Let's Talk... It's a Fantastic Time to Buy in South West Florida!
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Trust me you don't want to miss out on your opportunity to live here in South West Florida!
NABOR Report:
More Buyers Choose Conventional Mortgage Loans
to Purchase Their Home
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https://bhhsmarketingresource.com/p/41c1f0beb250b87f337317020f10d916/2778983
Over 44 percent of homes purchased in October used conventional financing methods (e.g., mortgages), according to a report released by the Naples Area Board of REALTORS® (NABOR®) that detailed activity in the greater Naples housing market during October 2016. The October 2016 Market Report, which tracks home listings and sales within Collier County (excluding Marco Island), showed a gradual – but continuous – decline in cash sales with growth in conventional sales during the last 12 months.
n October 2015, cash sales accounted for nearly 65 percent of all homes sales in Naples, whereas in October 2016, cash sales accounted for only 56 percent of all homes sales in Naples. Interestingly, homes purchased in the $300,000 to $500,000 price category in October reflected the highest percentage of conventional sales (60 percent) of all the price categories reported.
“Increased use of conventional mortgages in October may be an indication of increased consumer confidence coupled with a better lending environment,” said Rick Fioretti, NABOR® President and Broker Associate with Berkshire Hathaway Home Services Florida Realty. “In October 2014, only 32 percent of all home sales used conventional financing. In October 2015, conventional financing increased to 35 percent of overall sales.”...
n October 2015, cash sales accounted for nearly 65 percent of all homes sales in Naples, whereas in October 2016, cash sales accounted for only 56 percent of all homes sales in Naples. Interestingly, homes purchased in the $300,000 to $500,000 price category in October reflected the highest percentage of conventional sales (60 percent) of all the price categories reported.
“Increased use of conventional mortgages in October may be an indication of increased consumer confidence coupled with a better lending environment,” said Rick Fioretti, NABOR® President and Broker Associate with Berkshire Hathaway Home Services Florida Realty. “In October 2014, only 32 percent of all home sales used conventional financing. In October 2015, conventional financing increased to 35 percent of overall sales.”...
View the Entire Press Release
View October 2016 Market Statistics
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Michelle's Reminders:
Time to order your Christmas Day Turkey Fresh from Jimmy P's
You can call in your order or stop by for tonights dinner and place your order in person!
Jimmy is also taking ready made orders if you don't feel like cooking this year!!!
Jimmy is also taking ready made orders if you don't feel like cooking this year!!!
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I look forward to working with you and as always if you have any questions please feel free to contact me.
I look forward to working with you and as always if you have any questions please feel free to contact me.
I also want to remind you to be sure to accept my invitation to HomeSnap http://www.homesnap.com/Michelle-DeNomme this way you can start looking at any listing in a snap!
Let's talk about your next move today!
michelle@napleshomesweethome.com or contact me by calling 239.404.7787.
I hope you have a fantastic Holiday Season with your family and friends!
Michelle
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