David's Orlando Real Estate Blog
Orlando real estate blog with all the latest information about Orlando real estate.
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2008
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If you are looking for a home near the Orlando area, but don't have to be in town, the USDA may have just the loan for you. Through the Rural Housing Service, moderate income families can qualify for 100% financing with no PMI. This is not a typo, this is a real possibility for people looking for...
11/23/2008
It's June 2004. That was the last time prices were this low in Orlando. The median price back then was $175,000, and it looks like we are going to see a median price in November 2008 pretty close to that, maybe a little lower. Just to remind everyone, June of 2004 was really before we started our...
11/21/2008
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It has been many years since I sat in ECO 101 and studied endless supply and demand curves. That was not my last course in economics, in fact I even took a couple of post graduate courses as I contemplated a second masters degree in economics. In all those courses, I cannot recall speaking at any...
11/19/2008
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City of Orlando voted to spend $6.7 million in Federal Neighborhood Stabilization money. This will go to purchase about 30 homes in selected neighborhoods in the city of Orlando. I have to agree with the plan to focus the purchases in specific areas to derive the greatest benefit. Had the money b...
11/18/2008
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Great article in the Orlando Sentinel online this afternoon about existing home sales in Orlando. We continue to be the bright spot in Florida. We had almost four times the sales of the Miami area, even though they are quite a bit larger than Orlando. In fact 14% of all the real estate sales in t...
11/18/2008
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We are about half way through November, and there are 378 closed sales posted in the MLS so far. The median price is remaining somewhat stable, but lower at $175,000 with a median days on market of 104. If the time on market holds that will be a one week improvement in the time to sale. The other...
11/17/2008
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I had a conversation with a gentleman named Tony yesterday, and thought that there may be other people out there with the same great questions that he had. First, he was questioning whether there was still money available in the various first time home buyer down payment assistance programs. Like...
11/17/2008
These are numbers you probably won't see anywhere else. One reason is that there is a degree of inconsistency with how distressed properties are being identified in the MLS. I have been to homes that are identified as pre-foreclosure, but in fact they are already bank owned. I have also been to s...
11/14/2008
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The official numbers are finally out. They have not hit the paper yet, but they should show up later today at www.OrlandoSentinel.com. Right now here is how they break down. While sales in October were down compared to September they were 10% higher than October 2007. This year's closed sales wer...
11/12/2008
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I was just on the phone with Chip Gregory with Trinity Mortgage here in the Orlando area. We were talking about some of the things that we are seeing in the Orlando real estate market, and what the big drivers are. First, foreclosures and distressed properties have had a big impact on prices and ...
11/12/2008
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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.