Home sales: Can homes and rates rise together?

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New home sales surged in May, and home prices soared in April, but rising mortgage rates threaten future gains, economists say. Home prices rose a record 12.1(PERCENT) in the year ending in April, according to the Standard & Poor’s Case-Shiller index released Tuesday. New home sales, meanwhile, reached their highest level in nearly five years.

5 Ways to Help (or Hurt) Your Credit Score

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Getting the best interest rate on a loan comes down to one important number: Your credit score. What Is It? A credit score is a three-digit number generally ranging from 300 – 850. The higher your score, the better credit risk lenders think you are. And that means you’ll pay lower interest rates on loans.

Will Canadians get to stay in Florida longer?

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WASHINGTON — Florida already is the top destination for Canadian snowbirds, and more could flock to the Sunshine State soon. Tucked into the massive immigration reform bill being debated in the Senate is a provision that would allow retirees from Canada to stay up to eight months in the United States — two months longer

Property valuations within Lee County climb

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For the first time in six years, property values in Lee County overall are on the rise. For the first time since 2007, property values in Lee County are projected to have increased, at nearly 2 percent, with almost all 91 taxing districts seeing its numbers in the black. Property Appraiser Kenneth Wilkinson released his

Big Real Estate Sale in Naples: Kind Richard’s Amusement Park

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The Brown Team  RICK BROWN: (239) 322-2313 BRENDA BOOTH-BROWN: (239) 287-8834 www.TheBrownRealtyGroup.com Bic’s Investment Corporation sold King Richard’s amusement park located at 6780 Airport Pulling Rd. N in Naples, FL to Top Hat Imported LLC for $5.1 million. The property was purchased by the buyer as a redevelopment project that will eventually house the company’s

SW Florida: A Hot Market (Real Estate Forecast Lee and Collier)

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As they look forward, Lee and Collier counties are like two siblings, joined at the rear with each looking to the future with a different perspective. The two counties are among the top 10 fastest growing in the nation, with Lee showing 3.6% growth and Collier realizing 4.4% growth over the past year, according to

Real Estate News Briefs for SWFL

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THE BROWN TEAM at Downing-Frye Realty RICK BROWN: (239) 322-2313 BRENDA BOOTH-BROWN: (239) 287-8834 www.TheBrownRealtyGroup.com Bella Terra nearing sell out Only 19 homesites remain for sale at Bella Terra, Lennar’s gated community of Executive homes located on Messino Court, south of Corkscrew Road, three miles east of I-75. New three-, four- and five-bedroom Executive homes

Southwest Florida real estate briefs for May 5, 2013

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Local WCR chapter event The WCR new member orientation and membership appreciation will be held at the Naples Depot Museum, 1051 Fifth Ave. S. on Thursday, May 9 from 5:30 to 7:30 p.m. Set in Naples’ restored Seaboard Air Line Railway passenger station, the Naples Depot Museum welcomes visitors back to the railroading boom days

Florida Mortgage Foreclosure Bill Passes

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The mortgage foreclosure bill sponsored by State Rep. Kathleen Passidomo, R-Naples, has just passed the Senate and will be heading to Gov. Rick Scott for his signature. The bill, which accelerates the foreclosure process, passed the House on Monday. Passidomo and the bill’s co-sponsor, Sen. Jack Latvala, R-Clearwater, say the intent of the bill is

Florida’s Housing Market on the Upswing

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The Brown Team  RICK BROWN: (239) 322-2313 BRENDA BOOTH-BROWN: (239) 287-8834 www.TheBrownRealtyGroup.com Florida’s housing market on upswing in March Increased closed sales, more pending sales, higher median prices and a reduced inventory of homes for sale in March were reported on Florida’s housing market according the Florida Realtors®. The median price is up more than
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