#greater fort myers real estate
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Exploring the Exquisite Houses in Naples: The Business of Grace Fox Homes in Fort Myers, Florida
Introduction:
Naples, Florida, renowned for its breathtaking beaches, luxurious lifestyle, and vibrant community, stands as a prime destination for those seeking to settle in paradise. Amidst this captivating locale, the real estate market thrives, offering an array of exquisite properties. One such notable player in this realm is Grace Fox Homes, based in Fort Myers, Florida, specializing in the business of crafting dream homes in Naples. In this article, we delve into the allure of houses in Naples and the remarkable endeavours of Grace Fox Homes, illuminating the fusion of elegance and expertise in the realm of real estate.
The Enchantment of Houses in Naples:
Nestled along the sun-kissed shores of the Gulf of Mexico, Naples boasts an enchanting blend of natural beauty and urban sophistication. From sprawling waterfront estates to quaint beachside cottages, the diversity of housing options caters to the discerning tastes of homeowners. The allure of Naples lies not only in its scenic vistas but also in its vibrant cultural scene, upscale shopping districts, and world-class dining establishments. Whether one seeks a serene retreat or a vibrant urban oasis, Naples offers an idyllic setting for luxury living.
Grace Fox Homes: Crafting Dreams in Fort Myers, Florida:
At the heart of the Naples real estate landscape is Grace Fox Homes, a distinguished player renowned for its commitment to excellence and unparalleled craftsmanship. Headquartered in Fort Myers, Florida, Grace Fox Homes has established itself as a premier builder of custom residences, embodying the epitome of luxury living. With a keen eye for detail and a passion for design innovation, Grace Fox Homes transforms visions into reality, crafting homes that epitomise elegance, comfort, and sophistication.
The Distinctive Approach of Grace Fox Homes:
What sets Grace Fox Homes apart is its unwavering dedication to client satisfaction and its distinctive approach to homebuilding. From initial concept development to the final stages of construction, the team at Grace Fox Homes collaborates closely with clients, ensuring that each home reflects their unique preferences and lifestyles. With a focus on quality craftsmanship and superior materials, Grace Fox Homes delivers residences that stand the test of time, exuding both style and substance.
Embracing Innovation and Sustainability:
In an era marked by environmental consciousness and technological advancement, Grace Fox Homes remains at the forefront of innovation and sustainability. Embracing eco-friendly building practices and incorporating cutting-edge technologies, Grace Fox Homes creates homes that not only exceed expectations in terms of aesthetics but also prioritize energy efficiency and environmental stewardship. From solar panels to smart home automation systems, each element is carefully curated to enhance both the living experience and the planet.
The Vision for the Future:
As Naples continues to evolve and flourish, so too does the vision of Grace Fox Homes. With a steadfast commitment to excellence and a passion for innovation, Grace Fox Homes look toward the future with optimism and determination. By embracing emerging trends in architecture, design, and technology, Grace Fox Homes aims to redefine the landscape of luxury living in Naples, setting new standards of excellence in the realm of real estate.
Conclusion:
In the tapestry of Naples' real estate market, Grace Fox Homes stands as a beacon of creativity, craftsmanship, and ingenuity. With a portfolio of exquisite residences that capture the essence of coastal living, Grace Fox Homes continues to inspire awe and admiration. As Naples remains a coveted destination for homeowners seeking to embrace the quintessential Florida lifestyle, Grace Fox Homes remains dedicated to fulfilling dreams and exceeding expectations, one home at a time.
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Find Your Perfect Property Match with Mike Anzivino's Personalized Approach to Real Estate
Are you tired of scrolling through endless listings and feeling like you'll never find your dream home? Look no further than Mike Anzivino, the Best Realtors in North Fort Myers who takes a personalized approach to finding the perfect property match for his clients. With years of experience and a passion for helping people achieve their real estate goals, Mike is dedicated to making the process as seamless and enjoyable as possible. Say goodbye to the stress and uncertainty of house hunting – let Mike guide you towards your ideal home with his expert knowledge and tailored solutions.
Introduction to Mike Anzivino and Real Estate Services
When it comes to finding your perfect property match, Mike Anzivino is the real estate agent you want on your side. With over 20 years of experience in the industry and a vast knowledge of the Greater Toronto Area, Mike is able to provide his clients with personalized service and attention to detail that is second to none.
Whether you're looking to buy your first home, sell your current property, or invest in real estate for the future, Mike will work with you one-on-one to ensure that all of your needs are met. He takes the time to get to know his clients and their individual circumstances so that he can provide them with the best possible advice and assistance.
If you're ready to start your search for the perfect home or investment property, contact Mike Anzivino today. With his expert guidance, you're sure to find the perfect match for your needs.
Benefits of Working with Mike Anzivino
As your real estate agent, Mike Anzivino will get to know you and your needs, so that he can find the perfect property match for you. He takes a personalized approach to real estate, which means that he will take the time to learn about your specific wants and needs in a home. This way, he can narrow down your search to properties that are the best fit for you.
In addition to finding the right property for you, Mike Anzivino will also work hard to get you the best possible price. He has a deep understanding of the real estate market, and he will use this knowledge to negotiate on your behalf. You can be confident that you are getting the best possible deal when you work with Mike Anzivino.
When you work with Mike Anzivino, you can expect excellent customer service throughout the entire process. He is always available to answer any questions you may have, and he will keep you updated on every step of the process. You can be sure that you are in good hands when you work with Mike Anzivino.
How Mike Anzivino Works to Find Your Perfect Match
When it comes to finding your perfect property match, Mike Anzivino takes a personalized approach. He believes that getting to know his clients on a personal level is the best way to understand their needs and wants in a home. This way, he can provide them with a truly custom experience.
Anzivino start off by asking his clients about their must-haves and deal-breakers in a home. From there, he gets an idea of their budget and what kind of property they are looking for. He then begins the search process, combing through listings and sending his clients only the properties that fit their specific criteria.
Throughout the entire process, Anzivino is available to answer any questions or address any concerns his clients may have. His goal is to make sure they are comfortable and confident with their decision before moving forward with anything.
If you're looking for someone who will really take the time to listen to your needs and help you find your perfect match, Mike Anzivino is your guy.
Conclusion
Mike Anzivino's personalized approach to real estate is a great way for you to find the perfect property match. His tailored services, knowledge of the local market, and commitment to client satisfaction have made him one of the most sought-after real estate agents in the area. Whether you’re looking for your dream home or a savvy investment opportunity, trust Mike Anzivino with all your real estate needs. He will work hard to exceed your expectations and make sure that you get exactly what you need!
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Ned Hale: Certified Real Estate Attorney in Fort Myers
Ned hale, ESQ. is the owner of Hale Law Services, P.A. Ned, a board certified Real Estate Attorney in Fort Myers. He holds a Bachelor of Arts degree from the University of Chicago, a Masters of Business Administration from the Illinois Institute of Technology, and a Juris Doctorate from Chicago-Kent College of Law. Since 2002 Ned has been teaching real estate law to realtors at the Realtor Association of Greater Fort Myers and the Beach.
Read More: https://halelawservices.com/about-us/
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Southwest Florida Is Growing: What That Means For Business
Forbes’ list of America’s fastest-growing cities in 2017 included 6 Florida metropolitan areas in the top 10. Actually, 5 of the top 6 cities on the list were Floridian. However, the most interesting part of the article for business owners in Florida was that Southwest Florida ranks #1 with Cape Coral-Fort Myers and North Port, Sarasota, Bradenton taking the #6 spots.
Cape Coral-Fort Myers Is Number One
The number one fastest growing area in the nation of Cape Coral-Fort Myers held the top rank for population growth in 2016 with 3.39%. The projected growth for 2017 was 3.61%, which would rank Cape Coral-Fort Myers number one again. Interestingly, these numbers are not just retirement age population growth either. A study from Curbed.com ranks the Cape Coral Area as the number 7 city in the country with growth in millennial population. It has grown by 11.7% since 2010. For the area job growth, Cape Coral-Fort Myers was ranked number 5 with 3.93%. However, the projected numbers for 2017 with an increase to 3.83% would put it in the number one spot.
North Port-Sarasota-Bradenton Is Ranked Number Six
For the North Port-Sarasota-Bradenton metro areas, they earned the overall #6 place in the nation. Their population growth and home price growth were the most notable. In 2016, the area saw a 2.67% increase, which ranked it number 3 in the country. The projected growth for 2017 was 2.59%, which would bring them to the number 5 rank. Home price growth was 11.97% in 2016 and is projected to have been 8.09% in 2017. Both of those numbers rank in the 4th position nationwide for 2016 & 2017. With real estate values growing year after year, business values are expected to follow suit.
What This Growth Means For Businesses
The fact that Southwest Florida is the fastest-growing area in the country means that great things are on the horizon for business owners here. With population growth comes the demand for services, restaurants, housing, retail shopping and jobs. Consequently, for business owners, population growth means a steady flow of new customers to the area. Furthermore, it gives more opportunities for new businesses to open, in order to serve all of these customers who have recently relocated. Also, as construction continues to boom, new businesses will be required to serve those areas that are newly developed. Additionally, the development of these areas serves as an opportunity for existing businesses to expand or new businesses to pop up.
How Business Owners Can Use This Growth To Their Advantage
Business owners who leverage this population growth to their advantage certainly stand to expand along with it. Capturing new customers as they move to the area is key. Competing for existing customers is harder because there may be switching costs, and existing businesses have greater information about their customers' preferences. Additionally, these new customers don’t have relationships with existing businesses and they aren’t tied into contracts either. Therefore, targeting any marketing to potential customers who have recently moved to the area is a smart move in these growing regions. These population increases will also mean more candidates for any job openings employers may have available, especially because a big influx to the area is the millennial generation.
Population growth, job growth, and housing price increases are all signs of a heathy economy. Businesses thrive in these conditions. The smart business owner is the one who recognizes the opportunities and capitalizes on them...
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lititz mutual insurance reviews
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lititz mutual insurance reviews
lititz mutual insurance reviews, and we think you will enjoy this information so that you can make the best decisions. With so many companies to choose from, there’s something for everyone, so we’ve done the research to determine which company will give you the coverage you need and at what price. We will compare quotes so you know you’re making the best decision for yourself for the amount of coverage you want. As always, we want you to enjoy now and get informed on insurance that better suits you and your pocket. We take a look at each company’s market ranking system and recommend that you visit it. Most Americans have the option to buy coverage from state-sponsored insurance agencies such as State Farm. Some also have access to multiple insurance companies through a private group policy. In an effort to ensure that everyone has the best deal for the lowest price possible, here’s what you can get into if you need to change your insurance provider. You have the option to switch. lititz mutual insurance reviews. If you’re looking for an experience like the one at Auto-Owners Insurance and Insurance Agency, is just a call away! Auto-Owners Insurance Company (and Auto-Owners) is a part of the Auto-Owners Group of companies, which encompasses auto and home insurance products, real estate and business services, and a variety of other financial services. For more information or changes you need to make, get your auto insurance quote in one of our conveniently-located agencies. Auto-Owners is an insurance firm in North Carolina, primarily a part of the AAA franchise. There are many insurance options and some of them won’t have your benefits covered. The company doesn’t offer many discounts, which can keep rates from increasing if you’re at fault. It relies on a variety of other types of insurance, including personal umbrella insurance, motorcycle insurance, and homeowner’s insurance in general. Auto-Owners is known. lititz mutual insurance reviews, rating, insurance provider and others. To learn more, be sure to go over our top picks for cheap car insurance in Philadelphia. Enter your zip code in for a free quote and compare quotes online today! There is much controversy surrounding the rate of car insurance claims after the September 2016 reports that the cost of insurance is going down. The number of unaffilled claims for car insurance claims in Philadelphia plummeted to -622, and there was still talk of an increase in claims for automobile insurance. Car insurance providers can use the increase in claims when determining a rate of claims. While rates have crept up during recent years to, on the whole, have remained above the national average, the national average premium on a 2013 Toyota Camry is $4,749, Philadelphia and Pennsylvania drivers are paying an average of $4,200/year. However, those annual rates are much higher for than for a standard vehicle, while a newer model car is generally the cheapest to insure. For.
Where does Lititz Mutual Insurance Company do business?
Where does Lititz Mutual Insurance Company do business? Lititz Mutual Insurance Company is based in Fort Myers, Florida, and is currently serving the insurance needs of the Greater Palm Beach Gardens community. The company has over 50 years of combined auto and home insurance market success in the industry, which includes more than 50 independent insurance agents in Fort Myers, Florida. As our team continues to grow in our efforts to provide superior customer service, we will become a more recognized and valued local agency. The company also recently began partnering with local insurance agencies, providing services at a more affordable price. We hope you will see our banner next to our auto insurance agent website to stay informed of this exciting product new to you. It’s definitely worth checking out Lititz Mutual Insurance Company. We pride ourselves on having the most complete insurance products in Florida at an affordable cost. We strive to have you stand out from the crowd and enjoy the best of both worlds. From homeowner’s insurance to boat and motorhome coverage, we have the comprehensive coverage you’.
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Major Home Expenses and How to Cut Them
A lot of people are feeling the economic pinch that’s come on as a result of the coronavirus pandemic. It’s only normal to look for ways to reduce major home expenses. Considering how considerable an expense owning a home can be, identifying major expenses related to homeownership and finding ways to reduce them can be a very good move to make.
Major Home Expenses and How to Cut Them: Insurance
Carrying homeowners insurance isn’t technically a legal requirement. Depending on what the terms and conditions of your mortgage are, you still may be obligated to carry it. Obligations or no, having homeowners insurance is smart, though it can cost a pretty penny. Fortunately, you may be able to reduce how much you pay for it. Some insurance companies will discount the cost of insurance if you have a good credit score. If you don’t have a good one, take steps to improve your credit score. Take a closer look at your policy while you’re at it. Make sure you aren’t paying for more coverage than you need. It doesn’t hurt to shop around for better rates either.
Utilities
Utilities are a normal part of owning a home. If you use them a lot, though, you could feel like you’re paying an arm and a leg each month. In extreme circumstances, you may find yourself debating between paying for electricity and other necessities. The simple solution to reducing these costs is to use less of your utilities. Even something as simple as turning off the lights and shutting off faucets when they aren’t being used can add up and make a difference. Adjust where you set the thermostat and your water heater for greater savings. If you live somewhere with ample sunlight, consider installing solar panels. Homeowners who use a lot of electricity tend to benefit most from solar panels.
Major Home Expenses and How to Cut Them: Mortgage
Homes are arguably the biggest expense most people will have in their lives and therefore require financing. Paying back your mortgage isn’t optional, but depending on where you’re at you may qualify to refinance it. Refinancing your mortgage gives you a few options. First, you can reduce the term of the loan. This will increase your monthly payments, but you’ll have it paid off sooner which frees up the money that was going towards the payment. Second, you can extend the term of the loan. This can decrease your monthly payments, giving your more breathing room in the short term, but will likely result in you paying more in the long run. Third, you may be able to negotiate for a better interest rate, which can save you money. Which option works best will depend on your specific circumstances.
Owning a home is expensive, and finding ways to reduce those expenses can be one of the better ways to find some breathing room in the household budget. Insurance, utilities, and the mortgage are some of the major expenses. Find ways to reduce these and other household costs to make it easier to live within your means.
Read this next: How to Make Your Home Renovations Pay Off
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
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New Listing - 3 weeks online
1 / 23
$275,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,622
SQFT
1731 Coral Point DrCape Coral, FL 33990Coral Point Unrec Subdivision
New Listing - 4 weeks online
1 / 27
$169,900
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,436
SQFT
718 Lady Bird LnNorth Fort Myers, FL 33917Twin Brooks Estates Subdivision
Price Change - 2 weeks ago
1 / 6
$68,400
Land For Sale
Pending
0.23
ACRES
LEE
COUNTY
1817 NE 23rd AveCape Coral, FL 33909Cape Coral Subdivision
1 / 29
$147,900
Townhouse For Sale
Pending With Contingencies
2
BEDS
2
TOTAL BATHS
1,260
SQFT
Parkwoods Townhouse Community #412336 Woodrose Ct 4Fort Myers, FL 33907
New Listing - 4 days online
1 / 22
$169,900
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,348
SQFT
8145 Ebson DrNorth Fort Myers, FL 33917Suncoast Lakes Unrecorded Subdivison Subdivision
New Listing - 2 weeks online
1 / 25
$225,000
Single Family Home For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,269
SQFT
327 SE 47th StCape Coral, FL 33904Cape Coral Subdivision
1 / 24
$259,900
Multi-Family For Sale
Pending With Contingencies
4
BEDS
4
TOTAL BATHS
5148-5150 24th St SWLehigh Acres, FL 33973Lehigh Acres Subdivision
1 / 25
$134,900
Mobile Home For Sale
Active
2
BEDS
2
TOTAL BATHS
918
SQFT
19847 Eagle Trace CtNorth Fort Myers, FL 33903Pine Lakes Country Club Subdivision
1 / 28
$275,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,878
SQFT
2552 NW 20th PlCape Coral, FL 33993Cape Coral Subdivision
New Listing - 4 weeks online
1 / 16
$199,900
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,306
SQFT
207 Gordon Ave NLehigh Acres, FL 33971Lehigh Acres Subdivision
1 / 9
$235,000
Multi-Family For Sale
Pending
4
BEDS
4
TOTAL BATHS
1108/1110 Hightower Ave SLehigh Acres, FL 33973Lehigh Acres Subdivision
New Listing - 4 weeks online
1 / 9
$225,000
Multi-Family For Sale
Pending
4
BEDS
4
TOTAL BATHS
2101/2103 Park RdLehigh Acres, FL 33971Lehigh Acres Subdivision
New Listing - 8 hours online
1 / 2
$39,900
Land For Sale
Active
0.258
ACRES
LEE
COUNTY
3509 NW 7th TerCape Coral, FL 33993Cape Coral Subdivision
New Listing - 5 days online
1 / 34
$279,900
Multi-Family For Sale
Active
4
BEDS
2
TOTAL BATHS
18693/697 Bartow BlvdFort Myers, FL 33967Fort Myers Subdivision
1 / 7
$199,900
Land For Sale
Active
0.914
ACRES
LEE
COUNTY
17107 Serengeti CirAlva, FL 33920Serengeti Subdivision
1 / 35
$999,900
Single Family Home For Sale
Pending With Contingencies
4
BEDS
4
TOTAL BATHS
3,786
SQFT
17301 Palm Beach BlvdAlva, FL 33920Alva Subdivision
1 / 19
$140,000
Single Family Home For Sale
Pending
3
BEDS
1
TOTAL BATH
1,317
SQFT
311 Alabama Rd SLehigh Acres, FL 33936Lehigh Acres Subdivision
1 / 29
$119,900
Single Family Home For Sale
Pending With Contingencies
2
BEDS
2
TOTAL BATHS
920
SQFT
118 Andros StLehigh Acres, FL 33936Lehigh Acres Subdivision
Price Change - 6 days ago
1 / 34
$119,000
Mobile Home For Sale
Active
2
BEDS
2
TOTAL BATHS
826
SQFT
4915 Needlefish LnSt. James City, FL 33956Pine Island Cove Subdivision
1 / 22
$165,000
Villa For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,341
SQFT
444 Bethany Village CirLehigh Acres, FL 33936Villages of Bethany Subdivision
1 / 18
$175,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
1,321
SQFT
710 Leeland Heights Blvd ELehigh Acres, FL 33936Willow Lake Subdivision
1 / 27
$239,999
Single Family Home For Sale
Pending
4
BEDS
3
TOTAL BATHS
1,967
SQFT
223 Jefferson AveLehigh Acres, FL 33936Lehigh Acres Subdivision
1 / 10
$239,999
Multi-Family For Sale
Pending
6
BEDS
4
TOTAL BATHS
617/619 Hawthorne Ave SLehigh Acres, FL 33974Lehigh Acres Subdivision
1 / 1
$64,900
Land For Sale
Active
0.25
ACRES
COLLIER
COUNTY
205 S 2nd StImmokalee, FL 34142Immokalee Industrial Park Subdivision
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The post Major Home Expenses and How to Cut Them appeared first on Steelbridge Realty LLC.
from Steelbridge Realty LLC https://northfortmyersonline.com/2021/03/06/major-home-expenses-and-how-to-cut-them/
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Matterport Miami- the Best Camera Collection is here
Can’t convince your customers to purchase your property yet? Real Estate Photography is very useful to create visitors to your website which deals with property management and dealings. The property looks more advanced and attractive when it blends with advanced technology. The new technologies make your presentation more visible and appealing. The newest technology helps you to highlight your property. The professional photographers are extremely good as they provide high-quality services with greater efficiency in their work. The business and brand get more revolutionized with modern facilities in photography. The amazing photo-shoots for Matterport Fort Myers performed by them are very achieving and support your business.
Services provided by Real Estate Photography Sarasota
The services provided by Real Estate Photographers in Sarasota are very convenient as they provide high-quality services at affordable rates. The professional photographers make excellent edits and use efficient equipment to enhance the quality of the image. Here are some services provided by Real Estate Photography Sarasota:
· Matterport 3D design is done by efficient photographers who capture valiant images and make excellent designs.
· A gallery of pictures is listed on your business website.
· A movie camera is used to make videos of the property.
The relevance of Matter port Miami
The Matterport Miami is very renowned as provides efficient services to the customers with high-quality 3D designs of your house. The photographers use 4K colors, which are vivid in nature. The image of the property looks like a dollhouse. The floor plan is very interactive as it is made by 2D technology. The image is an open house where you can get every detail about the rooms on every floor along with the bathroom and the kitchen. The entire room is focused on it. The Matterport Fort Myers is also very well-known as it has excellent Matterport designers and photographers. The information about the Matterport designers is available on the Internet.
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Mike Anzivino: The Best Realtor In Fort Myers Beach For All Your Real Estate Needs
Are you looking for the Best Realtors in Fort Myers Beach to buy or sell property? Look no further than Mike Anzivino! With a wealth of knowledge and experience in real estate, Mike is the go-to expert if you want to find the perfect home or commercial space. In this article, we'll explore what makes Mike the Best Realtor in Fort Myers Beach and why you should work with him for all your real estate needs.
Introduction to Mike Anzivino
If you are looking for a real estate agent in Fort Myers Beach, Mike Anzivino is the best choice. He has been working in the real estate industry for over 20 years and has a wealth of knowledge and experience. He is a native of Fort Myers Beach and knows the area well.
Mike Anzivino is a highly experienced and successful real estate agent. He has closed hundreds of transactions totaling over $100 million in sales. He has represented both buyers and sellers in all types of transactions including residential, commercial, land, new construction, and short sales. He has an in-depth knowledge of the real estate market in Fort Myers Beach and can help you find the perfect property to meet your needs.
When you work with Mike Anzivino, you can be assured that you are working with a knowledgeable, experienced, and successful real estate agent who will put your needs first. Contact Mike today to discuss your real estate needs.
Services Provided By Mike Anzivino
When it comes to real estate, Mike Anzivino is the Best Realtors in Fort Myers Beach. He has over 25 years of experience and has closed over 2,000 real estate transactions. He is a top-producing agent and has been recognized by the Realtor Association of Greater Fort Myers and the Beach for his production, sales volume, and customer service.
Mike Anzivino specializes in residential real estate, including single family homes, condos, townhomes, and villas. He also works with investment properties and vacation rentals. His goal is to provide his clients with the best possible service and to help them find the perfect property that meets their needs.
If you're looking for a realtor in Fort Myers Beach who can help you with all your real estate needs, contact Mike Anzivino today.
Benefits of Working With Mike Anzivino
If you're looking for a top-notch realtor in Fort Myers Beach, look no further than Mike Anzivino. With years of experience in the industry, Mike has the knowledge and expertise to help you buy or sell your home. He's also a great negotiator, so you can rest assured that you're getting the best possible deal.
But that's not all! Mike is also a strong advocate for his clients, and he always has their best interests at heart. He'll go above and beyond to make sure you're happy with your purchase or sale, and he'll do whatever it takes to get the job done right.
So if you're ready to work with a true professional who will always have your back, contact Mike Anzivino today. You won't be disappointed!
Tips for Choosing the Right Realtor
If you're looking for a realtor in Fort Myers Beach, there are a few things you'll want to keep in mind. Here are a few tips to help you choose the right realtor for your needs:
1. Make sure they're experienced. You'll want to work with a realtor who knows the area well and has plenty of experience helping people buy and sell homes.
2. Ask for recommendations. Talk to friends, family, and others who have bought or sold homes in the Fort Myers Beach area and get their recommendations for realtors.
3. Do your research. Once you have a few names, do some research on each one. Check out their websites, read online reviews, and call them to ask questions about their services.
4. Choose someone you're comfortable with. Buying or selling a home is a big decision, so you'll want to work with someone you feel comfortable with and who you can trust to help you through the process.
Conclusion
Mike Anzivino is the Best Realtors in Fort Myers Beach for all your real estate needs. His years of experience, deep knowledge of the local market, and dedication to providing excellent customer service make him the ideal choice when it comes to buying or selling a home in this wonderful area. With Mike Anzivino on your side, you can be sure that your next real estate transaction will go smoothly and efficiently from start to finish.
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Buyer Traffic Rising as Real-Estate Agents Report Concern Over Mortgage Rates, Inventory
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Just when you thought the housing market couldn’t get any hotter, the prospect of rising mortgage rates had buyers even more frenzied in March, according to a report out Friday.
The monthly survey of real estate agents from Credit Suisse showed that an index of buyer traffic around the country rose 2 points to 50, on a scale where 50 indicates a neutral reading. As always, there was great regional variety, but as Credit Suisse put it, agents’ commentary “remains centered on pent-up demand, especially in more affordable price points, given the persistent inventory shortage.”
The threat of rising mortgage rates is also starting to be felt. That “got many buyers off the fence,” as one survey respondent in Houston said. In 36 metro areas Credit Suisse surveys, 23 said incoming rate increases were motivating buyers. Still, as one Seattle real estate agent put it, “Rate increases are causing a sense of urgency, but there is not enough inventory to sell.”
And Credit Suisse also made note of a theme that’s starting to gain as much traction as the notion of scarce inventory: “In several markets spanning the Southern U.S., agents noted in-migration – driven by employment and lifestyle changes – is supporting ongoing gains in traffic as we move into spring.” That’s a theme MarketWatch has covered recently.
And for buyers who can’t move across the country for more reasonable prices, Credit Suisse’s survey found more house-hunters going back to a tried-and-true way of landing more affordable housing. What they call “a greater willingness among buyers to move further out to the periphery” was known as “driving until you qualify” a decade ago.
Here are some selected local highlights from the March survey, along with Credit Suisse’s proprietary traffic index data for each.
City Traffic index Comments Boston 36 “Continued shortage of available inventory is leading some buyers to abandon their search.”
“Rising prices and the uptick in interest rates are pushing the bottom tier out of the marketplace.” “Buyers looking at homes in further out areas in order to compete with rising rates.”
Chicago 38 “First-time and move-up buyers are coming on strong while the luxury buyers are languishing.”“Buyer optimism amidst low levels of inventory.” Denver 46 “Prices being bid up well beyond the list price.” Fort Myers 50 “Clients appear to feel more confident in the economy.”
“Colder weather in the Northeast states driving more snowbirds to the area.”
Houston 54 “Continued corporate relocations to the area.” Inland Empire, California 25 “Rates causing buyers to purchase smaller or older homes, or move further out.”
“Buyers will purchase what they can afford given rising rates; homes will be smaller and locations outside of previously considered areas.”
Jacksonville 75 “Good economy and still affordable price points.”
“Corporate growth in the area.”
Las Vegas 38 “Open house traffic much higher than last year and more interest in entry level homes.”
“People moving to the county in droves!”
“Higher prices and shortage of available inventory.”
Miami 30 “Lenders tight on buyer qualifications and property conditions.”
“First-time buyers concerned over rising rates although higher end buyers more motivated to purchase.”
Minneapolis 63 “Clients that have been dragging their feet now cannot afford as much.” Nashville 21 “More people moving into the area.”
“Seeing an increase in seller paid closing costs and additional financial assistance on behalf of buyers.”
New York-Northern New Jersey 47 “Many buyers interested in purchasing homes outside the state, in places like North Carolina.” Phoenix 71 “Buyers willing to go further out to get a larger home.” Raleigh 67 Lack of inventory and frenzied buying.”
“Some buyers moving towards variable rate mortgage products offered by credit unions.”
Sacramento 77 “More people and companies moving to the area.”
“Buyers are lowering their expectations, sacrificing either square footage or location to meet price points.”
San Antonio 60 “Retirees looking to move to the area due to the climate and the fairly low cost of living.”
“Buyers qualifying for lower amounts.”
San Diego 46 “Buyers more concerned with HOA fees than rates.”
“Seeing movement to lower priced areas if anything is available.”
“Buyers willing to move further from the city.”
Virginia Beach 50 “Large influx of low quality new construction which is outperforming the sales of existing homes.”
“Buyers having sticker shock over rising home prices.”
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Real estate industry: confidence is high
Premier Sotheby’s International President Budge Huskey is confident in the 2019 residential real estate market.
In some markets in the region, the power has shifted to the buyer — hello, more inventory. But from Naples to Tampa, real estate agents ooze optimism.
While some real estate professionals and brokers along the Gulf Coast welcome a market they say is returning to normalcy in 2019, there is nothing routine about the sale at 2500 Gordon Drive in Naples.
The buyer of that house, a land trust, paid $48.8 million in June for the six-bedroom, nine-bathroom mansion, in Naples’ tony Port Royal neighborhood, according to property records. Even more abnormal: The owners tore down the 24-year-old house in November, choosing to rebuild another mansion on the site, which includes 5 acres of Gulf of Mexico waterfront.
“There were plenty of people who wondered, ‘Why would you need to tear that down, it’s a beautiful home?’” says Premier Sotheby’s International President Budge Huskey, a longtime area real estate executive. Now based in Naples, he’s also run residential real estate brokerages in Sarasota and New Jersey. “But they [the buyers] thought the only way they could get the house they wanted was to build it there. So they basically paid $48.8 million for a vacant lot.”
While the Gordon Drive teardown is an unusual — but not a singular — occurrence, it does illustrate one side of the residential real estate market, say several real estate executives. That side is that for many market pockets, luxury sales remain on the rise — both in volume and sale price. That’s despite a potpourri of obstacles, from inventory increases to stock market volatility to interest rate uncertainty.
Issue. Residential real estate
Trend. Market could be softening in some pockets.
Challenge. Work with sellers to price properties correctly to fit market.
“(Last year) was a story of the luxury sector, with the percentage increase in sales of homes above $2 million in Naples and Sarasota far exceeding the pace of the market overall,” says Huskey “The performance of that price category was heavily influenced by new construction and, particularly, closings of newly completed condominium projects.”
A deeper look at three markets in the region — Tampa-St. Petersburg-Clearwater; Sarasota-Bradenton; and Fort Myers-Naples — reveals several other core themes. One, the Gordon Drive project notwithstanding, is the market, after a lengthy run-up is, in some cases, flattening out. And to some, that’s OK.
“People would sometimes rather look at an accident than regular traffic, but we are moving from an abnormally strong market to a more normalized market. That’s been a pronounced shift,” says Michael Saunders & Co. President Drayton Saunders, speaking specifically on the Sarasota-Bradenton-Lakewood Ranch areas. “The market has had a lot of pent-up demand. That has leveled off.”
Sarasota-Bradenton
In the Sarasota-Bradenton region, at least going into 2019, the market took a noticeable dip. Closed sales in the two-county area fell by 14.4% in December 2018 over 2017, according to Realtor Association of Sarasota-Manatee data.
‘We expect this year to be better than 2018 for residential home buyers and sellers.’ Bryan Guentner, RE/MAX Platinum Realty of Florida, Sarasota/Osprey
Prices, for most part, also were in drop mode. The median price of a single-family home in Manatee County fell 2.7% from the highest median price in 2017, to $309,000, the association reports. The median price of a single-family home in Sarasota, meanwhile, rose 3.6%. Condo prices were down in both counties: In Sarasota it fell 12%, to $220,000, and in Manatee the median condo sales prices fell 2.6%, to $190,000.
More drops: Single-family home sales in in Manatee County decreased by 1.6% year-over-year, while condo sales fell 17.2%. And Sarasota single-family home sales fell 17.5%, while condos dropped 26.6%, the data shows.
The flip side, inventory, impacting pricing, rose 4.6% in Manatee County and16.9% in Sarasota County. A drop in sales combined with a gain in inventory is normally a recipe for a sour market. But several industry executives caution against overreacting to the most recent data.
“We have started the year with more inventory than last year,” says Saunders, citing places like east Manatee County going through a new homes mini-boom. “But it’s not out of whack with demand.”
Saunders also says the return to normalcy, in many cases, provides lower prices and a “better narrative for the buyer this year over last year.” Amy Worth, president of the Realtor Association of Sarasota-Manatee, in a statement, adds that a “rise in inventory is great for buyers who were previously unable to weigh their options.”
Huskey, who helps oversee Premier Sotheby’s International offices in Florida and North Carolina, says inventory can often be misleading, in there “are really two different inventories in every market.” On one side, he says, are homes in “quality condition and priced appropriately.” On the other side are homes where sellers are living like it’s 2015 and 2016 — when price appreciation was jumping. Like Saunders, Huskey looks at this nugget as a return to normalcy.
“There is a minor revaluation of assets occurring at this time in both the equity markets and in real estate following years of greater than normal growth,” Huskey says. “Accordingly, perhaps the greatest challenge is working with sellers to position properties properly and to adjust expectations on price.”
Like many others in real estate, Huskey, Saunders and Worth are confident in 2019. Worth cites mortgage rates that are down, drawing more people into the market, including first-time buyers. Huskey and Saunders cite the long-term draw of Florida as a great place to live with no personal income taxes — factors that can overcome a government shutdown or stock market upheaval.
And Bryan Guentner, owner of RE/MAX Platinum Realty of Florida in Osprey, in south Sarasota County, says “the halo of continued area population growth,” in the region will provide an ongoing boost for the market against obstacles.
“Sarasota Gulf Coast real estate market conditions are unique, and barring unforeseen economic circumstances, we should see nice real estate sales growth," says Guentner. "We expect this year to be better than 2018 for residential home buyers and sellers.”
NAPLES-FORT MYERS
Through 2018 and into 2019, there has been little sign of a slowdown in residential development growth in Southwest Florida.
From southern Charlotte to eastern Collier counties, entire new towns and new mega-communities address both the growing need for value-priced homes and the continuing appetite for estate properties. Thousands of residences have been approved and are awaiting construction.
Sales are up, as are prices, in Lee and Collier. Lee County saw a 7.9% gain in single-family closed sales in 2018 over 2017 at 13,388, while Collier closed sales increased by 11% at 9,771. Median sales prices in Lee County rose over the prior year by 3.1% at $251,000 and increased by 3% in Lee County at $339,000. Condo sales also gained, up 12% to 5,003 in Collier and 7% to 6,644 in Lee County, according to MLS data.
File. Randy Thibaut, president and CEO of residential land brokerage and services firm Land Solutions, says 2019 will be strong for home construction.
"We are still a very appealing destination nationally," says Ryan Benson, principal of A. Vernon Allen Builder and president of the Collier Building Industry Association. "I believe that’s the natural characteristics we have here (that) will continue to maintain overall demand."
That popularity is reflected in continued strength in new construction. In Collier County, the town of Ave Maria, for example, surpassed 200 home sales for 2018 in November, exceeding the 2,000 rooftop mark overall. Entitled for more than 9,000 homes plus 1.8 million square feet of commercial space, Barron Collier Co. continues to bring the 4,000-acre town to life on the edge of the Everglades, 19 miles east of Interstate 75.
Straddling northern Lee and southern Charlotte counties, the 18,000-acre town of Babcock Ranch surpassed 250 home sales in December, on its way to a planned 19,500 units. And in between those communities, 2018 brought announcements of the development of WildBlue, a 3,000-acre, 1,000-home community; and CenterPlace, with 1,950 residential units both near Florida Gulf Coast University.
And that’s only to name a few.
‘The good news for Southwest Florida for 2019 and 2020 is clearly we’re not going to have a bust in the single-family housing market. We are not in an overbuilt situation.’ Randy Thibault, Land Solutions
The number of permits pulled in 2018, says Randy Thibaut, president and CEO of residential land brokerage and services firm Land Solutions, suggest a strong 2019 for home construction.
“We were surprised and happy to see that we saw permits increase in 2018 for single-family and multifamily,” says Thibaut. “We had expected to see some flattening in 2018, which didn’t quite show up, but we expect in 2019 that there will be a little softening in the total permits.”
Thibaut expects 2019 will bring a conflict between the latter stages of a housing boom versus the growing need for value-priced housing. But the outlook remains bright for developers that have either established their models or shifted them toward homes in the $250,000 range.
"Inventory for single-family homes under $500,000 increased the most in 2018, which is good news for buyers who don’t necessarily require a home within walking distance of the beach," says Kathy Zorn, broker-owner of Better Homes and Gardens Real Estate Pristine in Naples. "In fact, the highest increase in inventory for 2018 was 34%, and it appeared in the under $300,000 single-family homes category."
Thibaut also sees growth in Cape Coral and Lehigh Acres. Builders there have joined Ave Maria and Babcock Ranch in drawing workforce families being forced out of Naples, Estero and Bonita Springs by higher prices. “The big master-planned communities are long-term plays, and the good news for Southwest Florida for 2019 and 2020 is clearly we’re not going to have a bust in the single-family housing market,” says Thibaut. “We are not in an overbuilt situation.”
Construction of luxury high-rise condominiums will also remain strong this year, Thibaut predicts.
“If you build it, they will come,” says Thibaut. “The luxury condo high-rise will continue to thrive simply because there was a decade with no new product built and pent-up demand among an age group looking to move out of single-family and into a luxury condo that offers the view and all the amenities.”
TAMPA-ST. PETERSBURG
Don and Sarah Howe, of Howe Property Group in St. Petersburg have seen zero slowdown in the market. With an average sale price of $1 million, they specialize in luxury condos, town homes and single-family homes in downtown St. Pete, Old Northeast, Tierra Verde and Pinellas County’s beach communities.
“We’re very bullish on the market, by any metric,” says Don Howe. “Inventory is up year over year, as much as 15%. It’s not to the level that it had been, but it’s still on the rise, and values continue to rise.”
Don and Sarah Howe of Howe Property Group in St. Petersburg. Courtesy photo.
Coastal Properties Group International, Howe Property Group’s brokerage group, backs up that statement. The firm totaled $917 million in volume in 2018 on 1,939 transactions.
Howe says downtown St. Pete’s emergence as a walkable cultural oasis has been a big driver of condo sales. He mentions a couple from Chicago who were “exclusively” looking for a waterfront condo on the beach, yet changed their criteria when Howe showed them around the Sunshine City. “Now they’ve completely switched gears,” he says.
And with the new pier opening up later in 2019, Howe predicts downtown St. Pete will remain an easy sell. “They’re coming to St. Pete because of the hip factor,” citing sales to buyers from San Francisco, Singapore and London. “People from far and wide who otherwise would have shopped around in Sarasota or Naples.”
Socioeconomic trends also buoy sales, says Howe. “We’re a warm-weather, low-tax state. There’s just a constant influx of people — white collar, blue collar, whatever.”
The broader Tampa Bay metro area, as well, is healthy when it comes to home sales, says Mark Metheny, president of the central Florida division for Miami-based Lennar, one of the largest builders in the country and region.
‘We still appear to be behind the supply/demand curve. The Tampa Bay market is creating more jobs and households than it is building new homes and apartment. Mark Metheny, Lennar
Like other builders, Lennar has been active in south Hillsborough County. Metheny says the area has a diverse range of shoppers looking for everything from high-end waterfront homes and active-adult communities to first-purchase residences. The company is busy in the Paso market, too.
“We still appear to be behind the supply-demand curve. The Tampa Bay market is creating more jobs and households than it is building new homes and apartments,” he says. “Tampa Bay is growing and new homes are being occupied by full-time residents, so there is no ‘peak’ like we saw in 2006.”
Howe echoes that view, saying sales to flippers have been minimal. “Lending procedures have gotten very stringent, and appraisals are coming in tight,” he explains. “You’ve got to work really hard to demonstrate value; you’ve got to show comps; you can’t just throw a number out there and get away with it.”
(Mark Gordon, Brian Hartz and Andrew Warfield contributed to this story.)
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How to Make Smart Investments in Your New Home
By becoming a homeowner, you’ve begun to acquire what could be a significant asset. Of course, a home isn’t an asset until it makes you money. To increase the chances of your new home making you money, focus on making smart investments.
How to Make Smart Investments in Your New Home: Energy Savings
Everyone loves a bargain. You can invest in your home and create your own bargain by focusing some of your efforts on creating energy savings. Over time this can save you money on your monthly electricity bill. That might come in the form of energy efficient appliances, light bulbs, heating and cooling systems, alternative forms of energy, or a combination of the above. Solar panels are becoming an increasingly popular source of energy savings. Of course, it’s important to decide if solar is right for you before you go adding it to your house. It might be a good fit for you, but on the other hand, it might not. You don’t want to be paying for a system that isn’t working for you.
Waterproofing
A home is arguably the biggest purchase you’ll make during your lifetime. As such, it’s important to take steps to protect it from damage. One of the ways you can do this is by waterproofing your home. Standing water that isn’t quickly cleaned up can lead to expensive repairs later. Keep in mind that waterproofing is different from damp proofing. Damp proofing protects your home against soil moisture. If you need to protect your home against greater levels of water, you’ll need to go beyond damp proofing to waterproofing.
How to Make Smart Investments in Your New Home: Upgrading Your Kitchen
Kitchen upgrades are popular for a reason. Kitchens are often considered the heart of a home. It’s where cooking happens, casual dining takes place, and where people can simply bond over good food. There’s a good chance that you’ll spend a lot of time in your kitchen, so it’s important to make it one that works for you. Consider the layout. Does it make sense and create a good flow? Do you have enough light to work safely? Do you have the space you need? If the answer is no, you might want to invest some time and money into fixing that.
Your home is an important investment in your life, and one that will hopefully pay off down the road. Make smart investments in this investment by prioritizing energy savings, protecting it through waterproofing it, and upgrading your kitchen. These improvements will make your home more enjoyable for you to live in and help you get the most out of your home.
Looking for a new home to invest in? Find one in our listings!
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
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2640 Saint Charles StFort Myers, FL 33916EVANS ADDITION Subdivision
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Palm Frond Condo #2B1165 Palm Ave 2bNorth Fort Myers, FL 33903
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Commercial real estate in greater Naples, Fort Myers: Three emerging trends - The News-Press
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The Screwed Millennial Generation Gets Smart
Its been seven years since I wrote about the screwed generation. The story told has since become familiar: Millennials, then largely in their twenties, faced a future of limited economic opportunity, lower incomes, and too few permanent, high-paying jobs; of soaring college debt and structural insecurity (PDF). The Census Bureau estimates that, even when working full-time, they earn $2000 less than the same age group made in 1980 (PDF). More than 20 percent of people 18 to 34 live in poverty, up from 14 percent in 1980 (PDF).
Incredibly, many pundits applauded these conditions and credited millennials, forced by economic circumstances into difficult choices, for fulfilling the old boomer dreams that the boomers themselves had long since abandoned of a less materialistic, greener future in dense and heavily planned urban environments.
The environmental magazineGristenvisioned a hero generation that will escape the material trap of suburban living and work that engulfed their parents. We know the financial odds are stacked against us, and instead of trying to beat them, wed rather give the finger to the whole rigged system, the millennial author concludes. An editor at the same magazine declared herself a part of the GINK generation (as in green inclinations, no kids) that she said meant not only a relatively care-free and low-cost adult life, but also a lot of green good that comes from bringing fewer beings onto a polluted and crowded planet.
It has been often asserted that millennials (defined as the generation born between 1982 and 2002) do not want to buy homes or live in suburbia; Fast Company, saw this as an evolution of consciousness. The Guardian declares that millennials are refusing to accept the economic status quo while Wall Street looked forward to profiting from the idea that millennials will be satisfied to live within a rentership society (PDF).
But millennials, as noted in a new paper from Anne Snyder and Alicia Kurimska, arent embracing downward mobility but rather are increasingly creating their own aspirational strategies (PDF). Some are doing this consciously by ignoring the wise planners and establishing homes for themselves in suburban and Sun Belt locales once considered insufficiently hip.
Despite the hype from the press and urban planners, millennials are following in the footsteps of previous generations by locating on the periphery major metropolitan areas and Sun Belt cities, most of which are simply agglomerations of suburbs.
This pattern seems certain to accelerate as millennials enter their thirties, the age when contemporary populations tend to marry, settle down, and have children. To be sure, notes Pew, more 18- to 34-year-olds now live with their parents than with spouses or significant others for the first time since the question was first asked in the 1880s. But when they do leave the nest, albeit later than in previous generations, they are becoming adults whose collective decisions are notso different from those of their parents.
Their searches for homeownership and procreation reflect this trend. It turns out that millennials did not reject homeownership because of their enhanced social consciousness, but because of high prices and low incomes. In survey after survey, the clear majority of millennialsroughly 80 percent, including the vast majority of rentersexpress interest in acquiring a home of their own. A Fannie Mae survey of people under 40 found that the vast majority thought owning made more financial sense, a sentiment shared by an even larger share of owners (PDF). They cited such things as asset appreciation, control over the living environment, and a hedge against rent increases.
Homes and families will change many millennials, much as they changed previous generations.
As generational researchers Morley Winograd and Mike Hais have long pointed out, millennial attitudes about family and their preferred future remained fundamentally mammalian and surprisingly conventional, albeit with a greater emphasis on gender equality. The vast majority of millennials, according to Gallup and others, want to get married and have children. Their top priority, according to Pew, is to be good parents.
The average millennial is now in their late twenties, and will be well into their thirties by the end of the decade. Already, 16 million millennials have had children, up from barely 6 million a decade ago, a number that is likely to soar in coming years, particularly if this group continues the recent trend of more women, and especially better educated ones, having children in their forties.
Despite endless talk about millennials as the group triggering a back to the city movement, census data shows that their populations in many core cities are stagnating or declining. In April 2016, the real estate website Trulia found that millennials were rushing out of expensive cities, with the group making up roughly a quarter of the population in New York and Washington, D.C., but accounting for half of all departures from them.
Its report concludes: To summarize, those who earn very little income, those who work in unstable, less urban-based, and low-paying industries, and younger generation households that have not yet established a stable career have moved away from these pricey cities at much greater rates than the rest of the population.
Between 2013 and 2014, only 2,662 people between the ages of 25 and 34 migrated to D.C., according to census data, roughly a quarter of the 10,430 people in that age bracket who arrived between 2010 and 2011.
Since 2010, the 20 to 29 populations have declined in the core areas of much celebrated youth magnets including Chicago (-0.6 percent) and Portland (-2.5 percent). Other areas, like Los Angeles and Boston, have lost millennials since 2015.
In New York, incomes for young adults have dropped since 2000, even as rents have shot up by 75%.
Costs appear to be key here. According to Zillow, for workers between the ages of 22 and 34, rent costs claim upwards of 45 percent of income in Los Angeles, San Francisco, New York, and Miami, compared to closer to 30 percent of income in metropolitan areas like Dallas-Fort Worth and Houston. The costs of purchasing a house are even more lopsided. In Los Angeles and the Bay Area, a monthly mortgage takes, on average, close to 40 percent of income, compared to 15 percent nationally. In many cities millennials seem destined to live as renters, without gaining any equity in property. In San Francisco, 18- to 24-year-olds now make up one of the fastest-growing homeless populations.
A recent survey by the UCLA Luskin School suggests that 18- to 29-year-olds were the age group least satisfied with life in Los Angeles (PDF), perhaps something reflected in the overbuilt and increasingly vacant downtown market. Similarly a recent USC study found that high prices made attracting talent increasingly difficult. In the Bay Area, according to ULI, 74 percent of millennials are considering an exit, largely due to high housing prices.
In New York, incomes for people aged 18 to 29 have dropped in real terms since 2000, despite considerably higher education levels among millennials (PDF). At the same time, rents have shot up by 75 percent.
Meanwhile, the much mocked suburbs have continued to dominate population trends, including among millennials. As people age, they tend, economist Jed Kolko notes, to move out of core cities to suburban locations. Although younger millennials have tended toward core cities more than previous generations had, the website FiveThirtyEight notes that as they age they actually move to suburban locations at a still higher clip than those their age have in the past. We have already passed, in the words of USC demographer Dowell Myers, peak millennial, and are seeing the birth of a new suburban wave (PDF).
To some extent, the meme about millennials and cities never quite fit reality outside of that observed by journalists in media centers like New York, D.C., and San Francisco. More than 80 percent of 25- to 34-year-olds in major metropolitan areas already live in suburbs and exurbs, according to the latest dataa share that is little changed from 2010 or 2000.
Suburban tastes remain predominant with 4 in 5 people under 45 preferring the single-family detached houses most often in suburban locales (PDF). Surveys such as those from the Conference Board and Neilson consistently find that most millennials see suburbs as the ideal place to live in the long run (PDF). According to a recent National Homebuilders Association report, more than 2 in 3 millennials, including most of those living in cities, would prefer a house in the suburbs.
As millennials grow up, they are moving to the burbs at an even faster pace than previous generations did at the same age.
In the process, note authors Snyder and Kurimska, their generation is also changing suburbia. These transplants value high social cohesion and want neighborhoods with walking trails and other community features like fitness centers, local shops and manmade lakes, they observe. They may also initially at least choose smaller homes, according to Zillow, and often in places closer to work and with more things close by to do. The good news for them: The majority of new jobs continue to be created in suburbs, along with most theaters, ethnic restaurants, and music venues.
At the same time, millennials are shifting to different regions. Much of this has to do with housing costs. The income required to buy a home in Silicon Valley ($216,000), San Francisco ($171,000), Los Angeles ($115,000), or New York City ($100,000) dwarfs what is required in places like Orlando ($54,000), San Antonio ($54,000), or Nashville ($47,000).
Not coincidentally, those more affordable places are growing their millennial populations far more quickly. The Millennial homeownership rates is 37 percent in Nashville 29 percent in San Antonio and 27 percent in Orlando, compared to under 20 percent in New York, Los Angeles and San Francisco.
To be sure, some millennials are moving into downtowns in these places, at least for a few years, but many more remain in whatGrist calledsprawling car dependent cities. Among the 10 major metropolitan areas whose 25- to 34-year-old populations grew most rapidly between 2010 and 2016, seven have more than 95 percent of their population in suburban or exurban settings.
In fact, most of the places with the biggest growth among millennials are highly suburban, sprawling cities. The top 10 regions with the fastest growth in their 25- to 34-year-old populations since 2000 include nontraditional urban areas such as Austin, Orlando, San Antonio, San Bernardino-Riverside, Las Vegas, Houston, Oklahoma City, and Jacksonville. In contrast, Boston ranks 40th out of 53 metro regions, New York 44th, San Jose 47th, Los Angeles 48th, and Chicago 51st.
So perhaps there is hope, after all, of millennials as a hero generation. As more of them follow their parents path to homes of their own in the suburbs and the Sun Belts sprawling metros, they will surely be changed by their environment and they will surely change it. Parenting, as well as homeownership, tends to make people more conservative.
While the strongest populationgrowth now takes place in what Jed Kolko calls the suburbiest suburbs, those on the outer fringes, even there millennials are drawn to locations with town centerswhether restored or createdand prefer things such as bike trails and parks over golf and malls. The millennial suburb, as MITs Alan Berger has noted, will be differentmore walkable, more environmentally sustainable, and likely more connected eventually by autonomous technologies.
While millennials may push back against the efforts of progressives, evident in California particularly, to limit suburban development that thus closes off their housing options, they will also oppose the culturally conservative agendas that long dominated many suburbs. This will be particularly true in areas attracting young minorities, such as northern Virginia, Ft. Bend County, outside of Houston, and Orange County, California.
In this sense, the millennials may be our best hope for a more reasoned future. They are unlikelyparticularly as they raise familiesto embrace planners fantasies of a high-density future. What they can accomplish is to shift the debate about how we live toward a more reasoned, collaborative, tolerant but also family-friendly direction.
That alone would make them smarter than their parents.
Read more: https://www.thedailybeast.com/the-screwed-millennial-generation-gets-smart
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When is the housing market’s Black Friday?
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On the day after Thanksgiving, buyers will be flocking to stores and online retailers to find the best deals of the year. But, according to Trulia, real estate’s Black Friday happened three months ago, when sellers are anxious to move their home off the market before the fall and winter months set in.
Buyers are most likely to snag a deal in August when 13.9 percent of listing prices will be cut. Fast forward to December, and only 8.3 percent of listings will have slashed prices, thanks to sellers and agents willing to wait until spring buying season.
This trend doesn’t necessarily hold true in areas with year-round warm weather, such as Florida, California and Nevada.
For example, in all of the major Florida markets — Tampa/St. Petersburg, North Port-Sarasota-Bradenton, Fort Lauderdale, West Palm Beach, Cape Coral-Fort Myers, Deltona-Daytona, Beach-Ormond Beach — the month with the highest rate of price cuts is 1.66 or fewer times greater than the month with the lowest rate of price cuts.
Meanwhile, in cities such as Fairfield County, Connecticut; Albany, New York; and Madison, Wisconsin; where winter weather is harsh, the rates of price cuts in August and September are at least 2.2 times as large as the rate in December.
Where are the biggest price cuts?
Source: Trulia
The share of homes going through at least one price cut has been climbing on a year-over-year basis for eight of the past 12 months. During the same 12 months a year ago, the proportion of listings going through at least one price cut increased in seven of 12 months, bringing the rate of price cuts to its highest level (13.4 percent) since 2012.
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Phoenix (19.1 percent); Lake County-Kenosha County, Illionis/Wisconsin; (18.6 percent); and Chicago (18.2 percent) saw the highest share of listings go through at least one price cut during 2017. Meanwhile, San Francisco (6.3 percent); San Jose, California (7.3 percent); and Oakland, California (8.0 percent); were the metros with the smallest proportion of listings that saw a price cut.
Trulia says it’s important to remember that more price cuts doesn’t signal a slowing market.
From early 2013 to early 2015, monthly year-over-year growth in the proportion of for-sale listings experiencing a price cut was consistent and coincided with the most rapid home price appreciation since the recession in 2007 — evidence that sellers were overzealous in determining an asking price.
About the study
This report was developed using our For-Sale listing data. The report uses the entire price history of every listing found on Trulia’s website, dating back to Feb. 1, 2011 and Oct. 31, 2017. We calculated the total number of unique properties in each month and the number of unique properties each month that saw at least one price reduction. This enabled us to calculate the percentage of listings that saw a price reduction. Metro areas found in this report are metropolitan divisions where available but are otherwise metropolitan statistical areas, both as defined by the U.S. Census bureau.
Email Marian McPherson.
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8 Every Day Disciplines To Acquire Wealth
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