Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Orlando
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-13-2013, 03:27 PM
 
26,585 posts, read 62,067,847 times
Reputation: 13166

Advertisements

Florida is on Fire | John Burns Real Estate Consulting

Quote:
Home Prices are rising rapidly.
In markets like Orlando and Naples, new home prices are increasing approximately 1%-2% per month in many communities. Lotteries are back. We are projecting double-digit home price appreciation in many Florida markets for 2013.
Reply With Quote Quick reply to this message

 
Old 03-13-2013, 05:24 PM
912
 
1,531 posts, read 3,102,279 times
Reputation: 1123
It's picked up, but I don't buy this assertion for a second.
Reply With Quote Quick reply to this message
 
Old 03-13-2013, 07:25 PM
 
24,409 posts, read 26,980,377 times
Reputation: 20003
I don't buy it either. I've been aggressively looking for homes in San Francisco, so I know what a hot market is when I see one. We are talking about bidding wars on every house or condo I've liked. Some as much as $70k over asking and CASH, yet someone offered a better deal. Any decent property that comes on the market will be gone in a week. It's really ridiculous, so I've been looking to buy a property in Orlando or South Florida. It's completely different, which is a great thing. I do agree though that property in many parts of Florida are increasing, but I wouldn't call it on fire quite yet or double digit growth by the end of the year.
Reply With Quote Quick reply to this message
 
Old 03-14-2013, 07:23 PM
 
Location: Orlando, FL
217 posts, read 326,188 times
Reputation: 201
Home prices are going back up because the banks have done a spectacular job of not over-saturating the market with foreclosures. Eventually the floodgates will open and prices will level off and possibly dip again. The market is on the rise though for sure.
Reply With Quote Quick reply to this message
 
Old 03-15-2013, 07:32 AM
 
388 posts, read 791,236 times
Reputation: 167
We were one of 5 offers on a house that was on the market for a week in Dr. Phillips. Our offer was chosen and we close in 30 days. I know people that have been looking for months and have made offers on a couple of different homes. It's driving prices up, but homes are not appraising.
Reply With Quote Quick reply to this message
 
Old 03-15-2013, 07:34 AM
 
16,431 posts, read 22,207,320 times
Reputation: 9623
Uh huh...sure
Reply With Quote Quick reply to this message
 
Old 03-15-2013, 07:45 AM
 
12,017 posts, read 14,337,386 times
Reputation: 5981
Quote:
Originally Posted by Mr Idealism View Post
We were one of 5 offers on a house that was on the market for a week in Dr. Phillips. Our offer was chosen and we close in 30 days. I know people that have been looking for months and have made offers on a couple of different homes. It's driving prices up, but homes are not appraising.
DP has definitely heated up in the last 1-2 years, especially in the $300-500K market. The appraisals not coming in has been a problem ever since the housing bust. In some neighborhoods, the comps just aren't there to give an accurate reading IMO
Reply With Quote Quick reply to this message
 
Old 03-15-2013, 08:24 AM
 
496 posts, read 520,977 times
Reputation: 570
It's because they've been holding back homes. Realtors pull gimmicks every spring. Don't fall for it.
Reply With Quote Quick reply to this message
 
Old 03-15-2013, 09:00 AM
 
112 posts, read 328,177 times
Reputation: 77
im not so sure....

condos are hurting because banks really dont want to deal with condos in florida. last i heard the requirements were 25% down and the condo has to be owner occupied. add to that increasing assesment and association fees due to foreclosures and nonpayment and things arent looking great for condos.

i think the single family home market will have some issues as well considering the fha rule change effective in april that leaves fha loan buyers having to pay permanent pmi. most first time homebuyers nowadays simply do not have 20% down + closing costs for a conventional loan and will balk at paying permanent pmi.
Reply With Quote Quick reply to this message
 
Old 03-15-2013, 04:32 PM
 
Location: Asheville, NC
12,626 posts, read 32,079,436 times
Reputation: 5420
What are they doing to rectify the problem of appraisals not coming in?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Orlando
Similar Threads

All times are GMT -6. The time now is 09:13 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top