Short Sales Hit Luxury Home Market

February 1, 2010

If you mentioned a short sale five years ago many people wouldn’t have known what you were talking about. Times sure have changed, and most people now realize that if you need to sell your home, and you owe more than it’s worth, you will in most cases want to consider selling your home as [...]

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FHA Changes Loan Requirements For Buyers

January 22, 2010

FHA Reduces Buyer’s Closing Assistance to 3% – In an effort to reduce its financial risk and strengthen its reserves, FHA has made some changes that will affect many future home buyers. Here are the key changes: 1) Mortgage Insurance Premium Increase – The upfront fee will increase to 2.25% of the loan amount. 2) [...]

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Orlando Foreclosure and Short Sales Statistics: December 2009

January 15, 2010

Short Sales Create Traffic Jam in Orlando’s Real Estate Market: We get so many questions about short sales, foreclosures and the difference between the two. To answer some of the questions, we decided to compile some real time numbers from the Orlando MLS. As we began compiling this information, it became clear to us that short [...]

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Orlando Real Estate Report – December 2009

January 11, 2010

Orlando’s Real Estate Market Finishes 2009 Strong: The number of unsold homes in the Orlando area decreased to 18,903. This brings Orlando available listings of unsold homes to a ten month low. The number of unsold homes is now at 18,903, down from 19,724 in November, which leaves 821 less homes for sale in the [...]

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Home Buyer Tax Credit Extended and Expanded for 2010

January 2, 2010

Many of you have asked me about how the new and now expanded Home Buyer Tax Credit works. I put together this blog post to clear things up: On November 6, 2009 the new home buyer tax credit was passed. Under the new law, an eligible taxpayer must buy, or enter into a binding contract [...]

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Orlando Real Estate Report – November 2009

December 12, 2009

Orlando’s Real Estate Market Slows in November—the number of unsold homes in the Orlando area increases slightly after nine months of decline. The number of unsold homes is now at 19,724, and up from the 19,455 homes that were available in November. This leaves 269 more homes for sale in the Orlando area than one [...]

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Orlando Real Estate Report – October 2009

November 19, 2009

Orlando’s Real Estate Market Continues to Improve – The number of homes for sale in the Orlando area continues its nine month decline. The number of unsold homes in October slid again to 19,455, down from 19,623 in September. This leaves 168 less homes for sale than one month ago. The Avalon Park Center located [...]

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Orlando Real Estate Report – September 2009

October 12, 2009

Orlando’s Real Estate Market Continues to Improve – And the number of homes for sale in the Orlando area continues its eight month downward trend. The number of unsold homes in September slid to 19,623, down from 20,434 in August. This leaves 811 less homes for sale than one month ago. The Dellagio Town Center [...]

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Orlando Real Estate Report – August 2009

September 16, 2009

Orlando’s Real Estate Market Continues to Improve – The number of homes for sale in the Orlando area continues its downward trend. The number of unsold homes in August slid to 20,434, down from 21,519 in July. This leaves 1085 less homes for sale than one month ago. Avalon Park’s Town Center Median Home Price [...]

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Orlando Home Inventory Balance Between Buyers & Sellers.

August 20, 2009

Orlando homes inventory for this month’s featured communities fell to a very balanced 7.28 months on hand of unsold homes. Most Experts point to a 6 to 9 months of inventory on hand as a balanced real estate market. This month Hunter’s Creek’s sales surged to a 24% turnover rate, leaving only 4.11 months on [...]

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