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 article was published in the Jacksonvile Business Journal on August 8, 2008 by Chtistian Conte:
Since hitting a low in January, local single-family house and condominium sales have doubled in the first six months of 2008, a trend some hope is proof the residential market is starting to rebound.
The 1,013 existing single-family houses sold in [...]
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 [...]
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 [...]
Today Foreclosures.com lists 8550 residential properties (1 – 4 units) that are in the pre-foreclosure stage in Orange County, Florida. As I wrote in my Jan. 16th post, this is a wonderful opportunity to get a great deal. Many incorrectly think that foreclosures mostly affect the entry level market, when in fact, they affect all [...]
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