Look what city made Travelers Choice Top 10 Destinations on the Rise – click link below
Wendy@wendysellsthecape.com
Posted by: Wendy Harpp | November 29, 2012

REMODELED POOL HOME IN SE CAPE $155,000

wendysellsthecape

MOVE IN TO THIS BEAUTIFULLY REMODELED POOL HOME IN SE CAPE. WITHIN WALKING DISTANCE TO ECO PRESERVE. BRAND NEW HURRICANE IMPACT WINDOWS. NEW KITCHEN WITH STAINLESS APPLIANCES, GRANITE AND CABINETS. LARGE LANAI AND POOL AREA FOR ENTERTAINING, WITH OUTDOOR KITCHEN AREA COMPLETE WITH SOLID SURFACE COUNTER, REFRIGERATOR AND CABINETS. CUSTOM MADE WINDOW TREATMENTS! FENCED YARD WITH BEAUTIFUL LANDSCAPING WITH MATURE TREES. WONDERFUL NEIGHBORHOOD ACROSS THE STREET FROM GULF ACCESS.ASSESSMENTS PAID. COMPLETE WITH HOME WARRANTY ! QUICK RESPONSE FROM SELLER. FURNISHING NEGOTIABLE.

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Posted by: Wendy Harpp | November 29, 2012

For Sale: 3BR/2 1BA Single Family House in Cape Coral, FL, $350,000.

Posted by: Wendy Harpp | November 14, 2012

CAPE CORAL’S FUTURE IS SO BRIGHT YOU HAVE TO WEAR SHADES!

The word of the night was opportunity.

On Tuesday leaders from across the Cape Coral shaded their eyes, figuratively speaking, in light of the brightness that they see coming in the near future. That was the motto at “Catch the Vision: A 2013 Real Estate Look Forward” to rally the masses.

Sunglasses were given to the hundreds in the crowd and a photo taken with everyone sporting the complimentary “Men in Black”-style lenses at Cape Coral First Baptist Church. PowerPoint presentations showed the slight upticks in the economy that signaled improvements within the commercial and residential real estate sectors.

A trade show featured more than 20 recession survivors and new small business owners.

Patty Holmes, owner of Tuffy Auto Service Centers, said it’s been tough, but her business has made a point to adapt and change with the times. In business for 16 years, it spent the last five trying to rebuild the customer base after people left the area.

“We’ve really used the Internet more than ever,” Holmes said. “We’ve gotten ourselves known and used search engines and have had more than one customer come in because they read our positive online reviews.”

The city is retooling its image with billboards calling in curious tourists and potential investors to take a look at what Cape Coral has to offer. Dana Brunett, the city’s economic development director, spoke of efforts to create quality jobs and destination-oriented projects that will draw people.

Wal-Mart and various other large corporations are just a few of the businesses looking into the city. He said he wants to make sure the city takes advantage of promoting itself as a waterfront community.

Michele Schafer, a Broker Associate at Miloff Aubuchon Realty Group, noted that there are 328 new building permits in the city for single-family homes and consistent improvement in the local housing market. The highest count for permits in the past 12 years was in 2005 at 7,894. The lowest count was in 2009 at 159 pulled permits.

“The evidence is clear and verdict is in, Cape Coral is back,” Schafer said.

The crowd was given a visual walk-through new development by Anthony Greco, Cape Coral Construction Industry Association president who snapped aerial pictures of numerous projects sprouting around the city.

During the boom, he said, the construction industry was making bread and raking in the dough. Then the bottom fell out and they were picking up crumbs during the recession. Now, Greco said, they’re finding slices and making loaves.

“We love to see foundations because that’s what keeps the construction industry going,” Greco said pointing at one of the pictures.

It’s comes down to basic economics, said Bobby Mahan, a local Realtor. The average house cost has gone up by 14.3 percent, he said.

According to Mahan’s statistics, there has been a 55 percent decrease in the number of actively available homes for purchase. New local business representatives such as the upscale motor coach resort, The Resort at Burnt Store Lake and a local distillery called Wicked Dolphin Rum also presented.

Buddy Smith, who began his garage door sales and service business On Track Doors over the summer, said it was an ideal night for a new business owner.

“I’ve had some great contacts with this,” Smith said.

written by Cristela Guerra
 
 
Posted by: Wendy Harpp | November 13, 2012

Housing market uptrend expected through 2014

ORLANDO, Fla. – Nov. 12, 2012 – The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a “fiscal cliff,” according to forecast presentations at a residential forum at the 2012 Realtors® Conference and Expo. Lawrence Yun, chief economist of the National Association of Realtors (NAR), said the housing market clearly turned around in 2012.

“Existing-home sales, new-home sales and housing starts are all recording notable gains this year in contrast with suppressed activity in the previous four years, and all of the major home price measures are showing sustained increases,” Yun said. “Disruption from Sandy likely will be temporary, notably in New Jersey and New York, but the market is likely to pick up speed within a few months with the need to build new homes in damaged areas.”

Yun sees no threatening signs for inflation in 2013, but projects it to be in the range of 4 to 6 percent by 2015. “The huge federal budget deficit is likely to push up borrowing costs and raise inflation well above 2 percent,” he said. Rising rents, quantitative easing (the printing of money), federal spending outpacing revenue, and a national debt equal to roughly 10 percent of Gross Domestic Product are all raising inflationary pressures.

Mortgage interest rates are forecast to gradually rise and to average 4.0 percent next year, and 4.6 percent in 2014 from the inflationary pressure.

With rising demand and an ongoing decline in housing inventory, Yun expects meaningfully higher home prices. The national median existing-home price should rise 6.0 percent to $176,100 for all of 2012, and increase another 5.1 percent next year to $185,200; comparable gains are seen in 2014.

“Real estate will be a hedge against inflation, with values rising 15 percent cumulatively over the next three years, also meaning there will be fewer upside-down homeowners,” Yun said. “Today is a perfect opportunity for moderate-income renters to become successful homeowners, but stringent mortgage credit conditions are holding them back.”

Existing-home sales this year are forecast to rise 9.0 percent to 4.64 million, followed by an 8.7 percent increase to 5.05 million in 2013; a total of about 5.3 million are seen in 2014.

New-home sales are expected to increase to 368,000 this year from a record low 301,000 in 2011, and grow strongly to 575,000 in 2013. Housing starts are forecast to rise to 776,000 in 2012 from 612,000 last year, and reach 1.13 million next year.

“The growth in new construction sounds very impressive, and it does mark a genuine recovery, but it must be kept in mind that the anticipated volume remains below long-term underlying demand,” Yun said. “Unless building activity returns to normal levels in the next couple years, housing shortages could cause home prices to accelerate, and the movement of home prices will be closely tied to the level of housing starts.”

“Home sales and construction activity depend on steady job growth, which we are seeing, but thus far we’ve only regained half of the jobs lost during the recession,” Yun said.

Yun projects growth in Gross Domestic Product to be 2.1 percent this year and 2.5 percent in 2013. The unemployment rate is showing slow but steady progress and is expected to decline to about 7.6 percent around the end of 2013.

“Of course these projections assume Congress will largely avoid the ‘fiscal cliff’ scenario,” Yun said. “While we’re hopeful that something can be accomplished, the alternative would be a likely recession, so automatic spending cuts and tax increases need to be addressed quickly.”

Regardless, Yun said that four years from now there would be an even greater disparity in wealth distribution.

“People who purchased homes at low prices in the past couple years, including many investors, can expect healthy growth in home equity over the next four years, while renters who were unable to get into the market will be in a weaker position because they are unable to accumulate wealth,” he said. “Not only will renters miss out on the price gains, but they’ll also face rents rising at faster rates.”

Also speaking was Mark Vitner, managing director and senior economist at Wells Fargo, who said the fiscal cliff is the biggest situation that needs to be addressed. “Beyond concerns about the fiscal cliff, the economic improvement seems to be broadening,” he said. “Housing will strengthen in 2013 even if the economy weakens, because there is a demand for more construction, and the demand for apartments is rising at a faster rate than the need for more single-family homes. Unfortunately, apartment construction is focused on about 15 submarkets, so additions to supply will be uneven.

Even with declining market shares of foreclosures and short sales, Vitner said they would continue. “Distressed homes right now are like an after-Christmas sale – most of the best stuff has been picked over, but make no mistake, they’ll be with us for a while.”

Yun projects the market share of distressed sales will decline from about 25 percent in 2012 to 8 percent in 2014.

Posted by: Wendy Harpp | November 6, 2012

REMODELED POOL HOME IN SE CAPE $155,000

LARGE LANAI AND POOL

MOVE IN TO THIS BEAUTIFULLY REMODELED POOL HOME IN SE CAPE. WITHIN WALKING DISTANCE TO ECO PRESERVE. BRAND NEW HURRICANE IMPACT WINDOWS. NEW KITCHEN WITH STAINLESS APPLIANCES, GRANITE AND CABINETS. LARGE LANAI AND POOL AREA FOR ENTERTAINING, WITH OUTDOOR KITCHEN AREA COMPLETE WITH SOLID SURFACE COUNTER, REFRIGERATOR AND CABINETS. CUSTOM MADE WINDOW TREATMENTS! FENCED YARD WITH BEAUTIFUL LANDSCAPING WITH MATURE TREES. WONDERFUL NEIGHBORHOOD ACROSS THE STREET FROM GULF ACCESS.ASSESSMENTS PAID. COMPLETE WITH HOME WARRANTY ! QUICK RESPONSE FROM SELLER. FURNISHING NEGOTIABLE.

Posted by: Wendy Harpp | October 17, 2012

Building in the Cape is Booming!!

When I went back to NY this month for 8 days to visit family, and I returned I was struck my how many new houses I was seeing around the Cape. So, after a little research I learned that since 1/1/2012-9/30/2012 Cape Coral has issues 269 residential building permits! Wowzeers~~~ we are on the come back kids. Further more new data was just released that showed that although Cape Coral was the first and hardest hit with the housing recession, we are now leading the country in the recovering real estate market!! It’s the best feeling knowing that the Cape is recovering and we are seeing such amazing signs of progress all around us!!

Dont miss out on your opportunity to buy or build here in beautiful Cape Coral while the prices and interest rtaes are still low!!

Wendy Harpp

American Brokers Realty

http://www.wendysellsthecape.com

wendy@wendysellsthecape.com

Posted by: Wendy Harpp | October 10, 2012

Sunset in the Cape

Sunset in the Cape

Glorious…..

Posted by: Wendy Harpp | October 10, 2012

Positive Tends

Mortgage rates continued to move downward last week in response the recent Federal Reserve policy shift of purchasing further MBS. Last week’s economic news was surprisingly positive. Both of the ISM’s indices showed relatively strong improvements with the Manufacturing Index jumping to 51.5 after three consecutive months of sub-50.0 readings. Any reading over 50.0 indicates that manufacturing in the US is expanding. Employment numbers were also positive. While only 114000 new jobs were created last month the previous two months numbers were revised upward an additional 86000 and the unemployment rate dipped to a four year low of 7.8%. This is much lighter week in terms of economic news and rates are likely to remain fairly level. The Fed’s Beige Book could have some impact if it reveals a less-cheery view of the economy.

Wendy@wendysellsthecape.com

www.wendysellsthecape.com

239-313-0141 cell

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