economy: Orlando's Big Wheel - 06/26/08 07:47 AM
This is not so much real estate news, but I think it does indicate that business people around the world recognize the strength of the Orlando economy. This project you can read about in this Orlando Sentinel article is estimated to cost $200 million. We will be the first site for … (0 comments)

economy: Fuel, Food, Floods and Politics - 06/19/08 07:27 AM
Gas prices are up, the Mississippi river is up, inflation is up, and the ante on presidential politics is up. If you remember the 70's, this probably seems a bit familiar. Gas prices were not skyrocketing, but you could not find gas to buy. Inflation and mortgage rate were running in … (0 comments)

economy: Commuter Rail Dies a Slow Painful Death - 05/03/08 02:37 PM
Unfortunately, this is one of those cases where politics over powered good sense. We have so many legsilators here in Central Florida who have worked to get this through, but some other Senators saw this as just a "nice to have" when it is a real need. The day this died … (2 comments)

economy: Credit Lines Getting Shut Down - 04/17/08 07:16 AM
Another in a long list of knee jerk reactions by lenders is in the news today. Countrywide is freezing 121,000 credit lines regardless of payment history. This is being done in response to regions where there are declining values. While they probably have the contractual right to do this, I don't … (3 comments)

economy: 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)

economy: 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)

economy: 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)

 
Real Estate Agent: David Welch (Remax 200 Realty)
David Welch
Orlando, FL
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Remax 200 Realty

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