Real Estate Blog

Declining interest rates and swelling inventory have contributed to another month of increased home sales in the Orlando area, reports the Orlando Regional REALTOR® Association.

“Buyers who are inclined to put their home search on hold during the traditionally slow real estate months may want to rethink their strategy,” says ORRA Chairman Zola Szerencses, Keller Williams Heritage Realty. “With the average interest rate at its lowest point in 18 months — 4.01 percent — plus an inventory plumped up with new foreclosures, our winter housing market has many gifts to offer buyers.” Click here to read more.

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Orlando’s swelling inventory of homes available for purchase is helping meet pent-up demand and spurred a whopping 18 percent jump in sales in October, reports the Orlando Regional REALTOR® Association. In addition to the jump in sales, the median price of Orlando homes sold in October rose nearly 4 percent compared to October 2013. Click here to read more.

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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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