Found 3 blog entries tagged as Orlando Market.

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…

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In the world of New-Home sales, the future is beginning to brighten up. Surpassing expectations, the government reported that sales of new homes increased by nearly 7 percent in September. But you’re thinking, what should I expect if I’m looking to sell my current home? Recent reports show that sales of existing homes rose 10 percent, leading experts to believe the housing demand is again on the rise after it bottomed out in late summer.

While this is good news, new-home sales are still 21.5 percent below where they were last year. The first-time homebuyer tax credit is much to blame for this difference. Prices are rising slowly, but rising nonetheless. Barclays Capital economist, Nicholas Tenev says that it looks like new home sales have finally…

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Members of the Orlando Regional REALTOR® Association filed 4,043 new sales contracts in the month of February, the greatest monthly tally since 2005!  That is a jump of 66.1 percent from last February’s numbers. 

“The new-contract statistic is an important indicator to consider in our current market, as it reflects real-time buyer interest. I expect activity in this category to continue to pick up into late spring as buyers take advantage of the tax credit before its April 30 deadline”, said ORRA Chairman of the Board Kathleen Gallagher McIver, RE/MAX Town & Country Realty. 

More good news:  the median price of all existing homes combined sold in February 2010 increased 7.06 percent from January 2010.  February’s median price was $109,200, which includes…

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