The Buffet Demand

Buffet Demand

Warren Buffet, billionaire investor extraordinaire and CEO of Berkshire Hathaway received a lot of slack given his predictions last year that a housing recovery would turn around in a years time. He admitted he was “dead wrong” with those comments but is still a fan of the investment potential within residential real estate. He believes [...]

Cooperation Is Key As 2011 Housing Inventory Ends at 5 Year Low

Commentary by Fatima Khokhar Knapp Cooperation is the Key… The press release below details the facts and figures behind the decline of housing inventory in 2011 for Naples, Florida. The numbers are impressive though there are a few elements that have become apparent since September 2011 that are not captured in the press release and [...]

Monthly Recap: Single Family Homes Sales Rise, The Fed Shows their Hand and FHA Gets Strict on Buyers

The US Commerce Department reported that nationwide production of new single-family homes rose 4.4 percent in December 2011, a positive outlook as this is the third consecutive increase since April 2010. On a local level, single family home sales in Naples Florida increased 5 percent in 2011 (5,162 contracts) as compared to 2010 (4,896 contracts).The economic uncertainly has many speculating that the Federal Reserve will need to shake things up in order to get the economy moving again. Earlier this month it was announced that the Fed will disclose its members’ forecasts for key federal fund rates.As the Federal Reserve moves swiftly to create clarity in the marketplace and spur on the economy, the Federal Housing Administration (FHA) is enacting practices that may curb the ability for buyers to purchase homes. a new rule is to be enacted to “reduce the maximum allowable seller concession from its current level to one more in line with industry norms.”The law states that a seller may contribute 6 percent towards the buyer’s closing costs to include prepaid expenses, discount points and other financing items. FHA is looking to reduce seller concessions to 3 or 4 percent of closing costs, thereby placing the burden on the buyer to bring more money to the table.

Economists Predict Upturn for Florida Market with Naples Leading the Pack

International Real Estate Investing

This is a hectic time of year! The holiday season is here and a whirlwind year of domestic policy concerns and global banks drama is almost behind us, yet we must pause to reflect on the latest in the Florida and Naples real estate market as there is plenty of activity to report. Florida.. The [...]

UK Buyers Continue to Invest in Florida Sunshine

National Association of Realtors Report

British buyers have historically longed for the solace and sunshine in Florida. From 2005 to 2007 countless UK tour operators arranged housing holidays in Florida for British citizens. Second home expositions such as the wildly popular “A place in the Sun” is hosted twice a year in London and the Florida booths are always buzzing [...]

The Brazilian Real Estate Stampede!!

BrazilPropertyUse

Brazil is the world’s seventh-largest economy and shows no signs of slowing down. A delegation from the Florida Realtors spearheaded by Florida Governor Rick Scott visited Brazil in October to discuss real estate investment opportunities for Brazilians living or vacationing in Florida. Brazil is Florida’s primary trading partner with exports surpassing $13.7 billion in 2010. [...]

OH Canada…The Leading International Investor in Florida Real Estate

New Developments in Naples

International buyers have set their sight on Florida real estate and Canadian buyers have made their presence known in Naples, as two Royal Bank of Canada locations exist within the city limits. Recently the National Association of Realtors surveyed Florida Realtors in order to assess the significance of foreign buyers in Florida. The study highlights [...]

Florida: The Premier Pick for International Residential Investments

olde-naples

International buyers have set their sight on Florida real estate. A stroll down busy streets or the beaches offers a glimpse into the variety of cultures that now call Florida home. Canadians, British, Brazilian and German citizen flock to Naples every year, yet a wider spectrum of nationalities are represented throughout the state. According to [...]