David's Orlando Real Estate Blog

Most people are trying to find ways to save money these days. One expense you may not have thought about is your mortgage insurance. If you purchased a home and put less than 20% down, chances are you may have a mortgage insurance premium wrapped up in your mortgage payment. Some of you may wonde...

Since the Federal Reserve started raising rates last year, we have seen the inventory of available homes increase and sales decrease when compared to the prior year. This continued in December. Inventory was up 146% compared with December 2021, and sales declined 42% over the same period. The rat...

Climbing interest rates continue to have an impact on closed sales and new contracts. Closed sales dropped 27.8% with 2,716 homes of all types closing compared to 3,760 a year ago. New contracts declined over 50% from 3,583 to 1,788 compared to October 2021. Slowing sales have pushed the inventor...

If you are waiting on #OrlandoRealEstate prices to collapse, keep waiting. This is not the 2008 recession. A lot of buyers in 2004-2006 were speculating on the rapid rise in real estate prices to flip properties. The increases were further fueled by crazy financing such as 105% financing with no ...

Once again inventory rose significantly compared to a year ago, but the 6,884 homes available for sale was up only 1.8% from August. Close sales were down 28.3% compared to a year ago with just 2,717 compared to 3,789 in September of 2021. New listings and new contracts were also down compared to...

Sales are down compared to a year ago, but the median sales price is still way up from 2021. Inventory has climbed dramatically since this year's low in February. Sales have declined 17% to 3,324 compared to 3,999 a year earlier. Prices are up 18% over the same time period, rising from $320,000 t...

The Orlando real estate market is shifting. Higher interest rates are having a significant impact on purchasing power. Buyers that were qualified to purchase a $500,000 home, may only qualify for $400,000 now. This drop in purchasing power has fueled a sharp decrease in sales, leading to a dramat...

The 11 year trend of falling inventory is definitely reversing. New listings shot up nearly 12% pushing our inventory of homes available for sale up over 36% compared to a year ago. Our upward sales trend has not quite reversed course, but may be heading that way. In April we saw sales slip sligh...

Two notable changes may indicate a couple of new trends in the #OrlandoRealEstate market.First, inventory actually ticked up compared to a year ago. Last month we had 2,670 homes of all types available for sale compared to 2,655 a year earlier. Since 2011, this is only the third time we have seen...

Let me start by saying, 'I am not a home inspector, and none of this is intended to replace a home inspection.' There, that is my disclaimer for this post. If you are selling or purchasing a home in the Orlando real estate market, I recommend you know a little about four point inspections.First, ...