realtorscottanddiana: Orlando Area Residential Real Estate Snapshot for August 2024
- 08/19/24 09:58 AM
Market Pulse In August, the interest rate dipped slightly to 6.6%, down from 6.7% in July. According to a new survey by the Orlando Regional REALTOR® Association (ORRA), 52% of Orlando REALTORS said that high interest rates are the biggest challenge for buyers right now, making some buyers hold off on purchasing or look for cheaper homes. The median home price in August was $390,000, a slight decrease from July's record high of $395,000. This drop reflects some of the price pressures buyers are facing, which was also the … (0 comments)
realtorscottanddiana: The Best Place in Florida to Purchase a Rental Property is Orlando! and among the top five nationwide!
- 08/12/24 09:30 AM
According to Rent Cafe, Orlando, and the Central Florida Area are the BEST Places in Florida to Purchase and Own a Rental Home, ranking #5 nationally for rental properties. According to Rent Caf, the Florida metro regions of Orlando and Fort Lauderdale rank in the top 30 most desirable places in the US for rental properties. Rent Caf's evaluation of places to watch revealed that Orlando and Fort Lauderdale placed 5 and 26, respectively, for this year's rental activity. RentCafe.com saw an 18% rise in web traffic for … (1 comments)
realtorscottanddiana: The Real Estate Market in the Orlando Area Has Reached the Highest Prices Ever Recorded!
- 07/29/24 11:50 AM
Do you need even more reason to purchase a house in Central Florida right now? Many people who are interested in purchasing a home are "waiting" for the prices of homes to decrease and are adamant that "now is not the time to buy a home" because "interest rates are too high." Nevertheless, even though this opinion is widespread among people who do not own their own homes, the prices of homes in Central Florida have still hit the highest level ever recorded in this market. Indeed, except for the global … (0 comments)
realtorscottanddiana: Orlando Area Residential Real Estate Snapshot for July 2024
- 07/22/24 09:32 AM
Market Pulse The median home price for July hit a record high of $395,000, up from $385,000 in June. This is the highest monthly median home price ever recorded in the Orlando area and marks the second time this year that the record has been broken. In July, the number of homes available for sale increased to 10,796, which is a 5.0% rise from June’s 10,282. This marks the sixth consecutive month of rising inventory. The last time inventory was this high was back in November 2015. However, overall sales took a dip, falling by 10.6% from June to July. There were 2,601 homes … (2 comments)
A List of the Top 10 Move-To Metros in the Entire Country: Net inflow is the metric that is used to measure popularity; it is the number of people who are looking to migrate into a region rather than depart.
Miami: with a net influx of 8,600, surpasses New York City as the city of origin. Phoenix: … (2 comments)
realtorscottanddiana: 40% of ALL Orlando-Area Real Estate Purchases are ALL CASH ...the Highest Share in a Decade!
- 07/01/24 09:39 AM
It is universally accepted that Central Florida is one of the most Sought-After places to live in the USA for its weather, economy, and quality of life! Indeed, the USA is one of the most Sought-After Places to Move TO in the world…Our own Orlando Area is undoubtedly one of the most Sought-After Places to be in the ENTIRE PLANET! Just over one-third (34.1%) of U.S. home purchases last month Nationally were made in cash, up from 29.5% a year earlier and the highest share in nearly a decade, according to a report from Redfin. Our own state … (2 comments)
realtorscottanddiana: Orlando Area Residential Real Estate Snapshot for June 2024
- 06/24/24 09:27 AM
Market Pulse In June, the number of homes available for sale jumped to 10,282, which is a 9.7% increase from May when there were 9,376 homes on the market. This marks the fifth consecutive month we've seen an increase in inventory. The last time we had this many homes for sale was back in September 2016. Compared to June 2023, inventory is nearly double, up by 99.7%. On the sales front, we saw a rise of 5.4% from May to June, with 2,909 homes sold in June compared to 2,759 in May. This … (2 comments)
realtorscottanddiana: Homeowners who sell their properties "For-Sale-by-Owner" or to individual buyers grieve not using a real estate agent!
- 06/10/24 01:10 PM
According to a recent survey, sellers who do it alone are twice as likely to be dissatisfied with the process and to believe that their prior belief that "agents are overpaid" was incorrect. A recent Clever Real Estate poll of 1,000 home sellers found that those who choose not to engage a real estate agent are twice as likely to express dissatisfaction with the selling process. Respondents to the survey acknowledge that selling their house without a professional agent probably resulted in a lower profit margin and increased stress. … (2 comments)
realtorscottanddiana: Central Florida is listed as one of the Top 50 "Best Places to Live in the U.S." by Money Magazine!
- 05/28/24 08:51 AM
Central Florida real estate prices are skyrocketing—after all, the Orlando area is among the most sought-after relocation destinations in the country, if not the world. A recent list from Money.com included our cities in Central Florida among the greatest places to live in the country. According to Money, a number of factors were taken into account in order to identify the top 50 American cities, including economic opportunity, diversity, and the locations of people's best futures. According to the research, Atlanta is the best place to live because of its "booming jobs market and … (0 comments)
realtorscottanddiana: The Best Place in Florida to Purchase a Rental Property is Orlando! and among The Top Five Nationwide!
- 05/20/24 09:03 AM
According to Rent Cafe, Orlando, and the Central Florida Area are the BEST Places in Florida to Purchase and Own a Rental Home, ranking #5 nationally for rental properties. According to Rent Caf, the Florida metro regions of Orlando and Fort Lauderdale rank in the top 30 most desirable places in the US for rental properties. Rent Caf's evaluation of places to watch revealed that Orlando and Fort Lauderdale placed 5 and 26, respectively, for this year's rental activity. RentCafe.com saw an 18% rise in web traffic for these listings last year, as tenants preferred 105% more Orlando Rentals than the year before. Fort … (0 comments)
realtorscottanddiana: Study Shows the Best Month and Day to SELL your CENTRAL FLORIDA Home !
- 05/13/24 10:06 AM
A new study found home sellers see a 13.1% premium in May. The study also found that May 27th is the best day to sell a home, with a seller premium of 16.2%. The months of May, February, and April offer the highest seller premiums – making these months the best times to sell your home, according to ATTOM’s annual analysis of the best days of the year to sell a home. The property data analytics company ATTOM said data suggests that from early in the year through summer … (2 comments)
realtorscottanddiana: Indeed, this year is the perfect time for you to purchase a home in Central Florida!
- 05/06/24 10:17 AM
Orlando Region Waiting for reduced mortgage rates, more inventory, or other factors might prevent a buyer from ever owning a house in Central Florida! Owing to Orlando's past, 2024 seems like a good year to commit. Throughout Florida, mortgage rates are finally starting to decline; lately, 30-year fixed mortgage rates have been regularly found in the 5.6% level. After years of house sellers making all the decisions, it appears that the great American purchaser has finally gained leverage when combined with falling home prices and an increase in the supply of residential real estate. "2024 will be better for buyers," stated Alex Caras, … (1 comments)
realtorscottanddiana: Orlando Area Residential Real Estate Snapshot for March 2024
- 04/29/24 09:50 AM
Market Pulse In April, there was a significant increase in home sales, jumping by 17.7% compared to March, totaling 2,559 sales versus 2,174 in March. At the same time, the median home price for April rose to $386,500, up from $377,000 in March. Notably, April's median home price nearly matched the highest recorded monthly median home price in the Orlando area, which was $387,000 in June 2022. Pending sales also saw a substantial increase, rising by 9.4% from March to April, with 3,891 pending sales in March and 4,257 in April. New listings surged as well, increasing by 8.6%, with 4,124 new homes … (2 comments)
To find out what today's INTEREST RATES are here in Central Florida >>>>> CLICK HERE To find out about the State of Orlando's Real Estate Market, check our YouTube playlist >>>>> CLICK HERE CALL US for a personal Referral to one of my expert Mortgage Broker Partners who can answer All your Mortgage Questions…at no cost or Obligation! We want to help! These are rates directly from these entity's published information and have no bearing on the rates or fees you … (0 comments)
realtorscottanddiana: Purchasing a Home May Be Difficult in This Market. Home Buyers in Central Florida Could Care Less!
- 04/15/24 10:02 AM
Although the majority of prospective Orlando area buyers (55%) are aware of the current challenging market, most of them (54%) still intend to stick to their current objectives or expedite the Central Florida real estate process! According to Bank of America's 2023 Homebuyer Insights Report, many enthusiastic local homebuyers in Central Florida, particularly those in their 40s and younger, are moving forward with their plans to purchase homes even though they think the market is biased in favor of sellers. Over half of those who were considering buying a home in the Orlando region who responded to … (0 comments)
realtorscottanddiana: This is the Minimum Annual Income Requirement in Central Florida to Be Middle Class!
- 04/08/24 11:07 AM
Oliver Rust, head of product at independent inflation data aggregator Truflation, claims that the middle class is capturing a smaller amount of income than it did in the 1960s, 1970s, and 1980s. In an interview with Consumer Affairs, Rust stated that the percentage of the middle class in the United States has decreased from approximately 60% to nearly 40% in the two decades since the mid-2000s. Conversely, there has been a sharp rise at the very top and very bottom of the economic spectrum. The last few years have seen a sharp … (0 comments)
realtorscottanddiana: Central Florida and ORLANDO designated as Florida's hurricane-safe area!
- 03/25/24 12:30 PM
In Florida, where is the safest location to dodge hurricanes? Depending on who you ask, people are undoubtedly inquiring and searching online. And with good cause. According to NOAA, there are over seven hurricanes that hit the US on average every four years, and roughly three significant storms that make landfall every five years. Florida is the epicenter of 40% of all US hurricanes. Sixty percent of significant hurricanes make landfall in Texas or Florida. Any hurricane with maximum sustained winds of at least 111 mph that is Category 3 or above is considered a major storm. … (0 comments)
CALL US for a personal Referral to one of my expert Mortgage Broker Partners who can answer All your Mortgage Questions…at no cost or Obligation! We want to help! … (2 comments)
realtorscottanddiana: The region of Central Florida and Orlando is consistently ranked as one of the best places to relocate in the entire country.
- 03/11/24 12:16 PM
The Science is in …it demonstrates that our very own Central Florida and the Orlando-area region is among the nation's most sought-after places to live! The United States of America is considered the best country to live in. As a result, our Metropolitan Area of Orlando is considered to be among the most desirable locations to relocate to on the entire planet! However, Chicago produced more buyers for Cape Coral, ranked seventh. Recently, Florida and Central Florida have remained among the most popular states to move to despite most people … (0 comments)
realtorscottanddiana: Unlock Your Orlando Dreams: Why Now is the Perfect Time to Buy or Sell Your Home?
- 02/26/24 11:08 AM
Market Pulse Inventory for February was recorded at 8,217, up 4.8% from January when inventory was recorded at 7,838. The median home price for February was recorded at $360,000, down from $367,250 in January. This is the third month in a row that the median price fell. The median price has dropped $17,000 since October 2023. February’s interest rate was recorded at 6.5%, down slightly from 6.6% in January. This is the third month in a row that rates have fallen. Overall sales fell 13.3% from January to February. There were 1,719 sales in February, down from 1,982 sales in January. This is the eighth … (0 comments)
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