Orlando sets real estate records in May for home prices, inventory increases, report shows
Homes hit the Orlando real estate market in May faster than they ever have before, and what they sold for rose the median home price by almost 3% in the area, according to data compiled by the Orlando Regional REALTOR Association.
House-hacking: How some Central Florida millennials are affording the American Dream
As home prices and mortgage rates climb, some folks wanting to buy their first home are having to get creative. News 6 investigator Merris Badcock spoke to Orlando homeowners who figured out how to buy their first homes making less than $50,000 dollars a year.
Study finds Florida has high home vacancy rates. Here’s why
Even with home prices skyrocketing and low inventory, a recent Lending Tree study found Florida is one of the top states with the highest vacancy rates. While realtors and economists said this may seem shocking, knowing that information can help homebuyers make better decisions.
Business park sale fetches highest price tag ever in Orlando office market
ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. A 10-building office park in southwest Orlando has notched a record sales price for Central Florida’s office market. The sale hasn’t yet hit public records, however, it works out to about $252 per square foot. Cushman & Wakefield PLC’s Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi, with support from Zach Eicholtz, Brooke Tulley and Ryan Jenkins represented the seller in the deal, the release said. Click here to read Anjali Fluker’s story on the Orlando Business Journal’s website.
wftv.comEx-Magic player Victor Oladipo’s Orlando home (complete with massive sneaker closet) just sold
Victor Oladipo's house is a much more permanent fixture in Orlando than the ex-Magic player himself. Though the sale price is currently unknown, it was listed via Mainframe Real Estate for $1.8 million. If you can stop drooling at the storage, the house also features a pool, a movie theater and a putting green in the backyard. The home was listed by Jea Lanza & KeAusha Jordan of Mainframe Real Estate. Photos via Mainframe Real Estate.
photos.orlandoweekly.comBing Crosby’s former estate with 'secret room' hits the market for $13.75 million — take a look inside
The Northern California home that movie star Bing Crosby once lived in hits the market for $13.75 millionThe 3 acre Northern California estate where "White Christmas" crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Living room Dennis Mayer | OMARSHALL Real EstateOne of the walls in the ballroom has a secret door that blends in into the wood paneling. Dennis Mayer | OMARSHALL Real Estate"Visitors are surprised to find such a secret alcove where one can enjoy scotch in private," Oliva said. Dining room Dennis Mayer | OMARSHALL Real EstateSteps away is the home's formal dining room, which opens to a terrace and lawn. Bathroom Dennis Mayer / OMARSHALL Real EstateIt has two full bathrooms, a walk-in closet and windows that overlook the gardens.
cnbc.comCoronavirus pandemic fuels affordability crisis for homebuyers
Fierce competition for a limited supply of homes for sale has caused a surge in prices. Now, potential buyers, some fleeing urban areas hit hard by the coronavirus pandemic, are facing a national affordability crisis. Home prices are rising faster than incomes there, but for now at least, homes are still affordable. As homebuying becomes less affordable, buyers are getting by with a little help from friends and family. About 59% of millennial homebuyers are receiving help with their mortgage down payment according to a recent report from Lending Tree.
cnbc.comHeres how the coronavirus is affecting Central Floridas real estate market
ORLANDO, Fla. Like pretty much every industry, the latest numbers show the real estate market is not immune to the coronavirus. The pandemic kind of caught up to us a little bit, Orlando Regional Realtor Association President Reese Stewart said. The overall median price of all types of Orlando homes sold in April 2020 was $263,750, a 12.2% increase from the April 2019 median price of $235,000 and 4.0% above the March 2020 median price of $253,500. Stewart told News 6 the number of homes up for sale did drop 3% compared to a year ago. Chris Creegan, the owner of Creegan Property Group, shifted his real estate business because of the pandemic, utilizing virtual walk-throughs and a personal touch in the era of COVID-19.