As home values have gone up in Southwest Florida within the last year, a local realtor says more people are taking advantage of buying a quality home even during the pandemic.
ABOUT THE CAR CRASH.
YOU AREASKED TO CALL THE CLEWISTONPOLICE DEPARTMENT.DESPITE THE U-S UNEMPLOYMENTRATE SITTING AT DOUBLEDIGITSTHERE’S SOMETHING THAT’SNOT SINKING BECAUSE OF THEPANDEMIC.
THE HOUSING MARKET.ONE SOUTHWEST FLORIDA COUNTY ISSEEING VALUES AT AN ALL-TIMEHIGH SINCE THE 2008 RECESSION.FOX 4’S RACHEL LOYD EXPLAINS.13 TO 19LLINTRO: AS HOME VALUES HAVEGONE UPA LOCAL REALTOR SAYSMORE PEOPLE ARE TAKING ADVANTAGEOF BUYING A QUALITY HOME EVENDURING THE PANDEMIC.I’d say we slowed down for maybea week and a half to two weeks.Then all of a sudden, we startedgetting phones calls left andright.
Everybody’s looking tomove.CHARLOTTE COUNTY REALTOR KARIWILBANKS SAYS AFTER THE INITIALSHOCK OF THE COVID-19 OUTBREAK,SHE’S SEEING MORE PEOPLE BUYHOMES.LEE COUNTY PROPERTY APPRAISERESTIMATED THE TOTAL HOUSINGVALUE AT MORE THAN A HUNDREDBILLION DOLLARS.
IT HASN’T BEENTHAT HIGH SINCE BEFORE THE 2008RECESSION.BUT WILBANKS HASN’T HAD ALL WINSDURING THE PANDEMIC.
SOMECLIENTS EVEN HAD TO BACK OUTAFTER LOSING THEIR JOBS.I actually had a house that wentunder contract in Arcadia, backin March, and unfortunately thecustomers had to withdraw fromthe contract.SHE SAID THAT HASN’T HAPPENEDMUCH.
AND LENDERS HAVE GOTTENMUCH STRICTER BECAUSE OF THEPANDEMIC, SPECIFICALLY WHEN ITCOMES TO CREDIT SCORES.One thing I have noticedespecially with the COVID, isthat we used to be able to rockand roll with a 580, and mostlenders are looking for at leasta 620 credit score.SHE SAYS THAT ON TOP OF OTHERRESTRICTIONS WILL HOPEFULLYPREVENT THE HOUSING CRASH THATTHE U.S. SAW IN 2008 WHERE MOSTPEOPLE WERE APPROVED, AND THENTHEIR HOMES WERE LATERFORECLOSED.Back around 2006, 2007, thelender packet was very, verythin.
[Notes:gestures] And now,they’re about that
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