Posts Tagged real estate sales
Florida Real Estate Properties
Posted by sagolas in Uncategorized on May 13, 2011
Florida Real Estate Properties used to be the most sought properties in the United Stated. Wonderful climate, the second longest coastline in the United States and numerous tourist attractions made Florida one of the major destinations of holiday trips as well as a favorite place for spending one’s retirement. These factors resulted in a steep increase of the real estate sales rate, as more and more people decided to buy properties in the Sun State – either as summer house or places to spend the coming retirement years.
During the last few years, Florida’s popularity drove the real estate properties’ prices to unprecedented heights. This was backed up also by the constantly growing population. Despite the fact that Florida is one of the “balanced” states with the net immigration only a few per cent points higher than emigration, the state’s population is growing very quickly – from roughly 13 million in 1990 to 16 million in 2000 and about 18 million in 2006.
Florida Real Estate Properties: Prices and Trends
Orlando, Florida Real Estate
Posted by sagolas in Uncategorized on May 6, 2011
The Orlando, Florida real estate market attracts buyers from all over the world. Even in the wake of hurricanes, the real estate market continues to show phenomenal growth in this area. Not only is the real estate market strong, Orlando also has a strong job market and continues to hold a ready supply of housing in varying price ranges. Although interest rates have risen slightly, the low interest rates continue to contribute to Orlando’s booming housing market. The annual interest rate for a 30-year fixed mortgage continues to hover around 6%. The fact is, Orlando is seeing – and will continue to see – record breaking real estate sales.
As a matter of fact, Orlando currently is the fourth hottest real estate market in America. Those individuals with money to invest are doing so in Orlando because the area offers huge opportunities to purchase property and then rent it out to the millions of tourists who come to Orlando for its many attractions – including Disney World.
Wealthy investors also enjoy the reasonably priced luxury homes that are available in Orlando. They start at around $750,000 and can go as high as $3.5 million or more. This may sound steep, but compared to what you would spend in Manhattan for a home with pools, completely furnished, parking garage and many other amenities, these prices are low. Most luxury homes are built with over 4,500 square feet of spacious living and include outdoor pools, gardens, etc. Perhaps now, more than ever, is the right time to buy in Orlando. According to the Orlando Sentinel, the inventory of existing homes for sale in Orlando is now five times greater than it was a year ago and homes are taking longer to sell. Local developers are wooing buyers with price discounts and closing costs giving the buyer a certain amount of control.