Hojin's SW Orlando Real Estate Scoop

The latest forecast for the economy in Florida shows signs of improvement, but a long ways from recovery. Sean Snaith, professor of economics at the University of Central Florida, uses the analogy of a hangover being in direct proportion to the partying the night before. He notes that a recession occurs in a typical business [...]

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Many people may now know, but Orange County Mayor Teresa Jacob’s political career launched right here in SW Orlando between Dr. Phillips and Metrowest. When it became time to reroute one of the main arteries in the area, namely Apopka Vineland Road, she got all the homeowner’s associations to work together which resulted in one [...]

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The latest Case Shiller Home Price Index figures were released the past few days and it appears that although there was a drop in home prices by 1.6% nationally, there is a glimmer of hope for the future. According to their forecast, home prices will continue to deteriorate then forecast to show a marked upward [...]

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Robert Shiller appears to disagree with Ben Bernake and forecasts a possible double dip recession with home price declines in 2011.

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The co-founder of the Case Shiller Home Price Index, Chip Case, recently gave a lecture about the future of the real estate market at Northeastern University in November 2010 and provides his valuable insights into his real estate forecast.

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Bernake recently gave a nationally televised interview and revealed some clear insights into the thoughts of the Federal Reserve. He points to the housing market as already weak and unlikely to go any lower preventing a double dip recession.  A recovery in the unemployment rate is at least 4 to 5 years off and there’s [...]

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Foreclosures and short sales have become a commonplace in the Dr. Phillips and Windermere market as well as most other areas in Orlando and bringing your home’s value down. It appears we’re all at the mercy of banks to set prices for our homes. You’d think the appraisers would take this into account when valuating [...]

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A glance at the 2009 real estate statistics for Orange County, FL shows a marked improvement in the market over the past 12 months. Most importantly the supply of homes currently stands at a healthy 6.4 months and the number of sales have hovered around 1,5o0 for the second half of 2009. There’s still a [...]

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The Case-Shiller Index numbers were released this past week and revealed 4 consecutive months of price increases meaning they’re going back up. We’ve all been so used to seeing this index say decreases that it’s a bit of a shocker. Blitzer says there’s a real chance that we’ve turned the corner and finally done with [...]

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Lawrence Yun, chief economist for the National Association of Realtors, comments in this video that the rise in pending home sales signals a recovery. He also notes that there is a disconnect between pending home sales and existing home sales mainly due to tighter underwriting standards for lenders and stricter appraisal guidelines. I think he’s [...]

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