NEW YORK – Feb. 4, 2015 – A seller may be able to boost the value of their home by an additional 12 percent, with just a few smart pre-listing repairs, according to a new survey of 300 residential real estate professionals by the Consumer Reports National Research Center. On Continue Reading
Does home staging help? Most Realtors say ‘yes’
WASHINGTON – Jan. 28, 2015 – Most homeowners know it's important to keep a home clean and free from clutter while it's on the market, but does staging the home increase the final selling price or offer other benefits, such as more interest buyers willing to tour the Continue Reading
U.S. home equity continues to improve
NEW YORK – Jan. 12, 2015 – Average equity on all financed homes in the nation continued to grow as hundreds of thousands of borrowers moved into the black. As of the third quarter of last year, the average loan-to-value ratio (LTV) on all U.S. residential loans was 58.9 Continue Reading
Sanctuary executive chef rated as one of the world’s best, talks about his trade, food history
Daniel J. Scannell is one of 64 Master Chefs and has been granted Global Master Chef Certification from the World Association of Chefs Societies. He has served since March as the executive chef for the Sanctuary Golf Club in Sanibel. Chef Scannell started in his trade Continue Reading
U.S. home prices coast upward in Nov.
U.S. home values rose at a measured pace in November, a sign that demand remains weak as many buyers have been priced out of the market. Prices increased 5.5 percent in November compared with 12 months earlier, real estate provider CoreLogic said Tuesday. That was up Continue Reading
End-of-year mortgage rates remain below 4%
Average U.S. mortgage rates rose slightly last week, but the benchmark 30-year rate stayed near a 19-month low. Mortgage giant Freddie Mac says the nationwide average for a 30-year fixed rate mortgage increased to 3.87 percent last week, up from 3.83 percent one week Continue Reading
Fla. home to 5 of the 10 top spots for CEOs
VERO BEACH, Fla. – Aug. 8, 2014 – An analysis of Census data identifies housing markets with the greatest share of chief executive officers and lawmakers living and working locally. According to data analysis firm Spread Sheet, all cities favored by CEOs have at least one Continue Reading
How is the Real Estate Market?
It is doing fantastic! Sales are up and listings are down yielding price gains. Customers are now able to sell their homes up north and move down. The amazing aspect of the sales is how well our office is doing! The Board of Realtors in our area had a 3% increase in the Continue Reading
Consumer confidence rises again in July
The Conference Board Consumer Confidence Index, which improved in June, increased again in July. The Index now stands at 90.9, up from 86.4 the month before. The Present Situation Index increased to 88.3 from 86.3, while the Expectations Index that gauges attitudes about Continue Reading
Mortgage rates dip slightly
Read the article here: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=310976 Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac reported Thursday that the nationwide average for a Continue Reading
Building giant considers move to home-rental market
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=310520 Lennar Corp., one of the nation's largest home builders, is "considering" a move to build homes earmarked for renters if first-time home buyers continue to be reluctant, said Stuart Miller, the builder's Continue Reading
Pending home sales surge in May
WASHINGTON – June 30, 2014 – Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors® (NAR). All four regions of the country saw increases in pending sales, with Continue Reading
Joe Mondelli Featured in this week’s Islander
John R Wood Island Real Estate's owner, Joe Mondelli, was featured in this weeks Islander for his dedication not only to our company but to the Islands and Island Charities. Read the article online here Continue Reading
U.S. consumer confidence rebounds in March
NEW YORK – March 25, 2014 – The Conference Board Consumer Confidence Index, which decreased in February, rose 4 points in March. The Index now stands at 82.3, up from 78.3 in February. While consumers’ outlook about their current situation, the Present Situation Index, Continue Reading
More banks lower FICO score requirements
NEW YORK – March 31, 2014 – More banks are lowering minimum FICO score requirements in an attempt to shore up lending for underserved borrowers. Carrington Mortgage Services is the latest company to announce that it lowered its minimum FICO score to 550. It also expanded Continue Reading
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