Mortgage rates post largest weekly increase in 25-years!

It's beginning to happen- Interest rates are up 1% over this time last year.  And that equates to $100's on your mortgage payment, but will also affect how much of a house you can afford.  Federal Reserve is now tapering off their stimulus program and we will beginning to continue to see increases until interest rates are what they used to be (between 7-8%). Don't miss the boat!  If you are thinking of buying, do it sooner than later.  The average interest rate today hovers around 4.5%.  Read the rest of the article for more disturbing information regarding where interest rates are going and how fast:
Mortgage rates post largest weekly increase in 25-years!

The Banks Can Still Come After You Years After Foreclosure!

This is a pretty long article and worth the read, BUT if you don't have the time, it basically states that if you just walk away from your property, chances are the bank will come after you.  And depending on where you live they could pursue you for up to 36 years.  BUT if you do a strategic foreclosure OR a short sale and you have debt forgiveness clauses in your closing documents, then you will be fine.  Hire an attorney and real estate professional- trust me it could be worth hundreds of thousands of dollars to you and many nights sleep.  Call or inbox me if you need any guidance.

Washington Post Article on Foreclosure Debt

May 2013 Real Estate Statistics for Central Florida

The numbers were just released today and they are staggering!  Our home prices in Central Florida (including single family homes, townhomes and condos) are up 23% from last year, with a NEW median price of $148,000.  Unbelievable.  The numbers just keep climbing.  I also found it interesting that the average days on the market stat is down to 68 days.  That is the lowest it's been since 2006 in the height of our real estate boom.  That speaks volumes!  With all of this said, it's a GREAT time to buy resale home, but an even better time to purchase NEW construction.  You can get top dollar for your home AND get great deals on new construction.  Don't forget to check out my page on facebook and sign up for my NEW CONSTRUCTION REBATE program.   New Construction Rebate Program for Florida

And if you are too busy to read this, then just watch the video of the Market Recap May 2013:Video- Market Pulse May 2013

Market Conditions for Orlando Florida homes- April 2013

Curious about the market here in Orlando?  Below is a snapshot of the current market conditions for Orlando pertaining to single family home, townhomes and condos.  Basically the inventory is steady, comparatively - from the last few months. Which means- the market is still on FIRE!  If you are not in the mood to deal with the fierce competition, then new construction is always a GREAT way around that.  Check out my other blog:  Florida New Construction Rebate Program   In addition, I rebate 1% back to you on ANY new construction in the state of Florida.  Ask me how!