Orlando median price jumps 11 percent while sales hold steady, inventory plummets
The Orlando housing market experienced a 10.8 percent increase in median price and a 0.3 percent increase in sales in February amid a 21 percent decline in the number of homes available for purchase.Read more »
The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home. >>Read more
By Lisa Gordon | Jan 24, 2017
If you’ve been sitting on the fence about selling your home, it might just be time to hop off. Now. To put it in other terms: 2017 is poised to be the year of the home seller, real estate experts say.“Sellers have been in the driver’s seat for the last two years, but this year is shaping up to be even better for several reasons,” says Jonathan Smoke, chief economist of realtor.com®. “Nothing is bad for sellers today.” >>Read more.
Orlando’s 2016 annual median price ($200,000) is a healthy 12.0 percent higher than the 2015 annual median price ($178,500), thanks to another 12 months of year-over-year price increases. Read More>>
Orlando is one of the best cities in the country for investing in residential real estate in 2017, according to Forbes. The magazine named Orlando the third-best U.S. market in which to buy a home this year, citing the city's growth in population and jobs as factors in the ranking. Read More>>
These 5 Trends Will Shape the Housing Market in 2017
If the U.S. economy is to hit escape velocity in 2017, you can expect the real estate sector to serve as its rocket fuel.
At its most broadly defined, housing can be counted on to compose 15% of GDP. It hasn't done that much heavy lifting lately, however. That's because in the wake of the real estate bubble, lending standards have remained tight, while the cautious builders who survived the crisis have been reluctant to dive headfirst into expanding their operations again.
But there are signs that these trends are about to change. Read more>>
Orlando home sales, median price increase along with mortgage rate in November
Orlando home sales experienced a 7 percent year-over-year jump in November, along with a 9 percent increase in median price. The average interest rate paid by an Orlando homebuyer is November is 3.82 percent, up from 3.57 percent. >>Read more.