David's Orlando Real Estate Blog
Orlando real estate blog with all the latest information about Orlando real estate.
ARCHIVED BLOG POSTS
2010
3
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The number of homes available for sale has risen by about 1,000 over the last three months. Back at the end of April there were about 15,700 homes available for sale and today there are about 16,700. I looked to see where the additional inventory is coming from, and they are all distressed prope...
07/30/2010
2
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I saw the title of an article today that said "What will a trillion dollars buy?" I did not read it, but I am sure it has something to do with the budget deficit or corporate profits or possibly the amount of money The Fed has pumped into mortgage backed securities. The other day, I started think...
07/28/2010
2
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New home sales numbers came out this morning and they were much improved over last month, but still very slow compared with past years. At the very core of the housing bubble was the tremendous over building that took place between 2004 and 2006. There were easily a million too many homes built ...
07/26/2010
So far in July, the main trends I am seeing are a climb in inventory of active and a rebuilding of pending sales. While the home buyer tax credit closing deadline has been extended for buyers with contracts dated on or before April 30, 2010, that extension did not come until after the original J...
07/23/2010
2
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I was looking at homes in the $1 million to $1.8 million price range for customers of mine. There were half a dozen homes that appeared to meet their criteria, so I called to ask a few more questions about them. Three of the six had just accepted contracts, and this made me start thinking that th...
07/15/2010
3
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If you work on short sales, you know how frustrating it can be following up with the bank. Very often you receive conflicting or at least inconsistent information. Typically, the upate you receive is vague with respect to exactly where your particular transaction currently is in their process. Th...
07/14/2010
2
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As I see it, there are basically three strategies for investing in real estate. There are many different variations, and tactics for employing these strategies, but they all boil down to these three. The first, is the bread and butter of real estate investment and in some ways has less risk and s...
07/13/2010
0
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June was crazy busy, with over 3,000 closed sales when all was said and done. By comparison, July is going to be quite a bit slower. I am looking for sales this month to come in closer to 2,200 as a result of the tax credit pushing some sales up a month or two. Of course now the closing time per...
07/12/2010
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Through the first half of 2010, Baldwin Park has been hot. There were 102 closed sales during the first six months of the year. Type of home Condo Townhome Single Family Number of Sales 9 25 68 Price Range $55,000 - $215,000 $175,000 - $395,000 $200,000 - $1,840,000 Median Price $179,000 $260,00...
07/07/2010
5
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Nearly 12% of the pending short sales closed last month. While that may not sound like anything to write home about, that is way up from the usual 8% range that has been pretty typical. June sales that have been recorded so far are way up overall with 2,879, which is the best in four years. Of ...
07/05/2010
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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.