International Buyers Bolstering Residential Market

According to the Florida Current, foreign buyers of residential have helped bolster the market in the past year.  However, these transactions continue to be primarily cash transactions.

Typical Post-Auction Foreclosure Challenge

For a example of how foreclosures might be challenged where the auction has already occurred, check out this Naples News article.  Apparently, the borrower is challenging the adequacy of the price--and as a twist, the auction purchaser's ability to effectuate the purchase based on the lack of a business receipts license,

Good News for Real Estate Professionals

Thanks to recent increases in the market, competition for high producers has increased markedly in Southwest Florida.

First-Time Home Buyers Held Back

While the residential real estate market has stabilized and even heated up, first-time buyers have been held back because of tighter lending standards.  Some suggest applying for conventional instead of FHA mortgage because there is less red tape.

Florida Office Real Estate Market Recovering

Office real estate is coming back in South Florida as an investment.  According to CNBC, the market most experiencing an increase is in Southeast Florida.  It is unclear from the article whether the Southwest is experiencing a recovery as well.

Demand Increases for Downtown Ft. Myers Condos

The Fort Myers downtown condo towers are heating up.  According to the News-Press, demand has increased significantly since January.  For example, High Point Place is up to 90% occupancy.

Harlem Heights Cultural Center Design Finished

The design for the new Harlem Heights Cultural Arts Community Center has been completed.  According to the News-Press, the features include a 250-seat performing arts center, outdoor amphitheater, and walking/ biking trails.