Business

Orlando area home sales heating up in places like Winter Garden and Oviedo The hot spot driving the greatest share of Orlando area home sales in the core Orlando market sits atop former citrus groves nestled between historic Winter Garden and Disney theme parks, new data shows. Winter Garden, with its century-old downtown buildings and bike trail, had 40 percent more sales last year than any other ZIP...

Tavistock proposes plans for massive Isleworth mixed-use project on the shores of Lake Down Tavistock Group is lining up plans for a new Isleworth mixed-use development it wants to build on vacant land on the shores of Lake Down. The developer of the upscale Isleworth Golf and Country Club is seeking Orange County approval for the yet-to-be-named project on 43 acres zoned for agriculture at the northwest...

Most aspiring buyers can still afford a home but not for long Despite a red-hot real estate market, most aspiring buyers can still afford a home if they can find one. But it may not be that way for much longer. Households bringing in at least $68,000 a year, the national median, could afford about 59.6% of all newly constructed and existing (previously lived in) homes sold in the fourth quarter of 2017,...

O-Town West plans by Chuck Whittall's Unicorp include boardwalk, lagoon, shops, restaurants & homes The developer behind the IDrive 360 development known for the Coca-Cola Orlando Eye as well as projects mixing residences and shops in Winter Park, Dr. Phillips, Lake Nona and Lake Mary is meeting with architects this week on a project he has dubbed O-Town West. With an option on 82 acres at Daryl...

Just closed on a new construction home in Davenport's Del Webb Orlando community! We would like to congratulate our real estate agents Bobby Mills and Paul O'Brien of the Mills-O'Brien Real Estate Team for their closing on a single family new construction home in Davenport's Del Webb Orlando 55+ community. Del Webb Orlando is an active adult community located minutes from Heart of Florida Regional Medical...

If you're ready to buy, the time is now existing homes are selling at a breakneck pace Homes across the nation are selling at a breakneck pace reaching levels not seen since the height of the housing boom more than a decade ago. Sales of existing homes (which have previously been lived in) rose 5.6% from October to November, according to seasonally adjusted numbers from the most recent National Association...

Here's some housing & mortgage trends you can expect in the new year The housing picture is likely to improve in 2018. Why? Home prices are expected to climb, but not as fast. Plus, more houses could be for sale toward the end of the year, giving homebuyers a greater selection to choose from, while homeowners will have more equity to borrow from. Yet in other ways, 2018 might continue to be...

Dr. Phillips unveils massive College Park Packing District development plans College Park, Orlando's oldest suburb, is getting a new neighbor called "The Packing District". The city and Dr. Phillips Inc. plan to transform more than 200 acres west of College Park over the next decade into an eclectic mix of homes and businesses with a new regional park just north of downtown Orlando. Warehouses and other...

New home sales jumped in October at the fastest pace in 10 years New home sales jumped in October at the fastest pace in a decade a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale. The Commerce Department said Monday that new home sales last month rose to a seasonally adjusted annual rate of 685,000. That marks the...