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Orlando, FL Real Estate News

By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”Here...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008.The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.Here’s the latest information stacked against the historical data to put your mind at ease.The Headlines Make the Increase Sound Dramatic – But It’s NotThe increase the media is calling attention to is a little bit misleading. That’s because it’s comparing the most recent numbers to a time when foreclosures were at historic lows. And that lopsided comparison is making it sound like a much bigger de...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights When it comes to the current housing market, there are some myths circling around right now. Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments.  Let’s connect so you have an expert to help separate fact from fiction in today’s housing market.  Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 641-1531Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contai...
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By Melinda Brody
(Melinda Brody and Company)
Melinda Brody and Company Inc. was established in 1986 and is headquartered in Orlando, FL.  Specializing in the New Home Industry MB&C provides a full service solution to help new homebuilders sell more homes! ê  Video Mystery Shoppingê  Sales Seminars ê  Coachingê  Sales Training Products Melinda Brody, MIRMPresident sell@melindabrody.com 407-294-7614 ext 301 After setting records for many years as a top closer in sales, and serving as a National Sales Trainer, Melinda formed her own sales training company offering high energy, "real world" sales seminars, mystery shopping, and training tools. She travels the country conducting seminars and inspiring new home sales representatives with her seminars exclusively tailored to the new homebuilder industry. Additionally, her "state of the a...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
I specialize in working with First Time Home Buyers and have heard this line time and time again. I love the house, everything is perfect, but "I just purchased a new_____ (bed, table, couch) and it wont fit in the _________ (bedroom, dining room, living room)" You fill in the blanks, but either way you fill it in, it's still the same sad excuse.  Part of my job as a buyers agent for First time home buyers is to help educate you and help you see past the little hurdles that often times hinders buyers from purchasing the right home. Your furniture is not part of the buying process. Stick to your needs and wants list. I understand you recently purchased a new oversize couch and that you are proud and happy of this purchase because it's your first real piece of furniture. It's not a couch...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Downtown Orlando residents have battled for years to bring a big screen movie theater to the downtown Orlando area. It's one of the missing key components to make Orlando a true city. We thought our dreams were realized back in 2006 when Kuhn had started building a theater in the Solaire / The Plaza building. Of course over the past year or so those dreams have been dashed continuously, until recently. The long-anticipated, 12-screen downtown movie theater will open in The Plaza on Orange Avenue in July — really! The reason this time is different is because the city is behind the deal and is giving the money necessary to obtain the movie theater operator. The firm that purchased the space wants to create a high-end experience at the theater and has plans for new seating with fold-out t...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Santa and all his friends will be visiting Orlando residents this Sunday, December 14th in a very magical way. Before he makes his appearance there will be a full day of free and fun activities for the whole family. Since 1934, generations of families have been spoiled with "free" non-stop holiday entertainment during this show-stopping parade. But before the parade there will be, Holiday in the Park to be held at Lake Eola Park featuring food & commercial vendors plus entertainment. Talent performances will take place as scheduled on the Lake Eola stage from 12:30 until 5:00pm, on Sunday, December 14th. FREE!!! Performances include future Expressway to the Stars contestants, Renaissance Fair demonstrations, and song and dance production numbers by The Pop Shop and Authur Murray Dance ...
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Mid-State Appraisals is Orlando and Orange County's preferred residential real estate property appraiser providing high quality, competent appraisals in a timely manner. http://www.midstateappraisals.org midstateappraisals@earthlink.net  Office: 352-242-9973  Cell: 352-636-6672  Fax: 352-242-4912 Mid-State Appraisals founder Paul F. Davis has outstanding qualifications: - State Certified Residential Real Estate Appraiser (License RD # 2667)   - Licensed Real Estate Broker (License BK # 161133)   - State Certified Building Contractor (License CBC # 040794)   - Over 20 Years of Professional Service to Orlando and Central Florida   - Unparalleled Knowledge and Outstanding Experience   - Efficient, Attentive, and Committed to Clients Needs   http://www.midstateappraisals.org midstateapprais...
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By Alexander Harb, Dallas, Texas Real Estate Investing
(Knights Investing)
      View Larger Map       Hello there!! This post will the show trends in the Orlando and central Florida real estate marketplace, as they are happening. In November, the Orlando and central Florida real estate median sales price of about $167,000 declined over 28% when compared November 2007's median sales price of $234,900. It is also a decline of almost 5%when compared to the median sales price in October 2008 of $175,650.   Orlando and Central Florida real estate SALES PRICES ARE SLIDING EVEN MORE!!!   This is pushing UP the affordability index to over 135% The median income for Florida residents is almost $52,000. If YOUR family income is at that level or higher,there are OVER 11,500 homes that are on the central Florida market for $226,000 or less THAT YOU CAN QUALIFY TO OWN.   ...
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By Joshua Dubin
(Keller Williams Advantage II)
Orlando, Florida Bank Owned Properties - December 11th, 2008 In Orlando, Florida real estate market currently we have seen a large increase in the number of bank owned properties on the market.  Working as a very active residential buyer's agent for the past 5 years has allowed me to see all stages of Orlando's Real Estate market.  While many times buyer's who are looking for the best bargains are interested in foreclosures, bank owned properties have emerged as the best opportunities to score the deal of a lifetime. " The deal of a lifetime comes along about once a week, for those who know how to find it." - Joshua Dubin Bank Owned Properties are the best for a number of reasons.  Bank Owned Properties have the best opportunity because banks are not in the business of owning properties...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
This is a guide to a smattering of events occurring in the Orlando Central Florida area. The sections are divided into Art, Music, Theater, Author, Etc, On-Going and Plan Ahead. There is surely something for everyone. For up to date Holiday Events & Programs, visit Holiday Happenings & Home Tours in Central Florida. THEATER & FILM MOVIE UNDER THE STARS What: outdoor screening of It's a Wonderful Life When: December 12 - 8pm Where: Avalon Park 13001 Founder's Square Drive Orlando Cost: Free Contact: 407-658-6565 ART MEET THE ARTISTS What: 22 watercolor artists & exhibit "Watercolors Unlimited" with musical entertainment by Bernie Lee Quartet. When: December 11 - 6 - 8pm Where: Steinway Piano Galleries Renaissance Center 303 E. Altamonte Drive - Ste. 1225 Altamonte Springs Cost: Free Cont...
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By David Welch, Real Estate Optimist - #OrlandoRealEstate
(Charles Rutenberg Realty)
The official numbers are out, and sales continue to show improvement over last year with 1,076 compared to 1,029. Prices continue to show improvement too if you are a buyer. The median price for November was down to $167,025 compared to $234,900 last year. That is a 28.9% decline in the median price year over year. The average interest rate was also down to 6% compared to 6.3% last month. The decline in prices and interest rates has lead to a huge jump in the affordability index to 135. With sales up, so are new contracts and the total number of contracts. New contracts were up to 1,644 compared to 1,193 last year, and the total number of pending contracts is up to 3,326 compared to 1,806 in '07. The inventory of homes available for sale was also down by 249 compared to October, but sti...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
The following are the market sales statistics for Orlando, Orange County, Florida for November 2008.  Orlando is made up of a multitude of zip codes.  For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas. A couple of definitions are in order. The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices. So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active. The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of pro...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
What's Hot and What's Not Week in Review - 12/08/2008 Past Weeks: 10/06/2008 10/13/2008 10/20/2008 11/04/2008 11/10/2008 11/18/2008 11/24/2008 12/01/2008 Each week will feature the hottest sales and listings in Orange County and Seminole County, FL. As to not offend anyone we will not be listing the Nots. This week we are showing the most lavish homes in the Orlando Real Estate Market from Downtown Orlando to the Winter Park. Orlando Luxury Real Estate at it's finest. Hottest Home of the Week JUST SOLD: This weeks hot home sale is located at 1908 LAKESIDE DR ORLANDO, FL in ROSE ISLE. STUNNING LAKEFRONT HOME! Exclusive Rose Isle neighborhood. Perfectly located betweeen Downtown & Winter Park this traditional style custom built beauty will take your breath away! Lake Rowena views from al...
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By Brady Pevehouse, Your Orlando Real Estate Professional
(RE/MAX Downtown)
While I admit last weeks sales look a little strange across the board on all the communities I am researching, I have no idea why the numbers are so high. As you can see the numbers this week for Avalon Park Real Estate appear to be more in line with the averages we had seen in the past as indicated by the first line.As of the week ending 11/27/2008 Avalon Park still has 152 homes for sale that need third party approval. This equals out to being 41% of the Avalon Park homes for sale are in foreclosure or short sale status. This week there are also 23 properties that are bank owned and available for a quick sale if needed. Date AVG 11/08 11/15 11/22 11/29 Properties for sale in Avalon Park 399 372 388 398 373 Foreclosure properties listed since last post 5 8 6 3 2 New Non-Foreclosure lis...
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By Brady Pevehouse, Your Orlando Real Estate Professional
(RE/MAX Downtown)
Date AVG 8-Nov 15-Nov 22-Nov Properties for sale in Avalon Park 399 372 388 398 Foreclosure properties listed since last post 5 8 6 3 New Non-Foreclosure listings since last post 9 25 10 7 What's sold in Avalon Park since last post 2 8 7 4 Foreclosures in Avalon Park since last post                                                             0 3 2 4 Non-Foreclosures sold since last post 2 5 5 0 What's under contract 90 74 78 88 Foreclosures under contract in Avalon Park 49 36 37 41 Non-Foreclosures pending in Avalon Park 43 38 41 47 The 4 properties below are the sales that occurred in Avalon Park, during the past week. You will notice that they are in red because they were all foreclosure properties that needed lender acceptance and approval due to them being short sales. Avalon Park ...
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By Brady Pevehouse, Your Orlando Real Estate Professional
(RE/MAX Downtown)
                                  Date AVG 8-Nov 15-Nov Properties for sale in Avalon Park  399 372 388    Foreclosure properties listed since last post 5 8 6    New Non-Foreclosure listings since last post 9 25 10 What's sold in Avalon Park since last post 2 8 7    Foreclosures in Avalon Park since last post 0 3 2    Non-Foreclosures sold since last post 2 5 5 What's under contract 90 74 78    Foreclosures under contract in Avalon Park 49 36 37    Non-Foreclosures pending in Avalon Park 43 38 41 Avalon Park did see a little activity this past week of 11/08/2008 thru 11/15/2008.You will notice below that the properties in red are foreclosures that sold and the properties with the * are bank owned homes that sold within Avalon Park.I have noticed that the bank owned homes are moving rat...
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By Brady Pevehouse, Your Orlando Real Estate Professional
(RE/MAX Downtown)
This is the market report for Avalon Park, from the details below you can easily see that foreclosures are taken into account in both current market statistics as well as the sales that have occurred. Date AVG 11/08           Properties for sale in Avalon Park 399 372           Foreclosure properties listed since last post 5 8           New Non-Foreclosure listings since last post 9 25           What's sold in Avalon Park since last post 2 8           Foreclosures in Avalon Park since last post 0 3           Non-Foreclosures sold since last post 2 5           What's under contract 90 74           Foreclosures under contract in Avalon Park 49 36           Non-Foreclosures pending in Avalon Park 43 38           The properties that sold over the past 2 weeks are as follows: Please keep in ...
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By Rick Belben, Orlando Real Estate - Belben Realty Group
(Belben Realty Group)
"Now is a Great Time to Buy a Home" 1) Interest Rates are at Historic lows.  Good Financing is available. 2) Large selection of homes to choose from.  3) Get More for your Money. 4) Potential Tax Savings Some Great Deals out there!!! Waiting for the absolute bottom to hit before buying puts you at risk of missing it and getting caught up in a market on the upswing. Call Rick Belben at (407) 341-1706 for help on purchasing your new home. Start searching for your home on my website Apopka FL Real Estate Rick BelbenAmerivest Realty of Central Florida(407) 341-1706 http://www.RickSellsFlorida.com   Click Here to apply for a Mortgage Loan  
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By Rick Belben, Orlando Real Estate - Belben Realty Group
(Belben Realty Group)
Looking to Apply for a Mortgage Loan?    Barry Botwin is highly recommended! Experienced Mortgage Broker As a professional in the mortgage lending industry, Barry Botwin has built his reputation on providing outstanding service to his clients. That means you can count on him to always look out for your best interests, and to keep you informed throughout every step of the lending process. Please don't hesitate to give Barry a call if you have questions about applying for a loan. Barry Botwin Loan OfficerContemporary Mortgage Services Inc 498 Palm Springs Drive Suite 220Altamonte Springs, FL 32701 Office: (407) 834-3377 Ext. 131 Cell: (407) 234-0329 Fax: (407) 834-1344  Email: barry@contemporarymortgage.com Click here to apply for a Loan Click here to get "Free" Consultation  FHA Loans, F...
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By Vincent Paige
(Century 21 Elite Home Finders)
  Step 1: Spiff up your credit Good credit can lower your mortgage interest rates, potentially saving you hundreds of dollar a month. Order a credit report (usually free online). You can dispute any mistakes, but the most important thing is to build up good credit from here out. Lenders want clients who can pay bills on time and who don't owe too much to anybody else. Automated bill-paying services help. Stop applying for credit cards just for a free T-shirt or shuffling your debt around. Consider closing some of your accounts, but that's tricky. Maxine Sweet, Vice President of public education at Experian, says lenders don?t want to you to owe near your limit, which can happen if you consolidate to one card. Your score can dip temporarily when you make any big change -- even for the b...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
While the month of November does have a few Holidays in the month, the Downtown Orlando still had strong closings. The area's I have chosen range from SODO area, Downtown Orlando and Colonial Town.   The area saw a total of 45 sales for the month of November. There are currently 858 properties for sale at the current absorption rate it would take 19 months with no new listings coming on the market to sell all the homes in the Downtown area. The least expensive property sold for $59,000 it's a 1/1 condo located in Park North.   The most expensive property sold for $800,000 it's a 3/2.5 home located on Lake Ivanhoe   Type of Property      Units Sold Condos :                         12 Townhomes:                     2 Single Family:                  31   If you are looking to buy or sell r...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Heather's Top Picks Bank Owned Real Estate Around Orlando, FL This weeks picks: 12/06/2008 This is a new edition in a series of blogs about Real Estate in Central Florida. I currently blog about What's Hot & What's Not in Orlando, a weekly look at the top listings for sale and recently sold properties. This series will go over my top picks of bank owned real estate in both Seminole & Orange County, FL. I will break down my top picks by area and price points. Each week will feature a new list of real estate for sale. Definitions: REO stands for Real Estate Owned or Bank Owned and it refers to a property that has gone back to the bank, or the mortgage company, after an unsuccessful foreclosure auction. A short sale is a property that is for sale where the value of the property is less th...
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