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.



I live in Baldwin Park, so I pay a lot of attention to the neighborhood real estate market. The inventory of homes available for sale is down to 68, and unlike Orlando in general, "normal" sales make up a significant majority of the homes available. Currently, only four homes for sale are bank ow...
Here are the latest numbers for June. Inventory has been slowly rising as new contracts have slowed down a little bit. Closed sales for June will still be very strong as 1,934 have closed so far with the last three days of the month still to come. My last closing of the month is tomorrow morning...
I just received this award for being one of Google's Top Realtors here in Orlando. This was given to the top ten Realtors found on Google for "Orlando Real Estate." I have worked very hard to get in the top results, and am happy to accept this award. I also have the top two spots when you search ...
I am the Real Estate Optimist, so let me start by saying the market will correct itself. Personally, I believe it would correct itself a lot faster if there was not quite so much intervention. From what I have seen, when there is a government program, there is a way to "game the system." It is mu...
Just a quick update on June Orlando real estate sales, as Congress looks to extend the home buyer tax credit. So far 1,257 sales have closed this month, so we should finish the month above 2,500. The median price continues to hover around $115,000. The mix of bank owned, short sales and "normal" ...
I am following up on a SunTrust short sale today, and I have to say I am having flashbacks to dealing with Bank of America. It took a month of faxing the package to them before they would acknowledge receipt. Then it took another week of trying to get the third party authorizations approved, befo...
Inventory remains very stable with 16,081 active listings, and distressed properties remain nearly half of all active listings with 2,150 bank owned and 5,588 short sales. That leave 8,342 "normal" listings or 51.9% of the total number. Pendings are also still high with 10,270. Distressed propert...
The neighborhood stabilization program "NSP" is a $200 billion program set up by the federal government to target the areas hardest hit by foreclosures. The funds were apportioned by state, and here in Florida the counties had to present a plan on how the monies would be used. Orange County alrea...
We have asked for pre-approval letters for prospective buyers as long as I have been in the business, and probably way before that. In the past any lender would do, but now some sellers are being more selective. Home sellers are starting to make acceptance of an offer contingent upon a pre-approv...
Through the end of May, Baldwin Park is on track to post about as many sales as 2009. There were 190 sales last year, and five months into 2010 there have been 79 closed sales. While the number of sales looks to equal 2009, the prices are slightly higher this year. In 2009 the median sales price ...

David Welch

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