Regional News

Orlando Home Prices up 7%, Sales up 11% in September

According to the Orlando Regional Realtors, sales of homes in the Orlando area were up 11% in September over last year to 2,711. This represented the highest volume of sales in over a year. The median sales price rose to $167,000 from $156,000 1 year ago. Prices were up over August as well which saw […]

I-Drive area leads next generation of Orlando tourism boom:

mangos-parking-garage-62-600xx1152-768-64-0

With several major projects on tap for the International Drive area of Orlando (known as I-Drive), the area is becoming a true live/work/play model. Over the last 2 years many projects have began in the area including over 1,000 new apartments, 1 million square feet of new office, hundreds of thousands of new SF of […]

Florida Leads US in Job Creation for March

1360885_67526498

Florida’s economy registered big gains in March as the state led the US in job creation with 22,900 jobs. Florida was followed by North Carolin with 19,400. February and March combined saw an increase of nearly 60,000 jobs in Florida. The state’s unemployment stood at 6.3%. Unemployment was slightly up over 6.2% at the end […]

Memphis March Housing Data

Memphis, TN has been an interesting housing story lately. A year ago the number of sales was slightly lower as opposed to many of the markets on the coast or areas like Phoenix and Vegas which are seeing much lower YOY sales. Memphis seems to be trailing many of the markets in its recovery but […]

Orlando Market Snapshot March 2014

According to the Orlando Regional Realtors Association, the median price of a home in the Orlando metro area was $160,000 through March, 2014. Sales of homes are 14% lower than this time last year as some institutional groups slowed acquisition of homes. Short Sales in particular were down nearly 70% as exemptions from taxes on […]

Orlando Unemployment Rate down to 6%

The Orlando metro area’s unemployment rate dropped from 7.2% in March 2013 to 6.0% in March 2014. Florida’s statewide unemployment rate is hovering at 6.3% Orlando is one of the cities leading Florida in job creation and Florida has been in the top 5 job creation states in the US over the last few years. […]