Tag: #fortmyersmortgagerates

The median age for Ward 1 is 31.5 and the youngest population average in Fort Myers. Ward 1 is home to the Fleamaster’s Flea market and has Fort Myers Technical College offering skills in the trades. You can kayak or paddle your way to the Caloosahatchee River. City of Fort Myers

City of Fort Myers

Ward 3 median age is 31.8 and has a diverse population. There has been steady growth in the area increasing the workforce available. We are seeing more industrial and retail space in development. The area has Opportunity Zones for impact investment. As a younger population there is great potential with additional development and access to workforce training to make a positive social impact. City of Fort Myers

City of Fort Myers

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world economy. It seems that a year later, things are slowly getting back to normal for many companies. Why is there a drastic difference between 2008 and now? In a post from RealtyTrac, they...

City of Fort Myers

Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows. Let’s use three maps to show how this theory continues to affect the residential real estate market. Map #1 – State-by-state price appreciation reported by the Federal Housing Finance...