http://www.tournaplesrealestate.idxco.com/i/12201/Wilshire_Lakes_Courtyard_Home
3 Bedrooms, 3 Baths, $142,000 in owner and builder upgrades! Imported pool Tile, Awesome Cabana, Neat and clean, rarely used. Nicest home available in Wilshire Lakes, one of the nicest I’ve seen period.
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'Cottage Review' Newsletter
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Naples Historical Society
P.O. Box 201 Naples, FL 34106 |
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Get Much More Online
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TIP: Enjoy a few of the thousands of photos and documents preserved and archived by the Naples Historical Society. Each one reveals a unique view of turn of the century Southwest Florida.
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'P I C K E T I N
P A R A D I S E' |
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You Can Have a 'Personalized Picket in Paradise' Surrounding The Norris Gardens at Palm Cottage
Dedicate a picket to a loved one, your family name or whomever you would like to see memorialized in a plaque on the fence surrounding the beautiful The Norris Gardens.
Limited pickets remain! Call 239-261-8164 for information or stop by Palm Cottage for an order form.
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P R E S E R V A T I O N I N I T I A T I V E S
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Docent-guided Tours
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Docent-guided Tours
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Naples Historic District
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"Slice of life" interviews maintaining a vital
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For much more visit NaplesHistoricalSociety.org |
OUR MISSION
Naples Historical Society is dedicated to preserving Naples history
and heritage for the community and future generations to enjoy.
Thank you for your interest and support.
| Naples Historical Society LOCATION: 137 12th Avenue South, Naples, Florida 34102 MAILING ADDRESS: P.O. Box 201, Naples, Florida 34106 TEL (239) 261-8164 FAX (239) 435-1438 |
- Click to view http://napleshistoricalsociety.org/news/issue53.htm
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NEW YORK – Feb. 10, 2011 – Now is a good time to buy real estate, according to data from Moody’s Analytics. Home affordability has returned to pre-housing bubble levels or even fallen below the average in many U.S. markets.In fact, housing affordability by the end of September had returned to or fallen below the average reached between 1989-2003 in 47 of the 74 housing markets that Moody Analytics tracked.In September 2010, the ratio of home prices to annual household income had fallen to 1.6 – below the historical average of 1.9 between 1989 and 2003. The ratio peaked in 2005 at 2.3.“Based on incomes, this is as affordable as it gets,” says Mark Zandi, chief economist at Moody’s Analytics. “If you can get a loan, these are pretty good times to buy.”Some of the most undervalued markets include Cleveland, Detroit, Las Vegas, Atlanta, and Phoenix. But those cities also are facing high rates of foreclosures and more borrowers defaulting on their mortgages that could decrease values further in those cities before they start to improve, Zandi says.In Phoenix, for example, “it’s become cheaper to buy than to rent,” Jon Mirmelli, a real estate investor in Scottsdale, Ariz., who rents out foreclosed homes, told The Wall Street Journal. “But the question is: can you qualify for a loan?”Source: “Home affordability returns to pre-bubble levels,” The Wall Street Journal Online (Feb. 8, 2011)© Copyright 2011 INFORMATION, INC. Bethesda, MD
Contact Mark Simoff for your Naples area real estate needs. www.marksimoff.com. msimoff@yahoo.com.
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NEW YORK – Jan. 7, 2011 – Rates on fixed mortgages dipped this week after rising steadily over the last two months.Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 4.77 percent from 4.86 percent the previous week. It hit a 40-year low of 4.17 percent in November.The average rate on the 15-year loan slipped to 4.13 percent from 4.20 percent. It reached 3.57 percent in November, the lowest level on records starting in 1991.Rates have been rising since November. Investors have shifted money out of Treasurys and into stocks. Many expect the tax-cut plan will fuel economic growth and increase inflation. Yields tend to rise on inflation fears.Mortgage rates tend to track the yield on the 10-year Treasury note. Those rates have been fluctuating in recent weeks.Low mortgage rates did little to boost home sales last year and higher rates now could hamper a robust recovery.The number of borrowers who applied for a mortgage in December was 10 percent below the same month in 2009, according to Capital Economics. Refinance activity has dropped off 44 percent since rates hit their lows. The number of purchase applications has been rising along with sales, but last year’s sales pace was shaping up to be the slowest in 13 years.To calculate average mortgage rates, Freddie Mac collects rates from lenders across the country on Monday through Wednesday of each week. Rates often fluctuate significantly, even within a single day.The average rate on a five-year adjustable-rate mortgage slipped to 3.75 percent from 3.77 percent. The five-year hit 3.25 percent last month, the lowest rate on records dating back to January 2005.The average rate on one-year adjustable-rate home loans fell to 3.24 percent from 3.26 percent.The rates do not include add-on fees, known as points. One point is equal to 1 percent of the total loan amount. The average fee for the 30-year and 15-year loans in Freddie Mac’s survey was 0.8 point. The average fee for the five-year ARM was 0.7 point, and the fee for the 1-year ARM was 0.6 point. Copyright 2011 The Associated Press, Janna Herron (AP Real Estate Writer). All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
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Here is an interesting article I thought you might like to read.
The original article can be found on Yahoo! Real Estate here: http://realestate.yahoo.com/promo/where-americas-money-is-moving
