Orlando's housing market experienced significant changes in September 2023, as indicated by the recent data published by the Orlando Regional REALTOR® Association. Notable findings point towards the market facing a slowdown this fall, with some of the most impactful changes directly attributed to the interest rates reaching their highest point in over two decades. Key Takeaways from September...
Deciding between renting and buying your first home? While it often seems like a purely financial decision, determining whether or not you can afford what you desire, there's more to the story. The concept of Cost-Benefit Analysis comes into play here. It involves analyzing a situation to determine if the benefits outweigh the costs. As a prospective homebuyer, you need to think along these lines. The...
As summer draws to a close, the Central Florida real estate market displays signs of cooling. The Orlando Regional REALTOR® Association's recent data release sheds light on this transition, indicating notable shifts as the fall season approaches. State of the Market Inventory Dynamics: The inventory for August stood at 6,115, reflecting a 6.9% increase from July's figure of 5,720 homes. New...
Headwinds in Central Florida: Interest Rates & Home Sales The Orlando Regional REALTOR® Association (ORRA) has recently unveiled statistics that spotlight some challenging aspects of the Orlando housing market. Interest Rates on the Rise: The recorded interest rate for July stood at 6.8%, a minor increase from June's 6.7%. Strikingly, this is the second-highest rate Central Florida has...
An ever-increasing number of homeowners are taking advantage of their extra equity by getting a home equity loan or a line of credit. But accessing your extra home equity should be done carefully, and only in a narrow set of circumstances. In 2006, just before the last real estate bubble popped, homeowners were treating their homes like endless piggy banks. They used their equity to purchase nice...
December means the holiday bustle is upon us; there are flights to catch, gifts to purchase, houses to decorate, and taxes to think about. Not the most cheerful of messages to hear during this time, but for property owners or the self-employed, tax season can be as stressful if not more stressful than the holiday season. To get a head start on taxes next year, here are a few things to consider. The...
In a research study conducted in the early 2000s, a Canadian professor found that homes where the seller was “motivated” took 15 percent longer to sell, while houses listed as “handyman specials” flew off the market in half the time. “It surprised even me,” said researcher Paul Anglin, who teaches real-estate and housing trends at the University of Guelph in Ontario, Canada. Other...
Are you ready to make that leap from living at home or renting to owning a home of your own?
Are you ready to make that leap from living at home or renting to owning a home of your own?
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