Archive for the ‘orlando luxury home sales’ Category

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Is the grass greener?

February 5, 2009

Survey Finds Grass Is Greener on the Other Side

The results of a survey exploring attitudes related to where Americans would like to live show that the grass is definitely greener on the other side of the fence.

About 46 percent of people would prefer to live in a different type of community from the one they live in now, the survey by the Pew Research Center’s Social & Demographic Trends found. That sentiment was most common among urban dwellers.

But the desire to move elsewhere doesn’t stop people from appreciating their current locale. About 80 percent rank their current communities as excellent, very good or good. Both the 63 percent who have moved at least once and the 37 percent who have lived in the same place all their lives are equally satisfied with their current locations.

Other findings include:

  • Americans are all over the map in their views about their ideal community type: 30 percent say they would most like to live in a small town, 25 percent in a suburb, 23 percent in a city and 21 percent in a rural area.
  • About 75 percent of Americans say they prefer living where the pace of life is slow, not fast. A similar majority prefers a place where neighbors know each other well to one where neighbors don’t generally know each other’s business.
  • About 65 percent say they prefer to live in a hot-weather climate rather than a cold one.
  • Fast food gets the nod with 43 percent preferring to live in a place with more McDonald’s outlets vs. the 35 percent who would rather have more Starbucks shops.

Asked to rank cities where they would live if they could, nearly everyone chose warm weather locations in the South or the West. Here are their top 15 picks:

1. Denver, 43 percent
2. San Diego, 40 percent
3. Seattle, 38 percent
4. Orlando, 34 percent
5. Tampa, 34 percent
6 San Francisco, 34 percent
7. Phoenix, 33 percent
8. Portland, Ore., 31 percent
9. Sacramento, 29 percent
10 .San Antonio, 29 percent
11. Boston, 28 percent
12. Miami, 28 percent
13. Atlanta, 26 percent
14. Washington, DC, 25 percent
15. New York, 24 percent

Source: Pew Research Center (01/29/2009)

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Dear Mr. Future President…

August 31, 2008

Dear Mr. Future President:

As the housing industry goes…so goes the economy. This is important to remember.

More than half of all Americans think that with the election of a new President we will see an improvement in the housing industry. I tend to agree. Why? Because it can’t get any worse and no one, at this stage of the election process, seems to be willing to take a stand on housing and the economy. So yes…with a new President should come SOME relief from our housing crisis. But how will he do it?

Most Americans still believe in the dream of home ownership. Most, however, feel that they are going to be shut out of the market due to either their inability to get a loan, lack of down payment, or unrealistic housing prices. Mr. Future President, you have a problem.

For too long we have ignored what some refer to as our housing tsunami which has created a serious economic crisis for America. Interestingly, it’s going to start to have a ripple effect throughout the world soon. Someone, specifically our new President and our elected representatives have to start thinking of smart options to fix our housing crisis.

We have willing buyers and willing sellers but LENDERS are withdrawing in record numbers. Appraisers are afraid to assign any value to properties and the economy starts to tank. The federal government must step up and work with lenders to guarantee the loan process. For those who think the taxpayers should not “bail out” the housing market…think again. Without a housing rebound you may see the beginnings of a recession turn into something far worse.

Central Florida is starting to turn around. But it could just as easily slide back if we don’t find lenders willing to loan mortgage money to qualified buyers. Mr. Future President, think long and hard about today’s housing crisis. I think the future of our country and most certainly the success of your tenure will depend upon it.

God Bless America!

 

 

 

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Orlando Luxury Home Stats – Plenty of Options, Plenty of Sales

July 22, 2008

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There are currently 15,661 homes for sale in the Central Florida region – specifically, Orlando! WOW. That’s an astounding figure.

But what is even more interesting is that there are 699 homes currently for sale over $1M in Orlando with the highest priced home on the market hovering around $12M. Most of these homes can be found in the Dr. Phillips/Bay Hill or Windermere areas (all in the same neighborhood) and sales there remain brisk. Most, if not all, are on ski lakes. Waterfront brings top dollar in Orlando.

Currently there are 37 homes pending for sale over $1M with the highest priced home under contract at $6.12M having been on the market for almost a year.

Finally, in the last 90 days, there have been 699 homes sold over $1,000,000 in the Orlando region. For many areas of Florida, there weren’t 699 homes sold in ALL price ranges. This is VERY good news indeed.

So should you think that there is a lack of interest in homes in the luxury price point…you only have to look at the facts. Just keep in mind it pays to live in Windermere…the home of many professional athletes! It also pays to live on water! No wonder they call it the City Beautiful.