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I asked Colleen Mitchell of Countrywide Bank to help shed some light on what the recent Housing Bill would mean for consumers. Colleen has many years of experience in the lending field and I've trusted her services on many occasions. Housing and Economic Recovery Act of 2008 The housing rescue bill signed into law two weeks ago presents Bank of America with opportunities to expand its efforts to keep struggling borrowers in their homes and to increase the banks production of various mortgage ... Read Full Post

A New Home Builder is offering a great deal in the Ocoee area! Special Pricing: $10,000 off a selected 5-bedroom inventory home. The home features almost 3,000 square feet of space with 5 bedrooms, 3.5 baths, a spacious attached 3 car garage. stainless steel appliances, granite countertops and beautiful cherry cabinets. Give me a call if you want to find out more! This home won't last long! Read Full Post

Here are a few statistics for the current Central Florida housing market. There were 229 homes sold in the Orlando area last week! Of these 229 homes, 188 were single family homes, 20 were condos and 21 were townhouses. Out of the 188 single family homes sold: 7 sold for a price between $0 and $100,000. 101 sold for a price between $100,000 and $250,000. 60 sold for a price between $250,000 and $500,000. 21 sold for a price of $500,000 and up. Out of the 20 condos sold: 9 sold for a price bet... Read Full Post

A Townhome Community in Winter Springs is offering some fantastic deals that won't last long. The community is located in the heart of Winter Springs, on SR 434. They're offering $10,000 towards the closing costs, a 30 year fixed interest rate of 5.875%, and they'll even pay your electric bill for a year! Check out some of these popular townhome models available: Belize Model - 3 bedroom, 2.5 bath, 2 car garage. 1,690 square feet. Was $212,046. NOW $188,872! Cape Verde Model - 3 bedroom, 2.5 ... Read Full Post

There's actually some good news in the Orlando Real Estate Market! The Orlando Regional Realtor Association (ORRA) has released its June report and sales are up! At a total of 1,443 closed sales, June sales are up by about 100 over May. In fact, this is becoming a trend! Sales have been increasing about 100 a month since March and we are getting closer and closer to the number of properties sold at this time last year. Inventory is down again, too! At the time of the current report, inventory... Read Full Post

At the end of last year, Congress gave us a gift that few people seemed to notice. Without much fanfare, Congress made a major change to the Capital Gains Tax. According to the previous version of the Capital Gains Tax, when you sell your primary residence you can deduct $250,000 of the capital gains $500,000 for a married couple filing a joint return (providing you have lived in the house for at least two of the last five years). This remains unchanged. Unfortunately, a problem arose when a ... Read Full Post

In the Orlando area, there are over 20,000 homes for sale. So, how do you beat the overwhelming odds and get your house sold? What's the not-so-super-secret number one selling tip? It's easy. Set the price right in the first place. This market is no place to test the price for a month or two. Average home prices are clearly falling, so you don't want to be behind the curve when selling. Look at it this way, the average sales price in the Orlando area fell a little more than 10% from August to... Read Full Post

Better late than never, here's the Market Analysis for the Orlando area in October, 2007. Overall, stats are pretty similar to September. Inventory is at 26,330, compared to September's 26,310. Only slightly higher than last month, but certainly quite a bit higher than last year when it was 21,324. New contracts have gone up slightly from last month's 1,173 to 1,304. That's compared to 2,602 in October of last year. Though expired listings has dropped by 211, withdrawn listings have made up t... Read Full Post

With inventory high and housing prices low, it’s nearly impossible to sell a home in some markets these days. So it should come as no surprise that many people are looking for a little divine intervention. Thus, St. Joseph is seeing an increase in popularity among many people trying to sell their home. Some sellers firmly believe that burying a statue of Joseph, the patron saint of workers, in the yard of your home can help bring in more buyers. There are some arguments over how he should b... Read Full Post

Well, it's that time again - time for the Orlando Regional Realtor Association to release the market stats for September of '07. As we've come to expect, the news is fairly grim. New contracts are down to 1,173 from 2,182 last year. Inventory has gone down for the first time this year...by three - from 26,313 to 26,310. Average Days on the Market is up to 113, compared to 67 days during September of last year. But the real heartbreaker is Sales, down to triple digits for the first time in rec... Read Full Post