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    Foreclosure trend reverses, spikes in many cities

    NEW YORK – Dec. 4, 2018 – Foreclosure activity is on the rise in 15 states, which bucks the national trend from the past few years. While U.S. foreclosures spiked during the recession, they dropped to historically low levels later as tight lending standards banned all but the most worthy creditors from getting a loan. […]

    Winter Park to bury power lines along Fairbanks Avenue

    Visibility of power lines around real estate usually impacts the value of that real-estate. It’s a welcome sign that the power lines along Fairbanks will be buried because Fairbanks is the main entryway to the affluent Winter Park area.  As reported by the Orlando Sentinel, Winter Park will be moving the power lines along Fairbanks Avenue […]

    Too few buyers question the need for a 30-year mortgage

    NEW YORK – July 17, 2018 – For those looking to buy homes, the most popular way to finance a home purchase is to take out a 30-year mortgage. With mortgage rates having been exceptionally low for years, it has been possible to get extremely attractive monthly payments even on relatively large mortgage loans, and […]

    Mortgage rates fall again this week

    McLEAN, Va. – June 28, 2018 – Mortgage rates declined over the past week and have now retreated in four of the past five weeks, according to Freddie Mac’s weekly Primary Mortgage Market Survey. The 30-year fixed-rate mortgage dropped to an average 4.55 percent compared to last week’s 4.57 percent. Sam Khater, Freddie Mac’s chief […]

    Builder confidence slips as lumber prices soar

    WASHINGTON – June 18, 2018 – Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). NAHB says the decline was due in large part to sharply elevated lumber prices, but overall sentiment remains on solid […]

    Material costs could push new-home prices 5% higher

    MIAMI – June 15, 2018 – The White House’s move to impose tariffs on steel and aluminum come on top of a nationwide labor shortage and previous tariffs levied on Canadian lumber. As a result, the combination is ramping up costs for South Florida home builders – and homebuyers and renters may eventually feel the […]

    Orlando, now is the time to prepare for the Hurricane season

    The typical hurricane season in Orlando runs from the start of June until late November.  During this time, anyone in the Orlando area should look out for news on tropical storms forming around the Atlantic Ocean or the Gulf of Mexico. Now is also a good time to start stocking up on hurricane related supplies.  Some of […]

    Buy flood insurance now or it may be too late

    ORLANDO, Fla. – June 1, 2018 – Hurricane season began June 1, so Florida home and business owners and renters should consider buying a National Flood Insurance policy (NFIP) before it’s too late. It takes 30 days from the date of purchase for NFIP policies to become effective. Florida is prone to hurricane-related flooding, with […]

    Which lenders dominate the mortgage market?

    NEW YORK – Oct. 19, 2017 – Quicken Loans commands the largest share of the mortgage market, according to 2016 data recently released by the Federal Financial Institutions Examination Council – but Wells Fargo boasts the highest origination dollar volume at $126 billion that same year, compared to Quicken Loans’ $90.6 billion. iEmergent, which compiled […]

    ORLANDO HOUSING MARKET REPORT – SEPTEMBER 2017

    Hurricane Irma contributes to September drop in Orlando home sales Hurricane Irma helped drive Orlando’s home sales down by nearly 20 percent in September compared to September of last year, reports the Orlando Regional REALTOR® Association. In addition, sales decreased by almost 30 percent when compared to last month. “Based on our previous experience with […]

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