Hojin’s Southwest Orlando Real Estate Scoop

The Orlando Regional Realtor Association released the latest statistics for Orlando today and it shows some promising signs. For the first time this year, the inventory of homes is less than the level seen in the same period for 2007. There’s currently 19.6 months of inventory on the market which seems like a lot, but [...]

Popularity: 9% [?]

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The S&P Case Shiller Index numbers were released today and it shows home prices across the country fell 14% which is the largest decline ever recorded. The index tracks 20 metropolitan areas to gain perspective on the housing market as a whole in the United States.
The Tampa metropolitan area represents Orlando and it showed a [...]

Popularity: 8% [?]

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Things are on the up and up again. The numbers are looking better for the Orlando real estate market. It’s a lot worse than a year ago, but we’re steadily improving.
The number released by the Orlando Regional Realtor Association today shows improvement for every month this year and April was no exception. The numbers for [...]

Popularity: 7% [?]

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I don’t want to report this, but I think it’s pretty important. Orlando ranks 13th in the nation for foreclosure filings according to a report released on Tuesday by Realtytrac. Foreclosures increased by 250% in the first quarter of 2008 meaning 1 out of every 88 households were facing losing their home. There was an [...]

Popularity: 10% [?]

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The latest statistics for the Orlando real estate market were released by the Orlando Regional Realtor Association today and surprisingly it shows some improvement. Perhaps the traditional pick up in activity between Spring and Summer will take place this year. We haven’t seen it in a few years, but maybe it’ll happen this year. The [...]

Popularity: 9% [?]

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Census numbers indicate that the most number of vacant homes are in Orlando, FL, with a vacancy rate of 7.4% according the Wall Street Journal Blog. Other areas in Florida with high vacancy rates include: Tampa-St. Petersburg (5.1%), Jacksonville (4.6%), and Miami-Ft. Lauderdale (4.4%). The national vacancy rate rose to 2.8% in the [...]

Popularity: 17% [?]

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Real estate market statistics from the Orlando Regional Realtor Association through February 2008. So far things are remaining pretty steady in the real estate market for Orlando. I put the inventory numbers up first because I personally feel it is the key to market stabilization. There’s an awful lot of homes for sale out there [...]

Popularity: 11% [?]

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Today we had a bunch of bad news and at least one good news come out about the housing market. The good news was that the FHA loan limit has been increased to $327,750 for Orange County. The doom and gloom news was the Mortgage Bankers Association reporting that foreclosures hit an all time high [...]

Popularity: 10% [?]

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The graphs below clearly show a deterioration of the real estate market in SW Orlando throughout 2007. The zip codes included in these statistics are as follows: 32819, 32836, 32837, 32824, 32811, 32821, 32830, 32835, 34786, 34787. These zip codes include areas commonly known as Dr. Phillips, Hunters Creek, Williamsburg, Cypress Creek, Metrowest, Windermere, and [...]

Popularity: 14% [?]

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The bulls and bears debate the state of the housing market and where it is headed at the Real Estate Connect Conference in New York City. From the sound of things, most of the panel believes the market is heading lower. Nouriel Roubini who is an economics professor at NYU’s Stern School of Business, calls [...]

Popularity: 12% [?]

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