Welcome To Southwest Florida Real Estate
Ken Tribble
August 2020
Real
The Real Estate Authority Of Southwest Florida


It’s All About The ’Burbs: In A Time Of Pandemic, More Young Families Are Fleeing The City For The Country
Scoffers label it, ‘panic-moving.’ Others call it common sense. Wherever you stand, there is little doubt that, as the pandemic continues to surge, the flight of families from city to suburbs is picking up steam across the nation.
      “Young New York couples typically put off a move to the suburbs until after the birth of their second child,” said Elizabeth Nunan, president of Houlihan Lawrence, a leading New York residential brokerage. “It gives them time to save some money and enjoy the perks of city living until the need for space and the cost of childcare make the family-friendly suburbs a better choice.”  
      But circumstances
Mortgage Rates
U.S. averages as of August 2020:


30 yr. fixed: 2.99%
15 yr. fixed: 2.51%
5/1 yr. adj: 2.94%






have flipped the concept on its ear.
      “Living in the epicenter of the coronavirus pandemic left most New Yorkers justifiably fearful,” Nunan said.
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Preparing Your Home for Sale During the Pandemic
     Despite the ongoing coronavirus pandemic, the real estate market must go on. Homeowners still need to sell, house-hunters still need to buy, and real estate agents still need to make a living. But the typical home selling process involves frequent contact with strangers—which is not recommended during this time of social distancing.
      By now, you’re probably getting pretty good at making adjustments in your everyday life to protect the health and safety of yourself and those around you. Along the same lines, there are steps you can take to show your home to potential buyers without risking your health or hurting your chances of a sale. Here are some tips to prepare your home for sale in the coronavirus



Thinking of a Remodel? Here Are Your Financing Options
     People are spending a lot more time at home. Whether it’s because of a stay-at-home edict or just choosing to work remotely instead of heading toward the office, many are choosing the stay-at-home model and some employers have found the stay-home can be an option for the employee going forward. And spending more time at home might also lead to thinking of a few household projects. Is the kitchen looking a little dated after all? How about some new countertops and upgraded appliances? Is the living room carpet looking a bit threadbare? If so, you’ll need to decide how to pay for those improvements.
      The obvious way is to pay cash. It’s quick, interest-free and you can tap into a checking or savings account pretty much anytime you need it. You get a bid, decide whether or not to move forward and write a check. On the flip-side however, pulling money out of an account can put a dent in the balance and in any interest-bearing account, money out

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5 Emily Lane
Fort Myers Beach, FL 33931



Southwest Florida Market Update

Florida Home Sales Are Up By 8 Percent , Prices Up By 4 Percent This Year Over 2018

Housing sales in the third quarter of 2019 were up by 8.1% and median home-sale values increased nearly 4% over 2018's third quarter.  Pending inventory is up too. Pendings represent the number of listed properties under contract at any point in time. With pending inventory rising Sellers should see an even better 4th quarter.  The number of single family homes for sale was at a 3.6 month supply and at a 5.3 month supply for condos.  Anything less than a 6 months supply generally indicates a sellers market.

Interest rates continue to improve.  Rates for a fixed rate, 30 year mortgage averaged 3.67% in the third quarter of 2019, far lower than the 4.57% average during the same period in 2018.  

It is expected that Florida will continue as a top destination for a growing migration of young families, retirees and wealthy tax refugees and businesses alike.  In short it is a great time to be a seller!  



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More Articles
July Real Estate Roundup
Open Shelving in the Kitchen—Yay or Nay?
The Mortgage Secret That Could Save You Thousands
Creative Ways To Carve Out A Home Office In Your Place
How Lenders Set Mortgage Rates



Ken Tribble GRI CPA
E-mail: kat@swflgulfcoast.com
Website: SWFLGulfCoast.com
239-229-4770 Direct

RE/MAX Realty Group
7910 Summerlin Lakes Dr.
Ft. Myers, FL 33907


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