Blog - Page 2 of 4 - The Real Estate Firm of Orlando

Pandemic relocation numbers aren’t out yet, but agents across Fla. report a higher number of new clients are Californians looking for a less expensive lifestyle. SAN FRANCISCO – Real estate agents say more San Francisco Bay area residents are moving to Florida. Lynn Peters, a Realtor with Remax in Gulf Breeze, says she has seen

Mortgage Rates Inch Up and Hit 9-Month High: 3.09%

March 19, 2021

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By ~ Kerry Smith Rates broke the 3% barrier two weeks ago and have increased each week since, leading Freddie Mac’s chief economist to call buyer competition “a challenging reality.” MCLEAN, Va. – The 30-year fixed-rate mortgage (FRM) averaged 3.09% this week, putting it past the psychologically noteworthy 3% mark for the second week in

Buyers Rush to Lock in Low Interest Rates

March 18, 2021

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The uptick in interest rates increased buyer activism heading into the spring buying season, which probably won’t be a “season” since the market never slowed in 2020. NEW YORK – The spring homebuying market is typically marked by higher sales and a greater number of house hunters, but many real estate professionals feel a spring-like

Commercial 2021Forecast: A Rebound in All Sectors

March 16, 2021

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By ~ Catherine Mesick March 12, 2021 Pent-up demand, consumer savings and widespread vaccinations will spark broad commercial expansion this year, according to economists attending NAR’s Wed. webinar. CHICAGO – As vaccination rates rise nationwide, commercial real estate is likely to post gains across all sectors, fueled by pent-up demand and high level of consumer

Latest Stimulus Bill Signed into Law – Here’s What It Does

March 15, 2021

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March 12, 2021 Many Americans will get $1,400 stimulus check, unemployment at $300 per week runs to Sept. 6, and landlords can now tap into a bigger pot of money. Plus child tax credits – $300-or-more paid weekly – could be enough for some rental families to decide it’s time to buy a home. WASHINGTON

NEWS RELEASE

March 10, 2021

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TANSEY M. SODERSTROM ACHIEVES NAR’S AT HOME DIVERSITY CERTIFICATION. (Orlando, Florida) March 10, 2021 – Tansey Soderstrom of The Real Estate Firm of Orlando has been awarded the At

Study: How Would a 3.25% Mortgage Rate Affect Buyers?

March 10, 2021

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By~Kerry Smith In four Fla. cities considered, buyers with $2,500 monthly budgets would see the number of “homes I can afford” drop by about 1.5% compared to 2.75% interest rates. SEATTLE – A homebuyer would lose $23,250 in spending power with mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier this

How Does the New Proposed Stimulus Bill Help Real Estate?

March 8, 2021

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The House-passed bill is now in the Senate, and NAR expects most major provisions to pass. The latest stimulus includes aid for state and local government, new homeowners’ assistance funds, small-business grants, rental-assistance funding, expanded unemployment and more. WASHINGTON – The U.S. Senate will take up President Joe Biden’s American Rescue Plan this week, a

Cash-Paying Out-of-Towners Frustrate Local Fla. Buyers

March 4, 2021

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By~David Lyons Brokers are getting more calls from out-of-staters, and the demand isn’t limited to Fla.’s traditional feeder markets. It adds yet another challenge for local buyers. FORT LAUDERDALE, Fla. – As homebuyers jostle for a dwindling supply of houses in South Florida, local bidders are finding themselves in growing competition with out-of-state people who

Helping Clients and Agents in a Low Inventory Market

March 3, 2021

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By~Lee Nelson Waiving some contingencies such as an inspection can put buyers at financial risk. Clients need to be emotionally prepared for the possibility of finding a home they didn’t envision. Sometimes putting in an escalation clause or a bigger earnest deposit can help make an offer stand out. ________________________________________________________________________ Troy Thiel, CEO of The