by Fatima Khokhar | Apr 1, 2011 | Banking And Finance, Buzz Around Naples, Naples Area Market Conditions
Late last week Bloomberg released the news article below, which highlights Naples as a prime Florida location that continues to attract domestic and international buyers. Figures in the article speak to an increase number of sales for the area given the pent up...
by Fatima Khokhar | Feb 25, 2011 | Banking And Finance, Buzz Around Naples, Naples Area Market Conditions
Earlier this week in Naples, Chief Economist for The National Association of Realtors, Dr. Lawence Yun presented his housing and economic outlook for 2011. Naples Meridian commentary regarding the recent political unrest in the Middle East and its economic effects...
by Fatima Khokhar | Feb 7, 2011 | Banking And Finance, Naples Area Market Conditions
Federal Reserve Chairman Ben Bernanke presented his most optimistic economic outlook report at the National Press Club last week. “We have seen evidence that a self-sustaining recovery in consumer and business spending may be taking hold”. Improved business and...
by Fatima Khokhar | Jan 16, 2011 | Banking And Finance, Naples Area Market Conditions
In late September 2010 several lenders abruptly halted their sale of foreclosures to review thousands of legal documents for errors and inconsistencies. Evidence surfaced that lenders and their associates had been approving the sale of foreclosures for thousands of...
by Fatima Khokhar | Nov 22, 2010 | Banking And Finance, Naples Area Market Conditions
The housing market continues to attract daily attention from national news outlets. A breakdown of the major components affecting the market as a whole and in our area is included. A short and sweet (ish) report may be all that we can handle when the allure of...
by Fatima Khokhar | Nov 16, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The credit crisis annihilated the jumbo loan market. Banks simply stopped making loans available for “expensive” homes”. Jumbo mortgages by definition are those that are too big to be bought by government-backed agencies, such as Fannie Mae and Freddie Mac. The...
