Pending home sales rise 3.1% in Feb. despite weather

Pending home sales rise 3.1% in Feb. despite weather

Average rate on 30-year mortgage drops to 3.75%

Average rate on 30-year mortgage drops to 3.75%

Fla. leads nation in empty foreclosure homes

Fla. leads nation in empty foreclosure homes

What the Lender had to say!

FHA Lowers Mortgage Insurance Premiums! The Federal Housing Administration (FHA) cut 0.50% from the annual premium for FHA backed loans with terms greater than 15 years. For most FHA loans this will reduce the annual premium from 1.35% of the loan balance to 0.85% for loans made on or after January 26, 2015. For a typical borrower, this could mean a savings of about $80 on their monthly payment.* Please email us today and see if you can benefit from this exciting change! *This is according to CoreLogic's chief economist, Sam Khater. visit my website email me now Colleen Mitchell Mortgage Loan Originator NMLS #490278 500 Winderley Place, Suite 112 Maitland, FL 32751 Cell: (407) 620-3563 Fax: (866) 271-4795 *This summary is based on a $125,000 loan amount, loan term of 360 months, interest rate of 4.25%, annual percentage rate of 4.453%, and monthly payment of $615. This was sent to you because of your relationship with Colleen Mitchell. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in this message is the property of HomeBridge Financial Services, Inc. and cannot be reproduced for any use without prior written consent. HomeBridge Financial Services, Inc.; Corporate NMLS ID #6521 (www.nmlsconsumeraccess.org (http://www.nmlsconsumeraccess.org/)); 194 Wood Avenue South, 9th Floor, Iselin, NJ 08830; (866) 933-6342; AL; AK; AZ Mortgage Banker License 922458; AR; Licensed by the Department of Corrections under the California Residential Mortgage Lending Act; Regulated by the CO Division of Real Estate; CT; DE; DC; FL; GA Mortgage Lender License 22495; HI; ID; Illinois Residential Mortgage Licensee; IN; IA; Kansas Licensed Mortgage Company MC.0025113; KY; LA; ME; MD; Licensed by the Mississippi Department of Banking and Consumer Finance; MN; MO, 1116 Remington Plaza, Suite D, Raymore, MO 64078 ; MT; NE; Licensed by the New Hampshire Banking Department; NJ; NM; NY Licensed Mortgage Banker (B500691) – NYSDFS; NC; ND; NV; OH Mortgage Broker Act Mortgage Banker Exemption MBMB.850046.000; OK; OR; Licensed by the Pennsylvania Department of Banking and Securities; RI Lenders License 20112804LL; SC; TN; TX, 14160 Dallas Parkway, Suite 850, Dallas, TX 75254; VT; Licensed by the VA State Corporation Commission # MC3046; WA Consumer Loan Company License CL-6521; WV; WI; WY. NMLS #490278 This email was sent to karlenegrimes@gmail.com. You may unsubscribe from future advertisement e-mails from Colleen Mitchell. Click here to unsubscribe MCID903528049

Orlando Housing Market Report

Looking for something to do in February?

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You will be at the 3rd Annual Harmony Glow Run at the Harmony Dark Sky Festival.

Saturday, February 28th, 6:30pm

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Forecast: 2015 Fla. economy, housing market strong

Forecast: 2015 Fla. economy, housing market strong

Housing Trends eNewsletter- Karlene Grimes

Still trying to figure out the market? Click the link below

CLICK HERE TO SEE DECEMBER NEWSLETTER

November 2014 Market Report

The Orlando real estate market is definitely looking stronger this year during the holidays compared to last year. Looking at Nov 2014 compared to Nov 2013, the market is up 16.74% according to My Florida Regional MLS Stats. The average home shows and increase of 7% compared to this time last year. The average sold price is $217,584 compared to $203,347. The homes that are in the greatest desired category seemingly are single family 3 bedroom homes between $150,000 and $199,999.

In the Osceola real Estate market the sold dollar volume has increased 16.53% since last year same time according to the My Florida Regional MLS stats. The average sold price is up 6% from last year which means that the average sold price is not $186,372 compared to last year at $175,822. The homes that are more desired are single family 3 bedroom homes between $150,000 and $199,999 which is the same as homes in Orlando County.

The average days on market is between 31-60 days in both Osceola and Orange County. So if you are looking to list your home, now is a pretty good time... Buyers need the inventory and Sellers and ready to move on to their next chapter with probable profit.

Visit www.grimesfloridarealestate.com

How is the market?

I get asked this question a lot. Today I decided to just post how the market is doing because if you are thinking about buying or selling, I have some great information in this article. Being the straight shooter I am, beating around the bush is not my forte. I like giving facts and the truth about real estate. Being a realtor, I have the privilege of interpreting the market.

In mid November we saw an increase in single family home sales. The median price of single family homes increased 0.8% within the 2nd week of November compared to the 1st. The number of single family foreclosures did show a slight increase while the number of short sales decreased relatively little. The average days on market listings to closing has decreased to approximately 115 days in Lake , Orange, Osceola and Seminole counties from the high of 130 days in October and July of 2014. Let's note that  in this current market, bank owned properties take make up 21.89%, Short Sales make u about 5.72% and other sales make up 72.39% according to the Orlando Regional Association from 11/16/2014- 11/22/2014.

With all that being said, are you curious about keeping track of your home value? Be ahead of the game with facts about the market.

This is an ever changing market and now is the time to have a knowledgeable professional to make your property stand out above the rest. Looking for a great experience when making one of the biggest life changes? Please call me at 646-732-2730. We can determine whether selling your house is the right decision for you.