David's Orlando Real Estate Blog
Orlando real estate blog with all the latest information about Orlando real estate.
ARCHIVED BLOG POSTS
2010
I thought I would share some of the trends and practices I am seeing in Orlando real estate. Specifically, I wanted to point out some of the challenges in purchasing and closing bank owned and short sales in our market. The first thing any buyer should know is that there is a significant differen...
05/28/2010
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Short sales have become a huge part of our real estate market here in Orlando with around 5,600 active and around 6,800 pending sales right now. Overall there are just under 16,000 total active listings and nearly 11,000 contracts pending. The first thing you should be prepared for as a seller is...
05/26/2010
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Short sales have become a very crazy segment of out market here in Orlando. I believe the banks have come around to making quicker decisions a little too late. Two years ago, the banks were not prepared for the influx of the requests for short sales. Today, they seem more prepared, but the market...
05/24/2010
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Last month, I received an e-mail from Bank of America saying that all short sales were now being handled on the Equator system. Equator has been around for a while as REOTrans. As the old name implies, it was a system for banks to manage their REO properties. Bank of America made the move late la...
05/20/2010
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The second story in this two part blog about banks in real estate involves a first time buyer. We really have two markets going on in Orlando right now with most of the more affordable properties being distressed sales, and more "normal" sales in the higher priced homes. This puts most first time...
05/19/2010
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Forever it seems, banks have been trying to get into real estate. With all the short sales and foreclosures (2/3 of our sales here in Orlando) they have finally gotten what they wanted. Realtors have fought legislation time and time again that would have allowed banks into the real estate market,...
05/18/2010
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There has been a lot of finger pointing going on lately regarding the real estate finance industry. I think just about everyone has been blamed for the state of real estate finance. Realtors should not have sold the "overpriced" homes, and lenders should not have made sub-prime, interest only, ad...
05/12/2010
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http://www.realtor.com/blogs/2010/05/10/top-10-most-searched-homes-on-realtor-com-4/#more-19570 Check out the above Realtor.com article about last week's most popular home searches. Notice that five of the top five and six of the top ten searches were for homes here in the Sunshine State. Three o...
05/11/2010
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While Baldwin Park in uptown Orlando is a relatively new neighborhood with homes still under construction, it has a well established location. Located between downtown Orlando and Winter Park, Baldwin Park has a fantastic location with easy access to everything Orlando. This terrific location and...
05/10/2010
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These are my final numbers for the month of April, and I think we may be starting to see just a wee bit of a change. The active inventory is actually down a few hundred homes, probably a result of the last minute push to take advantage of the expiring tax credit. Today Orlando Realtors have 15,68...
05/07/2010
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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.