Orlando Real Estate - Blog

Homes -The bigger they are the slower they sell!

Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But on the upper end, sales remain mired in a deep slump and price declines are expected to accelerate.

Signs of the divide are visible across the country, including in suburban Chicago. In middle-class Schaumburg, Ill., which had a median income of $65,000 in 2007, sales were up 41% in June from the depressed level of a year earlier and bidding wars have broken out on some properties. "I can't even tell you how many I've been in over the last two months," says Joe Stacy, a local real-estate agent.

But 25 miles away in the affluent town of Kenilworth, with a median income of $230,000, home sales have stalled. While there are 65 homes on the market, just 13 have sold this year. "We're extremely oversupplied," says Sherry Molitor, a local real-estate agent. "Sellers are struggling to realize that we're back to 2001-02 prices."

The divide between the mass market and the high-end -- generally defined as homes that cost above $750,000 -- partly reflects the effects of Washington's housing-rescue plan, which is producing winners and losers. complete story

Source: Wall Street Journal - Nick Timiraos & James R. Hagerty

Stop Foreclosure

 Save Your Credit

Orlando Short Sales

Orlando Short Sale - Loan Modification image

 

Posted by Orlando Realty Experts on August 8th, 2009 1:56 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Orlando Homes for Sale image

Orlando Home Valuation image

Orlando Short Sales Foreclosure image

Orlando Real Estate Agents - Homevest Realty image  Orlando Realtors image Realtors Real Estate Orlando image 

Orlando Realty Experts logo image

Orlando Real Estate - Service Areas

Orlando – Kissimmee Metro Service Area: Altamonte Springs, Altoona, Apopka, Astatula, Astor Belle, Astor, Belle Isle, Casselberry, Celebration, Christmas, Chuluota, Clermont, Davenport, Dr. Phillips, Eustis, Fruitland Park, Geneva, Gotha, Grand Island, Groveland, Harmony, Howey in the Hills, Kissimmee, Lady Lake, Lake Mary, Leesburg, Longwood, Maitland, Mascotte, Montverde, Mt. Dora, Mt. Plymouth, Oakland, Ocoee, Orlando, Oviedo, Paisley, Poinciana, Reunion, Sanford, Sorrento, St. Cloud, Tangerine, Tavares, The Villages, Umatilla, Windermere, Winter Garden, Winter Park & Winter Springs.

Orlando Metro Service Area - Central Florida Counties: Orange County, Seminole County, Osceola County, Polk County & Lake County.

Orlando Realty Experts: Provides services to home buyers and sellers in Orlando Florida, including FREE Orlando MLS (multiple listing service) search, Orlando new construction homes, preconstruction property, foreclosures, short sales and distressed property in Orlando FL. We are experienced real estate Orlando agents and  brokers that can represent you in the buying process as a buyers agent or help you in selling a home in Orlando. About Us - Location

Orlando Short Sale Center: A short sale in Orlando offers homeowners a way to avoid foreclosure and help save their credit.  We have a team of licensed Orlando Realtors and loss mitigation experts who specialize in pre-foreclosures and the short sale of all types of property. 

All our agents are licensed by the State of Florida DPBR; active members of the Orlando Board of Realtors, Florida Association of Realtors and National Association of Realtors. 

 Real Estate Investment Clubs - Florida Loans - Orlando Investment Property - SE Florida Realty Agents


Orlando Realty Experts 424 E. Central Blvd. Suite 516 Orlando, FL 32801
Phone: Fax:

Why Choose Us! | Contact Us | Free Home Valuation | Search New Construction | Search Orlando Listings | Orlando Relocation Guide | Orlando Short Sale | Looking to Buy | Looking to Sell | Home | Foreclosure Listings | Our Blog

Copyright © 2012 Orlando Realty Experts
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.