Orlando
Real Estate News

Last Updated May 29, 2020 9:00 AM ET

Orlando Property News

Central Florida industrial market saw modest growth in demand with over 325,000 square feet of positive net absorption recorded in the first quarter of 2020.

The Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending April 24, 2020 is reporting a dip in U.S. mortgage applications.

The total number of U.S. loans now in forbearance increased from 5.95% of servicers' portfolio volume in the prior week to 6.99% as of April 19, 2020.

A national rent increase of 3.3% year over year in February (just before the COVID-19 outbreak in the US ramped up), up slightly from a 3% year-over-year increase in February 2019.

The coronavirus pandemic has wreaked havoc on many of America's "non-essential" industries. That includes tourism, as countless attractions have closed down.

Total U.S. housing starts decreased 22.3 percent in March 2020 from a downwardly revised February reading to a seasonally adjusted annual rate of 1.22 million units.

According to the latest National Association of Home Builders / Wells Fargo Housing Market Index (HMI) released this week, U.S. builder confidence in the market for newly-built single-family homes plunged 42 points in April to an HIMI reading of 30 points.

Real estate broker Redfin is reporting this week that U.S. homebuying demand, as measured by the annual growth rate in customers going on their first tour with a Redfin agent, took a sharp dive in April 2020.

According to a new report by CBRE, the COVID-19 pandemic is creating massive disruption in the food industry, which will result in increased demand for industrial cold storage space in the U.S.

More than three-quarters of U.S. renters could pay one month's worth of housing expenses with the $1,200 coronavirus stimulus check.

3.5% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in January 2020, representing a 0.5 percentage point decline in the overall delinquency rate compared with January 2019.

The total number of U.S. loans in forbearance jumped from 2.73% to 3.74% during the week of March 30 to April 5, 2020.

The Northeast has the largest concentration of the most at-risk counties, with clusters in New Jersey and Florida, while the West and Midwest have the smallest.

Home prices increased nationally by 4.1% from February 2019. On a month-over-month basis, prices increased by 0.6% in February 2020.

Liquidity to mortgage servicers needing additional capacity to support homeowners and renters impacted by COVID-19.

U.S. housing industry stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic.

Affordable East Coast and Midwest cities have the lowest overall economic risk in the 2020 recession that began in March 2020.


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