The Naples real estate market is in recovery which is being brought about by the recovery of the Florida economy.

The real estate recovery can be seen in the statistics for the real estate market. Statistics to be posted shortly within this blog.

Fishkind also expects retirees to return to Florida’s warm shores, but “there is a discernible lag between recovery and population growth,” Fishkind said. “It takes time for people to realize there is a recovery.” [Read more...]

A question was asked yesterday “How far below peak would you guess homes and condos are in the Naples area?

Statistics for homes sold show the median sold price through June 30, 2010 in the Naples area to be $227500 down 52 percent from calendar year 2005 (the peak year) median sold price of $474450. The current median sold price is approximately the same as it was in 2002. The median sold price in 2010 has increased 17 percent over 2009’s, the median price sold of $195000. [Read more...]

Is a lawsuit from your lender in the future a possibility after your short sale or foreclosure? Homeowners may find themselves in the possible tidal wave of lawsuits from lenders or mortgage holders against homeowners in the future as a way to recover losses when sales of homes involve a short sale or foreclosure when not enough money to pay the mortgage(s) in full, according to legal and real estate analysts.

“It will be a dramatic problem because the borrowers will not know it’s coming,” according to Frank Alexander, a law professor at Emory University in Atlanta, Georgia. [Read more...]