The Orlando Condo Blog

Everyone is all up in arms about Fannie Mae and Freddie Mac.  The big concern on Wall Street is that these two mortgage giants are going to collapse under the weight of all these bad loans that they have been accumulating over the course of the past five years.  If they did happen to close [...]

Tired of seeing condos listed on the MLS with bogus pricing that requires third party approval? Want to buy a condo at a real, guaranteed price?
This 1/1, 1200 square foot condo (plus loft) has vaulted ceilings and is in a great community in Metro West, one of Orlando’s prettiest neighborhoods. It was purchased for $135 [...]

There are more signs this week that nationally, the slump in the market may have reached its low point. (Don’t smack me, I said “may” ok?)
The most recent news from Las Vegas is that having been designated as one of the leading foreclosure cities in the United States, sales are edging up and prices holding [...]

Thursday, August 21, 2008
Orange County Convention Center
North Building – 3rd Floor – Room N320
9400 Universal Blvd.
Orlando, FL 32819
2:00 p.m. to 8:00 p.m. EST
RSVP: 407-685-9882
Contact: Mark Lindsey, Abernathy MacGregor. msl@abmac.com (310) 343-5844.
The nation’s second largest mortgage insurer PMI Group (www.pmi-us.com) has released its annual Economic Real Estate Trends report, and the study reveals [...]

Absolute Auction
15 Sell Regardless of Price! No Minimums • No Reserves

World Quest Resort Orlando will auction 15 luxury condos “absolute” on Saturday, September 6, 2008. The condos are said to be guaranteed to sell regardless of bid price – no minimums, no reserves. Both 2 and 3-bedrooms will be available. All have upscale kitchens and [...]

According to Jerry Jackson at the Orlando Sentinel, the developer of downtown Orlando’s Paramount condo tower testified in court on Wednesday that the company had spent more than $16 million to add extra bracing to the building. The developer went on to claim that this work was not a “material” change requiring notification of individual [...]

While the fence sitters in the U.S. may get away with “waiting for bottom” a few months longer, the Brits won’t have that luxury as the dollar is beginning to strengthen again.
From the point of view of much of the world, Florida has been “on sale” for a year or so now. And for the [...]

For would-be home owners who are finding it’s not as easy as it once was to buy a house , newly enacted legislation might just help. There is is now a ‘tax credit’ of as much as $7.5k for first-time buyers – but don’t wait too long because only homes purchased on or after April [...]

With new construction finally at a low, people are now actually moving into new homes faster than builders are erecting them. Accordingly, Orlando’s inventory of new subdivision housing fell again during the second quarter. That’s according to a report by Metrostudy, who found 3,646 finished-but-vacant single-family homes in the four-county metro area, down from 5,560 [...]

In the midst of having to deal with her husband’s suicide, the widow of Winter Park developer Steve Walsh is now being sued by his investment partners.
According to reports, senior members of Broad Street Partners said Thursday that they and other employees of the Winter Park development company were “shocked and saddened” by accusations in [...]

The Palms Club Condos near MetroWest has a one-bedroom condo special: For a limited time, you can buy a 1/1, 709 square foot, condo for just $99,900.00 — that’s more than a 50% reduction on price structures I’ve seen there in the past. That particular model was once $199,900 and is now being offered [...]

Two big deals in recent days: A Federal Reserve Open Market Committee (FOMC) meeting and the most aggressive housing bill to pass through the legislative process in quite some time. Add on a com­modity valuation plunge, high inflation readings, an artificially inflated Gross Domestic Product and bake at 350 degrees for 45 minutes and you’ve [...]