DR LOUIS SCOMA

07/21/2026

13 features that make buyers walk away from a house within minutes
By George Michael Noone
1. The Lingering Stench Of Hidden Pet Accidents
2.Cracked Foundations And Bowing Basement Walls
3.The Claustrophobic Nightmare Of Extremely Low Ceilings
4.Dilapidated Roofs With Missing Shingles
5.Bizarre And Confusing Floor Plans
6.The Acoustic Chaos Of Nearby Highway Noise
7.Ancient And Dangerous K**b And Tube Electrical Wiring
8.Traces Of Toxic Black Mold In The Bathroom
9.The Overwhelming Visual Clutter Of Extreme Hoarding
10.Neighborhood Properties With Visible Trash Accumulation
11.Outdated Peeling Popcorn Ceilings
12.The Discomfort Of Poorly Functioning Climate Control Systems
13.A Total Lack Of Natural Light
The best way to avoid errors is to work with a realtor so call me Dr Lou of CoastalEdge real estate 239-922-8117

06/22/2026

There are now 470,000 more home sellers than buyers, handing buyers the upper hand
By Tyler Foster,

Homebuyers across the United States now face a market tilted sharply in their favor, with sellers outnumbering active buyers by roughly 630,000, the largest gap on record.

The core dynamic is simple: too many homes chasing too few buyers.

For buyers, the practical effects are already visible. Homes in the most overbuilt metros are sitting on the market for several weeks longer than they did a year ago, and sellers are more frequently accepting offers with inspection contingencies, closing-cost credits, or modest price cuts.

You need a Realtor to guide you so call me Dr Lou of CoastalEdge Real Estate 239-922-8117

06/18/2026

Report: Condo bloodbath hits US hotspots as values plunge to lowest in decades
By Julia Dzurillay:
America’s condo market is unraveling, with prices in once red-hot cities dropping by as much as 33 percent from their peaks - places like Austin, Texas, and Oakland, California, not to mention all over Florida.
On Zillow, some condos have been sitting on the market for almost a year, with prices repeatedly slashed and even furnishings thrown in, yet they still attract no interest.

Of the cities with steepest condo price drops, ten Florida communities top the list. The worst condo market in is Cape Coral where condos prices dropped a staggering 33 percent since their peak in 2022.

Bob Miller of Millshire Realty told the Daily Mail that Cape Coral's condo market is being squeezed by a 'perfect storm' of rising insurance costs, higher HOA fees and deferred maintenance and an oversupply of inventory.
So to get the Condo work with me:
Dr Lou of CoastalEdge Real Estate 239-922-8117

03/15/2025

Hidden Costs Of Home Ownership You Need To Know About
By Terry Schutz | Published on Sep 30, 2024
1.House Inspections and Appraisals
2.Closing Costs
3.Homeowner’s Insurance
4.Moving Costs
5.Equipment and Appliance Costs
6.Monthly Costs
7.Property Tax
8.Homeowners Association (HOC) and Condo Fees
9.Utilities
10.Maintenance and Repairs
11.The Unexpected Large Costs
So Have a Home Repair Budget and work with a good Agent-Me
Dr Lou of CoastalEdge Real Estate 239-922-8117

02/05/2025

Unsold Florida Housing Is Piling Up in Several Cities
Published Feb 04, 2025 :
Florida's housing inventory is rising quickly, suggesting that the state might be on the brink of turning into a buyer's market, according to experts. But as prices remain high and mortgage rates are still hovering around the 7 percent mark, buyers remain reluctant, leaving homes for sale to sit idle on the market.
Overall, Florida counted a total of 157,221 active listings last month—the highest number in the country, followed by Texas with 102,552. In January 2019, the state had a total of 150,118 listed for sale.

Even as demand for homes should be higher, properties are selling at a much slower pace than they're flooding the market. According to real estate brokerage Redfin, the number of homes sold in the state rose 7.9 percent in December compared to a year earlier,
while the number of homes for sale rose 22.7 percent.

In South Florida, where new rules around aging condos have triggered an explosion in condo listings, the situation is particularly critical. Naples News reported that Collier County's unsold home inventory is now nearly 200 percent higher than in 2019; in St. Petersburg, is close to 44 percent higher. In Lee County, the number of unsold homes is now close to 150 percent higher than just a year ago; in West Palm Beach, it's over 55 percent higher.

"In Naples and Marco Island, the median household income is $91,000," Southwest Florida-based Red Fortress Property Management's Michael McVety told the newspaper. "The income needed to afford homes in the area is $188,000. This creates a 105 percent affordability gap. Only 30 percent of local residents can afford homes, leaving the market heavily dependent on external buyers."
Sellers & Buyers need the help of a Realtor so call me Dr Lou of CoastalEdge Real Estate 2329-922-8117

10/29/2024

Why you should definitely use a real estate broker to help buy your home
Get a housing and property expert to help broker your home purchase.
Expertise and experience Navigating the complex real estate market
Handling paperwork and legalities
Access to listings and market insights
Exclusive access to listings
Market insights and trends
Negotiation skills
Getting the best deal
Handling counteroffers
Time and stress savings
Streamlining the search process
Managing communication and appointments
Financial guidance
Understanding financing options
Call me Dr Lou of Coastaledge real estate 239-922-8117

10/28/2024

These Features Will Sell Your Home Quicker, According to Front door:
Top Features That Will Sell Your Home Quicker
Vanity Lighting (median days to sell: 44)
Stone Tile Floor (median days to sell: 45.5)
Open Shelving (median days to sell: 47)
Exposed Brick Wall (median days to sell: 47)
Modern Lighting (median days to sell: 47.5)
Artificial Grass (median days to sell: 48)
Chandelier Lighting (median days to sell: 48)
Shed (median days to sell: 49)
Pergola (median days to sell: 49)
Subway Tile (median days to sell: 49)
Butcher Block (median days to sell: 49)
Built-In Shelves (median days to sell: 49)
King-Size Bed (median days to sell: 49)
Luxury Carpet (median days to sell: 49)
Recessed Cabinet (median days to sell: 49)
Barn Door (median days to sell: 50)
EV Charger (median days to sell: 50)
Bay Windows (median days to sell: 50)
Dog House (median days to sell: 50)
Wall Sconces (median days to sell: 50)
Call me Dr. Lou of Coastaledge real estate 239-922-8117

10/21/2024

10/21/2024

Florida Homeowners Struggle to Sell Their Houses:
Homeowners in some Florida cities are finding it harder to sell their homes as data shows that an increased number of listings are sitting on the market for more than 30 days.

The housing market in the Sunshine State experienced a boom during the COVID years when people from other parts of the country flocked to its cities, driving a surge in home sales. But now more and more homes are sitting as mortgage rates and high prices limit buyers. Meanwhile, soaring insurance fees are also dissuading potential buyers from purchasing property as they add more costs to owning a home.
"Redfin agents report that move-in ready homes in desirable neighborhoods are still selling quickly, but listings that don't fit that bill are starting to pile up in some parts of the country."
It is best to work with a real estate agent so call me dr. Lou of Coastaledge real estate 239-922-8117