http://www.keepingcurrentmatters.com/2015/02/26/where-are-mortgage-rates-headed-4/

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year.

Below is a chart created using Freddie Mac’s February 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of 2015.

Mortgage-Rate-Projections-KCM

 

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

Research released by Zillow touched on this point:

“As rates rise, new home buyers will confront higher financing costs and monthly mortgage payments. For many, this will mean tightening their budgets and sacrificing some luxuries they may take for granted today.”

The experts predict that home prices will appreciate by 4.4% over the course of 2015. If both predictions become reality, families would wind up paying considerably more for their home.

Bottom Line

Even a small increase in interest rate can impact your family’s wealth. Meet with a local real estate professional to evaluate your ability to purchase your dream home.

 

What time does the Sunset in Naples FL Today? 
Sunrise    Sunset
March 01   6:51 AM   6:29 PM
March 02   6:50 AM   6:29 PM
March 03   6:49 AM   6:30 PM
March 04   6:48 AM   6:30 PM
March 05   6:47 AM   6:31 PM
March 06   6:46 AM   6:31 PM
March 07   6:45 AM   6:32 PM
March 08   7:44 AM   7:32 PM
March 09   7:43 AM   7:33 PM
March 10   7:42 AM   7:33 PM
March 11   7:41 AM   7:34 PM
March 12   7:40 AM   7:34 PM
March 13   7:39 AM   7:35 PM
March 14   7:38 AM   7:35 PM
March 15   7:37 AM   7:36 PM
March 16   7:36 AM   7:36 PM
March 17   7:35 AM   7:37 PM
March 18   7:34 AM   7:37 PM
March 19   7:32 AM   7:38 PM
March 20   7:31 AM   7:38 PM
March 21   7:30 AM   7:39 PM
March 22   7:29 AM   7:39 PM
March 23   7:28 AM   7:40 PM
March 24   7:27 AM   7:40 PM
March 25   7:26 AM   7:41 PM
March 26   7:25 AM   7:41 PM
March 27   7:24 AM   7:42 PM
March 28   7:23 AM   7:42 PM
March 29   7:22 AM   7:43 PM
March 30   7:21 AM   7:43 PM
March 31   7:20 AM   7:44 PM

 

Looking for Real Estate in Naples FL?

The Bua Bell Group

http://buabellsellsnaples.com/blog/wp-content/uploads/2015/02/8c92cac6-4302-456b-b3e4-cf98e34b79cc.pdf

A service from the Naples Area Board of REALTORS®

REALTORS® Complete 1,100 Written Contracts
and 600 Closed Sales in January

Naples, Fla. (February 20, 2015) – The Naples area housing market is off to a solid start according to broker analysts who evaluated the January 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Inventory declined a moderate 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015, and overall closed sales in every price category above $300,000 increased by double digits in the 12-months ending January 2015. Overall median closed price increased 13 percent to $273,000 in the 12-months ending January 2015 from $242,000 in the 12-months ending January 2014.

“We’re not seeing as dramatic a decrease in inventory this January as in last January,” said Mike Hughes, NABOR® president and Vice President/General Manager of Downing-Frye Realty. Inventory decreased only 5 percent from January 2014 over January 2015, compared to a decrease in inventory of 15 percent from January 2013 over January 2014. Hughes believes this slowing of inventory decline may be a good sign and remarked that “we should expect another tremendous season for home sales.”

As typically seen during the first three months of the year, cash sales are also on the rise. In January, the 394 cash sales reported accounted for 70 percent of home sales transactions in the Naples area. The report also showed sales of foreclosed homes in January were at their lowest – 64 – since NABOR® began reporting home sales activity in July 2009 when foreclosures numbered 240.

“Activity in the luxury home market continues to be the most impressive,” said Coco Waldenmayer, a managing broker at John R. Wood Properties. According to the report, pending sales, based on signed real estate contracts, for single family homes in the $1 to $2 million category increased 53 percent from 36 pending sales in January 2014 to 55 in January 2015, while in the same price category in the condominium market, pending sales decreased 22 percent from 36 in January 2014 to 28 pending sales in January 2015. Not surprisingly, the inventory for condominiums in this $1 million to $2 million category had the largest decline too at 26 percent.

As pointed out by several broker analysts during NABOR®’s 2014 annual media conference on January 16th, buyers looking for single family homes in 2015 will be pleased. In fact, according to Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc., affordable single-family homes are not appreciating out of control, as often speculated. “The median closed price for single-family homes in the $300,000 and below category increased 16 percent from January 2013 to January 2014. Yet the January report showed an increase of only 8 percent from $178,000 in January 2014 to $193,000 in January 2015.”

“The key is to work with a REALTOR® that knows the Naples market,” said Pat Pitocchi, NABOR® media relations chairperson and corporate trainer at Downing-Frye Realty. “Regardless of whether you are in the market to purchase a starter home or a seasonal residence, a REALTOR® can simplify the process and help you find exactly what you want.”

The NABOR® January 2015 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® January 2015 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

Overall pending sales decreased 1 percent from 1,117 in January 2014 to 1,103 in January 2015.
Pending sales for single-family homes increased 5 percent from 510 in January 2014 to 536 in January 2015.
Pending sales for condominiums in the $300,000 to $500,000 category increased 51 percent from 82 in January 2014 to 124 in January 2015.
Overall closed sales decreased 1 percent from 9,835 in the 12-months ending January 2014 to 9,759 in the 12-months ending January 2015.
Overall closed sales for single-family homes in the $2 million and above category increased 37 percent from 213 in the 12-months ending January 2014 to 292 in the 12-months ending January 2015.
Overall median closed price increased 13 percent from $242,000 in the 12-months ending January 2014 to $273,000 in the 12-months ending January 2015.
Overall inventory decreased 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015.
Average days on market for January 2015 were 85.

According to the report, the inventory of homes for sale in the $300,000 and below category in January 2015 encompassed about 33 percent of the market at 1,479 units. And while overall inventory fell 5 percent from 4,776 in January 2014 to 4,515 in January 2015, the $300,000 and below category experienced the largest drop in inventory (-24%) from 1,938 in January 2014 to 1,479 in January 2015. Despite a sinking of inventory in the $300,000 and below price category, there were increases in inventory in three other price categories: $330,000 to $500,000 increased 15 percent; $500,000 to $1 million increased 8 percent; and $2 million and above increased 12 percent from January 2014 to January 2015.

The greater Naples area housing market has had dramatic changes in inventory, price, availability and demand over the past year; more so in some neighborhoods than in others. It is because of those changes and the increasingly complex documentation involved in buying and selling homes that buyers and sellers are working closely with a REALTOR®. When you work with a REALTOR® who understands the diverse tapestry of the Naples area real estate market, you are partnering with a professional who has the experience you need to buy or sell with confidence in either the new home or resale markets.

The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.

The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.

Mediterra Real Estate


15211 Medici Way


Mediterra Real Estate

Mediterra Real Estate

Mediterra Real Estate

Mediterra Real Estate
This Tuscan jewel ?Casa Del Lago? is named for its magnificent and private lakeside setting. A beautiful spillover fountain & arches overflowing with colorful bougainvillea welcome guests thru a gated courtyard entry. The grand mahogany and glass front door showcases a great room with an elaborate ceiling intricately hand painted in a Michelangelo tradition. Impressive arched galleries with groin vault ceilings & keystone details flow to elegant interior spaces. Master craftsmanship hallmarks this villa home with custom millwork throughout highlighted in the meticulously detailed study with French leaded glass doors. The chef?s kitchen is appointed with Viking & Subzero appliances, granite topped breakfast bar/nook. An adjacent game room topped with a unique hand stenciled coffer ceiling is a comfortable indoor retreat. The sumptuous poolside master suite is complete with his & her marble & onyx spa baths & custom wardrobes. Outdoors a vine draped pergola edges the extended screened lanai with glistening pool, spa & Italian carved swan fountain. Lakeside amenities include a summer kitchen, fireplace, cypress ceiling, & Turkish marble deck. IMPACT GLASS/3bay GRG w AC!!!
15211 Medici Lane

15211 Medici Lane

15211 Medici Lane

Mediterra Real Estate

15211 Medici Lane

15211 Medici Lane

15211 Medici Lane

15211 Medici Lane

15211 Medici Lane - Mediterra Real Estate

15211 Medici Lane - Mediterra Real Estate

15211 Medici Lane - Mediterra Real Estate

15211 Medici Lane - Mediterra Real Estate

15211 Medici Lane - Mediterra Real Estate

15211 Medici Lane - Mediterra Real Estate
15211 Medici Way located in Mediterra.

See more info about this listings.

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Naples Real Estate Numbers
CLOSED SALES
• The number of closed sales during the past 12 months continues to show a gain over prior year even though sales in the month of January slowed
from the January 2014 level.
• The number of January closings is the second highest on record for the month (2000 – 2015).
• The number of closings in the past 12 months priced above $2 million outpaced all other price categories with a 25% increase over prior year.

PENDED SALES
• January pended sales in Naples remained approximately the same as 2014 (down less than 2%) while Bonita/Estero pended sales declined 11%.
• January pended sales is the second highest on record for the month, exceeded only by January 2014, which replaced January 2005 as the new high
for the month.

NEW LISTINGS/INVENTORY
• On February 1, 2015, available inventory in the combined Naples, Bonita Springs, Estero market stands at 5,380 units (2,353 condominiums and
3,027 single family homes). This is a 9% decrease from February 1, 2014 and represents a 4.9 month supply based on closings for the past 12
months (supply on this date 2014 was 5.8 months).
• In Naples, the supply of condominiums decreased 18% while the number of available single family homes increased by approximately 5%. In
Bonita/Estero both condominium and single family home supplies decreased, with condominiums down 27% and single family homes down 7%

The Bua Bell Group

Riverstone Naples Florida


3296 Pacific Drive


3296 Pacific Drive

3296 Pacific Drive
Riverstone Naples FloridaNew construction available Apr/May 2015!! 2015 model home in Riverstone. Versatile “Merlot” floor-plan has 5 bedrooms and 4 baths located on a cul de sac street, lake views & lush landscaping. Spacious kitchen open to the family room with granite topped counters, stainless steel appliances, smooth top range, stainless steel sinks, & warm tone cabinetry. Features include neutral tile flooring in kitchen, passageways, & baths, carpet in bedrooms, sliding doors to screened patio, & granite topped bath vanities. Large master bedroom and a luxurious master bath, step in shower, corner Roman tub, and two generous walk-in closets.
Riverstone Naples Florida

3296 Pacific Drive

Riverstone_Naples_FL (1)

Mediterra Real Estate for Sale


Padova | 15102 Frescott Way


15102 Frescott Way

15102 Frescott Way
Sweeping 15th fairway vistas of Mediterra’s South course, backdrop this magnificent 5,676 sq ft estate home sited on a cul de sac. Designed for indoor-outdoor living, this versatile floor-plan is punctuated by a series of generous screened alfresco areas with two pools, spa, summer kitchen, dining, fireplace, & cabana bath. Designer interiors complement the gracious formal living room with fireplace, elegant dining room, butler’s pantry, seated wet-bar, & 90+ bottle climate controlled wine storage. The adjacent kitchen with island, breakfast bar & nook would delight any chef with Dacor gas range, pot faucet, 3 ovens, Asko dishwasher & Sub Zero refrigerator. A light filled gallery to the master wing includes a handsomely appointed office/study with cork floor and a grand coffer ceiling highlights the sumptuous poolside master suite with his & her wardrobes, & marble spa bath. Upstairs two en-suite bedrooms provide comfortable accommodations & view-filled wraparound balcony; architectural details include elaborate coffer ceilings, custom woodworking, & exquisite finishes of marble, granite, & quartzite. Amenities are whole house generator, whole house sound, & 3 AC garages.

Mediterra Real Estate

Mediterra Real Estate

Mediterra Real Estate

Mediterra Real Estate

15102 Frescott Way

15102 Frescott Way

15102 Frescott Way

Quail West Real Estate


13710 Pondview Circle


Mediterra Real Estate
Mediterra Real Estate
Offering the ultimate golf views & luxury lifestyle, this spectacular 5,715 sq ft estate overlooks the picturesque emerald 9th fairway of the Lakes Course at Quail West. Refined interior design, & architectural detail, new modern gourmet kitchen & elegant master suite renovations added in 2011. The interior spaces blend seamlessly, flooded with light & characterized by soaring 12’+ coffer ceilings, beautiful woodwork & 3 fireplaces. Grand outdoor spaces enjoy an exquisite pool, waterfalls, spa & summer kitchen. Additional amenities: home theater, AC garages, & artist studio.

• Relaxing cascading pool and spectacular golf vistas
• Refined estate with 4 beds, study, 5.5 bath on .91 acres
• The open plan flows to grand alfresco living
• New elegant renovations and upgrades in 2011
• Classic architecture with exquisite detail
• Soaring coffer/tray ceilings & wide crown
• Marble, wood, carpet, 14” baseboards
• Custom entertainment center in Family Room
• Dining, fireplace, Butler’s Pantry, Wet Bar
• Sumptuous Master, his/her baths & wardrobes
• Chic Master sitting room with laser fireplace
• Grand living room, expansive windows, fireplace
• Chef’s kitchen, quartz counters, Miele/Viking appliances
• Security, 2 AC garages, sound system, central vac, new AC
• Meandering Pool, spa, spillover fountains, loggia, & summer kitchen
• Equity golf, tennis, fitness, spa/salon,70,000 sq ft clubhouse
13710 Pondview Circle

13710 Pondview Circle

13710 Pondview Circle

13710 Pondview Circle

13710 Pondview Circle

13710 Pondview Circle

13710 Pondview Circle

Mediterra Real Estate

Mediterra Homes For Sale

Mediterra Real Estate

Mediterra Homes For Sale

Mediterra Real Estate

Mediterra Real Estate

Mediterra Real Estate

Mediterra Homes For Sale

Marina-Bay-Club
Marina Bay Club

Marina Bay Club

Marina Bay Club
Marina Bay Club Of Naples – Breathtaking Vistas! From the moment you walk into this beautifully renovated and furnished 2 bed/2 bath condo, complete with covered parking/extra storage. This Boaters delight will surround you in nature’s beauty with wonderful, long bay, preserve, and gulf views. Over the natural preserve you see the Gulf of Mexico and the wonderful sunset skies while relaxing on your screened lanai. No expense has been spared in this professionally decorated piece of paradise, with quality furnishings, freshly painted, new carpeting, rich newer cabinetry, granite in the kitchen, stainless appliances, new vanities and renovated master bath with oversized shower. The Marina Bay Club of Naples, a gated waterfront community with onsite manager, offers deep water boat access with no bridges and only minutes to the Gulf (docks available for sale/lease), tennis, community/fitness center, bayside pool, a short bike ride to Vanderbilt Beach, and a short drive to all the wonderful shopping/dining Naples has to offer. A pleasure to see…you will not be disappointed!!! Priced to SELL!!13105 Vanderbilt Dr 13105 Vanderbilt Dr 13105 Vanderbilt Dr Naples Real Estate Naples Real Condos for sale 13105 Vanderbilt Dr Homes for sale in Naples Marina Bay Club Of Naples - Dining Room Marina Bay Club Of Naples Marina Bay Club Of Naples Marina Bay Club Of Naples - Tennis Marina Bay Club Of Naples Marina Bay Club Of Naples Marina Bay Club Of Naples