Inman News, a leading real estate news site, launched the world's largest real estate encyclopedia today. Named InmanWiki.com the site is part encyclopedia, part blog - an interactive forum where everyone can edit, add and contribute to standing entries.
Since before Christmas, rumors have abounded at Coldwell Banker's the Condo Store as to what happened to their intrepid leader, David Tufts who disappeared almost overnight. Did he jump? Was he pushed? No one in Florida seemed to know. Three days after CondoMetropolis published the story, the Atlanta Business Chronicle found the answer. Tufts quit to start another company just a stone's throw from his old office. Tufts founded the Condo Store nearly 15 years ago, but has finally moved on to [...]
Florida's housing market mirrored the national trend in 2006, with sales of existing single-family homes slowing to a more sustainable pace following a five-year run of record closings. By year's end, a total of 180,037 homes changed hands statewide for a 28 percent decrease compared to the 248,575 homes sold in 2005, according to the Florida Association of Realtors® (FAR). At the same time, 2006 sales figures made it into the record books for several markets around the state; 2006 also is [...]
Word is trickling in that developers have pulled the plug on Thornton Park's Eola Place, just a month after bull-dozers made way for the new 16 story condominium project, due for completion in 2008. Last month, the mayor of Orlando, Buddy Dyer and commissioner Patty Sheehan donned hard hats as they supervised the destruction of two older units to make way for 510 new condos, which were to range in price from $270k to $1.6 million. The sales center located at 330 E. Central Blvd now appears to [...]
After a week of parking lot robberies involving firearms, MetroWest residents are fighting back. Last night, Central Park home owners called an emergency clubhouse meeting to rally against the latest crime wave. Despite only 48 hours notice, manager Ken Swindle succeeded in rounding up not only members of his own community, but an array of interested outsiders, including a local robbery squad detective, Neighborhood Watch organizers, a representative from the MetroWest Master Association, and[...]
After more than a year of legal wrangling, the hullabaloo over the future of Winter Park's The Carlise was finally settled on Tuesday. Sort of. The story is complex, controversial and mixes in a long history of political maneuvering and, well, if you want the whole scoop, you can read about it in the Sentinel. Just thinking about it makes my head hurt.
Despite the building slowdown, at least one developer is keeping the faith. We think the market is fine for the right product, says Wesley Geys, president of Wescar Cos. Wescar has plans for a $20 million development on Lake Shadow near Maitland. Geys believes that the location and lake views will ensure a successful project. Named Solis, the community is planned to be seven stories tall with 47 condos ranging from $300,000 to more than $800,000. Sales are planned for Spring with construction[...]
Metrowest needs its very own superhero if recent media accounts are anything to go by. Apparently, we have more drugs and .45 handguns than a South Bronx crack-shack. Will this affect the value of local real estate? Duh. Just last night, there was an armed robbery at Central Park. If only we could snap our fingers and just make this whole Metrowest thing go away. It's a bad rap - after all, the problem is not really Metrowest - it's the over spill from Pine Hills, right? But wait! someone has [...]
The Orlando Business Journal reports today that Florida held the #2 position in the nation for foreclosures in 2006, up 26.8 percent from 2005 - when we had the dubious distinction of being #1. That honor now goes to California who, according to Foreclosures.com suffered 157,417 foreclosures. However, such statistics fail to take account of the many incredibly varied markets that exist in both Florida and California. These are huge states. And Real estate is a local phenomenon - not just from [...]
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