According to a government report, new home sales jumped 26.9 percent for the month of March. This was the largest advance since April of 1963. This rebound can be attributed to several factors. The tax credit for first time home buyers is about to expire April 30th so there is … Read More »
Central Florida
New Home Sale For March 2010 Jump 26.9%
Friday, April 23rd, 2010New EPA Requirements For All Home Air Conditioners
Thursday, January 7th, 20102010 brings in new requirements for all replacement or new are conditioning units being installed in a home. Starting in 2010 all new units must be R410a refrigerant systems. The new federal law requires all manufacturers to stop production on systems that use R22 which contains ozone depleting chlorine and … Read More »
Central Florida Home Buying Outlook For 2010
Tuesday, January 5th, 20102010 is here so what does the Real Estate outlook for Central Florida look like for the coming year. We can expect pretty much the same as 2009. With all 5 year ARM loans coming due, we can expect a fresh round of foreclosures for the year. The American Banking … Read More »
Orlando Market Update
Friday, September 18th, 2009WOW.. What great summer it has been in Real Estate for the Central Florida market. Sales are up, inventory is down, interest rates are still at historic lows, and home prices are still fantastic. It truly is the best time to buy a home. For all those buyers sitting on … Read More »
U.K. Sterling post highest exchange rate vs Dollar in 8 months.
Thursday, July 2nd, 2009As the Florida summer begins and the housing market continues to heat up, it should also be noted that the Sterling hit an 8 month high at the end of June at just over 1.6715 against the U.S. dollar. This is fantastic news for U.K. vacation home buyers looking to … Read More »
Orlando Hits Biggest Supply of New Home’s Among Big Metro Areas
Monday, May 25th, 2009While the pace of re-sale homes is hitting record pace due to the flood of foreclosures, the supply of new homes in the surrounding Orlando area has hit an 11.7 month supply. The average for most major markets is 1 ½ to 3 months supply. The high supply of homes … Read More »
New Construction For Housing And Apartments Hit A Record Low
Tuesday, May 19th, 2009With housing construction hitting a record low in April, economist are wondering if the positive reports from the Home Builders Association prove that we are at the bottom of the cycle for new construction. The latest report shows that single family construction rose a slim 2.8 percent to an annual … Read More »
Surge in sales of lower-priced homes indicate a housing market rebound
Monday, May 11th, 2009Members of the Orlando Regional REALTOR® Association in April sold nearly seven times more homes in the lower-price range categories than in the upper categories, which according to economists is typical of a rebounding market. “Orlando’s housing market appears to be following a recognized healing pattern — from the bottom … Read More »
UCF Medical School Survives Budget Cuts
Wednesday, May 6th, 2009In a close call with the State House and Senate budget committee, the new UCF Medical School in Lake Nona appears to be getting most if not all the money that they have requested. Both chambers agreed to erase a budget short fall of 9% base cuts that were … Read More »
Central Florida Housing Market Begins To Heat Up
Tuesday, May 5th, 2009The central Florida housing market is continuing to improve and current sold and pending housing units show a prime example of Orlando’s market improving. For the first 4 month of 2009, 6807 properties were sold in the 5 county regions of Lake, Orange, Osceola, Polk, and Seminole compared to 4704 … Read More »