Home sales continue to rise in Lee County
Bank-owned, short sales account for 72 percent of sales
The Realtor Association of Greater Fort Myers and the Beach, Inc. reported that its members sold 1,586 homes in June, a 121 percent increase from June of last year. However, more than half of the sales, 56.5 percent, were bank-owned, 15.5 percent were short sales and the remaining "traditional" sales made up 23.9 percent. Full Story
Bringing homes up to speed in a tech-savvy world
Bill and Caryn Schuman requested one thing for their residence in Bay Colony off Vanderbilt Beach Road. Sure, they were sold on 18th-floor high-rise views of the rolling green of Pelican Bay Golf Course to the east and calm waters along the Gulf of Mexico to the west. The 3,500-square-foot-condo was dreamy and spacious. Full Story
Core-Logic data says foreclosure rate up in Lee County
Foreclosure rates in Cape Coral-Fort Myers have increased for the month of May over the same period last year, according to First American CoreLogic, the leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity. Full Story
New book explains alternative to foreclosure
"Short Sale: A Practical Approach," by Danny Cachuela, is a guide to the often misunderstood alternative to foreclosure, the short sale. Intended to inform sellers, buyers and investors, the book offers practical suggestions on real estate transactions involving distressed mortgages or owners under financial hardship. Full Story
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