Archive for August 25, 2009

Index shows home prices increase from 1Q to 2Q

By J.W. ELPHINSTONE, AP Real Estate Writer
Home prices posted their first quarterly increase in three years, signaling the housing market has turned a corner.
The Standard & Poor’s/Case-Shiller’s U.S. National Home Price Index released Tuesday rose nearly 3 percent from the first quarter to 133, though that reading is still down almost 15 percent from the [...]

Read the rest of this entry »

Deal reached for Bonita Bay golf course | Mediterra owners may buy facility

BY DICK HOGAN • Naples News • AUGUST 25, 2009
An advisory committee at Mediterra has reached a tentative agreement with Bonita Bay Group for residents to buy the community’s golf and beach clubs for $6.8 million cash or $8 million financed.  In addition, the deal would require the residents to assume $15 million in debt [...]

Read the rest of this entry »