For Sellers Archives - Larry Roorda Realtor

Job growth in Florida expected to rise next year

11/15/10 Job growth in Florida could increase more than any other state during 2011, according to a recent forecast by economic consulting firm Moody’s Economy.com. Estimates by Moody’s Economy.com projects that Florida will have a 3 percent growth rate in the next year, according to a recent USA Today report. The largest job growth, 26.7…

Mortgage rates fall to new lows this week

11/12/10 Rates on fixed mortgages again fell to their lowest levels in decades this week, Freddie Mac said Thursday, after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth. The average rate on 15-year fixed loans, a popular choice for refinancing, fell to 3.57 percent from 3.63 percent, Freddie Mac said.…

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.…

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…

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…

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…

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.…

Collier County #1 for wealthy movers

Forbes recently rated Collier County as number 1 in the US for where the rich are moving. In 2008 over 15,000 people moved into Collier County with an average income per person around $76,000. The average income of those who moved out of the county was $26,128 per person. The majority of people who moved…

Ritz Carlton rated #1 Golf resort in Florida

The readers of Conde Nast Traveler magazine have rated the Ritz Carlton Golf Resort Naples as the best overall golf resort in Florida. The ratings were based on overall golf experience, resort, staff, amenities customer service, and the restaurant. The Tiburon golf courses offer 36 holes of golf and are designed by Greg Norman.

Condo Highlights: Lucerne

The Lucerne condominium complex lies in the Moorings subdivision along the Moorings Bay, south of Park Shore. Lucerne, built in 1984, consists of 24 units in the complex and offers under the building parking for owners. There are 10 boat slips in total, which can be leased or purchased from owners. The pool rests between…