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Falling prices for real estate and the declining value of the dollar are luring investors from all over the world to purchase properties for as little as half what they might have paid four years ago. "This could be a once-in-a-generation opportunity ...[Read More]
Local residential Realtors are cheering after the federal government extended and expanded the $8,000 first-time homebuyer tax credit on Nov. 6 through mid-2010. Other changes, which will make even more people eligible, include: • A $6,500 tax credit ...[Read More]
Existing-home sales for the Orlando area increased 80 percent last month compared with a year ago, and the median price of the houses sold posted its biggest month-to-month increase in 16 months, according to the October report released Tuesday by the ...[Read More]
Florida Realtors , the statewide group formerly known as the Florida Association of Realtors, said it applauds an extension and expansion of the federal $8,000 first-time homebuyer tax credit. The bill that would continue the credit was signed into law ...[Read More]
New home construction jumped about 20 percent in the Orlando area, according to a third-quarter report by Metrostudy . The Orlando metropolitan statistical area — Lake, Orange, Osceola and Seminole counties — reported 1,108 housing starts in ...[Read More]
RISMEDIA, November 5, 2009—After two weeks of delay, the Senate cleared the way to pass a seven month extension and expansion of the tax credit for homebuyers. By an 85 to 2 roll call vote, the Senate voted to cut off debate on a package of measures ...[Read More]
New-home construction for the Orlando region grew by 20 percent in the third quarter compared to the prior nine months, according to a study released Tuesday by Metrostudy real estate research firm. The pace of construction was still below last year's ...[Read More]
Orlando-area September existing condominium sales were nearly four times higher than the same month a year ago, but values continue to decline. A total of 587 condo units changed hands last month in metro Orlando, up from the 146 unit sales in September ...[Read More]
Good news! It appears that Senate Democrats have recognized the tremendous value of the First Time Homebuyers Tax Credit and that it will be renewed soon. At this time, it is believed that the credit will allow anyone purchasing (even if the property is ...[Read More]
Orlando ORLANDO-At least 5,000 residential condominium units were sold statewide in September, 77% more than the same month last year and up 9% from August, according to the Florida Association of Realtors. For the same time frame, the median price is ...[Read More]
(ORLANDO, FL) -- Members of the Orlando Regional Realtor Association in September sold 54.30 percent more homes than in September of last year, contributing to the area's year-to-date sales increase of 50.69 percent. The most recent statistics show ...[Read More]
Orlando-area Realtors sold more homes in September this year, with more than half of the sales being distressed or bank-owned homes, the Orlando Regional Realtor Association reported. Association members sold a total of 2,151 existing homes in September, ...[Read More]
ORLANDO -- It looks like the stock market may hit a milestone this month. The Dow Jones Industrial Average is inching closer and closer to the 10,000 mark. It hasn't been that high for more than a year. Economists hope this could bring some confidence ...[Read More]
National home price gains decreased to 6.3% in September from 7.3% in August but remained positive across all four regions, according to the monthly Home Data Index monthly report from Clear Capital , a data and software provider to the mortgage industry. ...[Read More]
The number of foreclosure lawsuits filed in Lee County in September fell slightly but bit more deeply into the middle class as people started to lose more expensive homes. There were 1,610 foreclosure lawsuits filed, down slightly from August's 1,692 ...[Read More]
South Florida home sales are getting a jolt from first-time buyers eager to claim free money. An $8,000 federal tax credit helped move existing homes in August and softened big price declines that were the norm across the region during the past three years. ...[Read More]
The Orlando market experienced a big boost in August home resales, but values continue to fall, said the Florida Association of Realtors . Metro Orlando had nearly four times more condo resales in August compared to a year prior, from 142 unit sales in ...[Read More]
ORLANDO, Fla., Sept. 24 /PRNewswire/ -- Florida's existing home sales rose in August -- marking a full calendar year (12 months) that sales activity increased in the year-to-year comparison, according to the latest housing data released by Florida ...[Read More]
House prices in Florida have seen their first monthly rise since July 2006, up 0.5% between April and May, according to Standard & Poor’s Home Price Index. The National Association of Realtors (NAR) said house sales had seen a “sustainable” ...[Read More]
A large number of foreclosure and distressed home sales helped drive the median prices for existing homes down in Central Florida last month. The Orlando Regional Realtor Association says the median price fell to $128,000 in August. That's a decline ...[Read More]
The Orlando area experienced a median home price drop to $128,000 in August, but inventory levels also were down to 16,361 homes, the Orlando Regional Realtor Association reported. Orlando Realtors sold 2,115 homes in August, a 65 percent increase when ...[Read More]
Orlando - Orlando - The median price of all homes sold during the month of August dropped to $128,000, a trend that Les Simmonds, L.G. Simmonds Real Estate Corp., president of the Orlando Regional REALTOR® Association, expects to continue as the tremendous ...[Read More]
The pipeline of foreclosed houses hitting the market in Orlando have dropped sales prices and the backlog isn't expected to disappear anytime soon, new reports show. The median price of homes dropped from $133,000 in July to $128,000 in August — ...[Read More]
Home prices may decline an average of 5% across the country in 2010. Some regional markets hit hardest by the recession will experience additional double-digit declines while others will increase, according to real estate forecaster Local Market Monitor ...[Read More]
Orange County is outpacing other Florida governments in buying up homes or offering down-payment assistance to stabilize neighborhoods ravaged by the ongoing foreclosure crisis, officials said Tuesday. As part of Orange's $27.9 million share of the ...[Read More]
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