We’re at an all-time housing inventory low. This “macro” shortage is almost the same size as the oversupply was in 2007. Florida is number three in a list of the top five states with the largest housing supply deficits. This shortage has put pressure on buyers and prices. There are a number of reasons why:[…]
The Veterans’ Administration removed the price cap on VA mortgages on January 1st. That means if you’re a vet, you may qualify for a zero-down mortgage, with no limit on the price of the home. Due to the ballooning costs of single-family homes and condos around the U.S., veterans no longer have a price cap[…]
Orlando’s housing market in August saw an increase of 9% in year-over-year median price to $250,000. Inventory has gone down 2% over that same period of time.
July 2019 Orlando real estate stats are in: 🔸 The median home price in Orlando is $247,000, up 5% from July of 2018. 🔸 The number of homes for sale continues to create a competitive market, but July 2019 had a 6% rise in inventory compared to July of 2018. Whether you’re wanting to buy[…]