Homebuyers in Central Florida may benefit from a predicted decrease in property prices in 2026. Orange and Osceola counties expect a 1.6% drop, Volusia County 3.6%, Brevard County 1%, and Fort Myers could see the largest decline of over 10%. These decreases may create opportunities as the real estate market adjusts. Continue to full article
Welcome to East Lake Reserve — Where Elegance Meets Comfort! This beautifully maintained 4-bedroom, 3-bathroom home is nestled in the highly sought-after gated community of East Lake Reserve. Boasting over 2,500 square feet of luxurious living space, this residence offers an open and inviting floor plan perfect for both entertaining and everyday living. Step inside […]
Home sales projected to decline -4.7%. Median home prices expected to decline -1.6%. Market shows falling prices. Buyers may find more affordable homes. Sellers face slower price appreciation.
When selling a home, the last mortgage payment timing depends on the closing date and mortgage terms. It's recommended to pay the final amount about 7 days before closing to ensure funds clear. The lender's payoff statement includes principal, interest, fees, and escrow deficits. Cancel autopay early to avoid errors. If overpaid, lenders must refund […]
First-time homebuyers should prepare financially by setting a budget, understanding mortgage options, monitoring credit scores, and anticipating extra costs like closing fees and insurance. Exploring first-time buyer programs can provide assistance. The process includes getting pre-approved, working with a real estate agent, making an offer with contingencies, scheduling a home inspection, purchasing homeowners insurance, and […]
Orlando's real estate market saw a 22.1% drop in home sales and a 21.4% decline in new listings in November 2025, leading to a 4.1% decrease in available inventory. Despite this, median home prices rose 1.3% to $385,000 amid rising mortgage rates averaging 6.1%. Single-family homes, condos, and townhouses all experienced sales declines. Distressed sales […]
The avg US homeowner now pays ~$16K/yr in hidden homeownership costs, including maintenance, insurance, and property taxes. These hidden costs are rising faster than household incomes, 4.7% vs. 3.8% over the past year. Orlando homeowners pay ~$16.3K/yr in hidden costs, just above the national avg. Property taxes avg ~$3,500, maintenance ~$9,900/yr, and insurance ~$2,900. Rising […]
Before making a home offer, securing mortgage financing is crucial. Mortgage prequalification is a basic financial review, while preapproval involves detailed verification and carries more weight with sellers. Preapproval requires extensive documentation, including income, tax returns, and asset statements. It typically lasts 90 days and may take 1-10 days to process. Multiple credit checks within […]
Orlando home sales fell 22% in November, while listings dropped sharply ahead holidays. Median home prices nudged up to $385K despite higher mortgage rates.