Greater Orlando Real Estate Blog
This article was printed in the Sept. 19, 2008 edition of the Orlando Business Journal.
The past year has been a rocky one for the U.S. economy.
The nation has seen 394,000 private-sector jobs slip away since mid-2007, equaling a loss of 7,570 jobs each week. The unemployment rate has shot up a full point during the [...]
Good News- Bad News in the Orlando Resale Market in July. The number of homes sold increased 11.6% from July, 2007, but the me diam sale price decreased 19% from $258,000 in July, 2007 to $209,100 in July 2008. Here’s the complete story form Orlando’s Business Journal, published 8/25/208:
The Orlando housing market saw an improvement [...]
This is Part 3 of 2008 1st Half Heathrow, FL Real Estate Sales
Heathrow is a lovely, gated, golf course community located north of Orlando, FL. It consists of custom and semi-custom single family homes, condos, and townhouses. 112 single family homes were sold in Heathrow in 2007, of which 51 were custom homes and 61 [...]
This is Part 2 of 2008 1st Half Heathrow, FL Real Estate Update
Heathrow is a lovely, gated, golf course community located north of Orlando, FL. It consists of custom and semi-custom single family homes, condos, and townhouses. 51 custom homes were sold in Heathrow in 2007. During the first half of 2008, 13 custom homes [...]
The slow real estate market is taking its toll on the once almost immune Luxury Home Market segment. Previously luxury home sales remained substantially constant despite downturns in the non-luxury market. This was due to several factors:
· Blimps in the economy have had less impact on the wealthy
· Real estate has proven to be a [...]
February’s Median Sales Price for homes sold was $223,000, up slightly from the January median sales price of $221,500. The average price, however, decreased to $276,200, down 14.4%% from January. The number of homes sold, however, increased from 813 homes sold in January to 932 homes sold in February. January’s volume of 813 was the [...]
The National Association of REALTORS, a.k.a. NAR, is predicting a flat market for existing home sales over the next few months, and then gentle relief to the housing market in the 2nd half of this year. Many buyers having been sitting on the fence, waiting for the “bottom of the market”. It’s time to move to [...]
Home prices continue to decrease in Sanford, FL. In fact, since the market peak in 2006, the Median Price for single family homes has decreased 17% from $465,450 in 2006 to $385,000 for YTD, 2008. The < $200,000 price band of single family homes saw a similar impact with a price decrease of 35% from [...]
Here’s an interesting article that was in today’s publication of the Orlando Business Journal:
More than 1,400 Orlando-area homes were added to the market in January, pushing the inventory to a nearly three-year supply, according to the Orlando Regional Realtor Association.
The association reports 25,724 homes are for sale in the Orlando area through the multiple listings service, [...]
Now is the BEST TIME for First Time Home Buyers to purchase a home in Florida within the last decade due to a combination of several factors:
Decrease in Home Prices
High Inventory Levels means lots of choices for buyers
High number of foreclosures
Higher Property Tax Exemptions
Low Interest rates
Here is some information for buyers with low or moderate [...]
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