Recent research by the realtor.com examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s real estate market. Today, we want to concentrate on four of those red flags.

1. Price to Rent Ratio
2. Price to Income Ratio
3. Mortgage Transactions
4. House Flipping

All four categories were outside historical norms in 2005. Home prices were way above normal ratios when compared to both rents and incomes at the time.

They explained that mortgage transactions as a percentage of all home sales were also at a higher percentage:

“Loose credit was one of the main culprits of the housing crisis. Mortgage lending expanded dramatically as unhealthy housing speculation reached its peak and was met by the highest level of credit availability as measured by the Mortgage Bankers Association. The index measures the overall mortgage credit condition by the share of home sales financed by mortgages. This metric does not capture credit quality, but it does set a view of the importance of financing in supporting the housing market.”

House flipping was rampant in 2005. As realtor.com’s research points out:

“Heightened flipping activity is a clear indication of speculation in the real estate market. A property is considered as a speculative flip if the property is sold twice within 12 months and with positive profit. Flipping is a normal part of a healthy housing market. In an inflated housing market, expectations about short-term profit from pure price appreciation are very high; therefore, the level of flipping activity would show evidence of being heightened.”

Here are the categories with percentages reflecting the unrealistic ratios & numbers of 2005 as compared to the current market. Remember, a negative percentage reflects a positive gain for the market.

Bottom Line

They say hindsight is 20/20… Today, experts are keeping a close watch on the potential red flags that went unnoticed in 2005.

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

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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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Things To Do Orlando:  3rd Thursday Gallery Hop gives you a chance to appreciate local art.

Join thousands of visitors who converge in Downtown Orlando for 3rd Thursday Orlando’s Gallery Hop, Tech Meetup and Business Networking events!

VISIT THE FOLLOWING VENUES:
Aloft Orlando Downtown 500 S Orange Ave.
Canvs 101 S. Garland Ave. #108
CityArts Factory 29 S Orange Ave.
The Kiene Quigley Community Gallery:
Gallery 29:
The Orlando Magic Gallery:
Star Gallery:
Redefine:
Young Artists Gallery, presented by Artegon Marketplace:
O Gallery: “O” Gallery features resident artists Vickie Wilson, Donna Dowless, Dlynn Roll, Roberto Gonzalez, Pamela Loudon, Ronda Richley, Bernie Martin, Nestor Charneco, Mercedes Charneco and Doug Powell.
The Falcon Bar & Gallery 819 E Washington St.
Gallery at Avalon Island 39 S Magnolia Ave.
Grand Bohemian Gallery 325 S Orange Ave.
NV Art Bar 27 E Pine St.
Art Haus Drogue, opens at 6 p.m.
Orange County Library 101 E Central Blvd.
Terrace Gallery/City Hall 400 S, Orange Avenue
Orlando Tech Meetup Church Street Exchange, 101 South Garland Ave

WHEN:  Thursday, August 18 @ 6pm
WHERE:  Downtown Arts District – 29 South Orange Avenue

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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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The Celebration Real Estate Market Trends Report for 34747 shows 94 homes sold in July 2016 compared to 88 in July 2015. The average sales price was $279,026 compared to $307,375 in July 2015 and homes were on the market an average of 121 days, up from 106 days in July 2015.

Some Highlights:

• Interest Rates are still below historic numbers.
• 88% of property managers raised their rent in the last 12 months!
• Credit score requirements to be approved for a mortgage continue to fall.

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

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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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Back by popular demand! Mamma Mia! Sing-Along – calling all Dancing Queens and Super Troupers! The light is going to find you at TheAbbey when we present MAMMA MIA! on our big screen! What’s the name of the game? You sing along to all your favorite ABBA songs you know and love – we’ll provided the drink specials, candy buffet and complimentary popcorn, as well as prizes for best costume!

WHEN:  Friday, August 12, 2016 @ 8pm
WHERE:  The Abbey
COST: $20

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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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Appreciate art this weekend!  Things To Do Orlando:  Form in Light brings you a great exhibit!

Snap! Downtown presents ‘Form in Light’ – featuring works by Drew Doggett and Luis Lazo.  Also on view at OG1 Gallery : ‘Dans la Nature’ (In Nature) –  with works by Tom Chambers, Martin Stranka, Alicia Edijanto, and at OG2 Gallery : ‘Intersection’ – with works by Michael Rothwell.

WHEN:  Friday, August 5, 2016 from 7pm-10pm
WHERE:  Snap! Downtown Gallery 
COST:  FREE

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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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If you’re looking for Things To Do In Orlando this upcoming weekend, try  Aquatica Island Nights!

Aquatica heats things up with Island Nights presented by Coca-Cola – an all-new beach party taking place every Friday and Saturday. Enjoy live DJs, dancing on the beach and an evening menu sizzling with flavor. Step into the center of the action at the party zone with interactive games, live music and awesome prizes.

WHEN:  Saturday, July 30th, 2016 @ 5pm-9pm
WHERE:  Aquatica, SeaWorld’s Waterpark
COST:  Included with park admission to Aquatica

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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!

Wondering what to do this weekend? Fun Things To Do Orlando – Orlando Rocks Country! With Jill’s Cashbox, Patrick Gibson, Justin Grimes and Jeff Hurst is the perfect event for the country music lover.

Since 2011, Jill’s Cash Box has used influences from Country, Rock, Top 40, & Pop to develop its sound. The group bonded over their affinity for music and creativity and used their unique life experiences to create a distinct country-rock feel all its own.

Patrick Gibson has grown wildly popular since the start of his fame in his home of Central Florida. This talented singer writes his own music album and performs to sold out crowds in Central Florida , saving the little free time he has to donate his time to charity and children.

Justin Grimes is a singer/songwriter from Central Florida whose lyrically driven blend of blues, country, soul, southern rock and folk is best described as “smooth.”

Jeff Hurst is a self- taught guitarist who spent hours perfecting his craft and drawing musical inspiration from every angle of his life. He has worked with some of the biggest hit songwriters in today’s country charts and is excited to be back in his Central Florida hometown for Orlando Rocks Country! with the other artists.

WHEN:  Saturday, July 23, 2016 @ 7:30pm
WHERE:  House of Blues
COST: $5

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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!

Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:

1. What is the minimum down payment required to purchase a home?

2. What is the minimum FICO score required to qualify for a mortgage?

3. What is the maximum Back-End DTI Ratio allowed?

A survey conducted by Fannie Mae revealed startling information: most Americans don’t know the answer to these three crucially important questions. Here is a graphic showing the results of the survey:

The percentages are quite disturbing but can explain why so many people believe they are not eligible to purchase a home whether it is a first home or a trade-up home. Here are the actually requirements as per Fannie Mae:

Bottom Line

If you are considering purchasing a home, make sure you are aware of all your options before moving forward.

The Audubon Park Garden District is pulling out all the stops this year for a four day Bastille Day Celebration with food, drink, entertainment and more. There will be the Fifth Annual Wine and Cheese Pairing with La Femme du Fromage’s Tonda Corrente, Rouge Rouge the pop up market returns to Redlight Redlight, Maria Antoinette is scheduled for an appearance, and NEW THIS YEAR – the Bubbles Bash Sip and Stroll. With more stuff to be added.

WHEN:  Thursday, July 14, 2016 – 9:30am – 9pm
WHERE:  Audubon Park Orlando
COST: Prices vary

Visit the Event Website for more details.

Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.

Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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!