Orlando Housing Report: October 2011

“October marks the first time since March that overall sales have indicated a month-over-month improvement,” says ORRA Chairman Mike McGraw, McGraw Real Estate Services, PL. “This additional activity can be attributed to a multitude of local factors — such as low interest rates, a higher percentage of “normal” sales, and a steady incline in median price — that are encouraging buyers to take advantage of today extraordinary market conditions.”

Central Florida real estate median home price for September 2011

According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for September 2011 was 9.52% higher than September 2010. The median price for September 2011 was $115,000 and for September 2010, it was $105,000. We stayed the same for August ’11 to September ’11 in our median price, but for three months in a row, we are higher than the previous years median price. This is a great sign at seeing our prices hitting bottom. Our current inventory levels have dropped again and are at the lowest levels since 2005. We have seen this inventory reduction trend over the past 15 months. We are now at 9,931 homes on the market or a 4.83 months supply. A 6 months supply is a good balance between buyers and sellers. With home inventory at this level and interest rates at historic lows, we continue experiencing multiple offer situations on many deals. It’s a great time to buy Central Florida real estate!

Cypress Pointe Vacation home near Disney and Reunion Florida

Avoiding Foreclosure: Working with Your Lender

Acording to Freddie Mac web page

How to Inspect Windows, Doors to Stop Air and Water Leaks

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  Inspect windows and doors regularly to stop air leaks and water seeps that create high energy and repair bills. We’ll show you how. Read

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

What Homebuyers Need to Know about the New Rules of Getting a Mortgage.

Acording to Freddie Mac web page


Razing Lost-Cause Homes to Stabilize Property Values

• I much prefer remodeling to tearing down housing, but sometimes, a bad house is like a cancer that needs to be removed to save the neighborhood and stabilize home values. Read

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

Getting Ready for Labor Day Grilling

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  Outdoor Appliance Guide: Charcoal Grills and Smokers

  With models priced from $35 to $1,000, there are charcoal grills to fit the budget of anyone who’s a fan of traditional barbecue. Read

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

Google+ iPhone app now available on iTunes

After three weeks  the Google+ iPhone app is now available in the iTunes App Store. News of the release comes from none other than Google’s head of social media, Vic Gundotra, who announced the app on his Google+ account.

 

 

A new App

Description

Smart Traveler , the official State Department app for U.S. travelers, easy way to see the world with easy access to frequently updated official country information, travel alerts, travel warnings, maps, U.S. embassy locations, and more.

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