Home sales have risen

U.S. home sales up 2% in month

Existing home sales in the United States grew 2% in October 2017. At the same time, Single-Family home prices by 5.5%, new figures show. Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, reached a seasonally-adjusted annual rate of 5.48million in October from a downwardly revised 5.37million in
Homes are more affordable in the U.S.

Homes ‘more affordable than 20 years ago’

Even though United States home values are rising, properties are now more affordable than in the last 1990s. That is according to the latest Mortgage Monitor Report from mortgage data and performance information provider, Black Knight Inc. Less median income to purchase median home Nationally, it requires 2.8% less of median income to purchase the
Values are now higher than in the pre-boom

U.S. home values back to pre-boom levels

Home values across the United States are back to pre-boom levels – and the market is fundamentally stronger than before the global crash. Market experts say rising prices are being fuelled by low supply and strong demand. These are different to speculation that brought down the 2006 market, says the realtor.com website. Stronger housing market
Cape Coral is among top digital cities

Cape Coral among top digital cities

Cape Coral is among the top 2017 digital cities. The winners of the award help make government more efficient, effective and responsible. They also deploy technology where it will have the most impact for residents. Security and transparency Cape Coral was first in the 125,000-249,000-population range after prioritizing security and transparency. Director of IT and
Cape Coral has the safest drivers in Florida

Cape Coral drivers safest in Florida

Cape Coral drivers are the safest in Florida. They are also the fifth safest in the United States. That’s the findings from the 13th annual Allstate’s America’s Best Drivers Report. Last year, Cape Coral came fourth. Practising safe driving From always buckling up to never texting behind the wheel, there are many ways people across
Foreign property buyers in Cape Coral

Cape Coral among top Florida foreign buyer destinations

The value of foreign property purchases in Florida rose by $4.8billion to $24.2billion in the year to July 2017. Cape Coral-Fort Myers accounted for 5.7% of foreign property purchases, says the National Association of Realtors data. This is up from 3.5% the previous year, states the 2017 Profile of International Residential Real Estate Activity in
Consumer confidence is rising

US consumer confidence at 17-year high

Consumer confidence in the United States is at a near 17-year high. The Conference Board Consumer Confidence Index is at 125.9, the highest level since December 2000. The Present Situation Index increased from 146.9 to 151.1. It examines consumer confidence and attitudes to what they buy and watch. At the same time, the Expectations Index rose
Sales are due to rise in 2017, says Lawrence Yun

US home sales set to rise in 2018, say realtors

Home sales in the United States are likely to hit an 11-year high in 2017 and increase even more in 2018. That is the view of U.S realtors. The steadily improving U.S economy, sustained job growth, and rising confidence that now is a good time to buy a home should pave the way for an
Florida single-family home prices rose in Q3

Florida home prices up 6.7% in last year

Median Florida single-family home prices have risen 6.7% in the last year. Closed sales fell 5.5% in the year to Quarter 3, 2017. This was mainly due to the disruption caused by Hurricane Irma in September. Median single-family existing home prices reached $240,000 Median single-family existing home prices in 3Q 2017 in Florida reached $240,000, according to
Economic growth is strong in Cape Coral

Economic health strong in Cape Coral

When it comes to economic health, Cape Coral-Fort Myers is in the top third of the nation’s largest metropolitan areas. Cape Coral-Fort Myers came 33rd in the 2017 ACBJ Economic Index. This assessess the economic health of the nation’s 100 largest metropolitan areas. American City Business Journals is behind the rankings. They are based on 25