Fort Myers

America's Industrial Market Experiences Sharp User Demand Declines in Early 2023

According to new research by national commercial property broker Lee and Associates, there was a sharp first-quarter decline in U.S. tenant demand for industrial space as wholesalers and retailers reconsider their inventory levels out of caution over the economic outlook.

U.S. Luxury Home Sales Implode a Record 45 Percent in Early 2023

According to national property broker Redfin, sales of luxury homes in the U.S. declined a record 44.6% year over year during the three months ending Jan. 31, 2023. That outpaced the record 37.5% drop in sales of non-luxury homes. Redfin's data goes back to 2012.

U.S. Mortgage Applications Dip Again in Mid-October

Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 21, 2022, U.S. mortgage applications decreased 1.7 percent from one week earlier.

$8.1 Billion of Florida Mortgage Transactions at Risk Post Hurricane Ian

Based on new research by CoreLogic, more than 22,282 pending mortgage transactions currently in progress in Florida's 20 affected counties are in jeopardy from storm surge and flooding caused by the recent hurricane, Ian. Nearly 14,000 are purchase transactions where the state's average home sales price is $452,000 (as of June 2022).

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