inventory: Inventory Shortage Foreshadows Tight Spring Season - 03/11/13 04:32 AM
While the weather outside might be warming up a bit in the next few weeks, it looks as though the lean winter months will continue on for the housing market, as inventory continues to stay at record low levels.
Zillow recorded a 16.6 percent drop in the overall number of home listings for February as compared to just a year before in 2012. The greatest inventory declines occured among luxury properties, which experienced a 20.5 percent decline, while middle-tier homes fell 17.2 percent and bottom-tier homes fell 9.1 percent.
All told, the total supply of homes for sale as of January is at 4.2 months, the … (0 comments)

inventory: Current Foreclosure Inventory Down 19.5% From Last Year - 02/04/13 03:29 AM
While housing inventory has been recorded down throughout the nation, of particular note is that foreclosures, which have been one of the most notably high inventories in the last few years, has had a precipitous fall from a year ago.
The National Foreclosure Report, published by Corelogic, states that the total foreclosure inventory fell by 19.5 percent last December from 1.5 million homes in 2011 to 1.2 million. In month-to-month numbers, foreclosure inventory was down 4.2 percent from November, and only accounted for 3 percent of total home inventory.
The total number of completed foreclosures also fell by 21 percent over the year, … (0 comments)

inventory: Orlando Home Inventory Falls as Demand Rises - 11/28/12 03:27 AM
Favorable market conditions are returning to Central Florida, spearheaded largely by a dramatic increase in purchased homes in Orlando. Home sales rose 14 percent over the year in October, alongside an average price increase of 9.24 percent. This makes the 16th consecutive month where median home prices have shown a positive gain.“We’ve seen significant, steady improvements in sales and median price throughout 2012, and Orlando’s housing market recovery should continue through the coming years,” said Orlando Regional Realtor® Association Chairman Stephen Baker.Homes are spending less time on the market, with an average of 79 days in October versus 106 days a … (0 comments)

inventory: Florida Pending Sales Grew 40.1% Compared To A Year Ago - 10/25/12 03:14 AM
The sun’s shining a little brighter in its home state these days, metaphorically at least, as more signs emerge showing a stronger real estate market in Florida.Overall, pending home sales reached a 40.1% surge beyond what they were a year ago in September of 2011, eliciting a cautious yet hopeful determination from Florida Realtors that The Sunshine State might finally be clearing out of its real estate doldrums.There is more to elicit this optimism than just an impressive upswing in pendings. Closed sales also saw a rise, albeit a less dramatic one, with a total of 15,643 sales occurring over the … (1 comments)

 
Michael Kara, Central Florida Short Sale Expert (RE/MAX Exclusive Collection)

Michael Kara

Central Florida Short Sale Expert

Orlando, FL

More about me…

RE/MAX Exclusive Collection

Address: 3107 Edgewater Drive #1, Orlando, FL, 32804

Office: (407) 447-2829

RE/MAX Exclusive Collection is a boutique real estate office located in College Park in Orlando Florida. Michael Kara, broker, has over 15 years of experience and closes more pro-consumer short sales than any other Realtor in Orlando.


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