September 2010

There are 2 blog entries for September 2010.

While analysts talk about a double dip recession, we are seeing signs that point to a healthier, recovering and somewhat stable, real estate market. Home prices were up 1% this past June from May according to S&P’s 20-city home price index, up a total of over 4% from June last year. Despite a drop in sales for July this year’s annual sales are still expected to reach 5 million, beating out the average of 4.9 million of the past 20 years, and home prices nationally have continued to increase according to the National Association of Realtors.

In the second quarter of the year, 100 out of 155 MSAs (metropolitan statistical areas) had higher median existing single-family home prices in comparison to the previous year, and 91 for the first quarter.

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People are moving at record pace to purchase Orlando real estate. So what is it about living minutes from Disney World that is so amazing? The Orlando area is one of the most serene and beautiful vacation areas our country has to offer. The market for homes in Florida right now is fantastic! Young entrepreneurs, families and even international investors are all buying up real estate around Disney World.

Why the rush to buy vacation property in Orlando? Prices and interest rates are lower than ever. With good credit, one can mortgage a vacation home with an interest rate as low as 4%. Rates that low are unprecedented in the area. .

The Orlando area offers a great diversity of attractions and culture. From award winning golf courses, resorts and swimming

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