The Orlando Condo Blog

Fact:  China needs our discretionary income and consumer sentiment to stay high so they can maintain export levels and sustain the bullish run they’ve had in GDP.
 
Fact:  If we go down, we are chained to so many other economies that we will bring the world kicking and screaming with us.
 
Opinion:  The Federal Reserve has shown [...]

Fiction: Inquiries from multiple mortgage lenders while shopping for a loan will lower my credit score.

Fact: Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though you’re only looking for one loan. To compensate for this, the score ignores all mortgage and auto inquiries made in [...]

Most Expensive Condo:

At 9:10 on Wednesday, November 14th Fed chairman Ben Bernanke gave a rousing speech at the CATO Institute concerning transparency of monetary policy and future Fed movement. Since it took about an hour to say, I’ll do my best to hit you with the highlights.
Ben reiterated that he practices a method of policy orchestration called [...]

A recent forecast report released by the National Association of Home Builders projects that Florida state, and in particular metro areas within the state, will experience the steepest declines in housing starts this year compared to last year.
Housing starts in Florida are projected to fall from 198,900 in 2006 to 103,300 this year, a massive 48.1 percent drop, [...]

I was a kid the last time the dollar was this weak against the Great British pound, but right now for every pound a Brit brings to Orlando, they get over two dollars ($2.09) in return, effectively doubling their money - and more than doubling it when you take into account how much more expensive [...]

Oooh! Ooooh! Pick me, pick me!
Going cheap: Condo conversion in southwest Orlando, with no repairs needed and many upgrades in place. Appraised value is just over $30M - asking price is just over $20M. This is a potential income property or resale of over 170 units. Property is in a good location close to major [...]

I’d like to start with a less than encouraging quote from Fed chairman Bernanke: “Overall, the Committee expected that the growth of economic activity would slow noticeably in the fourth quarter from its third-quarter rate. Growth was seen as remaining sluggish during the first part of next year, then strengthening as the effects of tighter [...]

Most Expensive Condo:

The U.S. Real Estate market is changing in dynamic ways. And I’m not talking about the messy mortgage melt-down. Every minute, six people turn 60 years old in America, and the graying of the population will change the housing market in many dynamic ways. 78 Million sunshine-seeking Boomers will retire in 15 years or less. Guess [...]

Take a gander below at the condo projects that have gone south in the last month or so. It’s depressing. Or is it? What else does it signal? (other than an increase in the sales of Head On: Apply Directly To The Forehead).
I’m going to stick my neck out here and suggest that this “correction” might just signal the beginning of the end of [...]

Regency Park condos in Lake Mary will host a condo closeout sale this weekend with 1 bed, 1 bath condos on offer from $99,990! A 2/2 will cost you about $128 and a 3/2 about $169. Registrants will enter to win a free 32″ LCD TV. Only 20 condos remain so if you’d like to register and [...]