David's Orlando Real Estate Blog
Orlando real estate blog with all the latest information about Orlando real estate.
ARCHIVED BLOG POSTS
2010
I was fortunate enough this week to have two closings with the new HUD-1 settlement statement. The new form adds a section where the buyer's good faith estimate (GFE) from their lender is compared with the fees actually charged at the closing. There are three types of fees on the GFE and HUD-1 th...
01/29/2010
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If you go to google and search "Orlando Real Estate", Zillow comes up in the middle of page three. I am sure the folks at Trulia love to hear this, since they are and have been number one on that same search forever. My own webpage pops up at number 10 - that is page one - or number 11 most days....
01/26/2010
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I find myself helping a lot of buyers looking at foreclosures these days. They are often the best deals at least from the perspective of purchase price. They can take a toll on you emotionally though if you are not prepared for multiple offers, long bank delays, even longer bank addendums and sho...
01/24/2010
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This information provided by and posted with permission of Jay Buerck from YouServed.com. Veterans and military homebuyers in Florida turned to VA loans in huge numbers in 2009. The credit crunch and overall housing decline made these government-guaranteed loans even more appealing. And 2010 is s...
01/21/2010
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I really am amazed at the complete lack of reason at FHA, Fannie Mae and Freddie Mac. Last year they made condo financing impossible and tightened all their guidelines making it more difficult to obtain financing. Keep in mind the government was giving hundreds of billions of dollars to banks to ...
01/21/2010
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Share Last year started with a lot of activity. If I recall, I wrote 14 offers in January. The only problem with that is that I only got two of those deals to contract. Virtually all the activity centered around investors looking to pick up inexpensive condos. I think last year there was more u...
01/14/2010
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Are short sales getting any better? Mary Shanklin writes about the new guidelines in the Orlando Sentinel today. My observations suggest that not much has changed with short sales amid the optimism that they are getting better. I have been tracking the percentage of short sales closed of the tota...
01/12/2010
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Well, that might be a bit of an exaggeration. Fannie has announced that it will make an effort to help the sagging condo market in Florida. This program is only in Florida, and so far has only been directed at South Florida. Specifically, the Miami area is where all the focus seems to be right no...
01/11/2010
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Active and pending listings dropped to 15,707 and 8,110 respectively while closed sales continued a seven month streak of better than 2,000 closed sales. So far 2,228 sales were posted for December 2009 with a median sales price of $124,000. That sales price marks nine months of relatively stable...
01/06/2010
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It is a bit chilly down here in the Sunshine State this week with lows getting down around freezing in Orlando. Somehow, I don't think most of the rest of the country feels bad for us as the snow piles up out West and up North. The sky is clear and blue, and the breeze is light with plenty of sun...
01/05/2010
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David Welch
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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.