Orlando Real Estate News

Orlando Florida Real Estate

Should I wait to buy a home in the Orlando Florida Real Estate market?

That's a question we've been hearing quite often lately.  So many potential home buyers in Seminole and Orange Counties make decisions without thinking of every variable that impacts their home buying decision. Here, we'll break it down for you.

Fact:  Interest rates have increased by 0.79 percentage points since January 2008

• January, 2008: 5.60%
• August, 2008: 6.39%

Fact:  Average home sales prices have continued to decline.  In Central Florida, sales prices have declined approximately $63,000 over the past 12 months.

• January, 2008: $312,100
• August, 2008: $249,100

Let's take a look at a few different scenarios of continued interest rate hikes and home price declines.

Scenario 1:
Prices decrease by 5% and interest rates increase by 0.5%

Scenario 2:
Prices decrease by 10% and interest rates increase by 1.0%

• Assumptions:
  20% down payment
  30-year fixed rate mortgage
• Data sources:
  Interest Rates: Freddie Mac Weekly Mortgage Survey
  Home Price: NAR 2007 Median Home Price

Now that you're armed with the facts, call us to discuss your home buying needs.  We'll be happy to answer any questions you may have.

Call or email me TODAY to go over your options!!!!!!

"It's only a buyer's market if you're ABLE to buy!"

Looking for specific information regarding Orlando Florida real estate prices and communities?    Get Your Free Market Snapshot.

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If you are wanting to sell your Seminole County or Orlando area home in the next 6 to12 months, now is the time to begin putting your plan into place, while time is still on your side. Please contact us for any real estate assistance you may need.

We're experts at putting people together with homes they love and can afford. Contact us today for information on Orlando and Seminole County real estate, Orlando & Seminole County homes for sale, Orlando & Seminole County relocation information, a free market analysis of your Orlando area or Seminole County home or statistics on homes in Orlando & Seminole County Florida or the surrounding Central Florida area, including Seminole County, Orange County, Lake County and Volusia County. We're always available to answer your questions.