ORRA released just released its Market Pulse publication which shows the current market trend for Central Florida through the month of April. As the inventory of homes is shrinking to a 2 year supply. There is a current  inventory of 20,194 homes on the market, 1,741 of those have closed in the past month. Of all the homes that have closed 55% of the sales were bank owned properties or short sales. It is encouraging though that homes are selling. The stats also show that the average number of days that a home sit on the market is decreasing. This is all great news.

Share This

Windermere FL Homes for Sale

1st Qtr Market Activity

Share This

Longwood FL Homes for Sale

1st Qtr Market Activity

Share This

Sanford FL Homes for Sale

1st Qtr Market Activity

Share This

Heathrow FL Homes for Sale

1st Qtr Market Activity

Share This

Lake Mary FL Homes for Sale

1st Qtr Market Activity

Share This

“Mortgage rates have dropped .5% and are expected to drop even further.”

Just recently the US Government has assumed control of the mortgage giants Fannie Mae and Freddie Mac in efforts to stabilize the financial markets. This move was taken as a necessary reaction to financial concerns that Fannie and Freddie could collapse due to financial insecurity.  If Fannie and Freddie were to collapse, the housing market would collapse altogether.

This is good news for home buyers and aims to put downward pressure on mortgage rates to ensure home loan funding remains available. These necessary steps will help to strengthen the U.S. housing market and promote stability in our financial market. In turn, we will see lower mortgage rates, continued availability of funding for consumers with good credit, renewed global investor confidence, and stocks prices increasing on “improved economic stability”.

Mortgage rates are expected to drift into the 5.5% range within the coming weeks. This could be temporary. So now in the time to review your mortgage and see if you can take advantage if the changes in the mortgage market.

For more information on how you can take advantage of this great opportunity in the mortgage market call Karen Arbutine at 888-727-7778.

Share This

Are you thinking about listing your home for sale?  Are you wondering exactly what buyers want in a home when they purchase a home?  Here is a list of a poll conducted by the National Association of Realtors on September of 2007.  This the what the panel of buyers “must have” when purchasing a home.

Very Important Home Features - Percentage of buyers desiring key features

FEATURE  INTERIOR                                           2007

Walk in Closet in Master Bedroom                         53%

Cable/Satellite TV-ready                                         46%

Separate Showers in Main Bath                              36%
Hardwood Flooring                                                    28%

Granite Countertops                                                  23%

Whirlpool Bath                                                            13%

Sitting Area in Master Bedroom                               12%

FEATURE EXTERIOR                                              2007

Oversized Garage                                                        57%

Fencing                                                                          36%

Patio                                                                               36%

Porch                                                                              32%

NEIGHBORHOOD FEATURES                                2007

Sidewalks                                                                        26%

Near Shopping                                                                25%

Near Park                                                                        14%

Near Public transit                                                         10%

Near Schools                                                                    20%

Share This