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Cape condo market has shifted dramatically, but prices hold on

As with most real estate over the past year, we have seen dramatic market shifts in the Cape Coral condo market driven by the significant interest rate policy moves of the Federal Reserve that began in March 2022. Hurricane Ian brought additional challenges to our market, leaving us perched ...

Love summer gardening!

(Editor's note: The following column was published previously in The Breeze.) Summer is here with high temperatures daily in the 90s. Let’s garden…everyday in Southwest Florida is perfect for gardening. Your routine in summer will probably include mornings and early evening, avoiding middays. Although I have and will continue into the late morning and early afternoon taking breaks every 10 minutes to rest and hydrate. What to plant in summer: Annuals and bedding plants such as coleus, portulaca and vinca are the most heat tolerant annuals. Herbs … cumin, mint and basil. Bulbs ...

Estate planning can be complicated

Dear Mr. Feichthaler: I have heard horror stories about probate and disputes among family members, and I want to avoid that. I am a widow that owns a house in Cape Coral with no mortgage, and I have a few bank accounts. I have three children, and I only want two of them to receive my ...

Market remains resilient after huge shift in past 15 months

To illustrate how our market dynamics shifted when the Federal Reserve started its campaign to aggressively raise interest rates back on March 17, 2022, at that time there were only 430 homes listed for sale through a Realtor in Cape Coral with the median list price at $595,000. Only 61 of the ...

Widow curious how much she will owe IRS when she sells house

Dear Mr. Feichthaler, My husband and I moved here 12 years ago for our retirement and have had a wonderful life here. Unfortunately, Bill died two months ago after a short battle with lymphoma. Bill always wanted to move to Florida, and he felt buying back in 2011 would be good value. Well, ...

Rising insurance costs and Federal Reserve are wildcards

A couple of the big issues still playing out that could continue to impact our local real estate market this year deal with the Federal Reserve’s decisions on the direction of interest rates and their influence on the U.S. economy, along with the more local issue of the rising cost of ...