Fort Myers Cape Coral Lehigh Acres Homes and Condos For Sale

Housing Market Indicators:

Florida existing home sales:
(month-to-previous-year comparison)

• 24%
  

Florida existing condo sales:
(month-to-previous-year comparison)

• 63%
  

Florida existing home median price:

• $137,000
  

Florida existing condo median price:

• $96,900
  

Florida consumer confidence: 

• 77

National existing home sales: 
(month-to-previous-month comparison; all housing types)

• 6.8%
  

National existing home median price

• $170,700
  

National (Freddie Mac) mortgage rate
(all housing types)

• 4.84%

NEW YORK (AP) – May 21, 2010 – U.S. borrowers can get the cheapest mortgages this year, thanks to worries over European debt, and that could keep homebuyers active even after the expiration of a tax credit designed to lift sales.

Mortgage rates fell to their lowest level of the year this week as yields on U.S. government securities fell, Freddie Mac said Thursday. Fixed mortgage rates tend to follow the yield of 10-year Treasury notes.

Treasury yields sank after Germany's move this week to curtail certain kinds of short-selling spooked investors, who shifted money from risky European debt to safer U.S. securities.

A side effect of the lower Treasury rates was lower mortgage rates.

The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent from 4.93 percent a week earlier, Freddie Mac said. It was the lowest level since mid-December, when rates averaged 4.81 percent

Prudential Florida Realty's Fort Myers office achieved the 1st Place Top Office Award for Residential Units closed in the first quarter of 2010 by Prudential Real Estate and Relocation Services, a Prudential Financial, Inc. company. The managing broker of Prudential Florida Realty's Fort Myers office is Craig Dorfman.

This award recognizes the leading offices in the Southern U.S. region for the Prudential Real Estate Network that have a minimum of 76 Sales Professionals. The Southern U.S. region includes 17 states and is the largest region in the network.

"Receiving this prestigious award is a true honor" said Rei L. Mesa, president and C.E.O. of Prudential Florida Realty. "We continually review our business operations and implement new tools and systems so that we remain competitive in the marketplace. Yet, what make our company successful is our first-rate sales associates and management team, who are unwavering in their commitment to excellence and support of our family of services."

Prudential Real Estate is one of the largest real estate brokerage franchise networks in North America, with nearly 1,700 franchise offices and 60,000 sales professionals in the franchise network as of Dec. 31, 2009.

Prudential Florida Realty, which is independently owned and operated, is the #1 Prudential affiliate in Florida and has over 40 locations and more than 1,800 real estate associates throughout Florida.

Prudential Florida Realty's Real Estate Services division includes Prudential Florida Realty, Florida Home Finance Group, an affiliate of Wells Fargo Home Mortgage, Florida Title & Guarantee and Florida Home & General Lines Insurance. Prudential Real Estate proudly supports the Sunshine Kids Foundation to help raise money for children with cancer