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Florida Homes Fall14

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FloridaHomesMag.com | 47 According to the Development Counsellors International's "Winning Strategies in Economic Development Marketing" survey, Florida is the second highest rated business climate state, eclipsed only by Texas listed at number one. The inventory of existing single-family homes for sale in the Naples area continues to shrink, thereby, pushing the median price up 10% in September compared with the same month one year ago. According to the Naples Area Board of Realtors, the median price of an existing single-family home rose to $320,000 in September. T Gay Rebel Thompson, President of Cement Industries in Fort Myers, expects the construction industry to continue recovering in 2015. Her company expects a 25% increase in sales. "I've even heard someone is building a hotel, and I haven't heard that in years," she says. Fort Myers city council is discussing the possibility of creating an official film office with hopes of attracting major film productions to the area. Currently, the state has an incentive program offered up to 30% transferable tax credits. NEWS Paradise Coast

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