Have our housing prices hit bottom? I say, barring any more intervention by the government we are at the bottom here in Orlando. I should have placed that caveat in my prior predictions that we were at the bottom. I still feel there are a lot of factors that would suggest that Orlando’s current medi ...
There are 342 condos for resale on Singer Island; 11 condos are currently pending. Three condos sold within the past 7 days for an average 66% their original list price. Rates dropped slightly this past week. The 30-yr fixed mortgage was 5.32% this week down from 5.42%. The average 15-year fixed mor ...
Mortgage Rates Hold Steady There was very little daily movement in mortgage rates during the holiday-shortened week, and they ended the week nearly unchanged. The economic news during the week contained few surprises. Following better than expected results for May, investors were closely watching th ...
I thought many of you would be interested…. I was fortunate enough to meet Ken Welsh, owner of Welsh Construction in Melbourne Florida not long ago through one of his partners, Jim Theriac, who owns his own Law firm in Cocoa and lives down the street from me on Tortoise Island in Satellite Beach. Th ...
With the end of the second quarter, we are now a couple of weeks away from the press talking about how inventory levels are down. This will be substantiated by reports from the San Diego MLS or SANDICOR that inventory of available homes fell from about 15,900 at the end of March to about 9,400 at th ...
Today my son–my youngest child–turns 12. I’m pretty sure it was only last year that he was 5. Thank goodness I’m not aging as rapidly! Henry celebrated by having a “sleep” over (little or no sleep actually occurred) with 7 good buddies. I guess they must have slept for a minute or so because they se ...
The state has been talking about putting this in place for a while now, and it looks like we are putting our money where our mouth is. In my opinion, the Feds should have done this from the start. The only people buying right now are investors and first time home buyers. The biggest obstacle for mos ...
With today and tomorrow left until we close out June we have posted 1,689 closed sales with a median sale price of $132,000. We will probably end the month with around 2,000 closed sales, and if the price holds up a slight increase over May’s $130,000. The active inventory continues to fall with 18, ...
So last week we spoke about Antelope Creek Subdivision in Colorado Springs. There is a subdivision right next to Antelope Creek Subdivision. That is Sundown Subdivision. Just as Anelope Creek is in a “Favorable” area in Colorado Springs, so is Sundown. Now one may look at the home prices in Antelope ...
BY WILLIAM BETANCOURT There were a total of 83,445 residences listed for sale in South Florida as of June 12th, 2009. Of that, 25,814, or 31 percent are in some stage of the short sale process, according to a new report based on the Condo Vultures® Foreclosure Database™. “The month of May proved to ...
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