Housing in Orlando (Deltona, Kissimmee, Sanford: mortgage, attorney, lender)

[AONE]

Well here are the actual stats taken from the MLS. I searched the greater area which included Sanford, Kissimmee, St Cloud, the North part of davenport but not the town itself, and the Clermont area, I excluded Mt Dora, Deltona or the more outlying areas.

(single family homes)
Sales for SFH 2007 = 22,639
Condos and townhomes sold = 4415
pending = 1916
Current SFH Actives = 33,881
Active condo and townhomes = 8329
Sold so far this year condo, TH, SFH = 373

Sales for 2006 C, TH, SFH = 43525 (35,000 were SFH)

If you are wondering 2007 was at 62% of 2006. That is still a very active market. This is why some areas are solid in pricing. Homes that are falling tend to be in areas hit hard by foreclosure rates. Short sales allow for some great bargains but give an artificial sense of soft home prices.
A short sale is simply the effort of a bank to get a home off their books. Banks do not like owning real estate.

Here is an article I got from a lender about the market in case you want to see a different take.

[SIZE=6]Report: Sunshine State real estate market to recover[/SIZE] [SIZE=3]The Florida housing market has flattened and is expected to begin its recovery, according to a report released Monday by [/SIZE][SIZE=3]Attorneys' Title Insurance Fund Inc.[/SIZE] [SIZE=3]The 2008 Fund Real Estate Forecast shows every county in the Sunshine State experienced a slowdown last year. The markets flattened in spring 2007 before the subprime mortgage crisis in August knocked markets down another 10 percent across the state, the report says. [/SIZE]
[SIZE=3]The forecast shows that Orlando continues to be the state's strongest residential market due to the large number of fast-growing industries, including tourism, health care, education and defense manufacturing. [/SIZE]
[SIZE=3]"Florida has a very large and powerful economy that has gone through a cyclical downshift, but it is still outperforming compared to the rest of the nation," says economist Hank Fishkind, who created the report, in a prepared statement. "The market has some indigestion now, but housing markets will return to normal during the next few years." [/SIZE]
[SIZE=3]Fishkind also says recent reductions in home prices come after an unsustainable peak, and that prices are still up considerably compared to 30 years ago. Although loose lending practices and subprime mortgages have caused problems, the state still has the highest level of homeownership ever, he says in the statement. [/SIZE]
[SIZE=3]The forecast, also posted on [/SIZE][SIZE=3]www.MyRealEstateStory.com[/SIZE][SIZE=3], was commissioned by Orlando-based Attorneys' Title Insurance Fund's Consumer Education Campaign. Fishkind, of Orlando-based Fishkind & Associates Inc., conducted the report using The Fund's online system of deed data for more than 30 Florida counties. The report provides a snapshot of the national economic outlook and 33 county-specific forecasts for 2008 through 2010, as well as a section showing how actual 2007 data compared to projections made in last year's forecast.
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[SIZE=2]Ken Anderson
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