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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Orlando is #90 on the best places for Business and Careers list.

Orlando Statistics:

• Metro Population: 2,229,800
• Major Industries: Aerospace & Defense, Tourism, Technology
• Gross Metro Product: $108.5 B
• Median Household Income: $47,965
• Median Home Price: $133,700
• Unemployment: 6.8%
• Job Growth (2012): 2.4%
• Cost of Living: 2.1% above nat’l avg
• College Attainment: 27.5%
• Net Migration (2012): 38,840

Forbes Lists:

Orlando, FL – Forbes
http://www.forbes.com/places/fl/orlando/

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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Planning a trip to Orlando FL. Frommer’s has a great travel guide. Learn all about the area’s theme parks and attractions, shopping, dining, nightlife, entertainment, sports, hotels and more.

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!

It’s Florida’s No. 1 consumer complaint — telemarketing calls. Now those telemarketers are targeting cellphones. Action 9 investigates new telemarketing targets and how to protect yourself. Read the story here.

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!

Home Tips from Teri is a monthly email newsletter offering tips for saving money, home maintenance, safety, and just about anything else you can think of.

The July edition gives ideas for keeping your yard healthy and your garden looking good all summer long.

Teri’s Home Tips are delivered by email each month. Want to subscribe, click on this link and then hit the ‘refer a friend’ button and enter your name and email.

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

For more information on Orlando real estate, visit 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.

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Extra! Extra! There’s a new newspaper in town!

The Orlando Avenue Top Team is proud to announce our NEW online newspaper, Orlando News Today!

Here you get get the latest headlines in an easy to read format and without any advertising!! No pop-up windows to drive you crazy or ads to watch before you can view the video yo want.

We’ve pulled the day’s top news stories about the Orlando area including news, sports, arts, entertainment, technology and business. And of course we wouldn’t be complete without the latest trending photos and videos.

Don’t miss an issue…Subscribe Today!

Hurricane Sandy’s immediate impact on real estate in the hardest hit Northeastern neighborhoods has become painfully evident, from New Jersey shore houses completely swept away by the sea to entire neighborhoods like Queens’ Breezy Point tragically leveled to the ground. But this latest natural disaster won’t just affect certain ZIP codes, it will weigh on America’s housing market as a whole, according to Forbes.com.

In many parts of the country a housing recover has begun. Nationally, home sales have been notably higher this year as compared to last. In September, existing home sales were up 11% year-over-year and pending sales up 14.5%, according to the National Association of Realtors. Prices have risen too, with the national median sales price $183,900, or about 11% higher than September of 2011.  Inventory has fallen drastically in many parts of the country, fueling the uptick in prices. The rising numbers have helped housing become a bright spot in recent economic reports, with analysts projecting that residential investment will positively contribute to gross domestic product this year for the first time since 2005.

Now, that rosy recovery is sure to dampen. “This will certainly create a negative in the short term,” says Lawrence Yun, chief economist of the National Association of Realtors. “The bottom line is we clearly anticipate a slowdown, but it will be temporary.”

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

Orange County Real Estate Sales Statistics – October 2012  

Orange County saw 191 more homes sold in October 2012 than 2011, a 12 percent increase. The average sales price increased by 6 percent and the median sales price increased by 2% from October 2011.  Market times decreased by 25 days or 15 percent.  

Osceola County Real Estate Sales Statistics – October 2012

Osceola County homes saw home sales decreased by 1 homes, a 0.2 percent decrease. Prices increased with the average sales price up 0.5 percent and the median price increased by 7 percent.  Market Times decreased by 31 days compared to October 2011.

Seminole County Real Estate Sales Statistics – October 2012

Seminole County residential sales increased by 19 percent with 115 more homes sold in October 2012. The averages sales price increased by 6 percent, and the median sales price increased by 14 percent compared to October 2011 levels. Market times decreased by 30 days or 18 percent.

Lake County Real Estate Sales Statistics – October 2012  

Residential sales in Lake County increased with 89 more home sold a 21 percent increase. The average sales price increased by 7 percent, while the median sales price increased by 9 percent during the same time period.  Market times decreased by 24 days.

Polk County Real Estate Sales Statistics – October 2012

Polk County saw 186 more home sold in October 2012 compared to 2011.  The average sales price increased by 0.3 percent, while the median sales price increased by 7 percent.  Market times decreased by 3 day compared to October 2011.

Now is the time to get your best price on an Orlando home, before the prices move upward. 

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.

Good news!  The recent results of a large-scale survey strongly indicates that consumer optimism and the desire to own real estate continue to rise.

Additionally, Fannie Mae’s National Housing Survey polls 1,001 Americans each month to assess their attitudes toward homeownership, renting, mortgage rates, foreclosures, the economy, household finances, and overall consumer confidence. The results of June’s survey show Americans are increasingly optimistic about the housing market despite concerns about the broader economy and their personal finances.

• According to the survey, Americans expect home prices to increase 2.0 percent over the next year.
• Among participants, 35 percent said prices would rise over the next 12 months, which is the largest percentage in the survey’s two-year history.
• Also, the number of respondents who said they would buy their next home if they were going to move rose 6.0 percent to 69 percent, which is the highest level ever recorded.
• The number of Americans who said it was a good time to buy a home increased to 73 percent.

Lets take a look at July sales figures in our local markets.

Orange County Real Estate Sales Statistics – July 2012  

Orange County saw 68 more homes sold in July 2012 than 2011, a 4 percent increase. The average sales price increased by 6 percent and the median sales price increased by 8% from July 2011.  Market times decreased by 19 days or 20 percent.  

 Osceola County Real Estate Sales Statistics – July 2012

Osceola County homes saw home sales decreased by 27 homes, a 5 percent decrease. Prices increased with the average sales price up 11 percent and the median price increased by 15 percent.  Market Times decreased by 31 days compared to July 2011.

 Seminole County Real Estate Sales Statistics – July 2012

Seminole County residential sales increased by 2 percent with 9 more homes sold in July 2012. The averages sales price increased by 4 percent, and the median sales price increased by 6 percent compared to July 2011 levels. Market times decreased by 27 days or 25 percent.

Lake County Real Estate Sales Statistics – July 2012  

Residential sales in Lake County increased with 48 more home sold a 12 percent increase. The average sales price decreased by 4 percent, while the median sales price increased by 1 percent during the same time period.  Market times increased by 29 days.

 Polk County Real Estate Sales Statistics – July 2012

Polk County saw 111 more home sold in July 2012 compared to 2011.  The average sales price increased by 9 percent,and the median sales price increased by 8 percent.  Market times decreased by 14 days the same as July 2011.

Now is the time to get your best price on an Orlando home, before the prices move upward. 

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.

There were 12,128 Orlando FL foreclosure homes in March 2012, according to RealtyTrac.com.  The average sales price of an Orlando home was $126,288 and the average sales price of a foreclosure home was $104,270, a $22,018 savings.

Orlando FL Foreclosure Activity and 30 Year Interest Rate

The interest rate on a 30 year mortgage was 3.95% in March and there were 986 new foreclosures compared to 1,171 new foreclosures in February.

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Orlando FL Foreclosure Geographical Comparison

Orlando FL foreclosures were 0.11% above national statistics, 0.04% below Florida figures and 0.01% below Orange County numbers in March.

Orlando FL Foreclosure Activity by Month

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