Orlando
Real Estate News

Last Updated November 25, 2020 9:00 AM ET

Orlando Property News

Fastest home sales are in swing counties, a reflection of rising interest in the suburbs as the pandemic drives homebuyers to prioritize space

The Orlando Regional Realtor Association is reporting this week that Orlando's median price also continued on its upward path, while inventory again fell to a new low in August 2020.

CoreLogic's latest Single-Family Rent Index (SFRI) for July 2020 shows a national residential rent increase of 1.7% year over year, down from a 2.9% year-over-year increase in July 2019.

The Mortgage Bankers Association is reporting this week that U. S. mortgage credit availability decreased in August 2020. Mortgage credit supply fell to its lowest level since March 2014, driven by a reduction in supply from both conventional and government segments of the market.

Forsyth County, Georgia, ranks as the top "Work from Home" county in the United States. Two Colorado counties - Douglas and Broomfield - appear in the top 10 at second and ninth, respectively.

CoreLogic's latest monthly Loan Performance Insights Report for June 2020 says 7.1% of U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure).

Net-lease investment in the U.S. fell significantly in Q2 2020, but comprised the highest share of total volume on record amid a sharp decline in commercial real estate investment activity.

A widespread group of mostly-impoverished, densely-packed urban neighborhoods across the U.S. offer some of the most attractive opportunities in the nation for housing developers to take advantage of federal reinvestment tax benefits.

Insured wind and storm surge losses for residential and commercial properties in Louisiana and Texas are estimated to be between $8 billion and $12 billion.

In a sign that the housing market continues to lead the economy during the coronavirus outbreak, sales of newly built, single-family homes rose to its highest pace since 2006, up 13.9 percent to a seasonally adjusted annual rate of 901,000 units in July 2020.

According to the latest Multifamily Market Survey (MMS) released this week by the National Association of Home Builders (NAHB), confidence in the market for new multifamily housing increased in the second quarter, however, it still remains in negative territory.

According to a new report from Redfin, the median sale price for luxury homes in the U.S. rose 1.2% year over year to $825,000 during the three months ending July 31, 2020.

According to the U.S. Housing and Urban Development and Commerce Department, in a further sign that housing continues to boost the economy, single-family and multifamily starts each posted solid gains in July 2020.

U.S. home builder confidence in the market for newly-built single-family homes increased six points in August 2020. HMI stands at highest reading in the 35-year history of the series.

Residential rents in the U.S. increased 1.4% year over year in June, down from a 2.9% year-over-year increase in June 2019.

U.S. commercial investor sentiment and transaction activity are recovering from the depths of the COVID-19 crisis.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 2.96 percent in mid-August 2020. Homebuyer demand remains strong, especially for those in search of an entry-level home.

Based on the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending August 7, 2020, U.S. mortgage applications increased 6.8 percent from one week earlier.


Page
×
WORLD PROPERTY JOURNAL
 
Free Weekly Newsletter
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO