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Florida Makes the First Time Buyer $8,000 Tax Credit Available Up Front - 06/30/09 09:21 AM
The state has been talking about putting this in place for a while now, and it looks like we are putting our money where our mouth is. In my opinion, the Feds should have done this from the start. The only people buying right now are investors and first time home buyers. The biggest obstacle for most first time home buyers is the cash up front. Now they can get the $8,000 tax credit up front at least in Florida. You can read the whole article in the Orlando Sentinel. http://www.orlandosentinel.com/news/local/orl-asechome-buyer-tax-credit-fl-063063009jun30,0,414986.story Low prices, low interest rates, lots of homes to choose (0 comments)
Orlando Real Estate Sales so far June 29, 2009 - 06/29/09 01:20 PM
With today and tomorrow left until we close out June we have posted 1,689 closed sales with a median sale price of $132,000. We will probably end the month with around 2,000 closed sales, and if the price holds up a slight increase over May's $130,000. The active inventory continues to fall with 18,172 properties available for sale according to MFRMLS. Pendings continue to climb with 7,281 properties under contract. There are more REO's under contract than active right now, with 1,350 having contracts pending and only 1,035 active listings identified as bank owned. The total number of distressed properties, including bank owned (2 comments)
Short Sale Log Jam - 06/24/09 07:30 AM
Currently in Orlando real estate there are 18,287 active listings, and we could drop just below 18,000 by the end of the month if the trend continues. Over 1,300 sales have closed so far this month with a median sales price of $130,000 which is the same as April and May. Can you say, prices have bottomed out? The big mystery is the pending sales in Orlando with 7,172 contracts pending right now. It really is not that big of a mystery though, because short sales are creating a huge log jam. 49.8% of those contracts involve a short sale property. (5 comments)
Orlando Real Estate Pending Contracts - 06/22/09 10:47 AM
The number of sales pending in Orlando continues to climb. We are over the 7,000 mark right now, and adding to that total each month. In the past the pending sales were the best indicator of future closings. That is still true, but the relationship between the two is getting skewed by a number of factors. First, short sales are a large percentage of the the total number of pending sales. They account for close to half of all the contracts pending, but only a small number are closing each month. Second, bank owned properties are often difficult to close because (0 comments)
Official Orlando Real Estate Statistics for May 2009 - 06/11/09 06:37 AM
Yesterday was the 10th of the month, and that means the official numbers have been released by the Orlando Regional Realtor Association. May was rocking with 1,854 closed sales compared with 1,347 last May. That is a 37.6% increase year over year and it tied April's adjusted sales. There were 3,455 new contract written in May pushing the pending sales up to 6,603. So far this year there have been 7,834 sales closed, just think what those numbers would look like of all the pendings closed. That would be 14,437 closed sales or 84.2% more than what we already have had. The (2 comments)
Demo Video for House Hunters - 06/09/09 12:34 PM
I commented on Brad's blog post about HGTV's House Hunters casting. My customers actually got me hooked up with the folks at House Hunters. I am happy to say that we have been selected for taping. They will be here in Orlando later this month to tape the first part of our episode. We will be exploring homes in the Winter Park, Baldwin Park and downtown Orlando areas. Check out my demo video. (5 comments)
Orlando Real Estate Statistics June 5, 2009 - 06/05/09 04:15 PM
This has been a crazy day to end a crazy week. There is a lot of good news though for Orlando real estate. First the sales for May were outstanding at 1,866 with a median sales price of $130,000. Of those sales 1,091 were labeled as distressed including short sales and bank owned properties. That is about 58.5% of the sales which is consistent with what I have been seeing for almost nine months. Of the distressed properties 802 were actually bank owned, so short sales are still way below REO's for closed sales. Pending sales is a different story. Of (0 comments)
Buy a House Get a Car - 06/04/09 07:27 AM
Check out this article in today's Orlando Sentinel. http://www.orlandosentinel.com/news/local/orl-locrolls-royce-and-house-060409060409jun04,0,2984626.story Buy a classic home near downtown Orlando, and get a classic Rolls Royce free. Homes are selling here in Orlando, but the vast majority (75%) are under $200,000. Our luxury market has stalled as investors and first time home buyers dominate our market place. Sellers in the higher end homes are finding fewer showings and longer marketing times. My sellers are looking to me for more creative marketing and sales ideas, and I would love to hear some of the new twists that others are using successfully to get homes sold. If (7 comments)
Orlando Real Estate Blog, news, statistics, marketing reports, insight, opinions. Orlando real estate includes, Winter Park Windermere, Apopka, Ocoee, and Winter Garden, as well as Conway and Dr. Phillips areas of Orlando.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.