Equity Situation Improving – Time To Buy In Naples Florida!

Last week, CoreLogic released their 2013 4Q Home Equity Report. The report revealed themortgagerates following:

  • 4 million residential properties regained equity in 2013
  • An additional 1.2 million properties would regain equity if home prices rose another 5%
  • There are still 6.5 million properties in negative equity
  • The percentage of homes with a mortgage in negative equity is 13.3%
  • Another 10.4 million properties have minimal equity (less than 20% home equity)
  • The average loan-to-value ratio is 62%

Remember, there is a pent-up selling demand created by homeowners being unable to sell their home over the last several years because the value of the home was less than the mortgage amount.

This is good news for the economy and the housing industry throughout the US.  This means there are now 4 million homeowners who can put their homes on the market and move up or down to a new home.  So many Americans have put their lives and goals on hold during the downturn in the economy, now they can start to look to the future and plan to make their goals a reality.

Let’s hope that the 6.5 million homeowners who are still in negative equity will continue to regainDSC_0057 equity over the coming year and hopefully the figures for the last quarter 2014 will be even better!

If you have some equity in your home, now might be the time to consider a move to sunny Naples Florida.  Our prices are still excellent, but they are on the rise, so now is the time to make an investment in YOUR future.  Won’t it be nice when you have to be up in the cold north next winter but can think of your home in Naples and the income it is generating as a seasonal rental!  We are in desperate need of additional seasonal rental inventory and already have many guests calling us asking for reservations for the 2015.  Buy your home in Naples Florida and then let me rent it out for you to offset the costs of ownership!  You can enjoy it the rest of the year and know that your home is increasing in value.

What are you waiting for?  Call me today and let’s get started.

Remember it is always toasty in Naples and you deserve your piece of Naples sunshine and a good investment!

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