Orlando Real Estate News

Relocating to Orlando, or buying a home in Central Florida?  Consider Tuscawilla!

Tuscawilla is a master planned community with more than 4,500 homes, located on the banks of Lake Jesup, in Seminole County, Florida, minutes from Downtown Orlando. Even though Tuscawilla is a small community, it lies next to a large urban area, between Oviedo and Winter Springs, Florida, just 8 miles northeast of Orlando.

Tuscawilla boasts beautiful wildlife areas, and has much to offer, including great fishing, boating, and waterskiing. There are plenty of soccer fields, basketball courts, parks with playgrounds, excellent schools, many luxury homes, and a full service country club with an amazing 18-hole golf course. 

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Back in January the rules affecting Distressed home sales changed:

WASHINGTON - Jan. 12, 2010 - The federal government is setting guidelines for short sales of homes, giving lenders a 10-day limit to respond to offers, freeing borrowers from debt and providing financial incentives to lenders.

The new rules seek to address the many criticisms of short sales and figure to play a significant role in South Florida, where distressed properties dominate the market as the housing slump meanders into a fifth year.

"The cloud could be lifted," said Domenic Faro of the Fort Lauderdale Real Estate firm. "This could bring us back to some normalcy." ...

In many cases, the banks are not to blame, said Ward Kellogg, chief executive of Boca Raton-based Paradise Bank. Still, he thinks the guidelines are necessary to force lenders to clear the market of so many distressed properties.

"I think the pressure on (the banks) is a good thing," Kellogg said.

For information on great real estate buys in Orlando and nearby suburbs,
contact the Orlando Property Group, your short sale and luxury home specialists.

Or Search Now for Real Estate & Homes in the Orlando Florida Area

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

Read Also: Unemployment Rises and So Do Foreclosures

Read Also: New Appraisals Do They Work Better?  

Read Also: Foreclosures Climb Even With Loan Modifications

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If you want 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.

TALLAHASSEE -- Florida Power & Light and its suppliers on Thursday denounced state regulators' decision to reject nearly all of the company's $1.3 billion rate increase, calling the ruling politically motivated and short-sighted, though business and consumer groups hailed it as sound.

FPL focused on the impact the decision will have on potential jobs, announcing late Wednesday that the company will suspend about $10 billion in planned capital projects in Florida over the next five years.

Among the suspended long-term projects: the construction of two new reactors at the Turkey Point nuclear plant, a natural-gas pipeline, modernization of the Riviera Beach and Cape Canaveral plants and upgrades to its transmission and distribution systems.

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Winter Springs FL Market Update - February 2009

In 2007, Money Magazine ranked Winter Springs, Florida, as 31st on its Top 100 Best Places to Live. That honor came as no surprise to the residents and visitors of this popular town in Seminole County. Winter Springs is located just 14 miles northeast of Orlando and only minutes from all types of water recreation, boating and fishing on Lake Jessup.

Real Estate Update for Winter Springs

This monthly update provides residential real estate listings and sales statistics for Winter Springs, Florida. While this is an accurate overall snapshot of what's happening in the local housing market, sales trends vary from neighborhood to neighborhood and from budget-priced condo to comfortable single-family home to elegant luxury estate.

Active Listings (Real Estate for Sale):
Property being marketed for sale by a Realtor®, as contracted with the seller.

February 2009:
 • Total active listings: 359
 • Highest listing price: $2,990,000
 • Lowest listing price: $33,900
 • Average listing price: $268,080
 • Average days on the market: 162

January 2009:
 • Total active listings: 356
 • Highest listing price: $2,990,000
 • Lowest listing price: $33,900
 • Average listing price: $277,298
 • Average days on the market: 163

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http://www.orlandofloridarealestatehomes.com/0093D0

Orlando Florida Real Estate Resource

Winter Springs Florida Real Estate Market Facts - Everything You Need To Know!

Photo By Paul Moody

Here Are Some Local Factors That Affect Home Values In Winter Springs Florida

Search All Winter Springs Florida Homes For Sale

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

Read Also:  Orlando Florida Facts & Resources

City Overview

As of 2007, Winter Springs's population was 32,598 people. Since 2000, it has had a population growth of 2.94 percent.

The median home cost in Winter Springs is $325,000. Home appreciation the last year has been 0.00 percent.

Compared to the rest of the country, Winter Springs's cost of living is 0.31% Higher than the U.S. average.

Winter Springs public schools spend $4,962 per student. The average school expenditure in the U.S. is $6,058. There are about 18 students per teacher in Winter Springs.

The unemployment rate in Winter Springs is 2.60 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Winter Springs jobs have Increased by 2.78 percent.

People

The 2007 Winter Springs, FL, population is 32,598. There are 2,276 people per square mile (population density).

Family in Winter Springs, FL

The median age is 39.3. The US median is 37.6. 62.39% of people in Winter Springs, FL, are married. 9.56% are divorced.

The average household size is 2.72 people. 29.22% of people are married, with children. 8.53% have children, but are single.

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