| | Hi [[autoname]], The real estate market is showing early signs of recovery, according to the National Association of Realtors (NAR). September’s existing home sales increased 10% from August to a seasonally adjusted annual rate of 4.53 million homes sold. Lawrence Yun, NAR Chief Economist, explained, “A housing recovery is taking place; (there will be) a gradual rising trend in home sales with buyers responding to historically low mortgage interest rates and very favorable affordability conditions.” Here’s an overview of market stats across the country: | Existing Home Sales, Aug 2010 vs. Sept 2010 | Existing Home Sales, Sept. 2009 vs. Sept. 2010 | Home Median Price Sept. 2010 | Median Price Change Sept. 2009 vs. Sept. 2010 | | West | +5% | -16.7% | $213,600 | -4.9% | | Midwest | +14.5% | -26.4% | $139,700 | -5.2% | | South | +10.6% | -14.9% | $149,500 | -2.6% | | Northeast | +10.1% | -20.8% | $239,200 | -1.4% |
A recent NAR survey shows that first-time buyers purchased 32% of homes in September, up just slightly from 31% in August. Single family home sales increased 10% to a seasonally adjusted annual rate of 3.97 million in September from a pace of 3.61 million in August. The median existing single family home price was $172,600 in September, down 1.9% from a year ago. In years to come, we may look back at 2010 as an opportune time to have purchased property. It can be a good opportunity for sellers as well. If you need to make a real estate change or would like to review real estate opportunities, please let me know. I would love the chance to hear your thoughts and see how I can help. |
| 11110 First Ave, Punta Gorda, FL 33955 - $38,700 Affordable home with new tile, carpet and updated kitchen with new cabinets. See this cutie (912 sq. ft. under air/very open-functional floor plan) with crown molding, high woodwork, and a relaxing lanai. Enjoy the tropical lifestyle with quick, easy access to Punta Gorda or Cape Coral with all of the amenities and fun things to do. Excellent starter home, investment or winter retreat! See it on the web or call:941-235-3528 for more details. Less than rent! Punta Gorda Port Charlotte Homes For Sale | 415 Myrtle St., Punta Gorda, Punta Gorda, FL 33950 - $44,900 Updated home even has a spacious family room with inside laundry, additional storage, new carpet, appliances, kitchen cabinets and more! Ready to move in, this home features a nice size lot (approx. 9,000 sq. ft.) and possibilities for a second bath. Motivated seller says sell. Hurry! Call Bill ro Terrie at: 941-235-3528 or toll free: 877-75HOYLE (approx. 1040 sq. ft. under air) Central AC of course! | 2053 River Basin Terrace, Palm Isles, Punta Gorda, FL 33982 - $349,900 See this spacious home with 1723 sq. ft. under air, a refreshing pool with lanai, rich bamboo floors, and weather protection with high-impact windows (Miami-Dade 155 MPH) and transferable warranty on the insulated, steel roof for added energy savings! You'll love the flow-through floor plan with breathtaking views from nearly every room. A Rare Find! See it on the website: Homes in Punta Gorda | 12348 Minot Ave., South Gulf Cove Waterfront Lot, Port Charlotte, FL 33981 - $49,900 Excellent lot for your Florida home with very quick access to the Myakka River and beyond to Charlotte Harbor and/or Gulf of Mexico. This is a new listing and priced for any investors as well. Hurry on this one. Public water and more! Nice homes all around. Prime area! 941-235-3528 | 9344 Vivante, Top-Floor Harborfront Penthouse!, Punta Gorda, FL 33950 - $349,900 This stunning and like-new home features a spacious floor plan with entry through the foyer from your elevator. You'll notice the granite counter tops throughout and especially the panoramic views of The World-Famous Charlotte Harbor, the sailboats and sparkling waters! Enter the secure, gated Mediterranean village and wind through paver-lined bridges and stop by the 12,000 sq. ft. clubhouse with lagoon/vanishing edge pool, lap pool, Har-Tru tennis, fitness center, entertainment room, cyber-room, library and bar area with fully equipped kitchens and more. The lush grounds are manicured to perfection with a tropical setting you won't want to leave. Fisherman's Village is a skip down the road for shopping and dining and of coures there are more activities including the arts, culture, music, fine dining, sports, nature and more. Watch the frolicking dolphins jumping and swimming about and cruise the Gulf Islands of Sanibel, Captiva or even the Keys. For the golfers, there are many outstanding courses to pick from before relaxing on your over-sized lanai with a tropical beverage of choice. Call to see! Professionally Decorated and is negotaible for a turn-key home complete and ready to move into. 941-235-3528 See it on the Web: Punta Gorda Homes | 624 FlamingoDr., Suite 201, Venice, FL 34285 - $220,000 Visit the quaint village area of San Ramon (Venice, FL) with this freshly painted and fully turn-key Condo with a sparkling pool, landscaped grounds and your own white-sand beach! The home is ready to move in and has a spacious living area with 991 sq. ft. under-air. Everything is close by with more to do than you'll ever have time for from golfing, fishing/boating, sports events, cultural activities including art and music, nature walks, theatre and comics, movies and shopping until you drop. Dine out at multiple restaurants and eateries or just relax by the pool (heated) and feel the tropical breezes and sunshine all winter. To see this great opportunity, call us at: 941-235-3528 or toll free: 877-75HOYLE Other homes listed much higher! Great Price! See it! |
Q: Foreclosures are still happening. Why would someone foreclose, and what are the dangers of walking away from a home mortgage? A: If you know someone who owes more on his or her mortgage than the home’s current value, it may be tempting to skip out on the loan. But the price is high. Here are a few things to consider: - The homeowner's consumer credit score will be damaged. Your credit score (or FICO score) is a number formulated based on your credit history which helps potential lenders evaluate your credit risk. FICO reports that “A foreclosure is one of the strongest predictors of future credit risk.” According to the American Bankers Association, a foreclosure drops a FICO credit score by 100 to 400 points, depending on the borrower’s other credit history.
- Foreclosures remain on a credit report for as long as seven years, affecting any financial decisions you may make during this time.
- State taxes may still be due on the mortgage. The Mortgage Forgiveness Debt Relief Act of 2007 protects from Federal taxes through 2012.
- A lender can pursue a deficiency judgment and tie up other assets.
These potential damages give pause to homeowners. A survey by Trulia.com found that 59% of homeowners would not consider defaulting, no matter how much their mortgage was underwater. Defaulting on a mortgage is a serious and complicated move. If you know anyone who needs more information on this, please call or email me. Either I can help, or I’ll connect you or your contact with someone who can. As we enter this season of gratitude, one way to celebrate the spirit of Thanksgiving is to volunteer at a local food bank, church, or non-profit and make a difference in the lives of others. If you have older children, this can be a wonderful family activity, teaching life-long lessons of gratitude and helping others. How about contacting your local soup kitchen and tell them you’d like to help? Just browse through your local phone book to find homeless shelters near you. To look online, here are a few sites where you can locate events and opportunities to serve this Thanksgiving, throughout the holiday season and beyond: Historians differ on the origins of Thanksgiving. Some date the first feast to September 8, 1565, when Spanish colonists enjoyed a celebration at a site that is now modern-day St. Augustine, Florida. A day of thanksgiving was also codified in the founding charter of a colony in Charles City County, Virginia, in 1619. Although it wasn’t the earliest celebration, the traditional origins of modern Thanksgiving Day date back to November 1621, when a celebratory feast was held after the pilgrim’s first successful corn harvest. Modeled after harvest festivals commonplace in Europe, the three day long festival was attended by Native American allies. While no one knows if turkey was on the menu of that first feast, evidence points to a meal comprised of various fowl (including swan), seal, lobster, and deer provided by Native American members of the Wampanoag tribe. While the actual dates of the celebration have varied throughout US history, by the start of the twentieth century the fourth Thursday of November had become standard in most US states. It was not until 1941 that President Franklin D. Roosevelt signed a bill making Thanksgiving a national holiday on the fourth Thursday in November. Reflecting on my own blessings, I’m especially grateful for those who have supported my business this year. Thank you. I appreciate you and look forward to helping you meet your real estate goals in the coming year. Call us for a List of Properties for sale that fit your specific interests! Now is the Best Time to Buy in Florida. Call us and we'll tell you why. SW Florida Real Estate Awesome Prices and Values! Snooze-You Lose! http://www.homespuntagorda.com Thanks for reading! The According To Hoyle Group You've got a life; We help you live it! 877-75HOYLE or 941-235-3528 info@accordingtohoyle.com Sun Realty | |