At the End of the Day…

Courtesy of Michael Saunders & Company

News of our local economy has been decidedly upbeat of late, giving us another reason to be thankful as we look forward to the New Year. The unemployment rate in Southwest Florida declined by nearly a full percentage point in October—its lowest level in three months—even as retail sales enjoyed the biggest one-month gain in nearly four years. Meanwhile Chris Lafakis, an economist with Moody’s Analytics, predicts substantial growth in Florida’s economy due to a rebound in population growth and an increased willingness of people to travel to Florida for vacation. “The story of pent-up demand is true in no place more so than Florida,” he said.

Chancellor Nominee Has Sold Her Connecticut Home

Courtesy of Christine Haughney of the New York Times

As Cathleen P. Black endures scrutiny of her proposed appointment to become New York City’s next schools chancellor, she has one less house to escape from the pressures of her appointment this holiday weekend.

The assessor’s office in Bridgewater, Conn. confirmed Tuesday morning that Ms. Black’s antique colonial at 204 Curtis Road sold in recent days for $1.98 million — 15 percent below its $2.35 million asking price. Carolyn Klemm, the real estate broker selling Ms. Black’s house said that she was allowed only to confirm that the house had closed.

What If? (An Economic Wish List)

Courtesy of Michael Saunders & Company

Southwest Florida is by no means unaccustomed to being singled-out in the national and international media for being (among so many other things) one of the world’s best places to live, work, play, retire and—above all—soak up as much culture as we do sunshine. But of all the accolades that have happily come our way in recent years, an article in last week’s USA Today offered the most powerful affirmation yet of why we need to use our considerable cultural and educational assets to re-engineer our local economy.

Educating Sellers of Costa Rica Real Estate

Courtesy of Scott Cutter of 2CostaRica Real Estate

The past 12 months in the real estate world here in Costa Rica has been quite a interesting time for professionals, buyers and sellers in the marketplace.

Perhaps the most challenging task that we have faced as real estate professionals has been the job of re-educating sellers as to the market conditions, values and expectations that they can expect if they would like to sell their property within a reasonable amount of time.

New York Times Extols Clayton & Clayton Realtors For Highest Waterfront Property Sale This Year in Monmouth/Ocean County, New Jersey

Shawn Clayton of Clayton & Clayton Realtors was featured prominently in a June 2nd article in the New York Times Real Estate pages entitled A Rising Tide in Waterfront Values (by Antoinette Martin). In the article, Martin suggests that rising prices on waterfront homes in New Jersey’s Monmouth and Ocean Counties are indicators of an improving economy. Clayton & Clayton brokered the highest sale price this year on a waterfront property within the two counties back in January 2010.

Spanish Property Prospects For 2010

Courtesy of: Michel Cruz of RIMONTGÓ

When the first signs of the international financial crisis emerged in the second half of 2007 the Spanish property market had already been in a steady decline for a while. Not surprising, if you consider that almost a decade of feverish growth had led to a textbook case of an overheated market in which builders, buyers, sellers, investors and banks alike became accustomed to the kind of volumes that had never been seen before – and which would prove to be wholly unsustainable.

IRG International Realty Group Market Situation

By Ole Jespersen of IRG International Realty Group The Market Situation Ole Jespersen, sole owner of IRG International Realty Group, says: “At every function - private or business - I am being asked about the market situation. This is not new or as a result of the present economic situation, but also happens in the good times. People like to hear about the property market as it is a topic that actually interests the majority of people. The simple fact is, the property market is the most influential factor for the private, national and the international economies. Just remember what started the ongoing situation: American sub prime lending.

Depressed: YES! Depression: NO!

By Jim Walberg or Caribbean Islands Realty

Bob Wuan of Vacation Finance is a fellow real estate writer on the internet and a dear friend. We use the services of his company, Vacation Finance, for our clients needing a loan for purchasing their second and third homes. Bob Wuan just published an article today that I wanted all of you to read. Mind set is still one of the most powerful aspects of our economy. I welcome your feed back on Bob's thoughts.

Out With 2008, In With 2009

By Jazmin L. Lovenguth of Resources Real Estate

Well, as leave an eventful 2008 that was filled with breakdowns, bailouts and the bear chasing the bull out of town, keep in mind - this too shall pass. To be honest, as an area we did prove more resilient than many others. Our local banks have not disappeared into the night. In fact, several of them have reported not even one foreclosure. Why? Nothing amazingly clever, just making sure that the borrower has a job, an income that is accurate and an appraisal that is not based on speculative future value.

Market Update

By Abercromby's Real Estate

Recently two of the directors Jock Langley and Robert Vickers-Willis returned from Hong Kong meeting expatriates and building new relationships with migration companies.

Having worked in more discerning markets we feel it is important to look outside the square and attract different buyers to the residential market place.

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