Good Morning , Michael May here. 2.3.2024

Saturday, February 3, 2024

Stats | News | What's For Sale

Hello Michael,

I hope that all is well with you.

I hope that you will find this weeks' ENewsletter to be informative, and should you wish to share with friends or family, social links are provided below.

I will always listen to my subscribers who offer their ideas for its' improvement.

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Properties for sale, real estate-related economic news, and market

statistics are of utmost importance to everyone, and

what I love to research and discuss.

I have updated the Wholesale Food Forecast with the Foodservice Market Insight, as last week, many food categories continue to show "flat", or "declining" prices.

With decreasing inflation, yet increases in the labor market - and the impending Federal Funds Rate decline, will inflation continue downward towards the 2% target?

Please answer the poll below, and give me your opinion on the effect interest rates and inflation may have on real estate sales in the next 12 months.

Want to buy a SW Florida home? Know of anyone who does?

Call me, and let me know, at any time at 239-989-6357,

or email me at Michael@1BeachHome.com

Until Next Time, Be Well.... Michael May

VIDEO: My Beachfront Listing On Fort Myers Beach: approximately 4900 sf of buildable area per floor (subject to survey).

INFLATION FACTORS: WHOLESALE FOOD COST FORECASTS

MARKET REPORT

FOODSERVICE MARKET INSIGHT

GOOD SIGNS FOR THE REAL ESTATE MARKET?

50% MILLENIALS: HOMES UNAFFORDABLE

FOREBEARANCE RATES SLIDE AGAIN

FHFA: NOVEMBER HOME PRICES UP

AMERICAN CONSUMERS FEELING MORE CONFIDENT

Inflation flat/going down. Fed rate reduction near. Q: HOME PRICES IN 12 months: UP/DOWN/FLAT?

DOWN

FLAT

FOR SALE: RENTAL-INCOME PROPERTIES

A VERY NICE 216-UNIT RENTAL COMMUNITY IN CAPE CORAL

2-BED, 2-BATH, ~1250-1469 SF (some with garages)

video

unit	size	rent/mo	garage?
16-101	1469	1800	y (+$125/mo)
18-201	1469	1725	y (+$75/mo)
16-102	1469	1600	y (+$50/mo)
18-201	1469	1725	y (+$75/mo)
16-103	1469	1950 (2/1/24)	n
15-104	1469	2000	n
14-204	1469	1800 (mtm)	n
16-203	1469	1900	n
18-202	1469	vacant	y

Please share my E-Newsletter on your Social Media. Thank You! :)

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Some Of My Social Media:

**** ARCHIVE ****

Yes. 1% makes a world of difference.

The difference between owning a home, and waiting.

Fortunately, you have ME to qualify your Buying Power, and Alternative Loan Products which can help you NOW, so contact me!

No.. Not easy. It's challenging, and daunting, to begin the process. There are numerous ways in which it can fail.

No, it's not easy - but entirely doable. With my 30+ years of combined finance and real estate, I will pave your path to success. Call or email me.

NEW HOME SALES SURGE IN DECEMBER:

In the USA, we still need 4.mm new homes so, please, continue to build!

RENTERS RELUCTANT TO BUY. REASONS:

Upfront Costs
Don't think they'll ever be able to afford a home
Actually less expensive to rent
No upkeep costs
Home yearly upkeep costs
Money better invested for retirement
Freedom

BUSY EDUCATION WEEK UPCOMING: KNOWLEDGE IS POWER

I will be all ears, and quite attentive to this conference, will ask questions, take notes, and share the results with you next week.

Comments? Please let me know!

Such a complex issue; always something new to learn.

In spite of my years in the finance and real estate industries, I am humbled by those who know more.

More knowledge to serve to those who wish to be part of the SW Florida real estate investment world.

Comments? Please let me know.

INTERACTIVE TOOL: USA MEDIAN HOME PRICE

& MONTHLY MORTGAGE PAYMENT

Interactive: USA Median Home Price & Monthly Mortgage Payment

To assess the specific changes in your county, utilize our interactive tool.

It enables you to gauge the variance in the monthly mortgage payment for

a 30-year fixed-rate mortgage compared to the same period the previous year.

Was this interactive tool helpful to you? I hope so! :)

Yes

=== Testimonials ===

This was a great effort for all concerned (Aztec Plumbing was terrific). Under-contract, the buyers' home inspector discovered leaking pipes!!

I coordinated the repipe, kept Tommy & Mary Ellen updated, and with Aztec Plumbings

hard work, we met the original Closing Date.

video:

" The 3-Day Polybutyene repipe of Tommy & Mary Ellen Balls' condo"

National Association Of Home Builders:

Home Construction Unexpectedly

Surges In November

Fannie Mae:

2024 Home Sales

To Slowly Recover

Florida Population On

Pace To 25mm by 2030

Florida Population On Pace To 25mm by 2030

Original estimates for population growth thru 2030 have been revised downward from 30mm to 25mm.

In spite of this, the Florida State population is growing at a

rate of 982 per day.

EMAIL ME

MICHAEL MAY,

BROKER ASSOCIATE

THANK YOU FOR READING MY NEWSLETTER :)

I am grateful for the time you have spent to read my newsletter. Let me help you or anyone that you may know who wants to invest here in SW Florida.

I encourage you to check out my website and search for properties. Hope to hear from you, or anyone that you refer to me. I promise that I will not disappoint!

GO TO 1BEACHHOME.COM

Search For Property

Biography

239-989-6357

1495 Pine Ridge Road

Suite #1, Naples, FL 34109