The Orlando Condo Blog

This turned out to be the most “interesting” auction to date in Orlando. A complete contrast from downtown Solaire last month, and nothing like the Lake Mary auction of last year, the Tradewinds auction in MetroWest finally solidified the notion that right now, your average home buyer is both terrified – and somewhat clueless. A [...]

After reading a letter online from a concerned parent, I couldn’t resist this one. I should start by asserting that however flippant this post seems, it’s really not a funny subject. With all the condos out there being rented by investors who were unable to flip, many of them out of state, it’s not surprising [...]

Last year we reported that MetroWest was to get a new sub-station – and here it is snapped by yours truly on the way to the dry cleaners. Gotta love that iPhone. Sources reveal it should open the middle of April (for “sources” read, “the guy at the Chinese take-away next door”). Since hiring it’s [...]

The Fed has flexed some serious muscle in the last week and a half, and I am feeling very positive about the outcome thus far.  Here’s the play-by-play: Bear Stearns suffered a liquidity emergency (kinda like what would happen if everyone in New York flushed at the time to water, only with money),  ignited by [...]

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So here’s the post-auction pricing at Solaire for what’s left – any thoughts? For more on Solaire at the Plaza, visit our Solaire Condos page. var conveythis_src = “en”;translation

It has been another crazy week in the financial markets. This time, however, there is a nice balance of good news and bad news. Hey, half and half is a better ratio than we’ve seen in recent days. So let’s get to it. Tuesday, March 11th marked the best single-day gain in the Dow Jones [...]

A National Association of Home Builders quarterly index that measures builder and developer confidence in the condo market dropped 11 points in the final quarter of 2007 compared to the same quarter in the previous year. The Multifamily Condo Market Index, based on a survey of builders, stood at 18.8 in the fourth quarter on [...]

Palm Harbor, in case you’re wondering, is on the Gulf side of FL near Tampa (West Coast.) This condo conversion looks like a great leaseback deal for investors / overseas buyers… i.e. when you purchase here, they will guarantee full rent for at least two years regardless of occupancy, plus pay 2 yrs of taxes [...]

You guys may notice a new logo at the top of this newsletter.  Your friendly local mortgage     professional has decided to hang his hat at a new brokerage, opening up access to almost twice as many lenders and, most notably, FHA financing.  The government’s working for ME now.  Take THAT, Uncle Sam.  Aside form that, [...]