http://www.getorlandorealestate.com/blog The latest news and market updates for Lake Mary, Florida and the surrouning areas Fri, 26 Jun 2009 17:43:57 +0000 http://backend.userland.com/rss092 en Abandoned and vacant homes are a burden in the Orlando area which ranks No. 7 in foreclosures nationwide as of 2008.  These homes are extremely run down, lacking curb appeal and have low values which effect the surrounding home values in the neighborhood. A proposed state law would establish an online registry to ... http://www.getorlandorealestate.com/blog/index.php/2009/06/26/proposed-bill-to-list-vacant-abandoned-or-pre-foreclosure-properties/ A $10 million dollar project designed to ease flooding problems in the city of Debary will begin construction in early July.  $7.5 million  is being funded by Federal Emergency Management Agency (FEMA).  The work will cease the flooding problems for 60-75 homes in west Volusia County. The 18,000 resident city has 34 lakes that overflow when ... http://www.getorlandorealestate.com/blog/index.php/2009/06/26/construction-of-10-million-debary-stormwater-project-starting-in-july/ Businesses are looking for more ways to positively impact their bottom lines and energy efficiency is a quick, easy and environmentally friendly way to manage energy use and save money. Indoor lighting upgrades can save up to 40 percent on lighting energy costs.  Installing cccupancy sensors can save up to 30 ... http://www.getorlandorealestate.com/blog/index.php/2009/06/26/businesses-go-green-during-these-challenging-economic-times/ The private high-end country club, Bella Collina community in Lake County is offering invitational memberships to non-property owners to join its upscale golf and country club.  The initiation fees for the invitation-only memberships range from $2,500-$7,500, with monthly dues costing $100-$600.  The memberships are only available and active until the ... http://www.getorlandorealestate.com/blog/index.php/2009/06/26/bella-collina-country-club-offers-non-owner-memberships/ Orlando Sanford International Airport, the second-busiest general aviation airport in the Southeast, is receiving federal grant funding for more than $9.2 million.  The funding will be used for runway improvement and expansion projects.  $1 million will be utilized for land purchases associated with the expansion of an additional runway.  Approximately ... http://www.getorlandorealestate.com/blog/index.php/2009/06/24/orlando-sanford-airport-receives-federal-grant-funding/ As residential real estate sales are rising, the luxury home market has declined due to the higher interest rates on jumbo mortgages.  The jumbo rates are as high as 8 percent and a conventional 30-year, fixed rate mortgage is below 5 percent.  Jumbo mortgages are home loans for $417,000 and ... http://www.getorlandorealestate.com/blog/index.php/2009/06/24/residential-real-estate-sales-rise/ The renewd strength of the dollar against the Euro has returned overseas money to the U.S. from investors taking advantage of the real estate market.  This is providing opportunity for commercial real estate brokers. Investors were staying clear from the U.S. when yields were so low.  Currently, the yield may not ... http://www.getorlandorealestate.com/blog/index.php/2009/06/24/foreign-investors-buying-into-us-real-estate/ Warm weather and April flowers is great for selling a home.  Historically, the number of homes for sale across the nation increases every April.   The sales of existing homes and construction spending were up in April.  The bidding wars are emerging on foreclosures as ready buyers work to take advantage of ... http://www.getorlandorealestate.com/blog/index.php/2009/06/22/market-conditions-are-perfect-for-home-buyers/ Woodlea Sports Complex is coming to the city of Tavares located in Lake County, FL.  The 40-acre, $13 million sports complex could create a more than $10 million econonomic impact.  The complex is to be built on Woodlea Road near Lake Harris and included in the plan is 10 baseball, ... http://www.getorlandorealestate.com/blog/index.php/2009/06/22/construction-for-a-40-acre-sports-complex-in-lake-county-to-start-this-year/ It's hurricane season in Florida once again and with the abundance of neglected and empty forclosed properties it could mean a huge problem.  No one has ever gone through a storm with so much empty property.  Keeping the property in good repair is the banks main financial motive in order to ... http://www.getorlandorealestate.com/blog/index.php/2009/06/22/its-hurricane-seasonthe-real-estate-market-does-not-need-a-storm/