Ken Tribble
December 2019
The Real Estate Authority Of Southwest Florida

Is New Construction for You? We’ve Got the Pros and Cons to Buying New
The Federal Reserve recently stated that housing is “the bright spot in the economy,” and spotlighted the growth of new construction; New home sales “are 18% higher than a year earlier,” according to REALTOR Magazine. But how much do you really know about buying new construction? If you’re wondering if it’s for you or if you’re just curious about the differences between buying new and resale, we’re breaking down some key details in these pros and cons.
      Con: No haggling allowed
      Negotiating is a key part of buying a resale home. But if you’re looking to negotiate the price on something new, you may be disappointed. Builders and
Mortgage Rates
U.S. averages as of December 2019:

30 yr. fixed: 3.66%
15 yr. fixed: 3.15%
5/1 yr. adj: 3.39%

and developers don’t generally like to lower the price of homes since it tends to aggravate those who purchased previously and didn’t get the benefit of a
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Holiday First Look: 2019 Color Trends
     Is it too early to start thinking about Christmas decorations? Is it ever too early to start thinking about Christmas decorations? We think not, frankly. When it comes to the decorating itself, studies show the earlier you start, the happier you are.
      While early November might be a tad too early to actually start putting up lights and changing out pumpkins for Santa, we’re definitely not above planning and shopping right now. And this year, we’re all about getting creative with the color story. These are the color trends we’re seeing for this year.
      Blue and green Pinterest searches for blue and green holiday decor are up, and we can see why. Swapping the classic red for green creates a look that’s

Troubleshooting Plumbing Issues
     Plumbing issues can be difficult, expensive, and time-consuming. If you have an idea of what the issue is, there’s a chance you can fix it on your own. Even if you can’t do anything yourself, knowing what the problem could be will let you know what to tell the plumber when you call. Here are some of the common plumbing problems you may encounter and ways to overcome them.
      Broken pipes: Orange County, for example, is one of the most densely populated places in America, and it is facing an expensive problem. About a fifth of the area’s water pipes are coming to the end of their useful lifespan. Not only are the pipes a bit old, but the soil is also corrosive. Of course, much of the pipe that needs to be replaced is the city’s responsibility, but some of the financial burden will rest on the shoulders of local residents. This is also an issue for plenty of other lcoations nation-wide. If you’re experiencing any of the signs of a major

Featured Listing:

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
November Real Estate Roundup
Co-Signing? Consider These Points
You Don’t Need 20% Down and Seven Other Myths That Are Getting in the Way of Homeownership
Inspection vs. AVM vs. Appraisal
Is This the Future of Rent-To-Buy?

Ken Tribble GRI CPA
239-229-4770 Direct

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

Equal Housing Opportunity

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