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Archive for July 2010

Condo Highlights: Ambassador Club

The Ambassador Club is a low-rise condominium with 32 units ranging from 1300 to 1400 square feet. The Ambassador Club was built in 1967 is located within the Moorings subdivision on the north side of Doctor’s Pass. The Ambassador Club is in a prime location, located just across the street from the Moorings Beach Club.…

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Oil Update

Many people have been inquiring about the current and future conditions of the beaches here in Naples in relation to the oil spill in the Gulf of Mexico. All of the beaches in Southwest Florida are oil-free and researchers expect it to stay that way, because of the loop current in the Gulf of Mexico.…

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Inventory Hits 3 Year Low

Both home and condo inventory in the Naples area continue to steadily decline. The inventory is now at a 3-year low within Collier County (excluding Marco Island). The inventory decreased 9 percent in the second quarter of 2010 to 8,845 properties compared to 9,681 properties in the second quarter in 2009. Inventory within the Naples…

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Global Interest in U.S. Homeownership Gains

International home buyers have shown more of an interest in owning a home in the U.S. over the past year than they had previously, due to the strength of the dollar, emerging economic recovery, and the value of U.S. real estate. Between April 1, 2009, and March 31, 2010 foreign buyers are estimated to have…

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New changes to condo laws in Florida

A 103-page condominium bill was passed on July 1st that created new incentives to a variety of buyers purchasing condominiums in Florida. Bulk buyers of condominium units can purchase condos without incurring the financial and legal responsibilities The new law no longer requires owners to purchase individual unit owner insurance, and eliminated the requirement for condominium…

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Home prices rise 0.8% in April from March

 NEW YORK (AP) – June 29, 2010 – Home prices in April rose for the first time in seven months as government tax incentives helped to bolster the housing market. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted a 0.8 percent gain. It had fallen in each of the past six months.…

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