Disney Orlando Real Estate News Blog Articles, Market Updates & More

Holidays are a special time of year. Many people will be traveling to their favorite places. Some of us will be spending the season at the homes of family or friends. Others will head off to a nurturing, peaceful vacation home. For a lot of us, the holidays mean hitting the road and going someplace fun.

Although we often associate vacations with summer, some of the most memorable getaways occur during the December-to-January holiday season. And the truth of the matter is that not everyone wants to make merry in cold weather! Pretty as it can be, a white Christmas can also mean shoveling snow, icy roadways, windy blizzards and hazardous travel. Sometimes the best winter holidays are those spent in warm and balmy climes.

We at Carlos German & Team…

As you’ve probably seen, we have made some upgrades to our website. The new features had actually been in the works for about five months as nothing we do here at Carlos German And Team is taken lightly. Our online presence has really been a hit with customers and we didn’t want to take away the things you already love but we certainly wanted to make sure we stayed on the leading edge. However, in order to do that, some upgrades had to be added to our website to make your experience much easier than it has ever been.

Not only that, but there were many upgrades that needed to be done behind the scenes for performance, management of listings, management of inquiries, leads, follow up emails, property emails, etc. In the end, what we have today is…

Prices are rising in Florida: Florida cities have had the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Florida cities make up 9 of the top 10 places for highest year-over-year list price spikes, based off of August data of 2.2 million listings in 146 markets.

Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.

Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.

1. Miami
Average list price: $640,332
Year-over-year increase: 27.4%

2. Fort Myers-Cape Coral, Fla.
Average list price: $443,570
Year-over-year increase: 26.27%

3. Central-Fla.-RSA
Average list price: $405,809
Year-over-year increase: 19.41%

4.…

Orlando’s economy vastly hinges on tourism. One would imagine with the recent recession that numbers are down, but here are some of the facts. Tourism accounts for nearly 380,000 jobs in the tri-county area (31% of total employment in the Orlando three-county area). 2009 had $27.6 billion in visitor spending.

2009 brought more than 46.5 million visitors to Orlando, roughly a 6% drop from 2008. That accounts for domestic and international visitors for both leisure and business. 2010 on the other hand brought 51.45 million visitors, a 10.5% increase from the previous year, as you can see on the table below.

You can see significant increases all around except for in business and in visitors from UK.

Overnight visitors account for nearly two-thirds (64%)…

After seeing modest attendance gains in 2010, Florida theme parks have high hopes for 2011 and going into next year. Indirectly, this is good news for real estate investors and second home owners, with better attractions and new venues in the area, resort style communities will surely be in higher demand.

Many of Central Florida’s main destinations have added new attractions this year. Disney’s Hollywood Studios revamped its Star Tours ride with a 3D Star Wars theme. Disney’s Animal Kingdom offers an add-on experience which allows guests to join a small group on a guided expedition to see the park’s wild animals on foot and by special vehicles. Sea World features a new whale show called “One Ocean.” An hour away in Tampa, Busch Gardens is touting its new…

Foreign buyers are eyeing property in the US now more than ever with a $16 billion surge this year in international purchases. Total residential international sales in the US amounted to $82 billion in the year ending in March 2011, up from $66 billion in 2010.

“The U.S. has always been a desirable place to own property and a profitable investment,” said NAR President Ron Phipps. “In recent years we have seen more and more foreign buyers coming here to take advantage of low prices and plentiful inventory. In addition to the advantageous market conditions, REALTORS® in this country have a global perspective and experience in working with clients from different cultures and real estate practices, helping them bring value to their international…

News gets better in the housing market as foreclosure filings dropped to over a three year low in April.  This is great as fewer home owners are losing their homes. It is said that the slowdown is coming from delays in processing foreclosure paperwork but optimists believe the end of the crisis may be near as inventory level reduces and sale numbers rise in many areas of the country.

The numbers don’t lie.  Foreclosure filings (notices of default, scheduled auctions, and bank repossessions) sank 34 percent from a year ago last month, making the lowest it’s been since December of 2007.  8.6 percent less homes were repossessed in April than in March and that’s a 32 percent drop from last September’s high point.

Hope of improvement is present; with the…

So what has been going on with interest rates lately? It is important to know that according to all relevant surveys and expert opinions, mortgage levels will see little change in the current rates. The 30-year fixed mortgage rates tend to fluctuate in unison with the yield on the ten-year treasuries. This is not to be confused with the Prime Lending Rate that typically receives the most press. Ten-year treasuries are used to partially fund the national debt in the United States. Since the debt continues to grow, we have to continue to attract more overseas capital to fund our debt. When this capital starts to seek other safe havens and begins to dry up, the interest rate on the ten year notes start to climb in an attempt to attract more capital. The old…

At last there are rebounds in the real estate market… Vacation Home sales have been reported at soaring levels that have not been seen since the days of the housing boom, according to The Wall Street Journal. Deep discounts and cash purchases are the reason according to analysts, in various areas across the country, and certainly the rise has been felt here in Florida.

What does that mean for you? It means that now is the time for ACTION. If you are looking to buy or wanting to sell Vacation Properties, then we should be talking today.

Sales across Florida are rising, for example in Palm Beach there has been a nearly 40 percent increase over the past year from 2009. Buyers are coming off the sidelines and stepping up to the plate to take advantage of…