Cape Coral Florida's Real Estate Guide

You read that headline right. Unbelievably, the real estate market is not only faring the economic nightmare that is taking place, but it is actually getting better every day. According to the National Association of Realtors, the pending sales index has increased by 7.4% over the past month to its highest level in over a year. How could that be? Isn't the housing market to blame for the current economic crisis? Although predator lenders and subprime mortgages set the stage for today's economy, the real estate market has been in repair mode for some time now. Unlike the stock market, real estate has already taken its biggest hit and has been working to rebuild ever since.

The efforts are paying off. Home values are stabilizing and beautiful properties can be purchased for an unbeatable price. This is leading consumers to take advantage of the current market and buy real estate again. With any luck, home buyers will turn around and sell their current homes and the buy/sell cycle can start working again. To add fuel to the fire, the recent announcement by President Bush of a plan for the government to buy stocks in banks could restart the lending market, possibly lifting some of the tougher qualifications instated for acquiring a mortgage. The idea is for there to be more capital to lend therefore injecting much needed money into the economy and the real estate market.

Overall there is new hope for the real estate market and our country's economy. If you have been considering purchasing real estate in Cape Coral, now is the time. Home prices are only going to go up as the market and economy improves so take advantage of the great deals you can get now! To see available homes in Cape Coral, Fort Myers, Estero and Bonita Springs, use the free property search or contact me today!