The Orlando Condo Blog

Orlando's Real Estate Pulse…

Orlando Condo Investor Update

With spring in Orlando already well underway, were seeing uptick in the number of enquiries we are receiving from our clients who are thinkng about either exiting the marketplace, or acquiring new properties. As those of you who purchased through our real estate division know, at Condo Metropolis, apart from managing our investors condos and [...]

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The Confusion Continues: New FHA Rules

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 [...]

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Orlando Buyer Market Is Over!?

Yep. It is if you’re an investor looking for a condo deal under $50K. Increasing numbers of observers have said of late that we’ve already hit bottom, and I’m inclined to agree, with one caveat. Bottom will arrive at slightly different times for different states, and different cities within states and, different communities within cities. [...]

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The Makings of a Virtuous Circle

Hooray!  Our money woes are a thing of the past!  President Obama had a rousing show of support at the recent G-20 economic summit, where the leaders of the 20 most economically influential countries in the world convene to fix our shattered economy, so that’s why it takes a whole day. Give them a week [...]

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How does $8,000 in your pocket sound to you?

There are a lot of volatile cross-currents washing through the financial markets right now.  If we were not sure about things a month ago, we’re hopelessly confused now.  The big stimulus package, a new pile of national debt, a record drop in home prices over the 4th quarter of 2008, CitiGroup, AIG, and the auto [...]

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Fannie Mae Tightens The Noose (Again)

Effective March 1, Fannie Mae (FNMA) the folk the make conventional loans “conventional” are planning to further tighten the condo guidelines on which mortgages they will buy on the secondary market. It could be argued that it makes no difference since they are already impossible in most cases, leaving only FHA backed loans as an option. [...]

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Boortz Says “Buy!”

Long time talk show host and co- author of The Fair Tax Book Neil Boortz said this morning that anyone looking to invest needed to forget about the stock market and look at real estate.  When consulting a want-to-be investor Boortz said.  ”I am contracted into a large real estate deal this year.  If I [...]

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Countdown to Stimulus Stimulation!

In a moment of profound unpreparedness, our brand-spanking new Treasury Secretary Tim Geithner spoke on Tuesday about the ‘details’ of the upcoming stimulus package.  After no ‘details’ whatsoever were declared, the stock market expressed their discontent by trashing the Dow Jones Industrial Aver­age by 300+ points.  Ouch-town, population you, Tim.  Maybe it’s best to have [...]

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News Flash – Keep That Tax Credit

Last August we reported on the $7500 tax credit available to first time home buyers. Now, the $790 billion stimulus package hammered out by House and Senate conferees late last night will increase the home buyer tax credit to $8,000, from $7,500, and drops the repayment feature for buyers who hold on to their property [...]

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Orlando Market Analysis

For those of you waiting for ‘bottom’ in Orlando – ask yourself this question: how will you know when that day comes? Are you waiting for the media to tell you it’s ok to get back in the water? Or are you studying the market yourself each day, watching the numbers like a data-crazed economist; a [...]

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