as similar positive trends are seen
throughout that section of Southwest
Florida. For example, in Naples,
year‐to‐date closed sales, in the $1.0
million and up category, have reached
the highest level since 2007 with sales
in this high-end category increasing
15.8% from 2012. Phil Wood, President
& CEO of John R. Wood Realtors stated, "The condominium market in the
$1 million to $2 million category is
extremely strong."
While not denying all this welcomed,
positive news literally being headlined by the media, moderation and
self-evaluation are still virtuous qualities and should not be overlooked.
We are still in a "recovery mode" and
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Knowledge is Power
many variables have the ability to influence the future speed and strength
of our recovery. Some are concerned
that the rapidly increasing prices and
shrinking inventories could lead to a
decline in sales. Others eye the impact
of an unprecedented percent of cash
real estate sales coming from private
equity firms speculatively betting
billions of dollars on multiple residences targeted for the rental market.
Whether these or other concerns may
be justified is an unknown. However,
if the Real Estate industry stays on
its current course, continues to avoid
"gold rush mentality," and invests in
the recovery progress made to date,
there appears to be a great opportunity for a phenomenal year ahead.
In today's uncertain economy, you can not afford to watch
your hard earned savings disappear. This is not the time to
put our head in the sand. Learn what assets are protected,
what debt can be re-organized, and options regarding
your home, modifying your first mortgage or stripping
unsecured junior mortgages on your primary residence.
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