Great news from this press release:

Oxford, Miss. (Nov. 15, 2013) –The latest FNC Residential Price Index™ (RPI) shows strong growth of home prices during the third quarter of 2013 as the housing recovery continues to broaden across the country. The index, constructed to gauge the price movement among the underlying non-distressed home sales, increased 2.5% between the second and third quarters, making the third-quarter growth the fastest in the current recovery.

Rising home sales and relatively low foreclosure sales are the key drivers of continued increases in home prices. As of September, foreclosure sales nationwide accounted for 13.4% of total home sales, up slightly from August’s 12.7% but down from 16.6% a year ago. Home prices are expected to grow at a more moderate pace in the coming months because housing demand tapers off in the winter. In another sign of slower growth ahead, the leading October sales-to-list price ratio fell to 96.0 from 96.5 in July and August.

FNC’s RPI is the mortgage industry’s first hedonic price index built on a comprehensive database that blends public records of residential sales prices with real-time appraisals of property and neighborhood attributes.[1]  As a gauge of underlying home values, the RPI excludes sales of foreclosed homes, which are frequently sold with large price discounts, reflecting poor property conditions.

Based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas, the FNC 100-MSA composite index shows that September home prices increased from the previous month at a seasonally unadjusted rate of 0.5%.   In a sign of moderating month-over-month price momentum, September’s price increase has tapered off compared to July and August. On a year-over-year basis, home prices were up a modest 6.2% from a year ago, or 5.7% if measured quarterly. The 30-MSA and 10-MSA composites exhibit similar month-over-month price momentum but faster accelerations in year-over-year growth at 6.7% and 6.8%, respectively.

Twenty-seven metro areas tracked by the FNC 30-MSA composite index show rising prices from August to September, led by Miami, Baltimore, Charlotte, N.C., and Riverside, Calif. – each at about 2.0%. Las Vegas, Los Angeles, and Phoenix also recorded a sizable increase in September at 1.4%, 1.2%, and 1.2%, respectively, after a relatively flat August month. Meanwhile, home prices in Denver declined for the second month in a row after first showing signs of weakening in August. The city’s foreclosure sales picked up slightly in recent months. St. Louis, on the other hand, saw a significant increase of foreclosure sales in August and September, which likely caused the 1.3% drop in home prices. In September, nearly 30% of the city’s home sales were foreclosure sales, up from 19.5% a year ago.

As of September, 15 MSAs have shown double-digit price growth since early 2012. Continuing to lead in the recovery are the markets in high distress during the 2008-2009 mortgage crisis, including Phoenix, Las Vegas, Riverside, Los Angeles, and Orlando. The 100-MSA composite showed an 11.0% cumulative price recovery nationwide. In comparison, the recoveries in Chicago, St. Louis, and Columbus are significantly lagging the national average.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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This Month in Real Estate – November 2013

The primary reason sellers decide to move.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Orlando Real Estate:

223 Lakay Place Longwood FL 32779
MLS# O4993837

Beauty Warmth and Value!

SHORT SALE. Beauty, warmth & value is offered in this Tuscan inspired Custom Estate. Living space for all including office, family room, wired media room, master on 1st floor, gourmet kitchen, Brazilian cherry floor, granite counters & incredible backyard pool area. Incredible open kitchen with a gas cook island, walk-in pantry, desk, wine fridge plus the table here stays and refrigerator. The large family room allows for cooking for your guests while entertaining. Step out the French doors to the covered patio with pond views and steps down to the heated pool and spa plus extended backyard.  There is an audio system on the patio, in the living room and master bath area too for added enjoyment.  Pool table in living room is for sale as well as other items in the home.  There is a formal dining area, 4 living areas which include the large media room upstairs and loft area, down is the family room and living room.  Plenty of privacy here as the house is set off the road.  Luxury upgrades inside. This home has it all from exclusive bathroom cabinetry to pullout shelving and high ceilings. Office is the 5th bedroom on the first floor it does have a closet and could be converted into a lovely nursery.  Cash only.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Welcome to this week’s edition of Home Tips from Teri.

This week’s edition, Update Your Bathroom In a Single Weekend, includes tips for color choice, adding charm, replacing fixtures and so much more.  Be sure to take a look and learn how transform your dull, dated bathroom into s stylish retreat.

On the right there are buttons to search Orlando homes for sale, Request the value of your home, and Refer a friend. If you scroll to the bottom of the page, you can join us on social media.

Teri’s Home Tips are delivered by email each month. Hit the ‘refer a friend’ button and enter your name and email to subscribe. Or click on this link and go to ‘Refer a Friend’..

Do you know someone who is buying or selling property? We can help. Just click the ‘refer a friend’ button.

We hope you enjoyed this information, compliments of Teri Isner and the Orlando Avenue Top Team. Thanks for watching!

For more information on Orlando real estate, visit OrlandoAvenue.com.

The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed would announce that they would be reducing the level of bond purchases last month. When that didn’t happen, rates actually decreased.

That was great news for any buyer in the process of purchasing a home. However, this window of opportunity is expected to close in the very near future as most experts expect the Fed to taper the bond purchasers in December.

So, don’t let this opportunity pass you by. Leverage your buying power NOW while rates remain low. Contact us today for help!

Take a look at sales figures in our local real estate market for September 2013.

Orange County Real Estate Sales Statistics – September 2013

Orange County saw 9 more homes sold in September 2013 than September 2012, a 1 percent increase. The average sales price increased by 10 percent and the median sales price increased by 18 percent from September 2012.  Market times decreased by 33 days or 21 percent.

Osceola County Real Estate Sales Statistics – September 2013

Osceola County homes saw home sales increased by 18 homes, a 4 percent increase. Prices increased with the average sales price up 24 percent and the median price increased by 19 percent.  Market Times remain consistent compared to September 2012.

Seminole County Real Estate Sales Statistics – September 2013

Seminole County residential sales increased by 6 percent with 37 more homes sold in September 2013. The average sales price increased by 22 percent, and the median sales price increased by 24 percent compared to September 2012 levels. Market times decreased by 26 days or 18 percent.

Lake County Real Estate Sales Statistics – September 2013

Residential sales in Lake County increased with 63 more homes sold a 15 percent increase. The average sales price increased by 20 percent, and the median sales price increased by 17 percent for the month compared to September 2012.  Market times decreased by 3 days.

Polk County Real Estate Sales Statistics – September 2013

Polk County saw 52 more homes sold in September 2013 compared to September 2012.  The average sales price increased by 22 percent, and the median sales price increased by 21 percent.  Market times decreased by 42 days compared to September 2012.

It’s still a great time to get your best price on an Orlando home.

The American Dream of homeownership is alive and well, according to a majority of renters surveyed for the NAR 2013 National Housing Pulse Survey. The survey found that more renters are thinking about becoming homeowners than in past years and the number of Americans who prefer to rent is declining. Thirty-six percent of renters said they were thinking about purchasing a home, compared to only 25 percent in 2011.

Americans’ concerns about home values continuing to drop have also diminished. A majority of respondents revealed that housing prices in their area are higher than last year, and 38 percent reported an increase in local housing market activity in the past year.

Take a look at sales figures in our local real estate market for August 2013.

Orange County Real Estate Sales Statistics – August 2013

Orange County saw 31 fewer homes sold in August 2013 than August 2012, a 2 percent decrease. The average sales price increased by 23 percent and the median sales price increased by 27 percent from August 2012.  Market times decreased by 25 days or 17 percent.

Osceola County Real Estate Sales Statistics – August 2013

Osceola County homes saw home sales increased by 39 homes, a 7 percent increase. Prices increased with the average sales price up 12 percent and the median price increased by 23 percent.  Market Times decreased by 15 days compared to August 2012.

Seminole County Real Estate Sales Statistics – August 2013

Seminole County residential sales increased by 9 percent with 63 more homes sold in August 2013. The average sales price increased by 16 percent, and the median sales price increased by 13 percent compared to August 2012 levels. Market times decreased by 26 days or 18 percent.

Lake County Real Estate Sales Statistics – August 2013

Residential sales in Lake County increased with 29 more homes sold a 6 percent increase. The average sales price increased by 14 percent, and the median sales price increased by 14 percent for the month compared to August 2012.  Market times decreased by 22days.

Polk County Real Estate Sales Statistics – August 2013

Polk County saw 21 more homes sold in August 2013 compared to August 2012.  The average sales price increased by 20 percent, and the median sales price increased by 24 percent.  Market times decreased by 20 days compared to August 2012.

It’s still a great time to get your best price on an Orlando home.

The cost of buying a Orlando FL home is going up. What’s behind the rise in interest rates? Is now still a good time to buy? Here’s an interesting video explaining a little bit about why mortgage rates are rising. There’s also a little bit in here about how “staying on the fence” could lead to a higher monthly payment.

Rates are still historically low and it’s a great time to buy. Wondering if now is the time for you to buy a Orlando FL home? Give us a call! We’ll help lay out your options so you can make an informed decision.

Take a look at sales figures in our local real estate market for July 2013.

Orange County Real Estate Sales Statistics – July 2013

Orange County saw 212 more homes sold in July 2013 than July 2012, a 12 percent increase. The average sales price increased by 19 percent and the median sales price increased by 22 percent from July 2012.  Market times decreased by 22 days or 15 percent.

Osceola County Real Estate Sales Statistics – July 2013

Osceola County homes saw home sales increased by 40 homes, a 7 percent increase. Prices increased with the average sales price up 22 percent and the median price increased by 21 percent.  Market Times decreased by 23 days compared to July 2012.

Seminole County Real Estate Sales Statistics – July 2013

Seminole County residential sales increased by 14 percent with 97 more homes sold in July 2013. The average sales price increased by 16 percent, and the median sales price increased by 18 percent compared to July 2012 levels. Market times decreased by 25 days or 17 percent.

Lake County Real Estate Sales Statistics – July 2013

Residential sales in Lake County increased with 126 more homes sold a 23 percent increase. The average sales price increased by 15 percent, and the median sales price increased by 18 percent for the month compared to July 2012.  Market times decreased by 22 days.

Polk County Real Estate Sales Statistics – July 2013

Polk County saw 98 more homes sold in July 2013 compared to July 2012.  The average sales price increased by 12 percent, and the median sales price increased by 16 percent.  Market times decreased by 13 days compared to July 2012.

It’s still a great time to get your best price on an Orlando home. 

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Welcome to your up-to-the-minute August 2013 edition of Market Snapshot for Windermere Florida compliments of Teri Isner.  This report is personalized with charts including market activity for homes in the 34786 zip code.  Let’s take a look.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools and detailed community information in the 34786 zip code by selecting the tabs in the upper left.

Interested in getting a personalized Market Snapshot? Simply visit www.OrlandoAvenue.com, select the Market Snapshot box, and enter the zip code you want to watch.

And don’t hesitate to email Teri at any time for more information.

Thanks for watching and visiting www.OrlandoAvenue.com.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Welcome to your up-to-the-minute August 2013 edition of Market Snapshot for Windermere Florida compliments of Teri Isner.  This report is personalized with charts including market activity for homes in the 34741 zip code.  Let’s take a look.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools in the 34741 zip code and detailed community information by selecting the tabs in the upper left.

Interested in getting a personalized Market Snapshot? Simply visit www.OrlandoAvenue.com, select the Market Snapshot box, and enter the zip code you want to watch.

And don’t hesitate to email Teri at any time for more information.

Thanks for watching and visiting www.OrlandoAvenue.com.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Welcome to your up-to-the-minute August 2013 edition of market snapshot for Celebration Florida compliments of Teri Isner.  This report is personalized with charts including market activity for single family homes in the 34747 zip code.  Let’s take a look.

You will see there is detailed information about days on the market, the average selling price and median selling price as well as the number of homes sold. Just open the tab for more information.

You can also view these homes on a map or click on the tabs to the left for more detailed information.

You can also view schools in the 34747 zip code and detailed community information by selecting the tabs in the upper left.

Market snapshots are also available for Celebration condo and townhome sales.

Interested in getting a personalized Market Snapshot? Simply visit www.OrlandoAvenue.com, select the Market Snapshot box, and enter the zip code you want to watch.

And don’t hesitate to email Teri at any time for more information.

Thanks for watching and visiting www.OrlandoAvenue.com.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!