Home Sales Climbing
Here is an interesting article from Reuters, written by Lucia Mutikani and sent to me by Liam Gillen from the Orlando team.
We have started to see the upswing in sale in various markets. Undoubtedly the low interest rates are helping. The very low price points fostered by bank-repossessed properties are also luring in new homeowners. [...]
Fannie, Freddie to Include Investment Homes in Refinance Program
The following is an article by Kenneth Harney published in the San Francisco Chronicle on 3/15. In it, Mr. Harney tells us that the broad refinance program to allow owners to lower payments and avoid foreclosure, will include investment homes (SFHs) that have loans that are on Freddie or Fannie’s existing portfolios. Mr. Harney also [...]
Orlando Sales Activity Picks Up As Prices Dip Low Enough To Attract New Buyers
This is information sent to us by Jean Gillen, our Orlando broker.
It is clear that since prices in Orlando have gotten to a low enough point, there is an uptrend in buying of existing homes.
We can see that the total inventory of existing houses for sale is steadily going down. This is a very positive [...]
