Hojin’s Southwest Orlando Real Estate Scoop

The real estate market is heating up… literally. With the blazing summer heat, the real estate market in Orlando traditionally heats up alongside the rising temperatures.
Really, there’s no correlation between temperature and the real estate market. It’s actually because the summer is the easiest time to move for people with kids in school. If [...]

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The University of Central Florida’s Institute for Economice Competitiveness recently released their quarterly forecast which surprisingly reveals some promising facts about the housing market. They predict a bottom to the housing market in the second quarter of 2009. Amazingly, housing starts are 87% below the peak levels we experienced just a few years ago. They [...]

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Part 1

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Part 2

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People ask me all the time when this market will turn around as if I had some crystal ball. I never answer the question, because I honestly have no clue. Any real estate professional who answers otherwise is totally full of it and I’d be vewy careful.
Now [...]

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HUD secretary, Shaun [...]

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I attended a real estate investing class this past week and here’s a few more things I picked up besides the possibility of double digit interest rates.
Lisa has been a property manager for commercial properties for about 20 years and she has a pretty grim picture of the commercial market. Tenants are renegotiating their leases. [...]

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I spent the past week in a real estate investing class in order to fulfill my post licensing education requirement for my broker’s license and learned quite a bit. There were real estate professionals specializing in numerous different fields and we all had one thing common, our business is way down.
The stuff in the textbook [...]

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The Orlando Regional Realtor Association just released the latest statistics for the real estate market in Orlando and they look a little better. The number of sales increased from 1,110 sales in November 2008 to 1,305 sales in December 2008 and the inventory dropped from 24,408 to 22,524. Not bad, but we’re still looking at [...]

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Nariman Behravesh of Global Insight recently released his predictions for 2009 and are as follows:
1. The US recession will be one of the deepest-if not the deepest in the post war period. The current downturn is well on its way to becoming the longest in the past six decades. Based on the December IHS Global [...]

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Today, I had a conversation with Natalie Pausch, a local appraiser who specializes in Dr. Phillips and Windermere,  and she happened to mention that many of her appraisals are now showing that homes in SW Orlando are priced below replacement cost using the cost approach which Natalie describes as the easiest to understand of the [...]

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I’ve heard a lot of real estate professionals say the market is going to recover in the second half of 2009, but I haven’t heard any valid reasons why that’s gonna happen. Unfortunately, I’ve heard a lot good reasons why the current down market will continue for quite some time. According to this piece by [...]

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