Still more growth…another reason, if you are able to invest or buy now, you be buying into a growing opportunity regardless what the housing prices are doing. Most of Cape Coral growth is being funded by private investments; however this does not stop property values from going up! It is free money to those that brought and will buy soon! This is future embedded value in any home/properties being bought today!
But the facts remain Cape Coral and Fort Myers and surrounding areas are seeing steady growth the last 16 months in home prices. The cost of getting a loan has quietly gone up, and pretty much ignored in the media, and may go up even more because of the deficient Fannie Mae and Mac is under. Somebody is going to have to pay that off and it will be you and I. So get something out of it. Interest Rates are still low and this will go up a lot quicker when the herd start to buy again and sellers won’t be interested in negotiating much with their buyers.
So the growth that is happening now, not many are seeing this alone as their great opportunity time!