Bill's Christmas Bulletin 
Happy Holidays!

Thank you for your business this year.

We are finishing 2016 with a strong year all thanks to you!

What a wonderful year this has been helping to find my friends new homes.

Wishing you a very Merry Christmas and a Happy New Year.

May 2017 bring you good health, peace, love, happiness and success!
  Collier County’s rising inventories and dropping prices, make it appealing for BUYERS, and continue to put pressure on SELLERS.

  Lee County prices continue to inch up but could be close to their threshold as inventories slowly uptick.  

  Cash buyers evaporate by over 20%, surely we will be relying on a friendlier lending culture in order to close business.

  Mortgage rates spike however I suspect this will soften and stabilize. 

Mortgage Rates Keep Rising After Trump’s Election Win
Mortgage Rate Trend Index:

Mortgage rate experts polled by last week disagree on what will happen next: 33.3% predict rates will go higher; 33.3% say rates will go lower; and 33.3% foresee little change over the short term.

WASHINGTON (AP) – Nov. 28, 2016 – Long-term U.S. mortgage rates continued to surge last week in the aftermath of Donald Trump's election win.

Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03 percent, the highest since July 2015 and up from 3.94 percent a week earlier. The rate on 15-year home loans climbed to 3.25 percent, up from 3.14 percent last week and highest since January.

Long-term U.S. interest rates have climbed since Trump was elected Nov. 8. That is largely because bond investors believe the president-elect's plan to cut taxes and spend massively on roads, bridges, airports and other infrastructure could ignite inflation. When they foresee rising inflation, investors demand higher long-term rates and pay lower prices for bonds .

The yield on 10-year Treasury notes has risen from 1.87 percent on Election Day to 2.38 percent Wednesday.

The expectations of economic stimulus from tax cuts and higher infrastructure spending that are driving up interest rates have also pushed stocks higher. On Wednesday, the Dow Jones industrial average closed above 19,000 for the first time.

Still, rising mortgage rates pose a threat to the housing market. Low mortgage rates have helped fuel a rally in home sales. The National Association of Realtors said Tuesday that sales of existing homes rose 2 percent in October to a seasonally adjusted annual rate of 5.6 million – strongest pace since February 2007.

That's also helped lift home prices. The median price of a previously occupied U.S. home has risen 6 percent over the past year to $232,200.
Higher mortgage rates, along with rising house prices, could eventually reduce demand for housing.

Typically, as mortgage rates rise, buyers feel more of an urgency to purchase a home before rates rise further. That can lead to a short-term spike in sales. But if rates continue to climb, many buyers, particularly those living in pricier coastal markets, could find it tough to qualify for a loan.

"Certainly there are households on the margin where the difference between 3.5 and 4 percent is the difference between qualifying for a loan and not qualifying for a loan," said Ralph McLaughlin, chief economist at housing data provider Trulia.

Mortgage rates will likely keep rising until there's some more understanding of where the economy and housing policy are headed, McLaughlin said. But he doesn't expect U.S. home sales to weaken dramatically unless rates rise to 5 percent.

The Commerce Department reported Wednesday that fewer Americans bought new homes in October, though they are still 12.7 percent higher than they were a year ago. A tight supply of new homes has limited sales.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.

The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for a 30-year mortgage was unchanged at 0.5 point. The fee on 15-year loans stayed at 0.5 point.

Rates on adjustable five-year loans climbed to 3.12 percent this week from 3.07 percent. The fee was unchanged at 0.4 point.

Read Detailed Market Reports here:

Collier County Single Family Homes Sept 2016 Report

Collier County Single Family Homes Oct 2016 Report

Collier County Single Family Homes Q3 2016 Report

  More Buyers Choose Conventional Mortgage Loans to
Purchase Their Home

Naples, Fla. (November 18, 2016) – Over 44 percent of homes purchased in October used conventional financing methods (e.g., mortgages), according to a report released by the Naples Area Board of REALTORS® (NABOR®) that detailed activity in the greater Naples housing market during October 2016. The October 2016 Market Report, which tracks home listings and sales within Collier County (excluding Marco Island), showed a gradual – but continuous – decline in cash sales with growth in conventional sales during the last 12 months. 

In October 2015, cash sales accounted for nearly 65 percent of all homes sales in Naples, whereas in October 2016, cash sales accounted for only 56 percent of all homes sales in Naples. Interestingly, homes purchased in the $300,000 to $500,000 price category in October reflected the highest percentage of conventional sales (60 percent) of all the price categories reported. 

Full Article

Existing Home Sales Rise as Prices Start to Drop

As they do this time of year, prices on existing homes began falling in August—which may have led to a bump in sales.

Purchases of existing homes had fallen sharply in July but rebounded in August, according to the latest report from the National Association of Realtors®. Sales of the previously lived-in residences rose 5.5% from a month prior and 7.3% from a year earlier, hitting 541,000 deals.

These numbers were not seasonally adjusted. That means they weren’t smoothed out over 12 months to account for the ups and downs of the housing market.

Full Article

New Home Sales Decline, but So Do Their Prices

Prices and sales of brand-new abodes, with all those gleaming appliances and immaculate floors, slid in August as buyers’ mad rush of recent months to close on the homes of their dreams began to wane.

Despite falling prices, new-home sales dropped nearly 12.3%, to about 50,000 purchases nationwide, from July to August, according to the U.S. Department of Commerce’s monthly residential construction report. But they were up almost 22% from the same month a year prior.

The numbers cited above were not seasonally adjusted. That means they weren’t smoothed out over 12 months to account for the ups and downs of the housing market.

Full Article
3219 SW 7th Ave, Cape Coral, FL

Move in ready, custom built home in the Cape!
No HOA's, no restrictions!

3 bedrooms 2 bathrooms + den and 2.5 car garage!

4813 West Dr., Fort Myers, FL

3 bedrooms 2 bathrooms fabulous bargain in Fort Myers! 

Lovely corner lot!

14574 Indigo Lakes Cir., Naples, FL 

Stunning pool home in fantastic North Naples location!

4 bedrooms 3 bathrooms 3 car garage in one of Naples fabulous family communities Indigo Lakes.
Call or Text Me on (239) 745 5492
8695 Ibis Cove Circle, Naples, FL 

Stunning upgraded home in perfect North Naples location!

3 bedrooms 2 bathrooms beauty!!
It's a great time to buy!

Season is here!

Did you know 1,000 people a day move to Florida?
Secure your new property now!
Click HERE  to find me on!
Call or Text Me on (239) 745 5492
1216 Great Hunter Dr., Grove City, OH
4 Bedrooms, 2 Bathrooms  2,536 SF
Snow bird?
Second Home?
Look no further!

Let us take the work out of it for you!

Where Investors Can Find the Best Returns

With competition stiff for a limited number of entry-level homes, investors are finding the single-family rental market to be strong for consumers who are opting to continue renting rather than buy.

"An increasingly competitive home buying market bodes well for the single-family rental market relative to both demand and rental rate increases," says Wally Charnoff, CEO of RentRange Data Services.

In a new report, RentRange, a housing market data analytics firm, ranks the top 25 U.S. markets for rental rate rises on single-family homes between the second quarters of 2015 and 2016. California and Florida dominated the top 25 list. The states are seeing some of the largest increases in home values and in rental demand.

The following are the markets with the largest year-over-year rental rate increases:

1. Cape Coral-Fort Myers, FL: 26.1% annual rent gain

Full Article

Are you considering purchasing an Investment Property?
Do you have a property you would like to rent out?
Looking for a headache-free solution?

Let us take the work out of it for you!

W ith our Property Management Services we can fully manage your Investment Property. 

We find tenants, vet and screen them, handle lease paperwork, carry out property inspections and collect your rent checks. 

Plus, with our Renovation Services we can also handle any property maintenance issues on a small or large scale.
Call or Text Me on (239) 745 5492
Are you curious about a Self Directed IRA?

Talk to me about how you can buy Investment Property using your IRA

I can find you the Ultimate Investment Property in Southwest Florida
and KEEP IT RENTED with our Property Management Services!

With Florida's rapid growth rate the possibilities are endless.

Kelsey Dineen
Midland IRA
(239) 333 4920
Let me help! As a Florida licensed Residential and Commercial Contractor with over 25 years of experience I can assist with your renovation needs or build your dream home on your lot!

Certified Building Contractor CBC 1260844.

Before you decide to build talk to me!

Read More about my background and experience or Contact Me now to discuss how I can assist with your next renovation project or just to offer my expertise in Construction Consulting Services.     
Call or Text Me on (239) 745 5492
Looking for a Golf Course Community?

With so many beautiful communities and outstanding golf courses to choose from it's not an easy decision!

Let me help you find exactly what you are looking for!
Call or Text Me on (239) 745 5492
I am an industry expert with over 25 years of experience in the real estate field with a solid foundation as a second generation Builder/Developer.

I am a Florida Real Estate Agent and Fort Myers Beach resident serving Lee and Collier Counties.  
Naples Realty Services, Inc.
3003 Tamiami Trail N.
Suite 210
Naples, FL  34103  
Call or Text Me on (239) 745 5492
I am also an Ohio Broker with a full team based in Ohio.
Our Ohio connection is alive and well!

We are excited about our awesome year in Ohio in 2016 and looking forward to 2017!

We pay referrals to Ohio agents!
     My Ohio Associate Matt Malone 
William Fannin Realty, Inc.
424 Beecher Rd.
Gahanna, OH  43230
Call Me on (614) 939 4251 (office)
Text Me on (614) 207 3662

Click HERE  to find me on!
  Alabama, Clemson, Ohio State, Washington picked for
College Football Playoff!

Missing Home?

Did you know that Naples has one of the largest Buckeyes fan clubs?

They offer three different types of membership. Only $25 per year  for a single membership or $40 per year for a couple. Free to the under 35's!

Click on the logo to find out more!
Looking for a great place to dine in Naples? The owners of Naples beloved restaurant  The Pewter Mug now bring us their new venture. Bernie's City diner is well worth a visit! Now serving breakfast and lunch. Open 7 days a week from 7am to 2:30pm!

Join me for breakfast to discuss your real estate needs, for a free home appraisal or just to say hello! Monday's at 8am at Bernie's City Diner located at 14700 Tamiami Trail N. #22, Naples, FL 34110. RSVP Now!  (239) 745 5492.
Call or Text Me on (239) 745 5492
A percentage of our sales helps support the following charities
with their important work: