Posted on Saturday, October 25, 2014
For the most part we got the 2014 forecast right – lower inventories, steady purchase volume and significant price increases as the Naples real estate upward cycle continued. However interest rates stayed low, very low in fact. As we said in the 2014 forecast we are Realtors not financial professionals and you should consult with a financial professional when looking at financial markets – but boy oh boy we thought rates would rise.
Now it looks like we are going to see rates stay low for a while longer. Sure the Fed could pull its support and maybe rates would rise to increase demand for bonds but who knows the timing of that one?
Reuters reported we will probably see low rates for a while in their recent article at U.S. consumer prices rise on shelter costs, but inflation muted. Please see the full article. Looks like inflation remains tame for a while longer as well.
So where does that leave us in Naples real estate? Low mortgage rates is where it leaves us. Not quite the “cheap money” days of yesterday but many buyers are seeing these low mortgage rates and rising real estate prices, doing a little math and realizing financial returns over these last few months have been pretty darn good. Plus you will own a place in the paradise of Naples, Florida if you write that contract.
Should you be buying here? Only if you find that perfect place for yourself, the one with the “wow” factor, the one you will love through the crazy ups and downs of this real estate market.
I am thinking about the offers we wrote just this week and see renters buying and turning into home owners and other buyers selling their smaller place and moving up to that year round place. It will be interesting to see the buyer behavior when season hits full swing. Although judging by the numbers of people and great cars at Mercato last night it looks season is starting to roll.
Those are our thoughts this morning but call us because we have a lot more about borrowing costs and real estate here. Remember to keep up with all the latest lifestyle and real estate news in Naples sign up with us at https://www.naplesbestaddresses.com/signup.php and we would be pleased to keep you in the loop.
Also remember some of our readers are enjoying our eBook “Understanding Naples Real Estate” – go to – https://www.naplesbestaddresses.com/offer/ – for your copy.
We have toured and owned property in Naples for thirty-eight years and know we can help you out. Please give us a call at 239.595.3921. Also consider reading our book “Understanding Naples Real Estate” to get you started on your real estate search https://www.naplesbestaddresses.com/offer/ or just give us a call about things to do here.
Hope to meet and talk with you soon,
Mark Goebel PA, Nan Goebel PA and David Goebel, PA
Co-Founders of the Naples Best Addresses team
Coldwell Banker
REALTORS at Coldwell Banker 5th Avenue South
Mobile: 239.595.3920 (Nan) 239.595.3920 (Mark) 239.285.2038 (David)
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No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
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Some of the data relating to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
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