Increased Sales Activity Continues as Prices Get Low

Enclosed is the April Market Pulse from Orlando as per the Orlando Realtor Association. It was sent to us by Jean Gillen, our Orlando broker.
The trend continues with increased sales, reduced inventory and increased activity. All these indicators point in the right direction: prices are low enough to generate serious buying activity on the part of both homeowners and investors.
For the market at larger, these are very positive indicators. For the bargain hunters it is a signal to get moving: we can see the window starting to shrink a bit.
We are getting similar reports from Phoenix and Las Vegas as well.
As the new loans for investors with over 4 but under 10 properties become available (many banks are still not done creating the product despite FNMA green light from 3/1/2009), investor buying activity should perk up even more.

Home sales continue to rise as housing affordability hits record high

(April 13, 2009 – Orlando, FL) Orlando area home sales have again experienced an increase in activity, with members of the Orlando Regional REALTOR® Association involved in the sale of 47.59 percent more homes in March of this year than March of last year: 1,653 to 1,120.
Read  more on ORLREALTOR.COM

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