Luxury Townhomes Coming to Park Ave in Winter Park There are "ultra" luxury townhomes coming to Park Ave, thanks to Gregg Hill, CEO of Oviedo-based real estate investment and development firm Hill Gray Seven LLC. Hill bought the site of two old multi-family communities on Park Avenue in Winter Park and expects to break ground this summer on the new townhouse complex. The new multimillion-dollar...
Exciting 2016 Real Estate Forecast: 'Normal' Market 2015 may have been the best year for housing since 2007, but the market will likely get even rosier in 2016! One of the main drivers behind the brighter 2016 real estate forecast: the projection that employment will continue to grow, which will add to consumers' wallets - allowing them to purchase their first home or upgrade to a new one. Here's 5 real...
Orlando Among Top Home Sales Growth Markets Orlando and Miami are among the nation's top 10 metros that have experienced some of the largest price increases in home sales in the country. Midsize cities experienced some of the largest price increases while larger markets, like New York, saw price reductions. This suggests that secondary markets have benefited greatly from the overall housing recovery, with...
HUD Eases FHA Condo Financing Rules Federal Housing Administration (FHA) Principal Deputy Assistant Secretary Ed Golding announced changes to FHA condo financing policies last night at the National Association of Realtors (NAR) convention in San Diego. Effective immediately, FHA will streamline the condominium re-certification process and expand its definition of acceptable "owner-occupied" units. This...
All Aboard Florida Unveils Brightline During a news conference on Monday, All Aboard Florida unveiled Brightline, the name for its high-speed rail service that will run between Miami and Orlando. Executives from the $2.5 billion project expressed their hopes for Brightline as a better alternative to highways and airports. With the introduction of Brightline, we set out to reinvent what traveling by train...
Creative City Project is This Weekend! You won't want to miss this night of unexpected experiences! This year's annual Creative City Project is this weekend! You can get up close and personal with artists like never before. Creative City Project 2015 "removes the barriers between art and you". Fans of Creative City Project in years past were treated to a new use of our downtown. Orlando's hot concrete...
Florida Real Estate Rebound Strongest in Nation Freddie Mac's latest Multi-Indicator Market Index (MiMi) finds that the Florida real estate rebound leads the nation. In a city-by-city comparison, Orlando leads the nation in both a month-to-month and year-to-year housing market comparison, and only one non-Florida city makes the top five list for either time-frame. Florida Real Estate Rebound...
5 Things You Won't Believe About Orlando The third-largest city in Florida, Orlando was originally nicknamed The City Beautiful, but it has since taken on the less poetic title of Theme Park Capital of the World thanks to the arrivals of Walt Disney World, SeaWorld, and Universal Studios. So it's easy to see why Orlando has a reputation as little more than a sunbaked lot filled with long lines, loud...
The Perks of Buying a Home in the Fall As we close out a summer marked by rising home prices and limited supply, we're conditioned to expect the inevitable end-of-season slowdown. But the change of season doesn't mean activity drops off completely in fact, buying a home in the fall presents opportunities for homebuyers, in part due to a back-to-school mentality". If you're a prospective homebuyer, tap...
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