Real Estate Blog

American consumers are feeling more positive about the U.S. housing market, according to government-backed mortgage giant Fannie Mae, a sign that home sales and inventory may increase in coming months. The Fannie Mae October 2014 National Housing Survey  found that the number of people who believe it is a good time to sell a home rose to 44 percent, a new all-time high in the survey’s four year history. Consumers still think the housing market is more of a buyers’ market as 65 percent said it is a good time to buy, but that percentage was a decrease from last month. Read more...
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WASHINGTON (AP) — Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market. Click here to read more.

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Orlando home sales declined in August while the area’s median price continued its upward trend, albeit at a slower pace, reports the Orlando Regional REALTOR® Association.

The overall median price for August is $165,000, a 6.45 percent increase over August 2013 and a 3.48 percent decrease compared to last month. Orlando’s overall median price has now recorded year-to-year gains for 38 consecutive months and has risen 42.86 percent since July 2011. 

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Orlando home sales declined in August while the area’s median price continued its upward trend, albeit at a slower pace, reports the Orlando Regional REALTOR® Association.

The overall median price for August is $165,000, a 6.45 percent increase over August 2013 and a 3.48 percent decrease compared to last month. Orlando’s overall median price has now recorded year-to-year gains for 38 consecutive months and has risen 42.86 percent since July 2011. 

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The metro areas with the largest median sales price increase since last year: 

  1. Sacramento, Calif.: $267,000, 15% year-over-year increase
  2. Austin, Texas: $266,000, 14% year-over-year increase
  3. Las Vegas: $182,000, 12% year-over-year increase
  4. Houston: $215,000, 12% year-over-year increase
  5. Orlando, Fla.: $154,000, 11% increase year-over-year increase
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By Mary Shanklin, Orlando Sentinel

3:07 p.m. EDT, July 22, 2014

Metro Orlando's housing market is not experiencing the big year-over-year price gains it saw in 2013, but increases in the four-county region continue to outpace the state's, a new report shows.

The metro area, which includes Orange, Seminole, Osceola and Lake counties, had a median price of $185,000 for single-family homes that sold in June, according to a report by Florida Realtors. Prices increased 8.2 percent from June 2013. Even though those increases were not as high as the 20 percent annual price escalation in the region last year, the appreciation outperformed recovery statewide.

Florida's median home price was the same as Orlando's last month, but that

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The overall median price for the month of April is $163,000, a 13.43 percent increase over April 2013.
Orlando’s overall median price has recorded year-to-year gains for 33 consecutive months and has risen 41 percent since July 2011.

Members of ORRA participated in the sale of 2,630 homes in April 2014, a decrease of 4.99 percent compared to April 2013.

“Normal” (not short sale or bank owned) home sales in Orlando increased by 9.55 percent when compared to April 2013 and now make up 67 percent of the sales pie.

Homes of all types spent an average of 77 days on the market before coming under contract in April 2014, and the average home sold for 96 percent of its listing price; very similar to April 2013.
Sales of existing homes within the Orlando

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Orlando's annual median home price ($149,625) finished out the year 23.66 percent higher than the 2012 annual median price ($121,000), thanks to significant median price improvements every single month in 2013. In fact, Orlando's median price (all sales types combined) has now posted positive year-to-year gains for 29 consecutive months, and has risen 68.76 percent since January 2011.

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