Data from Orlando Regional Realtor® Association’s March Market Report indicates extremely strong real estate market ahead of Covid-19 outbreak

Orlando Regional Realtor Association® reports Central Florida median home value up 6.4% year-over-year in its March 2020 Market Report. Median value now at $250,000 with ADOM holding at only 58 days. Inventory is down a whopping 16.7% year-over-year with a current pace of only 2.7 months supply! Experts consider 6 months supply as a balanced market. Year-over-year sales increased by 4.4% & up 11% from last month (January 2020). Pending sales up by 10.9% year-over-year. Distressed properties are only comprising less than 4.4% of all sales. Data is indicative a “Seller’s Market” with an extremely robust demand for housing with dwindling supply available for purchase. Sales numbers are strong & home values continuing to increase on a monthly basis. The full report is available here: March 2020 Market Pulse Report for data from February 2020.

The 8 Biggest Opportunities from the Coronavirus Outbreak & How to Restore the US Economy

Not to be insensitive to the current plight of the world, but while everyone is paralyzed by fear & uncertainty, or using this time to stay glued to television screens for latest crisis updates or for watching Netflix, there will be about 1-2% of you out there who will see that once-in-a-decade event as an opportunity.

Definitely NOT advocating people to take advantage of someone else’s pain & suffering, but rather people be open-minded & receptive to ideas or other points-of-view.

Those of you who are willing to hustle, take risks, put money to work, make investments or provide a service, this will be your chance create wealth & work towards the ultimate goals of attaining Financing Freedom & Financial Independence.

During the Great Recession & financial crisis, I personally closed 344 real estate deals from 2008-2010; most of which were dilapidated houses sold to investors who rehabilitated homes & rebuilt neighborhoods. During & after the real estate collapse, I also purchased 15 real estate investment properties & have rehabilitated 13 of those providing housing to 22 residents/families.

8 Opportunities Knocking on your Door:

1. Fed reduced interest rates to the lowest levels ever. If there was a time to get a mortgage or refinance, it is now.

2. US Stock Markets indexes are down 28% this month. Although I am not an authority or expert on equity markets nor making any recommendations, opportunities may exist particularly in the sectors that have been the most devastated; i.e. airlines, cruise lines, hospitality, casinos, dine-in restaurants & energy; as well as oversold perennial blue chip companies.

3. Real estate — Vacation rental industry will be strained by cancellations, vacancies & will likely experience a spike in listing inventory. Also, loan defaults will be on the rise.

4. Shut-downs & self-quarantining will sadly hurt small businesses the most & will likely see a number of businesses being listed for sale in upcoming months.

5. Demand for loans will rise, particularly small business loans, to offset cash shortages & balance sheet deficiencies.

6. Following industries & will emerge as the “beneficiaries” (for lack of a better word) health care, professional cleaning services, cleaning products, food delivery, shipping, streaming movies, video conferencing, processed food/snacks, super markets & pharmaceutical companies (most specifically vaccine-oriented.)

7. Federal government will be implementing a massive fiscal stimulus program to assist all Americans, most likely in the form of cash payments.

8. Worst hit industries, mostly likely the airlines, will be seeking a federal government bailout. Travel fares & vacation packages will be the lowest levels since 9/11 crisis.

People & businesses will be needing assistance & those who are positioned to provide help, solve problems & service a need will greatly aid in the recovery efforts.

The overall point is to be willing to view a situation from various different perspectives.

Sincerely hope everyone stays save during this temporary health crisis & we’re able to unite as a country to overcome the epidemic.

Wishing everyone well.

Orlando Regional Realtor® Association reports Home Values up 7.9% for month of January 2020

Orlando Regional Realtor Association® reports Central Florida median home value up 7.9% year-over-year in its February 2020 Market Report. Median value now at $245,000 with ADOM holding at only 60 days. Inventory is down 14.7% year-over-year with only 3.1 months supply. Experts consider 6 months supply as a balanced market. Year-over-year sales increased by 16% & pending sales up by 8% year-over-year. Distressed properties are only comprising less than 4.8% of all sales. Data is indicative of a very strong seller’s market with housing supply shortage and robust demand for housing. The full report is available here: ORRA Market Pulse Report February 2020

Orlando Regional Realtor® Association reports Home Values up 4.1% for month of December 2019

Orlando Regional Realtor Association® reports Central Florida median home value up 4.1% year-over-year in its January 2020 Market Report. Median value now at $242,000 with ADOM holding at only 54 days. Inventory is down 10.8% year-over-year with only 2.3 months supply. Experts consider 6 months supply as a balanced market. Distressed properties are only comprising less than 4% of all sales. Data is indicative of a very strong seller’s market with housing supply shortage and robust demand for housing. The full report is available here: ORRA Market Pulse Report January 2020

Orlando Regional Realtor® Association reports Home Values up 3% for month of November 2019

Orlando Regional Realtor Association® reports Central Florida median home value up 3% year-over-year in its December 2019 Market Report. Median value now at $240,000 with ADOM holding at only 54 days. Inventory is down 10.3% year-over-year with only 2.8 months supply. Experts consider 6 months supply as a balanced market. Distressed properties are only comprising less than 4% of all sales. Data is indicative of a very strong seller’s market with housing supply shortage and robust demand for housing. The full report is available here: December 2019 Market Pulse Report

Orlando Regional Realtor® Association reports Home Values up 5.7% for month of October 2019

Orlando Regional Realtor Association® reports Central Florida median home value up 5.7% year-over-year in its November 2019 Market Report. Median value now at $242,000 with ADOM of only 54 days. Inventory is down 5.3% year-over-year with only 2.7 months supply. Experts consider 6 months supply as a balanced market. Distressed properties are only comprising less than 4% of all sales. Data is indicative of a very strong seller’s market with a robust demand for housing. The full report is available here: November 2019 Market Pulse Report

Orlando Regional Realtor® Association reports Home Values up 5% for month of September 2019

Orlando Regional Realtor® Association reports Central Florida median home value up 5% year-over-year in its monthly Market Report. Median value now at $245,000 with sales up 7% year-over-year & ADOM of only 51 days. Inventory hovering near lows of only 2.62 months supply. Data is collected from MLS sales across greater Orlando including Lake, Osceola, Orange & Seminole counties. Full report is available here: October 2019 Market Pulse Report