Orlando Housiung Market Rebounding

June 18, 2009

Orlando Home Sales are rebounding. Members of the Orlando Regional REALTOR® Association in May sold nearly 38 percent more homes than in May of last year, contributing to the area’s year-to-date sales increase of 44 percent.

There were 1,854 closings in May, which brings the year’s total to 7,834; a total of 5,462 homes had changed hands by this time last year. Of those May sales, 50.97 percent of the homes were either bank-owned (795) or distressed (150). The remaining (909) “normal” sales made up 49.03 percent. [click to continue…]

{ 0 comments }

Short Sale Flips – Bit Tougher

TAMPA – It may now be a bit tougher for investors to flip short sales for big profits.
Attorneys’ Title Insurance Fund notified its 6,000 member attorneys this week that it will not insure deals made with a popular – but controversial – method for closing flips of short sales. A short sale occurs when a [...]

Read the full article →

Surge in home sales in Orlando indicate a healing housing market

Members of the Orlando Regional REALTOR® Association in April sold nearly seven times more homes in the lower-price range categories than in the upper categories, which according to economists is typical of a rebounding market.
“Orlando’s housing market appears to be following a recognized healing pattern — from the bottom up — as evidenced by the [...]

Read the full article →