Record-low mortgage rates and extreme inventory shortages have been the main drives sustaining the high demand for housing experienced throughout the U.S. throughout the pandemic period. Despite the Naples housing market being exceptionally resilient during this period, affordability continues to be a big concern. The low mortgage rates helped increase savings, strengthen job markets, and make...
Housing markets throughout the nation have remained hot since 2020, mainly due to the effects of the Coronavirus pandemic. Demand essentially exceeded supply, resulting in a hyper-competitive housing market in Naples with more than half of properties selling above list price. How fast homes sold and price appreciated staggered a bit, as significant savings and low mortgage rates supercharged basic housing...
