Hojin's SW Orlando Real Estate Scoop

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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I’m gonna get a little boring and political today. I ran across this article in the Chicago Tribune by economics professor Casey Mulligan at the University of Chicago that made a light bulb go off in my head…   the freakin US Treasury and Bernake are proposing a wacky welfare program as a solution to the [...]

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Money Magazine’s Forecast 2009: Year of the Thaw predicts another year of declining prices for housing across the country. Stephen Gandel, the author of the article, rebukes the old adage that real estate is all local and points out that the cause of the decline in housing is mainly due to the national credit crisis. [...]

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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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Treasury Secretary Paulson said on Wednesday that the bailout plan finally approved by Congress gives him wide authority to inject capital in the banking system which he will excercise urgently. Hearing him say that is great relief since we don’t need a failing banking system in our country.  The downer side of his speech was his [...]

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The PMI Group just released a study identifying the real estate markets most likely to see price declines in the next two years and Orlando-Kissimmee was close to the top of the list with a 99.4% chance for a decline. Top 10 Riskiest Home Markets For Fall, 2008 Fort Lauderdale-Pompano Beach-Deerfield Beach; FL A 99.5 [...]

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Watch CBS Videos Online With all the talk about the bailout plan being debated in Congress, I’ve heard all kinds of reasons why people think the market is failing. I’ve heard it’s because of Fannie Mae, shady mortgage lenders, stupid consumers that can’t comprehend that their payments will go up eventually on interest only loans, [...]

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The University of Central Florida’s Institute for Economic Competitiveness just released their quarterly forecast and predicts a recovery in the real estate market after the first quarter of 2009, but cautions that the fourth quarter of 2008 and the first quarter of 2009 is the Bermuda Triangle. They caution that a lot things have to [...]

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David Blitzer of Standard and Poors commented that he sees hints of a bottom in the real estate market from the latest Case Shiller Index numbers released yesterday. By that he means there’s no longer an acceleration in price declines. After all, home prices are still declining. Month to month, the Tampa area which represents [...]

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