With the mortgage gloom of late now compounding the real estate gloom, here's a reminder of why Orlando is still a great place to live - and why we're shielded from the worst of it. 1.) Industry continues to move here. Last week, another simulation company moved to Orlando citing Orlando as the "capital of simulation." Who knew? 2.) With so much industry moving here, unemployment is low. Unemployment was just 3.3% for January 2007. 3.) Spring travel numbers are up. This week, Orbitz placed [...]
AAA says it doesn't expect motorists east of the Rocky Mountains to have to pay $3 a gallon or more this spring. Um, okay... According to AAA the nationwide price of self-serve regular gasoline is currently $2.54 a gallon, though the statewide average in California is $3.12 a gallon. Florida currently averages $2.57 per gallon, while Orlando's current average for self-serve regular is $2.53. "This wide price discrepancy is primarily due to rising demand for fuel on the West Coast, the region's [...]
Rumor has it that MetroWest may soon have it's own police sub-station. And not before time. Two nights ago I woke up to a noise that sounded like a shotgun. It turned out to be a vehicle in the condo complex across the street that was ablaze - complete with exploding tires and gas tank. It took the police about twenty minutes to get there. One of the rumored locations of the substation is on Raleigh street in the plaza at the junction with Hiawassee. Let's hope it's true. Anyone have any [...]
Most expensive condo: Listed for: $275,000 Sold for: $265,000 (days on market = 27) Least expensive condo: Listed for: $115,000 Sold for: $99,000 (days on market = 233) Median sales price: $131,700 Average days on market = 97 Source: Orlando Sentinel
Windmill Point Condominiums had its grand opening last Thursday and they've been selling like hot cakes ever since. There were only 136 condos to start and at this point, over 100 units are already under contract The student friendly condos are just a stones throw from the University of Central Florida (UCF) and a mile and a half from Waterford Lakes. The condos consist of a single floor plan, providing around 850 square feet and they're selling for $159,900. Built in 1980, the condominiums are[...]
Centerline Homes will unveil the new Midtown Condos at Baldwin Park during their grand opening this weekend. The 95-unit new construction condo project starts in the 200's and includes granite counter tops in kitchen & bathrooms, 8 doorways, 10 ceilings, wraparound porches, all appliances and more. Construction begins this summer and they will be ready for move-in by February 2008. As always, contact your friends at Condo Metropolis for more details!
Dear Sherry: My boyfriend and I want to purchase a condo in Orlando. The problem is that we both ran up credit cards when we were younger, and we have been late on our car payments a couple of times. I know our credit isn't the greatest, but we have paid our bills on time recently. Do you think we will we be able to get a loan for 100%? Condo Hunter. Condo Hunter: It sounds like you may have heard the hype in the media recently that 100% financing will only be available for perfect credit as [...]
We're adding two exciting new voices to our blog. Specialists that will be able to assist with some of the common questions that arise when buying a condo. Mortgage specialist Sherry Graziano from Coldwell Banker will be able to answer questions on condo mortgages and home finance, and Hal Hildebrandt, a long time condo community manager in Florida will assist with those tricky home owners association questions. The lines are open... so ask away!
Engineering crews began clearing the ground at the site of the Blue Rose today. The 13 acre site will become home to Orlando's largest condo hotel. Work will continue as the property prepares for actual groundbreaking. The sales center was also busy having hosted its casino night over the weekend. Condo Metropolis was there along with 600 other VIPs and much fun (and alcohol) was had by all!
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