Orlando Set to Rebound (3%)

By
Real Estate Appraiser with AmcAppraisalsinc.com

A recent report from the Florida Realtors site today, reported Orlando as one of the top 11 ‘combacks’ for 2011!!

 

I also heard the ads on the radio, sponsored by the Orlando Realtor’s association – about how NOW is a great time to buy

I would have to agree with them too!  Judging from the recent absorption rates in Orlando, it seems like trends may be turning!  There is still some uncertainty with the “shadow inventory” we hear about – but depending on if that is a trickle or a DUMP into the market – we may see a bottom on the market this year!  (FINALLY!)

Although my workload is still not seeing much by way of refinance or purchases (except REO purchases) – but then again, some of the ‘cheaper/faster’ appraisers out there may be interpreting “Customary and Reasonable” fees in a wholly lower fashion than I do!

 

Good luck Orlando! 


Working full time on my job and part time on my future : http://FreedomBy2.com

Get a free cup of coffee at http://NoCoffeeFilter.com

 

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Topic:
Home Buying
Location:
Florida Orange County Orlando
Groups:
All Things Florida
Florida Mortgage News and Information
Florida Realtor® Network
Central Florida
Central Florida Real Estate - Four Corners
Tags:
orlando
buyers market
market trends
foreclosure
market analysis
market decline stable

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Richard D. Ferris

Florida State Certified (FHA) Appraiser
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