Today’s real estate news for Naples, Estero and Bonita Springs covers the following topics – positive signal for real estate buying and affordable housing. Potential buyers and sellers of residential properties need to watch signals in the real estate market beyond just the volume and median price changes, which occur from month to month or year over year. Today, a signal is flashing with home builder stocks, even with negative reports coming out from that sector of the economy.
AFFORDABLE HOUSING – Govenor Crist appointed six new members to Florida’s Affordable Housing Study Commission, which makes public policy recommendations to the governor and Legislature to “promote the production, preservation and maintenance of safe, decent affordable housing for all Floridians.”
REAL ESTATE INVESTMENT – Investors who bought housing stocks at the beginning of the year made money. As the Federal Reserve started cutting interest rates, the stocks of several home builders started to rise dramatically; and some analysts believe it signals sunnier days ahead for the entire housing industry.