It's not looking too bright for the home prices, but that doesn't mean you can't purchase a home. In fact, from our discussions with local realtors, they are busy! If you're in need of knowing what the true value of your home is right now, contact us at firstname.lastname@example.org.
For those unconvinced that we’re now bumping along the bottom, the following data make interesting reading. Realtors are often accused of “talking up the market” - and on occasion they do - but I think these numbers speak for themselves. Click the following image to enlarge.
Call the Orlando Real Estate Pros for more info or to view current deals on 407-290-3408.
There are three metro areas forecasted to gain the largest home price increases of near 11% by 3rd quarter of 2012; Ocala, Palm Bay-Melbourne and Palm Coast.
Read the Orlando Sentinel article written by Mary Shanklin for more information.
Live Valuation Magazine's December/January issue discusses this prediction as well as some challenges that face appraisers in 2011 and beyond. Contributing writer, Joseph Palumbo, talks about a very real situation when an agreed contract price and the value of the property don't match. There are several factors to consider when this happens such as the constantly changing market, the lender's appraisal process and the appraiser's market analysis. Click on the link above to read this article.