VanDyk Mortgage - November 2018

IS SWFL IN A FORECLOSURE CRISIS?

Turner, like painting a butterfly from your kids’ stamped footprints. Have fun with it! Best DIY Gift for Your Bestie: Personalized Mug You only need a mug and an oven- safe or porcelain marker to create this personalized gift. Use a mug you already own, or pick one up from the dollar store or thrift store, and get expressive! You could write a sweet or of the Southwest Florida Real Estate Association and Steelbridge Realty on episode 27 of my podcast, “The HartBeat Show.” Jeff’s name is big around town. He has a ton of knowledge about the local real estate business, so you could say he’s got his finger on the pulse. But first, let’s break down the article. Basically, a property database company called ATTOM Data Solutions says, “The number of homeowners who have started the foreclosure process in Cape Coral and Fort Myers has gone up 59 percent since last July.” Fox also reports, “The year-over- year number from June was an increase of 64 percent, which is much higher than the nationwide increase of just 1 percent.” These are definitely massive numbers, and if they told the whole truth, they’d be something to freak out about. But according to Jeff (and myself, and most other experts in the area), the numbers are deeply misleading. For one thing, there’s little data to suggest that we’re heading toward another 2006–

2008 crisis. The market, as always, moves in cycles, but in this case, the bubble is growing pretty sustainably. “We’ve been looking at 3–5 percent price increases when I go year-over-year,” says Jeff. “And we almost resemble a Midwest-type market rather than the coastal boom-bust market, and that’s really a good thing!” “But confirmation bias has taken out more people in business than cycles because we all tend to see what we want to see,” he adds. And in this case, people are frantic about an incoming crisis that just isn’t coming — at least not in the near future. We really dug into it on the show, and unfortunately, there’s not room here to go over everything we discussed. To learn more, check out “The HartBeat Show Podcast.” You might just learn something. And I’d certainly appreciate it!

Jeff Tumbarello with Steelbridge Realty

Back in August, Fox News published a report with new data that showed Southwest Florida in the midst of a “foreclosure crisis,” with skyrocketing rates of foreclosures throughout Fort Myers and beyond. Down here in the mortgage business, we’re obviously sensitive about anybody saying anything about a new incoming financial meltdown. To clear things up, I sat down with Jeff Tumbarello

TRIVIA QUESTION: WHERE DID THE HARTS GO SCALLOPING?

BEST DIY GIFT IDEAS

Looking for gift ideas that don’t break the bank but still show the special people in your life how much you care? Do-it-yourself (DIY) gifts are the way to go. Here are a few ideas to put together on a chilly night. Pull out your crafting supplies, turn on some holiday tunes, and get creative.

artistic freedom as much as they’ll enjoy your thoughtful gift. Best DIY Gift for Someone Special: Memory Map Utilize a map, a pair of scissors, some glue, and your memories of meaningful places to create this sentimental gift. Choose map locations that are meaningful to you

Best DIY Gift to Make With the Little Ones: Handprint Apron

and your special person — where you met, where you celebrated

Aunties, uncles, and godparents will love a gift that incorporates their favorite little ones, and it’s a great way to get the kids in on the project. Choose some unadorned aprons from your local craft or home goods store and some acrylic paint in a variety of colors. Then get crafty! The kids can use their handprints as a starting point and add other decorations as they like. You can also find some fun ideas on the blog Little Page

funny message (“but first, coffee” or “two shots, hold the chatter”) or list their favorite beverage (“coffee, no sugar” or “green tea”). Write something that makes them think of you, or create a simple drawing. Enjoy the

special moments, where you first lived — and cut those out in geometric or heart shapes. Then, glue the cutouts to a piece of matboard. You can add kind words at each point, or let the places explain themselves. Place in a frame and gift to your loved one.

VanDyk Mortgage | www.TimHartJr.com | 239-437-4278

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