Pending Sales On The Rise - 03/31/08 08:47 AM
Buried in the business section is finally a positive article. Pending real estate sales are rising all over the state. This is the best indicator of future sales, since these are actual contracts on properties. Closings do seem to be taking a little longer to close. This is mostly because lenders … (4 comments)
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March Numbers 03/28/2008 - 03/28/08 02:50 PM
I suspect that with Monday being the end of the month and next week being spring break for Orange County Public Schools, we may still see quite a few closings in the next few days. Right now we stand at 809 closed sales in March with a median sales price of … (0 comments)
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Press Release - 03/27/08 12:05 PM
I was in the paper today. Yippee! I just returned from Tallahassee, our state capital, where I was attending Great American Realtor Days. We spent the last two days meeting with our legislators and other officials to discuss the impact property taxes, insurance and work force/affordable housing is having on our … (3 comments)
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Orlando Real Estate Statistics 03/24/2008 - 03/24/08 04:02 PM
I was pleasantly surprised to see that the median sales price has picked back up from what I have been seeing. So far, it looks like there were 41 closed sales on Friday. There may be more added today and tomorrow. That brought the total closed sales for the month up … (0 comments)
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Pending and Closed Sales 03/21/2008 - 03/21/08 02:21 PM
Happy Spring! It does appear as if the spring buying season is off and running in Orlando. The run up in pending sales has slowed a bit, but that's a good thing. It looks like closings may be starting to catch up. I am not positive, but it appears quite a … (1 comments)
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New Home Inventory 4thQ 2007 - 03/20/08 01:26 PM
According to Metrostudy the inventory of new single family homes under construction and completed inventory totaled 8,732 units which is down considerably from a year ago. That number represents a 6.5 month supply based upon current sales. The 4th quarter is usually the slowest of the year, so hopefully things will … (2 comments)
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Florida Budget and Tax Panel - 03/19/08 01:58 PM
The Budget and Tax Panel meets once every 20 years, so they wanted their work to count. The recommendation, which we will vote on in November, would cut property taxes in the state by anywhere between 25% and 33% depending on your county. Here in Orange county the number would be … (0 comments)
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Orlando Real Estate 03/18/2008 - 03/18/08 11:33 AM
Just a little something I pay attention to, because people always complain that the rich get richer. There are 61 pending contracts on homes in the Orlando market that have list prices a $1,000,000 or more. Of these 23 are at least $1,500,000 and 11 are $2,000,000 or more. There are two … (2 comments)
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Fed Working Overtime - 03/17/08 07:59 AM
I am not an economist, nor am I a banker, but I studied both in college, grad school and post grad. I know enough to at least say I have an educated opinion. I have also spoken with friends of mine that are in "the market", and banking. The conclusion we … (3 comments)
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Very Early March Numbers - 03/14/08 02:03 PM
So far in March 306 home sales have closed with a median price of $215,000. That is a drop of $8,000 from February's median of $223,000. The last time we had a median price of $215,000 was April of 2005. That was at the beginning of the big boom, so the … (1 comments)
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Today's Paper - 03/12/08 09:32 AM
Check out the link below. It references an article in the Orlando Sentinel today. The important point this makes is the media presenting a more positive perspective on the Orlando Real Estate market. It is not a rosy picture, but we are not in a rosy market if you are trying … (2 comments)
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Orlando Real Estate News March 11, 2008 - 03/11/08 01:31 PM
February numbers were released today, and the median price was up a bit from January to $223,000 on sales of 922 homes. This compares with a median price of $221,500 on sales of 813 homes in January, The total number of contract was up 25% which is a much bigger story … (6 comments)
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