Orlando Regional Realtor® Assoc. reports home sales down 44% in May 2020 although inventory scarce & values up year-over-year

Orlando Regional Realtor Association® reports Central Florida median home value up 7% year-over-year in its June 2020 Market Report. Median value now at $259,900 with ADOM holding at only 48 days. Major decline of 44% in number of home sales as the impact of the Covid-19 pandemic is becoming apparent. Inventory is down 10.6% year-over-year with an extremely limited 2.1 months’ supply available. Experts consider 6 months’ supply as a balanced market. Data is indicative a “Seller’s Market” with a very robust demand for housing and declining supply available for purchase. Distressed property sales, which include short sale & REO homes, has nearly been completely depleted and only comprising 3% of all sales. As measured by the median home value, Central Florida is still 1.8% below the housing peak in July 2007, where the median home value was reported as $264,436. It’s taken 9.5 years since the market bottom on January 2011 for the market to nearly recover to the record levels of the mid-2000’s real estate boom. The full report is available here: May 2020 ORRA Housing Market Press Release

Data from Orlando Regional Realtor® Association’s May Market Report shows Orlando-area home values up 12.2% for April 2020

Orlando Regional Realtor Association® reports Central Florida median home value up 12.2% year-over-year in its May 2020 Market Report. Median value now at $263,750 with ADOM holding at only 47 days. Major decline of 28% in home sales as the impact of the Covid-19 pandemic is becoming apparent. The on-going decline in inventory slowed to 2.9% year-over-year with a current pace of only 2.4 months supply. Experts consider 6 months supply as a balanced market. Data is indicative a “Seller’s Market” with an extremely robust demand for housing with declining supply available for purchase. Only 105 distress sales closed across the Orlando Metropolitan Area during the entire month of April 2020, a market that has almost completely depleted. Distressed properties are only comprising less than 3% of all sales. As measured by the median home value, Central Florida is finally within $700 of peak of July 2007, where the median home value was reported as $264,436. It’s taken 9.5 years since the market bottom on January 2011 for the market to recover & attain peak level of the mid-2000’s real estate boom. The full report is available here: ORRA’s May 2020 Market Pulse Housing Report

Data from Orlando Regional Realtor® Association’s April Market Report shows Orlando-area home values up 7.9% for March 2020

Orlando Regional Realtor Association® reports Central Florida median home value up 7.9% year-over-year in its April 2020 Market Report. Median value now at $253,500 with ADOM holding at only 54 days. Inventory is down a substantial 9.6% year-over-year with a current pace of only 2.3 months supply! Experts consider 6 months supply as a balanced market. Year-over-year sales increased by 27.1% from March 2019. Pending sales down by 14.9% year-over-year. Data is indicative a “Seller’s Market” with an extremely robust demand for housing with declining supply available for purchase. Only 80 distress sales closed across the Orlando Metropolitan Area during the entire month of March 2020. Distressed properties are only comprising less than 3% of all sales. Sales numbers are strong & home values continuing to increase on a monthly basis. The initial impact of the Covid-19 crisis on Central Florida real estate will be available within the next 30 days. The full report is available here: April 2020 Market Pulse Report for data from March 2020

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