Premier Properties Joins the Sotheby’s International Realty® Brand

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PRESS RELEASE November 12, 2010 NAPLES, Fla., (Nov. 12, 2010) – Scott F. Lutgert, Chairman of The Lutgert Companies and founder of Premier Properties of Southwest Florida, Inc., announced today that Premier Properties has affiliated with the Sotheby’s International Realty® brand and now will operate as Premier Sotheby’s International Realty. “This is a long term strategic move,” stated Scott Lutgert.  …

Job growth in Florida expected to rise next year

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11/15/10 Job growth in Florida could increase more than any other state during 2011, according to a recent forecast by economic consulting firm Moody’s Economy.com. Estimates by Moody’s Economy.com projects that Florida will have a 3 percent growth rate in the next year, according to a recent USA Today report. The largest job growth, 26.7 percent, is anticipated for the …

Mortgage rates fall to new lows this week

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11/12/10 Rates on fixed mortgages again fell to their lowest levels in decades this week, Freddie Mac said Thursday, after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth. The average rate on 15-year fixed loans, a popular choice for refinancing, fell to 3.57 percent from 3.63 percent, Freddie Mac said. That’s the lowest since the …

Florida’s existing condo sales up 3rd quarter

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11/10/2010 The sales for existing condominiums in Florida rose 15 percent in the third quarter for 2010 compared to the previous year. A total of 16,938 existing condos sold statewide this year for the 3rd quarter. Last year’s total for the 3rd quarter was 14,793 units sold. Timothy Becker, director of The University of Florida’s Bergstrom Center for Real Estate …

Existing condo sales increase for September

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Sales of existing condominiums in Florida rose 10 percent in September, with a total of 5,675 condos sold statewide compared to 5,140 units sold in September 2009, according to the latest housing data released by Florida Realtors. The national median sales price for existing single-family homes in August was $179,300, up 1.2 percent from a year earlier, according to the …

Mortgage Rates hit low of 4.19%

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Oct. 15, 2010: Rates on 30-year mortgages fell this week to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields. As a result, the average rate for 30-year fixed loans dropped to the lowest level on records dating back to 1971, mortgage buyer Freddie Mac said Thursday. It’s down from 4.27 percent the …