Naples News
Homes resales are up nearly 120 percent year-to-date in the Fort Myers area.
From January to September, 12,526 single-family homes sold. In the same months last year, there were 5,727 sales, according to the Realtor Association of Greater Fort Myers and the Beach Inc.
In September, sales rose 56.7 percent. There were 1,185 homes sold. [...]

Naples News By Tara McLaughlin
Investors have discovered a new market in the latest blow to homeowners and the building industry — houses built with Chinese drywall.
About 30 homes disclosed to contain the noxious drywall sold in Lee County this year.
Experts say the trend is likely to continue as sales close for about half their [...]

Wall Street Journal By Nick Timiraos
New data suggest that foreclosures are rising in more expensive housing markets.
About 30% of foreclosures in June involved homes in the top third of local housing values, up from 16% when the foreclosure crisis began three years ago, according to new data from real-estate Web site Zillow.com. The bottom one-third [...]