Business

Icon Residential will start construction soon on new SoDo luxury townhomes Construction is expected to start soon on new SoDo luxury townhomes in Orlando's Downtown South district. Building permits totaling nearly $1 million were issued last week for four new townhomes on West Grant Street south of downtown, city of Orlando records showed. Orlando-based A&M Homes LLC is the contractor. The new SoDo...

NAR's 2017 residential real estate forecast predicts uptick in existing home sales The National Association of Realtors (NAR) 2017 residential real estate forecast predicts a slight increase in existing-home sales next year as more millennials enter their prime home buying years, and rising household formation and continued job gains boost overall demand. Lawrence Yun, chief economist of NAR, presented...

A new luxury townhome development is coming to Downtown Orlando's North Quarter district Construction will start early next year on the project dubbed lan on Marks, which will feature 10 four-story, urban brownstone-style residences with rooftop terraces on Marks Street in Downtown Orlando's North Quarter district, said a news release. The project is designed by Winter Park-based luxury-home architect Phil...

NAR reports that first time buyers propelled existing-home sales higher in September Existing-home sales rebounded strongly in September, propelled by first-time buyer sales that reached a 34 percent share a high not seen in over four years, according to the National Association of Realtors (NAR). All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent...

Just closed on a 3 bedroom new construction home in Winter Garden's Latham Park! 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 3 bedroom, 2.5 bathroom new construction home in Winter Garden's Latham Park community. This new construction home in Winter Garden was built by Ashton Woods. The Latham Park...

New-home sales climbed to the highest level since 2007, due to the current real estate surge Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, as low mortgage rates and a steady job market are fueling a real estate surge. New-home sales jumped 12.4 percent last month to a seasonally adjusted rate of 654,000 annual units. This is the strongest level since...

Florida housing's median prices and new listings up during second quarter of 2016 Florida's housing market reported more new listings, higher median prices, and fewer days to a sales contract during the second quarter of 2016, according to the latest housing data released by Florida Realtors . Closed sales of single-family homes statewide totaled 76,748 in 2Q 2016, up 1.4 percent over the 2Q 2015...

Development is booming in Doctor Phillips, with 17 projects currently in the works With the amount of undeveloped property still at stake in Dr. Phillips, residents of Southwest Orange County can expect to see new homes, schools, and more in the coming years. Development is booming in Doctor Phillips, and the Orange County Planning Division highlighted the 17 projects currently under way during the recent...

Florida's economy will outpace U.S. for the next four years Spurred by rising job growth and home construction, Florida's economy is expected to continue to grow at a faster pace than the national forecast for the next four years, according to the latest forecast from UCF economist Sean Snaith, director for the Institute for Economic Competitiveness at the UCF College of Business Administration. "The...