David's Orlando Real Estate Blog

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Real Estate Agent - Charles Rutenberg Realty - BK645994
Orlando real estate blog with all the latest information about Orlando real estate.

ARCHIVED BLOG POSTS

2010 

Orlando real estate has continued to post strong sales, but prices took a big nosedive in January. The median price for most of 2009 was around $125,000, but dropped to $102,000 last month. So far this month, as I reported yesterday on my blog at www.RealEstateOptimist.com, the prices are up a li...
02/23/2010
Currently, there are 16,216 active listings in the Orlando marketplace with 1,776 bank owned and 6,056 short sales making up 48.3% of the active inventory. That is a pretty big chunk of the market, but pales in comparison to the percentage of pending and closed sales so far this month. The good n...
02/22/2010
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The Fed announced an increase in one of their interest rates, so what does that mean to mortgage rates? The Fed rates that you hear so much about are short term interest rates that they charge member banks to borrow money overnight. Banks are required to maintain certain reserves in their account...
02/19/2010
CNN Money looked at 330 metro areas and compared their values today with where they were back in 2006. Some people might be surprised to find Orlando in the undervalued column, but I am not. CNN Money found Orlando to be undervalued by 17.1% at $141,200. Again, I agree with their assessment that ...
02/15/2010
Bad weather up north has a significant impact on our real estate market here in Orlando. I have customers, under contract right now, from New York that have been snowed in this week, and so has their lender. Their file went to underwriting Tuesday, but nobody has been at work to actually do anyth...
02/12/2010
I had a comment on one of my recent posts inferring that buyers appeared to be willing to pay 20% more for a "normal" sale. That is not actually what is taking place here in Orlando. The bank owned and short sales just tend to be concentrated in lower price ranges. While half of all "normal" list...
02/09/2010
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I may be the most stubborn man alive, my wife and daughters think so anyway. I saw a sign the other day that read "behind every man is a woman rolling her eyes." I have further proof of my obstinence, a Bank of America short sale. This particular short sale has been my cross to bare for about 18 ...
02/09/2010
Yesterday, I wrote that there are three keys to success in real estate: Contact, Contract and Closing. I shared some of my observations about prospecting, the first C which is really just about contacting prospective customers. There are two types of contacts active and passive. A lot of the typi...
02/06/2010
If you are in real estate you already know there are three keys to success. I'm not talking about location, location, location. I am talking about the three C's: Contact, Contract, and Closing. To be successful in real estate, you need to be working on all three aspects of the business all the ti...
02/05/2010
Phil the groundhog has a real future as an economist; both try to predict the future. Some things are predictable like Winter which, by the way, lasts until Spring every year so there are always six weeks left after groundhog day. People are somewhat predictable, but not completely. Psychologists...
02/03/2010
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David Welch

Real Estate Optimist - #OrlandoRealEstate
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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.