Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

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Entries from October 2008

Housing Affordability on the Rise

October 30th, 2008 · Comments Off on Housing Affordability on the Rise

The National Association of Realtors released data for the Housing Affordability Index yesterday and it appears that housing is becoming more affordable. The index assumes that buyers put 20% down and have a 25% qualifying ratio for monthly housing expense to gross monthly income. These figures don’t take into account that far fewer loans are […]

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Tags: Market Statistics

Interactive Map of Median Home Prices

October 30th, 2008 · Comments Off on Interactive Map of Median Home Prices

Realtor.org just released a neat interactive map of median home prices across the country. I’m sure it’ll come in handy for somebody. The prices are updated quarterly and the median home price is $223,500 in Orlando as of Q2 of 2008 which represents a year over year decline of 15.7%. The Tampa market saw greater […]

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Tags: Market Statistics

Fed Cuts Fed Funds Rate 50 Basis Points to 1%

October 29th, 2008 · Comments Off on Fed Cuts Fed Funds Rate 50 Basis Points to 1%

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Tags: Market Statistics · Mortgages

Case Shiller Data for October 2008

October 29th, 2008 · Comments Off on Case Shiller Data for October 2008

Surprise. Surprise. The data for the Case Shiller Home Price Index was released today and it shows another record decline of 16.6% year over year for the 20 city composite index. Central Florida saw a year over year decline of 18.1% and a month to month decline of .4%. A concern of note is David […]

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Tags: Market Forecast · Market Statistics

Real Estate in SW Orlando is Stabilizing

October 29th, 2008 · Comments Off on Real Estate in SW Orlando is Stabilizing

It’s been a crummy year for the real estate market in SW Orlando as well as many parts of the country. While there’s been a lot of talk about a deteriorating market, the market stats are remarkably stagnant in SW Orlando. Stagnant is better than declining is the way I see it. The zip codes […]

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Tags: Market Statistics · Market Statistics by Zip Code

Desperate Measures to Avoid Foreclosure

October 29th, 2008 · 2 Comments

Here’s one determined housewife. Facing foreclosure, homeowner June Reyno chained herself to her house. I can’t say it’s the most effective way to get the job done, but you gotta love her determination.

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Tags: Foreclosures · Real Estate Oddities

Sales Stats for Courtleigh Park

October 28th, 2008 · Comments Off on Sales Stats for Courtleigh Park

View Larger Map Courtleigh Park is a community of custom homes in the Dr. Phillips area. There’s a nice mix of architecture and spacious lots add to it’s appeal. The homes were built in the late 80’s and early 90s so some updates will be required, but the more established feel and central location more […]

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Tags: Market Statistics by Neighborhood

Architecture That Looks Good Enough to Eat

October 24th, 2008 · Comments Off on Architecture That Looks Good Enough to Eat

Halloween is just around the corner and found these photos on Worth1000 featuring some stunning examples of edible architecture. They were too delicious looking to pass up. Here’s some with a Halloween theme: and here’s some other curious and creative works of edible architecture

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Tags: Architecture · Real Estate Oddities · Real Estate Photogrpahy

Orlando Real Estate Blog Roundup

October 24th, 2008 · Comments Off on Orlando Real Estate Blog Roundup

Here’s the latest from the Orlando real estate blogosphere: David Welch’s Orlando Real Estate: Joe the Plumber and Orlando Real Estate Statistics 10/08 Orlando Sentinel Windermere Blog: October in Windermere Team Connect Blog: A Taste of Dr. Phillips 2008 The Orlando Real Estate Blog: Foreign Nationals: Rich? Buy Your Way into the USA! Andy Tolbert […]

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Tags: Real Estate Tips

Foreclosure Side Effects

October 22nd, 2008 · Comments Off on Foreclosure Side Effects

A quick scan of the MLS these days quickly confirm the fiercest competition for home sellers in SW Orlando are foreclosures. Quite a big percentage of homes on the market are preforeclosure and foreclosure properties. Many of them are in great condition which is not something that’s been associated with foreclosures. While the vast majority […]

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Tags: Foreclosures