11/24/2009 1:18:00 PM
11.24.2009 | Declining Dollar Brings Foreign Investors (Source: Realtor.org)
Falling prices for real estate and the declining value of the dollar are luring investors from all over the world to purchase properties for as little as half what they might have paid four years ago. "This could be a once-in-a-generation opportunity ...
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11/19/2009 8:37:00 AM
11.13.2009 | Homebuyer tax credit extension to help market recover (Source: Orlando Business Journal)
Local residential Realtors are cheering after the federal government extended and expanded the $8,000 first-time homebuyer tax credit on Nov. 6 through mid-2010. Other changes, which will make even more people eligible, include: • A $6,500 tax credit ...
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11/13/2009 1:03:00 PM
11.10.2009 | Tax credit boosts home sales in Orlando area (Source: Orlando Sentinel)
Existing-home sales for the Orlando area increased 80 percent last month compared with a year ago, and the median price of the houses sold posted its biggest month-to-month increase in 16 months, according to the October report released Tuesday by the Orlando ...
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11/9/2009 3:30:00 PM
11.09.2009 | Realtors ready to sell more homes in wake of tax credit extension (Source: Orlando Business Journal)
Florida Realtors , the statewide group formerly known as the Florida Association of Realtors, said it applauds an extension and expansion of the federal $8,000 first-time homebuyer tax credit. The bill that would continue the credit was signed into law by ...
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11/9/2009 3:19:00 PM
11.03.2009 | Metrostudy: New home market rebounds in 3Q (Source: Orlando Business Journal)
New home construction jumped about 20 percent in the Orlando area, according to a third-quarter report by Metrostudy . The Orlando metropolitan statistical area — Lake, Orange, Osceola and Seminole counties — reported 1,108 housing starts in the ...
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11/6/2009 9:39:00 AM
11.05.2009 | Senate Clears Homebuyer Tax Credit Extension; May Pass as Early as This Week (Source: Real Estate Economy Watch)
RISMEDIA, November 5, 2009—After two weeks of delay, the Senate cleared the way to pass a seven month extension and expansion of the tax credit for homebuyers. By an 85 to 2 roll call vote, the Senate voted to cut off debate on a package of measures ...
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11/3/2009 3:44:00 PM
11.03.2009 | New Home Starts Spike (Source: Orlando Sentinel)
New-home construction for the Orlando region grew by 20 percent in the third quarter compared to the prior nine months, according to a study released Tuesday by Metrostudy real estate research firm. The pace of construction was still below last year's ...
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10/29/2009 3:17:00 PM
10.23.2009 | Florida Realtors: Condo sales skyrocket, values still skidding (Source: Orlando Business Journal)
Orlando-area September existing condominium sales were nearly four times higher than the same month a year ago, but values continue to decline. A total of 587 condo units changed hands last month in metro Orlando, up from the 146 unit sales in September 2008. ...
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10/29/2009 11:44:00 AM
10.29.2009 | Senate Democrats indicate that First time Homebuyers Tax Credit will be renewed until at least April of 2010! (Source: Bloomberg News)
Good news! It appears that Senate Democrats have recognized the tremendous value of the First Time Homebuyers Tax Credit and that it will be renewed soon. At this time, it is believed that the credit will allow anyone purchasing (even if the property is not ...
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10/27/2009 11:19:00 AM
10.26.2009 | FAR: Condo Sales Up 77% Over Year (Source: Globe St.)
Orlando ORLANDO-At least 5,000 residential condominium units were sold statewide in September, 77% more than the same month last year and up 9% from August, according to the Florida Association of Realtors. For the same time frame, the median price is one-third ...
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