We've been reporting on the monthly price rises in the Orlando home market in recent times, but sometimes it's good to take a look over how far the market has come in even just a year's time. The Orlando Regional Realtor Assocation agrees with us, because they just produced figures showing how existing single-family home sales have risen 29 percent since August 2012.
Single-family homes in Orlando sold for higher values than almost every other area in Florida during April, showcasing Central Florida's continued recovery and popularity in the real estate market. In total, the median price for single-family homes reached $161,000, which is an impressive 20.1 percent increase from just a year ago. This keeps stride with the median value of Florida's 20 largest metropolitan areas, which reached $165,000 and a 17.4 percent increase over the year prior.
Yes, believe it or not, it's that time again. Winter has passed, and it's time to open up the windows, break out the brooms, step outside, and start cleaning up our seasonal burrows. We know it's not the funnest activity in the world, but it's important! Remember, your home is your investment, and going through an annual cleaning/maintenance check can not only increase its value, but can also save you future headaches in the long run.
With mortgage rates dropping for the sixth week in a row, including a record low average of 3.67 percent on 30-year plans, as well as perceived expectations for an increase in home values in the immediate future, Americans are much more open to purchasing homes at this time.
The Orlando Business Journal reported that Lennar Homes LLC, Mattamy Homes Corp., and David Weekley Homes LLC spent a combined total of over $20 million on home lots in the Orange County area. All three builders are local to Central Florida.
Laurie Goodman is a housing analyst with 28-years of experience in studying mortgage-backed securities for big investment banks. She spoke to CNN's Money Magazine on the idea of housing bailouts and the necessity for banks to be open to working with borrowers to stave off foreclosures.
Florida may be the envy of every other state in terms of weather, but it can be pretty rough on your home. It’s important to be diligent in checking things over from time to time, as just a few minutes of cleaning and maintenance can forestall some major problems. Not to mention save you a ton of money while ensuring the value of your home.