TransUnion: Foreclosure rate at pre-recession levels

NEW YORK – May 26, 2015 – According to Transunion, foreclosure rates (the rate of borrowers 60 days or more delinquent on their mortgages) has dropped to just under 3 percent, 2.95 to be exact—it’s first time dipping below three since before the recession began in the third … [Read more...]

Low Rates and High Inventory Drive Up Orlando Real Estate Prices

Interest rates have been on the decline, and with the recent influx of new home construction in the Orlando and Central Florida area, homes are selling at higher prices. An interest rate of just 4.01 percent, the lowest in 18 months, coupled with new foreclosures and new … [Read more...]

The Real Future of Vacation Homes

I am asked one question over and over more than any other.  It is a valid question that has a valid answer.  "With all the new construction, with over 20,000 vacation homes and growing, isn’t this market going to get diluted at some point?"  I don’t intend to be flippant … [Read more...]

Florida Housing Market Continues With Positive Gains

ORLANDO, Fla. – Oct. 21, 2013 – More closed sales, higher median prices, increased pending sales and the continued stabilization of the homes-for-sale inventory resulted into a sunny outlook for Florida’s housing market in September, according to the latest housing data … [Read more...]

Orlando Median Price Climbs 22%

The median price of existing homes sold in Orlando during the month of March jumped more than 20 percent over March of last year, caused in part by a nearly 50 percent increase in the number of non-distressed "normal” home sales, reports the Orlando Regional REALTOR® … [Read more...]

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