Orlando's housing market saw its inventory of available homes rise for the sixth consecutive month in April, while both year-over-year median price and sales each dipped by about 2 percent.
According to the latest housing data by Florida Realtors, Florida's housing market reported higher median prices and rising inventory during the first quarter of 2019.
Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 3, 2019, mortgage applications in the U.S. increased 2.7 percent from one week earlier.
A total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.
According to new research from CBRE, the average age of U.S. adults at their first marriages has risen to historical highs.
According to ATTOM Data Solutions 2018 property tax analysis of more than 87 million U.S. single family homes, property taxes levied on single family homes in 2018 totaled $304.6 billion, up 4 percent from $293.4 billion in 2017.
Florida's housing market reported higher median prices and increased inventory (active listings) in February 2019 compared to a year ago. Sales of single-family homes statewide totaled 18,966 last month, up 1.9 percent compared to February 2018.
According to the Orlando Regional Realtor Association, Orlando's housing market saw its median price continue a years-long upward trek with an economically healthy 3 percent year-over-year increase in February 2019.
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.
The U.S. Department of Housing and Urban Development and the U.S. Census Bureau data for January 2019 new home sales indicates an increasing demand for U.S. homes sold under the $400,000 price range.
The Florida Realtor Association is reporting that Florida home sales of single-family homes statewide totaled 15,526 last month, down 6.2 percent compared to January 2018.
Sales of new homes in all four major U.S. regions significantly declined in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December.
Orlando's annual median home price for 2018 ($232,500) is 5.7 percent higher than the 2017 annual median price ($220,000) thanks to another 12 consecutive months of year-over-year price increases.
A record-breaking 112.5 million travelers, or 1-in-3 US citizens, are taking to the nation's runways, roads and rails for the year-end holidays represents a 4.4 percent increase over last year.
The inventory of homes available for purchase in the Orlando area has experienced its first year-over-year increase since July of 2015. The overall inventory in November 2018 is 1.7 percent higher than in November 2017.
According to the U.S. Department of Housing and Urban Development, sales of newly built, single-family homes in the U.S. fell to a seasonally adjusted annual rate of 544,000 units in October 2018, after an upwardly revised September report.
According to new market research from CBRE, strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping to preserve affordable accommodation in lower-income communities.
Orlando held steady in 2018 as the #2 destination of choice for Florida's international homebuyers. Nine percent of all of Florida's international homebuyers opted to purchase a property in Orlando.