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July 17, 2020

Posted:
Market Updates:
  • Homebuilders See Surge in Sales: Click Here
  • What Will the 2021 Office Market Look Like? Too Soon to Tell: Click Here
  • New FICO Index May Help Expand Mortgage Lending: Click Here
  • Low mortgage rates drive purchase applications 5% higher: Click Here
  • Forbearance rate declines after June’s economic improvements, but will it hold?: Click Here
  • Mortgage Rates Hit Record Low for Third Consecutive Week: Click Here
  • Mortgage forbearances drop to a two-month low: Click Here
  • Major Homebuilder Reports Record Sales in June: Click Here
  • Mortgage Applications Keep Rising Above Last Year’s Levels: Click Here
 

Now You Know:

  • What Are the Quarantine Rules for Returning New Yorkers?: Click Here
  • Residents trading golf communities for luxury, maintenance-free condos at Genova: Click Here
  • Stock’s strong sales continue in June: Click Here
  • Emergency order: Florida brick-and-mortar schools must reopen in fall: Click Here
  • Quicken Loans IPO: Multi-Industry Partnerships Signal ‘Disruptive Change’: Click Here
  • 61% of Americans Say Now Is a Good Time to Buy: Click Here
  • FHA Changes Should Help Most Owners Keep Their Home: Click Here
  • Realtor.com® Reports Record-Breaking Traffic on Listings: Click Here



Local Updates:

  • Fort Myers city leaders vote against mask mandate: Click Here
  • Fort Myers Beach Margaritaville Resort project gets legal victory, may start construction by year’s end: Click Here

In the Know:

  • Pet Paradise — with bone-shaped pool — nears completion off Alico Road: Click Here
  • PUNTA GORDA AIRPORT TRAFFIC CONTINUES RECOVERY.          The Charlotte County Airport Authority announced the Punta Gorda Airport (PGD) passenger count for June 2020 totaled 93,767, with 47,846 departing passengers and 45,921 arriving passengers. June 2020’s passenger count was down 30% from June 2019’s passenger numbers, and planes were an average of 72% full. Private air charter and general aviation traffic also rebounded in June, according to a news release. Air traffic control data shows that the number of total takeoffs and landings was 5,787, down 6% from June 2019. For more information, visit flypgd.com/updates.
  • B & I CONTRACTORS AWARDED CONTRACT AT FGCU
    B & I Contractors, a Fort Myers-based subcontracting and building services firm, was recently awarded the HVAC scope of work for the new Academic Building No. 9 project at Florida Gulf Coast University (FGCU). Manhattan Construction awarded the contract on a competitively bid project which includes the installation of roughly one mile of underground chilled water piping required to tie the new building to the campus Central Energy Plant. Work is scheduled to begin this summer, with expected completion by the end of next year. The four0story 116,000-square-foot new construction building will be the home for the Water School. The school is focused on studying and finding solutions to the issues associated with Florida’s waters as well as their impact on the environment and economy.
Quote I leave you with:

““Most folks are as happy as they make up their minds to be.”

— Abraham Lincoln —

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