About Seminole County, FL

Phew it's been a year of hard work and dedication to not only myself but to my clients and my business. Through that hard work and dedication I have been able to achieve RE/MAX's coveted Platinum Club Status.

I wasnt sure if I would be able to do it but with 40 days left in the year, it's official! I want to give a big Thank You to all my customers who continue to refer me to their friends and family and who allowed me to help them with their biggest and most special financial purchase in one's life.

It's been an honor working with and building relationships with each and everyone of you and I look forward to many more great years to come!

My grandmother always said when the streets run red with blood buy buy buy! Now is the time people, a down market is a great time to purchase, the sad part is most people do it backwards and jump on the band wagon when things are good and get into bad situations. Take advantage of this down market and invest in your future, plus for most of you Uncle Sam is giving out FREE money.

A "Housing Start" is a home on which construction has started and, for the 4th straight month, national single-family housing starts held steady last month.

When the demand for homes grows faster than the number of homes for sale, prices increase.

As recent home sales data confirms, buyers currently outpace sellers and one consequence of this is an increase in multiple-offer situations this year.

It's no wonder home prices are up across so many neighborhoods.

October's Housing Starts report is .......

Read the COMPLETE BLOG POST HERE:

Housing Starts Are Down And Why It's Terrific News For Sellers

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Chris is Florida's #1 FHA Mortgage Broker and a syndicated mortgage blogger. He is regular contributor to the three leading industry blog-fronts including The Mortgage Chili Blog, My FHA Mortgage Blog, Top of Mind Networks, the newest contributor to Lenderama and recently featured on Fox35 News.

Chris can be found at
Orlando FHA Loans,
Chris[at]OrlandoMortgagePro[dot]com,
or by calling 407.377.0500 x 210

There have been several articles over the last year about the next big wave of foreclosures coming down the pipeline. 60 Minutes did a whole documentary on this last year.

Today USA Today published another article discussing the backlog of foreclosures on the horizon caused by failed short sales, failed modifications, government moratoriums, etc. Another 7 million homes in the USA are destined to go into foreclosure over the upcoming months.

This article makes an interesting read: Another Wave of Foreclosure Looms.

Central Florida / Orlando gets hundreds of new foreclosure case filings every single week. So anybody that is telling you that "the recession is over" is simply kidding themselves. I hate to say it, but it sure looks like a tidal wave is on its way to shore in the near future. If you are in the real estate business you need to continue to be focusing on foreclosures, REOs, and short sales. They are going to be around for many years yet to come.

Want to know what’s selling in your neighborhood? These statistics should give you a feel for the market value of your house.

Keep in mind that many of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

*Listed & Sold by Judy Chapman

If you’re a homeowner who wants to sell your house, the following should give you a better understanding of the Orlando FL marketplace.

Remember the old adage that ‘real estate is always local’. Your neighborhood may be different from the neighborhood just down the road.

Homes in Orlando are selling. In fact, they’re selling so well that thousands of homeowners just like you are moving out and moving on. Last year, 1,000 homes in Orange & Seminole counties sold every month on average. In 2009, monthly sales are averaging 1,600 homes. This represents a 60% increase! If the house down the street can sell in this difficult environment, so can yours.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.