FHA-Reduces-Minimum-Credit-Score

FHA Reduces Minimum Credit Score: Here’s What You Need to Know

Kevin Johnson Buyer Advice , Market Trends Leave a Comment

Credit is of considerable concern when it comes to buying a home, but if you’re on the market for a new place in the next few months there may be some timely news that applies to you. If you haven’t heard about the changes to the Federal Housing Administration’s (FHA) credit score minimum, here’s some information on the recent reduction …

Orlando-Median-Home-Prices-Rise-10-percent-in-April-2016

Orlando Median Home Prices Continue Record Growth in April

Kevin Johnson Market Trends Leave a Comment

KEY TAKEAWAYS: The median home price in Orlando grew nearly 10% in April 2016. Overall available inventory continues to decline helping to drive median home prices. Average sale price to list price ration 97.10%. Average days on market for homes closed in April was 70-days. Distressed sales continue slide; Foreclosures down 49% and Short Sales down 34%. The Orlando Regional …

Image of exterior Orlando home seeing benefits from February 2016 Orlando Housing Market Update

February 2016 Orlando Median Home Prices Rise Double Digits in the Face of Increasing Buyer Demand and Decreasing Inventory

Kevin Johnson Market Trends Leave a Comment

The biggest news from the February 2016 Orlando housing market update from the Orlando Regional REALTOR Association (ORRA) was that inventory continued to tumble, down by 5% year-over-year. With buyer demand increasing and inventory decreasing, the median home price in Central Florida grew by over 12% to $185,000. February also marked the 55th consecutive month of year-over-year median home price gains …

Orlando Rent Prices Climb Faster Than Home Prices

Orlando Rent Prices Rise Faster Than Wages, Slower than Home Prices

Kevin Johnson Buyer Advice , Market Trends , Real Estate 101 Leave a Comment

If you are renting in Orlando, it is no secret that cost to rent an apartment is rising fast. Well, according to a recent report from RealtyTrac, Orlando is one of several markets in the United States where rent takes up more than a third of the average household income. The report also stated that Orlando is one of 48-markets …

Median Home Prices Grow 13% in January 2016

Median Home Prices Grow 13% in January 2016

Kevin Johnson Market Trends Leave a Comment

The Central Florida housing market is off to an amazing start with double digit median home price gains in January! According to the Orlando Regional REALTOR Association (ORRA), the January median home price grew 13.87% over January 2015 to $176,500, and it grew 4.59% over December. The news is even better when we just look at “normal” sales (non-bank owned …

Orlando Median Home Prices Continue Growth in October

Orlando Median Home Prices Continue Growth in October

Kevin Johnson Market Trends Leave a Comment

For the 51st consecutive month, the median home prices climbed in October 2015 despite a 3% drop in completed sales year over year. The median home sale price in October 2015 for the metro Orlando area was$180,000 which is a 12.5% increase over 2014 and slightly down from September’s $182,500. Looking at the median home price by sale type, we …

Orlando Home Price Climbs 9 percent in September

September Market Update: Orlando Median Home Price Climbs 9%

Kevin Johnson Market Trends Leave a Comment

Summer is over and schools are back in session. This is the typical time when home sales start to slow however Orlando is still posting incredible numbers. The Orlando Regional REALTOR® Association (ORRA) reported that the median home price for all home sales increased 8.94% in September compared to September 2014. The median home price in September was $184,000 up …

Orlando Home Sales Increase in August 2015

August 2015 Home Sales – The Market is HOT

Kevin Johnson Market Trends Leave a Comment

Orlando home buyers made sure that Summer 2015 went out like a lion! August home sales were up 22% across the metro area over August 2014. The demand from buyers combined with low inventory levels helps surge the median home price to highest month-over-month increase this year, 11%. This also marks the 49th consecutive month that the median home price …

Home Sales and Median Home Sale Prices Rose in July 2015

Orlando Home Sales Continue to Grow in July 2015

Kevin Johnson Market Trends Leave a Comment

The July 2015 Orlando home sales numbers are out from the Orlando Regional REALTOR® Association and the news is great! Closings of existing sales in July 2015 were up over 33% while the median sales price rose for the 48th consecutive month to $183,875, an increase of 7.56% over July 2014. The increase in the median home sale price for Orlando …