“Sales of existing homes in Florida rose 18 percent in May, marking 21 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors.    
A total of 16,745 single-family existing homes sold statewide last month compared to 14,172 homes sold in May 2009 (see chart above). The statewide existing-home median price of $140,400 in May was slightly higher – by $300 – than April’s statewide existing-home median price of $140,100. It marks the third month in a row that the statewide existing-home median price has increased over the previous month’s median.”

4.69% for a fixed 30 year mortgage?  Who would have thought it possible.  But then again, are we at the lowest point? Is this the time to refinance?  Who are the winners and the losers? Warnings?

 I watched a bunch of reports this morning and I think this one from CBS News does a good, concise job of summing it all up and making it easy to understand the pros and cons.

Hope it helps....  :)

According to the OBJ, Florida scored highest for its top marginal personal income tax rate, state minimum wage and its right-to-work status. Good news for us!

If you look at the right sidebar of this blog ORLANDO REAL ESTATE MATTERS you will see boxes that display listing inventory and pricing trends for most of the neighborhoods in Downtown Orlando as well as Winter Park.   If you have questions on how to interpret this information, or if there is a specific neighborhood that you would like information for that is not listed....just let me know and you shall have it   :)