Porter Davis Real Estate Brokerage
February 2009 - present
I have lived in Fort Myers in 2001 and been involved in real estate for most of that time, first as a mortgage broker and then as a real estate broker. I have witnessed the crazy housing bubble which peaked in 2005-2006 and the subsequent crash which bottomed out in 2009-2010. Since then we have seen a gradual but steady increase in the prices of both homes and condos. I recently attended a national housing convention (REO Expo 2012 in Dallas) and the consensus of the industry insiders and economists was that we should continue a slow housing recovery going forward. There is simply not much new homebuilding at present, since the resale value of homes remains below the cost to build new. We have also seen a dramatic reduction in the flow of foreclosure homes onto the market, and this is by design. All of the big lending institutions (Fannie Mae, Bank of America, Chase, etc) are focused on alternatives to foreclosure, such as mortgage modifications, short sales, deed-in-lieu, and deed-for-lease. We are still several years away from a "normal" real estate market in Southwest Florida, but with home prices as low as they still are and mortgage rates as low as they have ever been - plus a good chance of value appreciation from here on out - it is a great time to buy a home. A little about my company, Porter Davis Real Estate Brokerage: we are a smaller brokerage with no franchise affiliations. We are experienced REO agents, having sold over 1500 foreclosure homes for various banks and servicers. We are experienced short sale agents. Finally, we encourage all buyers to take advantage of powerful and free internet tools to do much of their own research and home searching. Please contact me for a free Listingbook account, which will provide you real-time access to the multiple listing service; daily email reports on houses that may interest you; and the ability to ask questions or set up showings right from your computer. Drop me a line with any questions!