David's Orlando Real Estate Blog

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Real Estate Agent - Remax 200 Realty - BK645994
Orlando real estate blog with all the latest information about Orlando real estate. David Welch has the #1 ranked Orlando real estate blog by Google and Yahoo.



It feels like Fall outside with high temperatures today only reaching the mid 80's and very little humidity. This morning almost felt crisp and cool. My wife told me she saw it snowing somewhere on the news the other day, and I really feel sorry for people that are already facing old man winter. ...
I was called by Mary Shanklin from the Sentinel to comment on this piece, but I have been sick for the last few days, and not so quick to return calls and e-mails. http://www.orlandosentinel.com/business/orl-bk-home-resales-florida-092409,0,6291593.story Mary, thank you for calling, and I apologi...
Two factors have had a huge impact on the affordability of Orlando real estate. First, prices have dropped 36% since last year. This is a result of several changes in our market. The proliferation of short sales and bank owned properties has driven prices down in many neighborhoods. In fact, no a...
Just a quick update on the Orlando real estate market. Currently there are 16,295 active listings available through Orlando Realtors. REO's make up 1,266 of them and 5,124 are short sales. There are 8,731 pending sales stacked up with 1,725 REO's and 4,433 short sales. Almost 58% of the REO's, ov...
As long as I have been in a Realtor, over 12 years, the National Association of Realtors has fought to keep banks out of real estate. The biggest concern has been the potential for conflict of interest with banks holding all the cards in a transaction. For those of you not in the industry, you we...
Yesterday I reported that there were 4,275 short sales pending in the MLS. I closed one yesterday, so there are only 4,274 left in the backlog. There is no real magic to getting a short sale closed. It is mostly a matter or persistence. The seller has to be willing and able to produce all their p...
In the immortal words of Jan Brady "short sales, short sales, short sales." Ok, Jan did not complain about short sales getting all the attention, but her older sister Marcia. I could categorize the different types of sales we are seeing these days using the Brady girls though. Let's start with Ja...
I am working on a new home sale with KB Homes in Arbor Ridge in Apopka, and I was speaking with the on site salesperson Brade Majac. He was telling me about a program they belong to called Equity Residential that allows you to build up points as a renter that can be used toward the purchase of a ...
I just got off the phone with a very nice guy in Michigan. He and his wife are looking to purchase their first home, and he was looking for information about first time home buyer assistance programs. I certainly am not completely aware of programs in other states, but told him that I could only ...
Here in Orlando we have thousands of short sales active and pending. The last time I ran the numbers in the MLS, there were over 10,000 properties identified as short sales. There has been a recent change in our MLS as far as some of the data fields are concerned that relate to identifying short ...

David Welch

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