Real Estate Blog

by: Danielle Hendrix Staff Writer West Orange Times & Observer

ORANGE COUNTY  While West Orange-area development is booming, the Orange County Board of County Commissioners voted Tuesday to raise the school-impact fees for residential construction.

Impact fees are collected from developers and builders by the county, and the revenue is used to fund public facilities nearby. School-impact fees will go toward funding and maintaining current and future schools.

In 2011, the BCC adopted new school-impact fees of $6,525 for single-family homes and $3,921 for multi-family units. The fees will be introduced in two phases, with the first beginning Oct. 1 and the second on Jan. 1, 2017. In the first phase, the fees for single-family homes will increase by

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WASHINGTON — U.S. home prices continued their steady upward march in February as buyers competed for a limited number of available properties.

The Standard & Poor's/Case-Shiller 20-city home price index rose 5.4 percent that month compared with a year earlier, according to a report released Tuesday. That's down slightly from January's 5.7 percent rise.

Prices are rising even as sales have leveled off in recent months.  Read more>>

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The likelihood of home price declines across the United States over the next two years remains low at 5 percent, according to Spring 2016 Housing and Mortgage Market Review published by Arch Mortgage Insurance Company (Arch MI). For most of Florida, the risk is even lower.

Statewide, Florida's risk of a price decline over the next two years is only 2 percent in 24 Florida counties, including Miami-Dade and Broward. And the likelihood in a handful of other places, such as Palm Beach County, is only 3 percent.  Read more>>

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Orlando's homebuying season kicks off with a decline in inventory, increase in median price

The traditional start to Orlando's homebuying season April 1 finds buyers continuing to grapple with a dwindling inventory that in March pushed home prices up 10 percent and restrained sales by 4 percent. Read more>>

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The proposed two-story building, which will be located at the intersection of Conroy-Windermere and Apopka-Vineland roads by The Grove shopping center, still includes both commercial and office space, along with what will be a drive-through coffee shop. Plans still include 15,000 square feet of retail space on the ground floor, but reduced the upstairs office space slightly from 16,500 to 16,000 square feet. READ MORE>>

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The National Association of Realtors said Monday that sales of existing homes fell 7.1 percent last month to a seasonally adjusted annual rate of 5.08 million.

Don’t forget that the Real Estate market is local. 

One of the biggest reasons home sales were down in February, both locally and nationally is because the average number of homes on the market has gone down. Homes are selling briskly, we have clients who want to buy but they do not feel they have enough to choose from; when we do find a home they likely have to compete with several other buyers.

Refer to our Real Estate blog post from March 21st for the latest Orlando area market report. 

If you are considering selling your home now is an excellent time. Call us for a confidential,

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