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Nov 25, 2024 | 
activerain.com | Scott Garrison
Market Pulse Inventory for November was recorded at 11,357, marking a 1.8% decrease from October’s 11,560. This ends a nine-month streak of increasing inventory. However, inventory in November 2024 is still 45.4% higher than it was in November 2023. November’s interest rate rose to 6.4%, up from 5.9% in October. The median home price for November increased to $388,990, compared to $380,000 in October.
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Nov 11, 2024 | 
activerain.com | Scott Garrison
The Science is IN… and it shows our own CENTRAL FLORIDA and ORLANDO-AREA to be one of the most sought-after places to Live in the entire Country! The United States is arguably the best place to live in the World… so our ORLANDO-AREA can be seen as one of the most-desired places to Move to on the ENTIRE PLANET! Our Own ORLANDO here in Central Florida ranked No. 17 in the U.S. News and World Report’s list of fastest-growing cities.
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Nov 4, 2024 | 
activerain.com | Scott Garrison
Five of the ten most-wanted places to live in the whole country are in Florida...With Orlando and Tampa, two cities in central Florida, coming in at #4 and #5, how great is that? Top 10 Metro Areas to Move to in the Whole Country: How popular a place is is based on its net inflow, or how many more people tried to move into it than leave it. Miami: Net inflow of $8,600; New York place is the top origin place. Phoenix: Net inflow of $7,600; Seattle is the top starting city.
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Oct 21, 2024 | 
activerain.com | Scott Garrison
Market Pulse Inventory for October reached 11,560 homes, a slight 0.4% increase from September’s 11,511. This marks the ninth consecutive month of rising inventory. The last time inventory was this high was back in October 2015. Compared to October 2023, inventory has surged by 71.1%. Interest rates dropped to 5.9% in October, down from 6.1% in September. This is the lowest rate we’ve seen since August 2022, offering a bit of relief for buyers.
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Oct 14, 2024 | 
activerain.com | Scott Garrison
Over one-third of all house purchases made in the United States during the previous month were made with cash and no mortgage, according to Redfin, which is close to the record high. Purchases made entirely with cash in Florida witnessed significant growth over the previous year.
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Sep 30, 2024 | 
activerain.com | Scott Garrison
In a new study, almost 70% of renters said they would be happy if they owned their own home, but 60% said it was out of their price range. On the other hand, 90% of homeowners say they are happy now that they have a home. When asked to name the biggest benefit of owning a home, owners most often said privacy (14%), while renters most often said security (16%).
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Sep 23, 2024 | 
activerain.com | Scott Garrison
Market Pulse In September, the interest rate dropped to 6.1%, down from 6.6% in August, marking the lowest rates we've seen since September 2022. Homes in September stayed on the market for an average of 57 days, slightly longer than the 55 days in August. A year ago, in September 2023, homes were moving faster, spending an average of just 41 days on the market. Inventory continues to rise, reaching 11,511 homes in September, up 3.2% from 11,158 in August.
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Sep 9, 2024 | 
activerain.com | Scott Garrison
Central Florida real estate prices are skyrocketing—after all, the Orlando region is among the most sought-after relocation destinations in the United States, if not the world. This makes it harder and harder to BUY A HOME IN ORLANDO. Nevertheless, the reality is that prices in Central Florida will never, ever truly decrease. Owning a home or rental property in Florida is currently the most affordable option ever, with loan rates as low as 8% in the Orlando area.
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Sep 3, 2024 | 
activerain.com | Scott Garrison
Are you still "waiting" to buy a house until prices drop? They never really have, and they never will! The average Florida home's value doubled in six years. Tampa and Miami tied for third place among big U.S. towns in terms of how quickly prices doubled. Ten years ago, the average price of a home in the United States was twice what it is now. A new report from Point2 says that the average home price in the U.S. went from about $200,000 to $400,000.
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Aug 19, 2024 | 
activerain.com | Scott Garrison
Market Pulse In August, the interest rate dipped slightly to 6.6%, down from 6.7% in July. According to a new survey by the Orlando Regional REALTOR® Association (ORRA), 52% of Orlando REALTORS said that high interest rates are the biggest challenge for buyers right now, making some buyers hold off on purchasing or look for cheaper homes. The median home price in August was $390,000, a slight decrease from July's record high of $395,000.
