With rates on fixed-rate mortgages climbing, a new focus is forming on adjustable rate mortgages (ARMs). A new survey of 112 lenders by mortgage giant Freddie Mac, found that ARMs accounted for...
2.04.2011
Orlando's home prices to drop by 14%
Fiserv and Moody's Analytics have recently reported that single-family home prices have leveled out in one of every four U.S. metro areas. Orlando MSA home prices are expected to drop 14% until at least October of 2011. Fiserv also reported that while other Florida markets are likely to see a small rise in home price by the third quarter of 2011, Orlando is looking like it will drop an additional 4%.
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.
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.
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