At 9:10 on Wednesday, November 14th Fed chairman Ben Bernanke gave a rousing speech at the CATO Institute concerning transparency of monetary policy and future Fed movement. Since it took about an hour to say, I'll do my best to hit you with the highlights. Ben reiterated that he practices a method of policy orchestration called Inflation Targeting, then promptly conceded that a single-minded focus on the economy is ill-equipped to handle the dual mandate of the Federal Reserve (to maintain [...]
A recent forecast report released by the National Association of Home Builders projects that Florida state, and in particular metro areas within the state, will experience the steepest declines in housing starts this year compared to last year. Housing starts in Florida are projected to fall from 198,900 in 2006 to 103,300 this year, a massive 48.1 percent drop, the builders group reported. Florida is home to nine of ten U.S. metro areas with the sharpest projected drop in housing [...]
I was a kid the last time the dollar was this weak against the Great British pound, but right now for every pound a Brit brings to Orlando, they get over two dollars ($2.09) in return, effectively doubling their money - and more than doubling it when you take into account how much more expensive the U.K. is. This makes buying Orlando condos a no brainer. Combine this with the current heavy discounts in the Orlando condo market and you'd have to be a fool not to invest. Our Canadian neighbors [...]
Oooh! Ooooh! Pick me, pick me! Going cheap: Condo conversion in southwest Orlando, with no repairs needed and many upgrades in place. Appraised value is just over $30M - asking price is just over $20M. This is a potential income property or resale of over 170 units. Property is in a good location close to major entertainment attractions, stores and restaurants; all close proximity. Tis true... you need money to make money. (Don't forget to keep an eye on our investors page.) Call: [...]
I'd like to start with a less than encouraging quote from Fed chairman Bernanke: "Overall, the Committee expected that the growth of economic activity would slow noticeably in the fourth quarter from its third-quarter rate. Growth was seen as remaining sluggish during the first part of next year, then strengthening as the effects of tighter credit and the housing correction began to wane." Unless the housing correction DOESN'T wane. A frightening thought, but one that must be entertained [...]
The U.S. Real Estate market is changing in dynamic ways. And I'm not talking about the messy mortgage melt-down. Every minute, six people turn 60 years old in America, and the graying of the population will change the housing market in many dynamic ways. 78 Million sunshine-seeking Boomers will retire in 15 years or less. Guess where they're headed? And you're worried about the future value of Florida real estate?! In his new book Besting (better nesting instead of empty nesting) Bob Waun [...]
Take a gander below at the condo projects that have gone south in the last month or so. It's depressing. Or is it? What else does it signal? (other than an increase in the sales of Head On: Apply Directly To The Forehead). I'm going to stick my neck out here and suggest that this "correction" might just signal the beginning of the end of the condo buyer's market in Orlando. Because the combined value of these monthly flops is many thousands of condos that will [...]
Regency Park condos in Lake Mary will host a condo closeout sale this weekend with 1 bed, 1 bath condos on offer from $99,990! A 2/2 will cost you about $128 and a 3/2 about $169. Registrants will enter to win a free 32" LCD TV. Only 20 condos remain so if you'd like to register and take a tour on either Saturday or Sunday, contact us here ASAP at Condo Metropolis (407) 901-5161. You will probably only need $1500 down as a deposit. This is not an auction and this is solid closeout pricing!
The Cons of Cutting Rates: Dollar’s declining value (if the Fed makes it easier to lend, more money will move in to circulation. A higher money supply decreases the overall value, making imports more expensive and consequently causing inflation.) High Gross Domestic Product (3rd quarter GDP came in today at 3.9%, a hot measure. If we get to producing too much, employment and wage inflation will both flare up, meaning consumers have more spendable capital. When businesses see that [...]
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