At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities int today's housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%....
With the rapid shift that's happened in the housing market this year, some people are raising concerns that we're destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what's happening today and the bubble in the early 2000s. One of the reasons this isn't like the last time is the number of foreclosures in the market is much lower now. Here's a look at why...
Stop me if you've heard this one before: Home prices hit a new record high in metro Orlando. Despite a decline in home sales and a jump in inventory, tapering sales and more homes on the market give buyers a little more negotiating power, though the metro is still far from building up enough inventory local home prices climbed again last month, according to data released by the Orlando Regional Realtor...
A 20-story skyscraper soon may rise from a 1.6-acre property just north of downtown Orlando. New York-based Acram Group wants to build the mixed-use project at 924 N. Magnolia Ave., on the two-building parcel it bought for $6.7 million in 2021, according to documents filed with the city of Orlando. Based on construction industry standards, the project would cost at least $54 million. Currently, the land is...