Home prices on the way up

Orlando existing home sales increased in average price for the third month.  This month the price was up 4.5%, but don’t get to excited overall still down 11.5% compared to April 2009.

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Coldwell Banker Ackley Realty Ranks First in Southern Region Sales Production

Kissimmee-based Coldwell Banker Ackley Realty is the top-ranked Coldwell Banker affiliate in both Florida and the Southern Region encompassing 14 states for 2009.

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High Speed Rail to connect Orlando to Tampa then Miami

President Obama will be in Tampa today to unveil the plans for a new high speed rail to connect Tampa and Orlando.  The rail will be funded by grants from the American Recovery and Reinvestment Act.
Construction will bring 1000s of jobs to the Central Florida area.  Upon completition in 2014 the rail will serve residents and visitors linking the two cities together.
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Giving Thanks With Friends and Family

With a Ho Ho Ho hear through Central Florida, Coldwell Banker Ackley Realty friends and family came together to give thanks on Friday, November 20, 2009 at the Annual Pot Luck Thanksgiving Celebration to officially start the Holiday Season.

The Recession Is Over..Unoficially That Is

According to the Fannie Mae monthly economic and mortgage market analysis predictions state that the economy will achieve reasonable growth in the fourth quarter of this year.

“The question is whether the growth will be durable, especially after policy supports [stimulus] and the inventory cycle wane,” its economists said. “Our forecast continues to show that growth is likely to moderate somewhat in the current quarter and early next year, before strengthening in late 2010.”
- Source

According to market forecasts home sales will rise 10 percent in the next year while outstanding mortgage debts will fall 1.7 percent in 2010.

With the help of the Homebuyer Tax credit Extension and it’s expansion to include current homeowners, home sales are expected to continue to benefit.

Home sales jumped 9.4 percent in September, to the highest level in two years according to the National Association of Realtors.

Home Sales Up Nearly 80% In Orlando

A whopping 79.6% more existing homes were sold in October in Orlando than in same month 2008 according to the Orlando Regional Realtor Association. Members of the association sold 2,206 existing homes in October, comparing to only 1,228 closings in the same month a year ago.

Orlando homebuyers purchased 188 duplexes, villas and townhomes in October a mild increase from 103 in October of 2008.

Condo sales totaled 411 in October, over three times more than the 122 sold in October of 2008. A total of 3,499 condos have been resold year-to-date, compared to the 1,185 during the same time last year.

Join Us On Twitter

As we continue to expand to meet the needs of our clients here at Coldwell Banker Ackley Realty, we are now on Twitter. So why not join us there, not only will you find the same great service there but also things like articles and helpful information that will assist you further in your search for a home.

So be sure to tell a friend, the more the merrier and we hope to see you soon. Twitter.com/AckleyRealty