NEWS FLASH!

Homes in Lee County sell cheap, but fast.

Sales increase 41 percent over April 2007

read the full story: http://www.news-press.com/apps/pbcs.dll/article?AID=/20080524/RE/805240470/1014/BUSINESS

Florida existing home sales improve in April compared to March 2008. A Total of 11,200 existing single-family homes changed hands in April, a 20 percent increase over the previous month when 9,330 homes sold.  In the year-to-year comparison, a total of 11,200 existing homes sold statewide last month while 12,358 homes sold in April 2007 for a decrease of 9 percent.

read the full story: @ Florida Association of Realtors | Posted: 05/27/08 at 0419 EST

Optimism in the face of property value crisis - go to http://www.news-press.com/apps/pbcs.dll/frontpage in the Cape Life section an editorial by Mark Stephens on Saturday, June 7,2008 to read the full story.

Basically what he says is that while some pain occurs when taxable values drop, "the city's tax base is still well ahead of inflation and population growth in a six-year perspective."  He also presents other statistics to support the increase in sales of existing homes in SW Florida.   

 I believe while we may be holding the record for foreclosed properties, we will lead the nation out of this mess and end up with a leaner more efficient government.