brendo1025

7 Housing Market Predictions for 2023. When the weather cools for winter, the housing market often does too. We asked real estate experts and economists to share their predictions. Prediction 1: Home price cooling will continue until the spring selling season picks up. Prediction 2: Seller concessions are making a comeback — and sellers are now far more willing now to lower their prices Prediction 3: Buyers will have more choices and more time to make decisions Prediction 4: But overall, low inventory issues still remain Prediction 5: The housing market doesn’t appear at serious risk of total meltdown Prediction 6: Home price appreciation could be close to zero — and there is a ‘small chance’ mortgage rates could go lower Prediction 7: Barring an unexpected event, don’t expect much change in the next month. Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #mortgagerates #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl

204 Drayton Ave, Davenport, FL | Providence Florida Gated Golf Community This Providence Florida Gated Golf Community home with 4 bedrooms and 3.5 baths just sold for $590,000. On the market for just 13 days, it shows that the Davenport, FL market is still healthy. Are you trying to sell your home? Are you worried that you'll come out of the deal empty handed? Don't fret - I'm here to make sure you get the absolute TOP of dollar for your property! With the unpredictable housing market, you need an expert who knows how to maximize your investment. Allow me to share my expertise and help you make sure you get the best possible return for your home. Don't miss this incredible opportunity to cash in on your investment - call me TODAY and let's make it happen! Interested in finding a similar home? Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #providence #profidencefl #providencegolfclub #mortgagerates #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl

Just Purchased | Sandy Cove Condominium in Altamonte Springs My client just purchased a condo in Sandy Cove Condominium located on the banks of Lake Orienta in Altamonte Springs, Florida Interested in finding a similar condo? Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #altamontesprings #altamontespringsfl #mortgagerates #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl

Lowest Mortgage Rates in 4 Months Lowest Mortgage Rates in 4 Months After Inflation Data Today brought the scheduled monthly release of the Consumer Price Index (CPI). Of all the monthly economic reports, this one has had the biggest impact on the bond market and mortgage rates for roughly an entire year now. October's CPI (reported November 10th) was the biggest revelation as it was viewed by many as a sign of a shift away from the hyperinflation of 2022. Even if it's merely heading back in the right direction, it's a big win for rates. That winning process has played out over the course of these three CPI reports albeit with some back and forth along the way. The average lender brought rates roughly 0.125% lower today versus yesterday. This makes for conventional 30yr fixed rates in the low 6% range. Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #mortgagerates #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl

Home Prices No Longer Increasing By Double Digits Home Prices No Longer Increasing by Double Digits. For over two years, monthly stats on home-price increases have reported something over 10%, but in Oct., Case-Shiller found 9.2%. Meanwhile the Federal Housing Finance Agency (FHFA), said annual home price growth slowed to 9.8% in October from 11.1% in September, marking that index’s first non-double-digit gain since September 2020. In December, the Fed raised rates again by half a percentage point, capping a year that saw its benchmark rate shoot from near zero in March to between 4.25% and 4.5% now – the swiftest rates have risen since the early 1980s. New single-family housing starts and permit issuance skidded to a two-and-a-half-year low last month as well. ‘As the Fed tightens financial conditions, the housing market will likely slow further in the coming year,’ LPL Financial Chief Economist Jeffrey Roach said. Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #mortgagerates #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #realestate #realestatenews #newhomes

Pending Home Sales Fell More Than Expected1-1 Pending Home Sales Fell More Than Expected in November, But Some See a Bounce on The Horizon Stop me if you've heard this one before: home sales numbers continue to suffer due to a perfect storm of higher rates, lofty prices, and tighter purse strings driven by inflation. In that sense, Pending Home Sales are no different than any of the other recent home sales data. They were very high and are now back in line with the lowest levels since the pandemic-related shutdowns in 2020. Unlike other recent home sales reports, Pending Sales is a bit more forward looking. That's bad because today's release of November's sales numbers showed a 4.0% decline versus a consensus forecast of -0.8%. Long story short, this could suggest a similar dip is in store for the next Existing Home Sales report. But at this point, does an additional dose of weakness change the bigger picture? Not really. Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #mortgagerates #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #realestate #realestatenews #newhomes

Happy New Year from The Homes In Orlando Team. Thank you all for a wonderful 2022. We look forward to continuing to keep you up to date on the real estate market.

Mortgage Rates on the Rise - Get the Latest Updates! Mortgage Rates Highest in Nearly a Month Up until just the past few weeks, the go-to headline to quantify the pace of recent mortgage rate movement tended to reference rates being the lowest in several months. Now at the end of December, the average lender is up to levels not seen since the end of November. Granted, we have a few days to go before officially declaring the highest rates in a month, but being at the highest rates in 28 days still isn't the greatest news. Today's changes added only modestly to yesterday's larger rate increases. As has been and continues to be the case, we won't get a clean reading on the market's sentiment toward rates until the end of the first week of January. Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes

Housing Market: Prepare for 2 More Years Of Pain Bank of America CEO Issues Dire Warning for Housing Market: Prepare for 2 More Years of Pain. That's really not news home buyers want to hear. Home prices are up right now and mortgage rates are soaring. Until things change, home buyers might continue to struggle. And unfortunately, it doesn't look like housing market conditions are about to get more favorable for buyers anytime soon. Moynihan pointed to sky-high mortgage rates as a big reason buyers might continue to struggle -- especially first-time buyers with more limited financial resources. Until housing inventory picks up to a notable degree, home prices are likely to remain high. And as mortgage rates present affordability issues for buyers, some might choose to exit the real estate market for the time being. If those things happen and there are fewer buyers to compete with, it could do the trick of bringing home prices down to more affordable levels so that even if borrowing rates remain high, homeownership is attainable. Start Your Home Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #housingmarket #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes

Existing Home Sales Plummet No One Buying or Selling Existing Homes "No one" is a relative term when it comes to economic data. There are actually about 4 million people per year buying existing homes based on the annualized and seasonally adjusted pace. But relative to most of the past 25 years, this is about as low as it gets. Officially, the National Association of Realtors (NAR) reported existing sales at a pace of 4.09 million, well off the median forecast of 4.20 million. With prices/rates/rents/etc as high as they are, it has discouraged the migration necessary to create the inventory. This is actually a bit of a silver lining as it means we might be seeing better sales numbers if there were more inventory. At the very least, we can see that the current environment is distinctly different from the Great Financial Crisis which saw inventories surge. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022

Low Housing Inventory Holding Back Crash? Housing Market Supply Is Keeping Prices From Crashing Housing inventory in the U.S. decreased between October and November this year, underscoring a housing shortage that some experts believe is helping to keep soaring prices from dramatically plummeting. The National Association of Realtors (NAR) announced Wednesday that total housing inventory at the end of November was 1.14 million units. This was down 6.6 percent from October but up 2.7 percent from a year ago. The potential, or lack thereof, for the U.S. housing market to crash has become a major point of discussion in recent months in light of elevated mortgage rates, soaring housing prices and inflation. This doesn't mean that housing prices won't drop at all. But prices "would fall more if not for a lack of homes for sale," the outlook said. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022

Our 2023 Orlando Housing Market Prediction? We will give it our best guess!!! Join Joseph Dionne of Appli Home Loans and I this morning at ten o'clock as we look at the latest economic factors affecting the housing market. Will 2023 look like for Orlando? We will try to answer all these questions and more… #housingmarket #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket2023 #orlandohousingmarket #blackrock

Builder Warns Of Significant Orlando Real Estate Market Softening Lennar: Orlando experiences 'significant softening' in home demand The metro recorded 1,973 residential construction starts in October, down 36.7% from 3,117 in October 2021. Even as Lennar had to lower prices and offer incentives, construction costs remained elevated. The higher interest rate environmental and extremely difficult capital markets for construction loans will reduce nationwide construction of both single-family homes and rental projects. In one sign of the correction, Lennar reported a 26% home sales cancellation rate in the fiscal fourth quarter. Many homebuyers who were depending on mortgages were stung by the interest rate increases making those loans more expensive. "We've been very fortunate to have limited unsold inventory in those markets so we should be able to get these markets back on track in the first quarter," Beckwitt said.

Renters Burdened By Housing Costs More Than 19 Million Renters Burdened by Housing Costs Over 40% (19 million) of renter households in the country spent more than 30% of their income on housing costs during the 2017-2021 period Households spending more than 30% on housing costs, including rent or mortgage payments, utilities, and other fees, are considered housing cost burdens according to the Department of Housing and Urban Development At the county level, 239 or 7.6% of the nation’s 3,143 counties had a median housing cost ratio for renters above 30%. More than half of households with income and paying rent faced housing cost burdens in these counties. The hardship caused by the rise in housing costs persisted despite increases in median household income. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022

Home Builders Cutting Prices! More Home Builders are Cutting Prices and Offering Incentives – But Not at 2008 Levels As the housing market has slowed rapidly over the past several months, builders have increasingly been reducing prices and offering special sales incentives In November 2022, a relatively high 36% of single-family home builders reported reducing their prices, and 59% were offering special sales incentives. Among builders who did reduce their home prices, the average reduction was 5% in July 2022, and 6% in three subsequent surveys conducted through November. Sales incentives is a standard business model for many home builders, and has been on the rise in recent months. During the latter part of 2022, the share of builders offering incentives increased from 43% in July to 53% in September and 59% in November. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #builders #homebuilders #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022

Mortgage Rates Drop to 3-Month Lows. When MBS improve, lenders are creating loans that are worth more money and can thus offer them at lower rates. Today's rates improved by more than would be suggested by the improvement in MBS, so there's clearly something else going on as well. In today's case, it's quite simply the mortgage market's sigh of relief after having moved through the week's riskiest events (inflation data on Tuesday and the Fed announcement on Wednesday). The market volatility following the Fed is so late in the day that lenders seldom adjust their mortgage rates to match the bond market reality. This time around, it coincided with MBS at their best levels in more than 3 months and mortgage rates were quickly able to make the same claim. The average conventional 30 yr fixed rate is moving into the low 6% range for top tier scenarios. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #mortgagerates #mortgage #interestrates #florida #floridarealestate #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022

Did the FED just pivot? Is this the end of rate hikes? Join Joseph Dionne of Appli Home Loans and I this morning at ten o'clock as we look at the latest economic factors affecting the housing market. Will the numbers stay consistent? We will try to answer all these questions and more… #housingmarket #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket2022 #orlandohousingmarket #blackrock

Florida still top spot for Americans looking to move Despite the cooling US housing market, Florida still top spot for Americans looking to move Nearly 25% of U.S. homebuyers are looking to move out of their current metro areas, with many people turning their attention to cities in Florida as their next place to call home. Redfin found that 24.1% of people looking to purchase a home are seeking to move to a different metro area than where they currently live. Half of the top 10 migration destinations on the list are Florida cities Miami: Number 3 Tampa, Florida: Number 5 Cape Coral, Florida: Number 7 North Port-Sarasota, Florida: Number 8 Orlando, Florida: Number 10 FLORIDA IS GROWING, BUT ESTIMATES CLAIM THIS WILL SLOWDOWN IN THE FUTURE. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #florida #floridarealestate #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022 #economicninja

After nearly a year, home buying sentiment stabilizes!!! Does this mean good things for sellers or buyers? Maybe both?! Join Joseph Dionne of Appli Home Loans and I this morning at ten o'clock as we look at the latest economic factors affecting the housing market. Will the numbers stay consistent? We will try to answer all these questions and more… #housingmarket #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket2022 #orlandohousingmarket

Mortgage Rates Fall Back to Multi-Month Lows Mortgage rates moved moderately lower today after new economic data showed a big drop in the cost of labor in Q3. Labor costs are one of the places the Fed looks for evidence that inflation is becoming entrenched. In today's case, the drop suggests additional moderation in the pace of underlying inflationary pressures. The market's reaction was possibly bigger than it otherwise might have been due to the intense focus on next week's inflation data on Tuesday and the likely announcement of a smaller rate hike from the Fed the following day. In short, rampant inflation has been the biggest contributor to the abrupt rate spike in 2022 and the hope is increasing that a shift is about to be confirmed. Today's mortgage rates aren't significantly lower than yesterday's on average, but it was enough of a movement for the average lender to hit the lowest levels since early September. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #fha #fhaloan #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022 #economicninja

FHA Loan Limits Increase For 2023 FHA Announces New Single Family Title II Forward and Home Equity Conversion Mortgage Loan Limits for 2023 FHA’s 2023 minimum national loan limit floor of $472,030 for a one-unit property is set at 65 percent of the national conforming loan limit. This floor applies to those areas where 115 percent of the median home price is less than the floor limit. The maximum loan limits for FHA forward mortgages will rise in 3,222 counties. The loan limits announced today reflect steep increases in home prices throughout much of the country. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #fha #fhaloan #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022 #economicninja

Mortgage Rates Drop Sharply, Hitting Lowest Levels Since Mid-September Mortgage rates had been in a holding pattern for nearly 3 weeks following the November 10th CPI inflation data. On that single day, the average 30yr fixed rate fell by a record amount (as far as day-over-day record keeping is concerned, and we don't have daily records prior to 2009). That took rates from the low 7s to the mid 6's in a matter of hours and there they've stayed until this morning. The average borrower would be seeing rates that are 0.25% lower versus yesterday morning at the average lender Friday brings the important Employment Situation (the official jobs report from the Department of Labor). All other things being equal, that would make for another good day for rates. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #interestrates #mortgageinterestrates #investors #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022 #economicninja

Bond Market Dives!!! With the bond market diving, mortgage rates are going to improve tremendously! What happened? Join Joseph Dionne of Appli Home Loans and I this morning at ten o'clock as we look at the latest economic factors affecting the housing market. Will the numbers stay consistent or is this just temporary for mortgage rates? We will try to answer all these questions and more, so join us tomorrow. #interestrates #mortgage #mortgagerates #housingmarket #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #homesellers #homesforsale #homesforsaleinorlando #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket2022 #orlandohousingmarket

$726,200 is The New Conforming Loan Limit for 2023 $726,200 is The New Loan Limit for 2023; High Cost Counties Now Over $1m. $726,200 is the base amount. Higher cost areas have access to higher limits based on the average home prices in that area. The highest tier is $1,089,300 (base loan limit x 1.5). In situations where home prices fall, the limit does not fall, but it will not rise again until home prices move back above the levels associated with the previous limit. The limit would remain at $700k year after year (even if prices were rising) until prices got back above $700k. The limit goes into effect for loans acquired by the GSEs in 2023. That typically means lenders can apply the limits immediately since it takes at least a month for a new loan to be 'delivered' to the GSEs. Search Today! CALL DIRECT: 407-710-8720 www.HomesInOrlando.ForSale #conformingloanlimits #fanniemae #gse #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022 #economicninja

Walk Through