The "Real" Central Florida Blog
Owners' heartbreak | Buyers' Bargain
Published 25 March 09 07:38 AM |
Lee Rosa
Great News for Today's Homebuyers...
45,000 area homes are in some stage of foreclosure and now
the term Cash is King has an all new reality...
Did you know that parts of Orlando home sales are up 120% in the first quarter (January to March) from a year earlier?
First Time Homebuyers are just one example of how the market is responding to the foreclosure crisis in Central Florida, where low | surpressed prices are due to 45,000 homes that are in some stage of foreclosure.
Studies have shown that the number of homes in foreclosure has tripled in the past year and that the most heavily impacted areas continue to be in Orange,Seminole,Osceola Counties. (
ask me how this can benifit you
)
Have you ever heard of the term: Urban Sprawl?
Urban Sprawl has come to a crawl, and is most effected by this downturn. This represents | East Orlando, West Orlando, Clermont, Osceola County and Western Volusia.
Four bedroom two and a half bath home in Clermont | 135k | Move-In Condition = Crazy discount compared to 2005.
As the foreclosure crisis evolves, investors and First Time Homebuyers are looking for a steal on foreclosed homes.
The Grim Reality is some homeowners are struggling to hold on. Others have stopped making payments and are awaiting eviction. Throughout Central Florida the growing trend is 50% off 2005 Value | The Orlando Sentinel has a great foreclosure
site
.
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