The Orlando Condo Blog

Condo prices have fallen more in Orlando during the past year than in any other metro area in the state and, most likely, the country. That’s according to today’s Orlando Sentinel. Statistics from the National Association of Realtors show that the median price for a 2-bedroom Orlando condo is currently about $50,600 - that’s a 56% reduction from the same [...]

It seems as though every time you turn on the news they either have a “Our economic messiah has arrived” statistic for you to show everything is great, or a “We’ve mortgaged our children to the Chinese who are using them to fund nuclear bombs” comment to show everything is terrible. Gross Domestic Product (what [...]

Brio Restaurant at the Mall of Millennnia, Orlando hosted some of Orlando’s local residents who had been hit by recent hard times for an on-the-house Thanksgiving lunch yesterday. About 75 guests signed up for the turkey Thanksgiving lunch. The entire Brio staff along with other volunteers (including one or two from Condo Metropolis) arrived for the 11am [...]

Lake Buena Vista Resort is an Orlando approved Regional Center for this program, and President Obama has signed legislation that incorporates an extension of the EB-5 immigrant visa program extending it until October 2012. What is it? It’s an opportunity for high net worth ($1MM) foreign nationals to fast track to Green Cards for themselves and their immediate [...]

In some homeowner associations, the number of owners who rent their units is extraordinarily high, sometimes even outnumbering resident owners. With absentee owners and just a few irresponsible renters, there may be a move by the board to limit or eliminate rentals altogether. What things should be considered? When it comes to sorting out rental [...]

Sometimes it’s just easiest to remember that (with one or two exceptions) there are no loans on condos right now. For those interested in the detail, HUD just changed its condominium rules again for those seeking FHA approval, but I’m not sure it really changes anything for the average buyer. HUD has relaxed its controversial requirement [...]

The Palms Hotel and Villas, condo hotel, Kissimmee FL – just a stone’s throw from the Orlando Disney Parks. Purchased at $125,000 in  2006 – now priced at just $16,000! The catch? There isn’t one, this is a real one hundred thousand dollar discount. It’s not a short sale – it’s not a foreclosure – it’s [...]

Well good; it’s officially official.  The 1st time homebuyer $8000 tax credit has been extended.  And, for Super Mario bonus points, they even threw in a move-up homebuyer’s tax credit of $6500.  Here are the new rules that potential purchasers must adhere to:                            Get under contract by April 30th, 2010                            Close by June [...]

We’re excited to report that Congress has answered our collective call to extend and expand the homebuyer tax credit!           Both the House and the Senate have passed an unemployment insurance bill, which includes an amendment that expands and extends the tax credit.  That bill will be sent to President Obama for his signature in the next [...]

There seems to be a world of confusion surrounding the extension of the $8000 1st time homebuyer’s tax credit.  For some reason, a lot of large news networks broadcast a story that made it appear that Congress had already passed legislation extending the opportunity to capitalize on it.   Allow me to clarify:   Thus [...]