real estate: Pending Home Sales Soar To Highest Level in Three Years
- 06/03/13 05:09 AM
The National Association of Realtors announced last week that pending home sales had reached their highest level since April of 2010, when the homebuyer tax credit was due to expire. In total, pending sales climbed 0.3 percent in March, bringing the total annual basis up to 10.3 percent. "The housing market continues to squeak out gains from already very positive conditions," said Chief Economist at NAR Lawrence Yun. "Pending contracts so far this year easily correspond to higher closed home sales in 2013." Pending home sales, used as a predictor for future home sales rates based on signed contractual agreements to … (0 comments)
real estate: Orlando Single Family Homes Show Highest Gains in April
- 05/28/13 04:33 AM
Single-family homes in Orlando sold for higher values than almost every other area in Florida during April, showcasing Central Florida's continued recovery and popularity in the real estate market. In total, the median price for single-family homes reached $161,000, which is an impressive 20.1 percent increase from just a year ago. This keeps stride with the median value of Florida's 20 largest metropolitan areas, which reached $165,000 and a 17.4 percent increase over the year prior. While single-family home price increases stole the spotlight last month, Orlando's condo and townhome prices also showed impressive growth. Condos and townhome prices rose approximately 16.4 … (0 comments)
real estate: Pending Home Sales Rose in March Amid Limited Inventory
- 04/30/13 01:17 AM
Pending home sales saw a small rise from February to March according to the Pending Home Sales Index, although limited inventory is forcing contract activity to taper off. The Pending Home Sales Index rose from 104.1 in February to 105.7 in March, a gain of 1.5 percent from the downwardly revised numbers heading in to the month. This also represents a seven percent increase in the annual basis, and making it the 23rd consecutive month that pending sales have risen above their year before figures. While the Pending Homes Sales Index shows an increase in contract levels, the effect is beginning to slow, … (0 comments)
real estate: Mood on Housing Market Brightens as More People Want to Sell
- 04/19/13 01:17 AM
According to a National Housing Survey conducted by Fannie Mae, more Americans are coming to the conclusion that the housing market is stabilizing and that now would be a good time to sell their homes. A total of 26 percent of 1,004 people surveyed answered that they think market conditions are right to sell their homes now. This is double the percentage recorded a year prior from survey respondents who were asked the same question. To coincide with that, 73 percent of the population surveyed stated that this would be a good time to purchase a home. Nearly half of the respondents … (2 comments)
real estate: 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)
real estate: Clermont Luxury Homes
- 12/28/12 03:24 AM
To See Available Listings in Clermont, Please Visit Our Site! Over the past decade, Clermont has become a real presence within the Florida real estate market. Aside from offering countless highly desirable luxury homes and having undergone huge commercial growth, a lot of the extra attention on this area can be attributed to its unbeatable location, sitting at the entrance to three of Florida’s most convenient highways: US 27, the Florida Turnpike and Highway 50. What residents also rave about in the Clermont area is the the luscious rolling hills, the historic and scenic Downtown Clermont, the beautiful spring fed Clermont Chain of Lakes, and the distinguished local … (0 comments)
real estate: Downtown and Thornton Park Luxury Real Estate
- 12/06/12 04:20 AM
See all downtown and Thornton Park Luxury Real Estate Listings! Downtown Orlando encapsulates the modern and thriving lifestyle of Central Florida through its extraordinary selections of fine dining, shopping, entertainment, and outdoor environments. Chief among these areas are the lovely communities surrounding Lake Eola Park and the chic and sophisticated Thornton Park. The homes in this area offer splendid surroundings and rich architectural history, making this one of the most coveted markets in the entire Orlando area. You can tell you’ve arrived at Lake Eola Park when you see its signature Centennial Fountain, which is also regarded as the emblem of … (0 comments)
real estate: Winter Park and Baldwin Park Luxury Homes
- 11/30/12 02:51 AM
See all Winter Park and Baldwin Park Luxury Home Listings! Winter Park and Baldwin Park are affluent neighborhoods abounding with regal mansions, sophisticated villas and luxurious estate homes. It’s not surprising that so many of the finest Central Florida real estate is located here as it is rich with fine cuisine, a unique range of boutiques, charming brick paved roads and a vibrant community spirit with a wealth culture. Downtown Winter Park is modeled after an idealistic 19th century London. Brick laid roads, mature oak trees and old world lamp posts pave the way through upscale boutiques such as Earth Inspired … (0 comments)
real estate: 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)
real estate: The NAR Releases Profile of Home Buyers and Sellers 2012
- 11/16/12 12:01 AM
The National Association of Realtors® released their 2012 profile of home buyers and sellers last week, and as usual, it is an interesting look into the patterns of the last year’s worth of movement in the housing market.Some of the highlights released by the NAR included a few surprises, but mostly just confirmation of what many professionals in the industry have been seeing in terms of recent trends.Among the more surprising statistics included only 52 percent of home buyers stating that online was the first step taken in the home buying process. In addition, the average home buyer looked at less … (0 comments)
real estate: MLS To Determine Their Own Rules for Social Media Listings
- 11/13/12 12:35 AM
The National Association of Realtors has ultimately elected to allow individual multiple listings sites to decide if they will allow member agents and brokers to share other member’s listings via social media sites such as Facebook, LinkedIn or Twitter.While there has never been a choice regarding what is shown via IDX feeds on participating member sites, social media has been a different matter. As of right now, there has been little to deter agents from advertising whatever listings they choose, so long as they follow the terms of use given by each social media site.There was talk by the NAR to … (0 comments)
real estate: 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)
real estate: RE/MAX Exclusive Collection Directs Huge Buyer Initiative
- 10/21/12 11:41 PM
Michael Kara Selected to be Buying Broker for a Large Investment Fund ORLANDO, Florida - October 19, 2012 - RE/MAX Exclusive Collection announced that it is leading a brand new buyer campaign of single family homes throughout Central Florida at the behest of a private investment fund looking for properties in the region. RE/MAX Exclusive Collection CEO Michael Kara was selected to be the buying broker for the investment fund, which has so far raised over $300 million.“This is an incredible opportunity for sellers, and really for all of Central Florida,” said Kara. “The amount of homes we are looking to … (0 comments)
real estate: Just How Accurate are Listings on Trulia and Zillow?
- 10/09/12 02:03 AM
As reported by Inman, a recent study commissioned by Redfin has found that listing sites such as Zillow and Trulia have shown to be much less accurate in providing listing information than dedicated realtor sites.Consulting firm WAV Group, who conducted the study, found that, in 11 major markets, listings were less timely, informative, and accurate than their respective counterparts on three broker-operated sites. The reason for this is because most broker-operated sites feature direct information pulled from MLS sites. Trulia and Zillow rely only partly on MLS sites, also receiving information from syndication and direct input from realtors. As a result, … (36 comments)
real estate: Apple iOS 6 for Realtors
- 09/26/12 05:25 AM
With the launch of the brand new iPhone 5 last week, Apple also introduced the latest version of its operating system iOS 6. Regardless of whether you were one of the millions worldwide who picked up the latest iPhone, if you have any of Apple’s mobile devices, including the iPhone 4, 4S, and iPad, then you were no doubt prompted by your device to upgrade to iOS 6.And, of course, if you are working in real estate, you probably clicked the upgrade button, let your device update in the background, and then promptly got back to dealing with the 50 tasks … (2 comments)
real estate: August Shows Growth in Home Sales
- 09/20/12 03:53 AM
Despite economic expectations that existing home sales would only amount to about 4.55 million in August, sales for the month climbed to 4.82 million, showing a 7.8 percent rise.While the median price for single-family homes fell slightly by about $400 to $187,400, this is still a 9.5 percent rise from the median price of $171,200 a year ago.With the recent growth in numbers, the National Association of Realtors is now adjusting their forecasts to raise expectations to an 8 to 10 percent increase in home sales for the year. These numbers could go up even further to a 10 to 15 … (0 comments)
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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