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Tag: housing market

Is now the right time to sell your home and make a bundle?

FORT MYERS, Fla. – Home prices are skyrocketing. It’s a tough market for buyers, but for sellers, it could be your time to get rich. FGCU Professor and Economist Dr. Shelton Weeks describes the market as, “frothy and frantic.”  “It’s a very busy time in our market,” Dr. Weeks said. Weeks said families are flocking to Southwest Florida and they need houses. “Anything that is well-positioned is snapped up, very quickly,” Dr. Weeks said and real-estate agents are noticing. “It’s amazing. I’ve never seen anything like it,”...

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How to buy a Southwest Florida home in a tough market

FLORIDA – If you’re in the market for a new home, you have to act fast. Houses are selling in days, not months. The housing market is a frenzy just about everywhere, but especially in Southwest Florida where families are flocking.  If you’re not offering over market price and paying with all cash, someone else is.  Agent Nancy Brown with Starlink Realty called the market, “unbelievable.” Over her 40 years in the industry she’s sold more than 975 homes.  “I have never had 13 sales in two and a half months. Never,” Brown said. About three months ago she listed a house....

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Florida homeowners face soaring property insurance rates

FORT MYERS, Fla.– Property insurance rates are on the rise for homeowners in Southwest Florida. In some cases, people are seeing the amount they normally pay, doubling. The property insurance market is in turmoil and one big reason is the massive amount of fraud since hurricane Irma struck the state. If you’re a property owner in Southwest Florida, your home insurance might be going through the roof. The problem is so serious that many realtors fear it could threaten the booming housing market.   Serena Warf, a Cape Coral resident, was caught off guard when...

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