Found 20 blog entries tagged as Orlando Real Estate.

The market may be struggling to recover in America overall, but there are a few markets that are currently seeing good conditions for buying and rising sales. We're happy to say that Orlando is improving faster than most places, and it looks like a great time to buy.

Consider the facts: According to the Florida Realtors latest housing figures, home sales increased by 12 percent in March compared to last year with over 18,522 total homes sold across the state. Condo sales are doing even better and are up 24 percent across the state in the same period. Seventeen metropolitan areas reported higher home sales.

But, even though sales are up, it's an excellent time to be a buyer because prices are down from last year. The median price for homes in March…

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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…

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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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You wouldn't believe how many questions I receive from Canadian residents interested in purchasing properties in Florida and other parts of the United States. There are certain things to consider as a Canadian resident interested in purchasing property in the US, but they aren't anything that can't be overcome without some help from your realtor.

  • One of the questions that frequently comes up is simply "Can a Canadian resident like myself purchase a house in the US?" Yes. You pay for the house and receive a title, just like with any local purchase. Residents of Canada interested in financing a home in the United States as opposed to paying cash, should look towards Canadian banks that have branches in the United States.

  • Another concern many Canadian…

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We are in interesting economic times. You can’t turn on a national news network without hearing the talking heads go on about the economic downturn, soaring national debt and the unemployment rate. But the news is not all bad!

The housing market crash has caused real estate prices and mortgage rates to be at an all time low! Now is truly the time to look into purchasing a vacation home. There are plenty of beautiful vacation condos in the Orlando area selling for only $50 thousand. Luxury homes in gated resort communities have for sale signs in their lawns and price tags as low as $100 thousand.

The obvious reason to purchase a vacation home is to have a beautiful location to kick back and relax. But there’s actually more to the picture than this. Prices…

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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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Sales of existing homes in Florida rose 15 percent in June, marking 22 consecutive months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®.

A total of 18,038 single-family existing homes sold statewide last month compared to 15,732 homes sold in June 2009, according to Florida Realtors. June’s statewide existing home sales increased 7.7 percent over statewide sales activity in May. Meanwhile, June's statewide existing-home median price of $143,400 was 2.1 percent higher than May’s statewide existing-home median price of $140,400. It marks the fourth month in a row that the statewide existing-home median price has increased over the previous month’s median.

Fifteen of…

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Increases in the median sales price of both bank-owned homes and short-sale homes have helped Orlando’s overall median home price increase for the third consecutive month, to $115,000!

Members of the Orlando Regional REALTOR® Association reported an increase of 32.74 percent on completed home sales from April 2009 to April 2010. In addition to this great news is the fact that the number of new contracts filed in April 2010, is an increase of 53.02 percent over April of last year!

Another indicator that the real estate market in Florida is improving is that there are 86.18 percent more homes (10,832) under contract and awaiting closing in April of this year than in April of last year (5,818).

Orlando Regional REALTOR® Association Chairman of the…

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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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