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affordability index: Think New Construction When You Think Orlando Home - 09/07/10 09:01 PM
Even in Orlando, where there are plenty of pre-owned homes and condos available, newly constructed homes have their appeal. That's why Orlando builders have continued to produce new homes. According to Metrostudy, which keeps track of new home in various markets, new home construction i s up14% as of June, compared to last year. Housing starts are up 39% from the first quarter, though second quarter closings are off since the home buyer's tax credit expired.
AmericanHomeguides.com shows over 100 new developments in the greater Orlando area. Many offer properties of $150,000 or less. This makes new home prices competitive with those … (0 comments)
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affordability index: Real Estate News You Can Use, Orlando - 04/09/10 06:35 PM
There are plenty of stories in the news about Florida's high ranking on lists about foreclosures, delinquency, and mortgage fraud that can only cause Orlando homeowners to say "Tsk, tsk! and move on. We have heard plenty of news we'd like to lose. Is there real estate news you can use?
Compared to last year, home sales are up 41% and pendings up 200% in the Orlando area with ever higher ratings for condos. The median home price sale was $166,500, with prices for short sales at $115,500 and bank-owned homes $115,500. Affordability indices for the area was 166.2% which means … (3 comments)
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affordability index: Listen Up, Orlando First Time Buyers - 09/12/09 06:26 PM
Maybe you have heard so much about the $8,000 first time homebuyers credit that you don't even listen any more. But if you are in a position to buy an Orlando home right now it is time to listen up: the tax credit is about to expire on November 30. Since processing your loan, appraisal, and paperwork for the home takes longer these days, October 15, or to be safe, even October 1, is the deadline. Only those who have closed on their homes before December 1 can claim the credit.
You know the basics of the credit: you can … (6 comments)
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affordability index: What is an Affordable Central Florida Home? - 06/11/09 09:18 PM
You hear a lot these days about "affordable housing." Five years ago, lenders aided and abetted home buyers into stretching the definition of what was affordable to a figure far in excess of the traditional formula: buy a home three times your annual household income. The emphasis was put on the monthly payment, which is why people who should have bought $200,000 homes were buying $500,000 homes because some crazy mortgage packages made their payment "affordable" until the interest rate adjusted or some other term of the loan kicked in.
Now, many lenders are going back to basics. With housing … (2 comments)
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affordability index: Turning Up the Heat in Orlando Real Estate - 05/28/09 11:46 PM
It's hot in Orlando, nearly 90 degrees. For the first time in a long time, the housing market is hot too. According to the Orlando board of Realtors, home sales in Orlando for the past two months exceeded sales in March, 2008 by 47.59% and in April, 2008 by 42%. About half the sales for each of the two months this year were distressed or bank-owned.
It's a great thing that the distressed and bank owned homes are moving. This has made Realtors® like us who specialize in placing people in homes like this crazy busy, while showing our customers affordability … (4 comments)
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Janice Petteway
Orlando,
FL
More about me…
Exit Real Estate Results
Address: 365 Wekiva Springs Rd. Suite 151, Longwood, FL, 32779
Office Phone: (407) 788-1226
Email Me
Your Expert for:
Central Florida real estate, Orlando real estate, Orlando home sales, Orange County, Seminole County, short sales, REO homes, bank owned homes, foreclosures, coaching, exit real estate results, extreme results team, real estate ethics, lakefront property specialist, relocation
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