02-27-2010, 10:28 AM
Location: Florida
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Home sales up year-over-year in South | Business news | Chron.com - Houston Chronicle (http://www.chron.com/disp/story.mpl/ap/business/6887577.html - broken link)
02-27-2010, 10:33 AM
5,982 posts, read
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Quote:
Originally Posted by
GLS2010
Home sales up year-over-year in South | Business news | Chron.com - Houston Chronicle (http://www.chron.com/disp/story.mpl/ap/business/6887577.html - broken link)
In Florida however prices continue to tank and foreclosures keep rising.
Florida Home Sales Up, Prices Down, Realtors Say « HousingWire
02-27-2010, 11:45 AM
Location: FL (again :)) soon...
4,030 posts, read
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We are trying to sell our house so that we can move. 92% of homes in Orlando for sale are forclosures. when you can buy my house - which was $300k in early 2007 - and now, can buy for half that - sales will increase.
02-27-2010, 01:33 PM
129 posts, read
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Please pass me my nitro pills,quick!!!
02-27-2010, 03:43 PM
Location: Florida
4,164 posts, read
5,083,035 times
Reputation: 1373
02-28-2010, 04:21 AM
Location: Oviedo, Fl formerly from the Philly Burbs!
1,012 posts, read
1,394,647 times
Reputation: 327
Quote:
Originally Posted by
ComSense
We are trying to sell our house so that we can move. 92% of homes in Orlando for sale are forclosures. when you can buy my house - which was $300k in early 2007 - and now, can buy for half that - sales will increase.
I think you are exagerating a wee bit...92%?? Where do you get these facts?
I find this article which states 1 in every 137 homes in Orange County or less than 1%, dated February 2010,
Business - Orlando bags 10th position in foreclosures - NY Breaking News
and I find this which states 1 in every 214 homes in Florida which is even less dated Feb 2009 when things were probably a little worse (or the same) and that is less than half a percent...
Good news: Foreclosures down 10%; state-by-state chart - USATODAY.com
Where are you finding the 92% figure? No doubt, Florida is way up there in the rankings, however, we found plenty of homes not in foreclosure when we looked and made our purchase less than a year ago.
And, I agree with you that home sales will begin to increase...have already..our home has remained fairly stable at the price we bought it at...bouncing along the bottom , so to speak...
02-28-2010, 11:58 AM
Location: Orange County, Florida
381 posts, read
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Quote:
Originally Posted by
Parrotrosie
92% is almost certainly an exaggeration, but it is much, much more than 1%. That article states that 1 in 137 homes are in foreclosure, not that 1 in 137 homes that are for sale are in foreclosure. If I had to guess from looking at foreclosure for sale lists and regular for sale lists I would say it is around 10%, but that is a total guess since I certainly haven't counted and since many foreclosures aren't listed. I don't know if anyone has calculated the actual percentage of for-sale homes that are foreclosures; there are a lot of real estate agents here, maybe one of them has seen the figure.
-Harry
02-28-2010, 12:32 PM
Location: Oviedo, Fl formerly from the Philly Burbs!
1,012 posts, read
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Reputation: 327
Quote:
Originally Posted by
hgebel
92% is almost certainly an exaggeration, but it is much, much more than 1%. That article states that 1 in 137 homes are in foreclosure, not that 1 in 137 homes that are for sale are in foreclosure. If I had to guess from looking at foreclosure for sale lists and regular for sale lists I would say it is around 10%, but that is a total guess since I certainly haven't counted and since many foreclosures aren't listed. I don't know if anyone has calculated the actual percentage of for-sale homes that are foreclosures; there are a lot of real estate agents here, maybe one of them has seen the figure.
Ah yes...good point!
02-28-2010, 12:56 PM
88 posts, read
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I just attended the REDC foreclosure auction on Saturday, and here is a glimpse of the action there:$1,150,000)
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