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Florida Leads Nation In Cash-Only Home Sales

Can Financing Buyers Compete?
Posted by David Lopez, CBR on August 30, 2013 in  2013  Central Florida  Home Sales  Market Trends  Mortgages  Orlando Sentinel
By Mary Shanklin, Orlando Sentinel   August 29, 2013   Florida led the nation last month with what one expert called an "astounding" rate of all-cash home sales: 66 percent, a new report shows.   Investor groups, international buyers, landlords and those in the market for vacation homes are fueling a cash-only market that has virtually shut out entry-level homebuyers, who can't get approved for mortgages.   Lake Mary real-estate agent Tom O'Brien said he recently represented... read more
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Orlando Condo Prices Double In 3 Years

Sales Show Trend Will Continue
Posted by David Lopez, CBR on August 23, 2013 in  2013  Condominiums  Home Prices  Market Trends  Orlando  Orlando Sentinel
  August 22, 2013     By Mary Shanklin, Orlando Sentinel   Orlando-area condo prices have more than doubled in less than three years, a new report shows.   The median price for a condominium or townhouse in the four-county area during July was $104,000, according to a report released by Florida Realtors Wednesday. During 2010, the units traded for a median price of $50,400 -- making Orlando one of the cheapest condo markets in the state at the time. "When the market wen... read more
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Foreign Buyers Drive Florida's Housing Recovery

As Reported By BloombergBusinessWeek
Posted by David Lopez, CBR on August 23, 2013 in  2013  BusinessWeek  Foreign Investment  Home Sales  Market Trends
By Toluse Olorunnipa     August 22, 2013   Nicole Kenaston’s dreams of owning a home in Miami keep getting dashed. The 32-year-old federal government worker says she’s bid on at least five houses in the past three years and each time lost out to an overseas buyer paying cash. “I’ll find a place I like and can get financing for, and the all-cash buyers will come in and pay above market for it,” says Kenaston. “It’s heartbreaking.”   Foreign investment in Florida real estate—a... read more
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July Market Data Report From Orlando Regional Realtor Association

Rising Prices, Interest Rates Drive Orlando Sales Up 15 Percent
Posted by David Lopez, CBR on August 23, 2013 in  2013  Home Prices  Home Sales  Market Statistics  Market Trends  ORRA  Real Estate

 

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Published August 21, 2013   Associated Press   WASHINGTON –  U.S. sales of previously occupied U.S. homes surged in July to a seasonally adjusted annual rate of 5.39 million, approaching a healthy level for the first time since November 2009. The spike in home sales shows housing continues to drive the economy.   The National Association of Realtors says sales jumped 6.5 percent from a 5.06 million pace in June. Sales are 17.2 percent higher than 12 months ago.   H... read more
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