The median price of Orlando homes sold in January increased nearly 14 percent of January of 2015, amid an inventory level that has seen year-over-year decreases for the last seven months.The overall median price (all sales types and all home types combined) for the month of January 2016 is $176,500, a 13.87 percent jump compared to the $155,000 median price in January 2015. >>Read more
Courtesy of Susan Brewer Service First Real Estate; Fellow Member of Who’s Who in Luxury Real Estate
Are you planning a bathroom remodel in 2016? If so, you’re not alone; the National Association of Homebuilders predicts a 6 percent increase in remodeling in the coming year. Some of those remodeling homeowners will seek upgrades to transform their bathrooms into true oases of luxury, beauty and efficient functionality.
Bathroom renovations remain among the most popular home improvement projects, and can greatly enhance not only real estate value but your enjoyment of your home as well. From high-end fixtures that clean themselves to smart showers, CLICK HERE for the leading-edge bathroom upgrades that add luxury and value to your bath!
Orlando housing market ends 2015 with a 15 percent increase in annual sales; 9 percent increase in median price
Orlando's 2015 median price ($178,788) finished a healthy 9.02 percent higher than the 2014 annual median price ($164,900), thanks to a full 12 months of year-over-year price increases. Sales for 2015 finished 15.46 percent above the cumulative total sales for 2014. Read more »
- The median age of first-time home buyers will set a new record in 2016. Buyers are already about three years older, on average, than they were in the 1980s.
- More low-income Americans will be priced out of homeownership. Home values are rising faster than incomes, so in 2016, the poorest Americans will be unable to afford even the least expensive homes.
- Rents will soar in 2016, bringing the highest median rents ever.
- People will move outside cities to find affordable homes, and that will change the suburbs. Hot spots for 2016 will be dense, walkable suburbs with urban amenities.
- More than 100 economic and housing experts in the latest Zillow Home Price Expectations Survey pinned home value growth at about 3.5 percent in 2016.
NEW YORK – Oct. 20, 2015 – Homeowners' net worth is significantly higher than renters. A typical homeowner's net worth is $195,400 compared to a renter's $5,400, according to the Federal Reserve's last data from 2013.
The Fed's next survey of household finances, which is conducted every three years, is due out in 2016 and the renter to homeowner gap is expected to widen further due to price increases. To read more click here
Spruce up your home for fall with layers of cozy, autumnal elements that will take you all the way from the start of the season through Thanksgiving. Click here to read more.
Orlando consumers chased the traditional summertime homebuying wave to its tail end and racked up 22% more home sales in August of 2015 than in August of 2014. Buyer demand also helped swell the median home price by 11%, which marks the greatest month-over-month percentage increase this year. Read more...
Orlando’s summertime sales stampede continued through July, which saw closings of existing homes increase more than 33 percent, reports the Orlando Regional REALTOR® Association. In addition, the area’s median price experienced yet another rise in July, marking 48 consecutive months of year-to-year increases. The July 2015 median price is now 59.20 percent higher than in July 2011.
To read the full article click here.
A leap in “normal” transactions has boosted Orlando area home sales more than 21 percent over June 2014 and to its highest number (3,435) since the Orlando Regional REALTOR® Association began recording sales. In addition to skyrocketing sales, the median price for existing homes sold in June increased 7.73 percent. Read more