MLS#  O4999418  5560 METROWEST BLVD # 3-201, ORLANDO FL 32811 $69.900

Exterior Front	Dining Room
Living Room	Living Room
Kitchen	Master Bedroom
Master Bath	Bedroom 2
Bedroom 3	Bath2
Exterior Back

Look no further.  This gorgous 3 bedroom, 2 bath condo is ready to welcome you home!  Entertain friends around your dining room table, or just kick off your shoes to relax on the couch in your large living room.  Of course, you can recruit others to help with the cooking. Not a homebody?  Then head to the pool just a few steps beyond your door.  Minutes to shopping, restaurants, Millenia Mall, and Universal Studios, you’ll never run out of options! 

For the latest status on this property and many more in the Orlando area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com. U.K callers dial: 020-3239-7286. All information is deemed reliable but not guaranteed on the date posted.

Visit www.hunterscreekhomevalues.com or www.hunterscreekhomesforsale.com for information on all properties for sale in  Hunters Creek Orlando.

MLS# O4999316 111 E SMITH ST # 2, ORLANDO FL 32804  $ 62,640

Exterior Front	Living Room
Dining Room	Kitchen
Master Bedroom	Bedroom 2
Bedroom 2	Exterior Back

College Park Condo with balcony! Need we say more?  This charming 2 bed/1 bath home awaits you!  Quiet nights in, or on the town, you are close to everything – museums, shopping, restaurants, and just minutes from downtown. See it today, move in tomorrow!

For the latest status on this property and many more in the Orlando area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com. U.K callers dial: 020-3239-7286. All information is deemed reliable but not guaranteed on the date posted.

Visit www.hunterscreekhomevalues.com or www.hunterscreekhomesforsale.com for information on all properties for sale in  Hunters Creek Orlando.

MLS# O4996126  9983 CYPRESS VINE DR, ORLANDO FL 32827  $170,900

Exterior Front	Kitchen
Kitchen	Living Room
Living Room	Dining Room
Master Bedroom	Master Bath
Garage	Exterior Back

 Immaculate and spacious 4 bed 2 bath home located in the prestigious community of Northlake Park  ~  Split floor plan with large master suite and walk in closet  ~  Upgraded master bathroom has his and hers vanities,  garden tub and large separate shower  Association dues include your membership to the YMCA with its heated Olympic sized pool and numerous facilities located in the community.   Home is located minutes from the new VA Hospital, Burnham Institute, Medical Center, O.I.A., and Theme Parks. Wow!  What a great opportunity to own in Lake Nona. Don’t wait on this one.

For the latest status on this property and many more in the Orlando area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com. U.K callers dial: 020-3239-7286. All information is deemed reliable but not guaranteed on the date posted.

Visit www.hunterscreekhomevalues.com or www.hunterscreekhomesforsale.com for information on all properties for sale in  Hunters Creek Orlando.

Bank of America is the first of the major banks to start a new program for Homeowners who are in trouble of losing their property to foreclosure. The new program will allow homeowners who owe more that 120% of their homes value to adjust their principal balance. Bank of America says they will forgive up to 30% of the customer’s loan principal.

This is a positive step in the right direction to prevent homeowners from falling into foreclosure. The loan program will begin in May 2010 and may be the blueprint for other major lenders to follow.

The final numbers for 2009 are in and as expected the overall results were quite positive for the Orlando area Real Estate market. We saw a 59.31% increase in sales over the same period for 2008, The inventory of homes dropped by 25% , the number of properties under contract more than doubled, the average days on market decreased to under 90 day.  There are all positive indicators that show the housing market trying to correct itself and recover.  We are in no means out of the woods just yet. Banks are predicting 2010 to be another big year for foreclosures as 5 year arm loans written in 2005 become due. Another factor that may affect this recovery is that the local unemployment rate is hovering around 11.8% as of November 2009 which is a big jump from the same period in 2008 of 7.4%. Mortgage rates are also a key factor in the market recovery. Currently mortgage rates are holding at 5.0% – 5.25%. Low rates are allowing first time home buyers to enter the market where several years ago they were unable due to higher rates and high home prices.

Lower inventories of homes should help stabilize property prices for 2010 as long as there is not a big influx of bank owned or foreclosure properties. This will be decided by the banks as they are now watching inventory levels to see when is the best time to list bank properties for sale.

Investors and second home / vacation home buyers will play a key role in the Orlando market for 2010. Over 25% of all transactions in the State of Florida were from outside the country. Foreign National Buyers see Florida as a great investment and should continue to purchase in 2010 as prices remain at or below current market prices.  We should expect 2010 to play out the same as 2009 as long as there is no new major economic shift.  Buyers should take advantage of the current market and purchase before the shift in foreclosures begins to decrease. The inventory of these properties is still very good. As these numbers decrease so will the quality of the foreclosures. Make 2010 the year you purchase your first home or a vacation property.

After 9 months of positive sales increases, The media is finally taking notice that home sales have increased and that first time buyers and investors are jumping into the market to pick up foreclosures before prices start to rise again.  In some sections of the housing market here in Central Florida we are seeing multiple offer and price bidding on bank owned properties. This is usually the first sign that the market has hit bottom and prices are beginning to stabilize.

I would caution any buyer that is waiting for further price decreases to take notice of the sales increase for Central Florida. Waiting on the fence for better pricing might mean that you miss the bottom of the market and great deals on “quality” foreclosures.

Call or email me today for a list of foreclosures that fits your needs. Now is the best time to buy before prices start to rise again.

To most people out there it may seem like I am talking about the same thing twice (I actually am) about foreclosures and forclosures. I recently ran a search on the top 10 cities for foreclosures and found out that most people when searching the word foreclosure spell is incorrect. This spelling error did not have a major impact on the search but it did prove that there can be different results when you misspell the key words that you are searching for. By dropping the “E” on foreclosure produced a slightly different search result when searching for Orlando Forclosure vs Orlando Foreclosure.

The results of the top 10 Cities for foreclosures remain the same regardless of how you spell foreclosure. Below is the most recent and updated list of foreclosure cities.

1. Las Vegas, NV, USA

2. Miami, FL, USA

3. Orlando, FL, USA

4. Tampa, FL, USA

5. Atlanta, GA, USA

6. Phoenix, AZ, USA

7. Charlotte, NC, USA

8. Richardson, TX, USA

9. Sacramento, CA, USA

10. San Diego, CA, USA