OliverReports.com is now OliverReportsMA.com
With the pending publication of a sister site, www.OliverReportsFL.com, covering the market in Southwest Florida from Naples to Fort Myers, www.OliverReports.com is now OliverReportsMA.com.
During the migration this morning’s post on New Listings disappeared into cyberspace. I shall republish it on the new site.
All being well, if you type in OliverReports.com you will automatically be forwarded to the new site.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
REALTOR®
www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com
Sales Associate | Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.OliverReportsFL.com (coming soon)
Shaq sells his Florida mansion – at last!
According to Mansion Global,” retired NBA star Shaquille O’Neal has finally scored a buyer on his Windermere, Florida, megamansion—one of the largest homes for sale in the Sunshine State.”
A listing for the 31,000-square-foot waterfront home, which comes with a full-sized indoor basketball court and a 17-plus car showroom, was updated Friday to say the sale was pending.
The Mediterranean-inspired contemporary home sprawls across a four-acre property within the Isleworth Golf and Country Club and has 12 bedrooms and 15 bathrooms.
Like many other parts of Florida, Orange County—where Windermere is located—saw a banner 2020, as many home buyers, spurred by the Covid-19 pandemic and record-low mortgage rates, entered the market.
The final sale price won’t be public until the home closes, but the megamansion was last asking $16.5 million, about 40% less than its original $28 million asking price.
Andrew Oliver
Sales Agent
REALTOR®
Domain Realty
Naples, Bonita Springs and Fort Myers
www.AndrewOliverRealtor.com
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
Old Airliner Transformed into a Spectacular Home
With the chronic shortage of housing inventory, perhaps more people will follow the example of Oregon man Bruce Campbell, who purchased a retired plane for $100,000. He had a vision. He had the imagination and the skill to set about turning the passenger jet into a home. And the result of this flight of fancy is a piece of real estate that really is something else.
Are mortgage rates about to rise?
Following the Georgia Senate election results, which gave control of the Senate to the Democrats, along with the House of Representatives and the White House, the yield on the 10-year Treasury Note (10T) – the most sensitive to increased Government spending – jumped from 0.93% on Monday to 1.13% on Friday, based upon the expectation that increased Government spending would lead to more borrowing which would need higher interest rates to attract investors.
Why does this matter for mortgage rates? Because the rate on the 30-year Fixed Rate Mortgage (FRM) is based upon an extra yield – spread – that investors require over that available on 10T. The national average reported on Thursday ( based on rates from Monday-Wednesday) was a record low of 2.65%, but next week will almost certainly see an increase. (more…)