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SouthWest Florida Real Estate Services
Cape Coral | Fort Myers | Punta Gorda | Burnt Store | Naples
SageRealtor Newsletter - Good Signs For Our Economy
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SouthWest Florida continues to report favorable economic factors.
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FAST FACTS
Who is Moving to Lee County?
From the News-Press
More than 21,800 people move here each year. Roughly translated, that's at a rate of about 60 a day. One in 10 residents owns a boat.
People presume newcomers are looking for sun and leisure, but that's not always the case: 33 % come for work and 20 % come to join family, according to the University of Florida Bureau of Economic and Business Research. The median age of newcomers is 39, according to the bureau's analysis of Florida population growth.
Closing Costs
Closing Costs here are favorable to the buyer. It is customary for the seller to buy the title insurance. When paying cash, besides nominal fees for recording the title or notary fee, there are no other charges. If there is a mortgage, the state charges a tax of $.35 per $100 of the mortgage amount and an intangible tax of $.002 of the mortgage amount. These are separate fees from whatever the mortgage company charges. |
The low unemployment rate in Lee County and the demand for affordable housing options highlight just how "hot" the area is and will be for some time. About 60 people move here per day, at the median age of 39 (see sidebar at right). Here are excerpts from two recent articles from The News Press.
Full Employment
"Lee County Florida, known for its two fast-growing cities of Fort Myers and Cape Coral, has a unemployment rate that is so low that it qualifies as full employment according to standards set by many economists. The unemployment rate is 3.2 percent, as of July, 2005.
"The area continues to add jobs faster than just about anywhere in Florida, forcing employers to compete for workers with better benefits and higher salaries.
"According to Jennifer Dunn, spokeswoman from the Lee County Economic Development Office, the labor market has not discouraged businesses from relocating or expanding their business here."
Click here to read the full story (Acrobat Reader required).
Housing Permits at Record Highs
"The number of permits pulled for single-family homes in Lee County and Cape Coral soared to records in August as demand for new houses reached a near frenzy.
Nowhere was the desire to buy a home more urgently felt than at the gate in front of Lakewood Village, where 11 people were waiting Wednesday afternoon for the chance to put $5,000 down on a carriage home in the yet-to-be-constructed Majestic Palms development at McGregor Boulevard and Kelly Road in south Fort Myers. Cape Coral reported that permits pulled in August were nearly double that of a year ago.
Click here to read the full story (Acrobat Reader required).
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