This Caracas Model by D.R. Horton features 4 bedrooms, 3 1/2 bathrooms and 2,167 square feet. Say hello to a peaceful, stress free life at Solterra Resort. This beautiful short term rental community is located in Davenport Florida, just minutes away from the world famous Disney World. Park Square Homes will have built Solterra similar to Emerald Island and Bellavida Resort which flourished quickly. DR Horton, also building in this beautiful community, will have similar models to Calabria and Cypress Pointe which have both sold well. Along with being in close vicinity of Florida’s famous theme parks, local shopping and dining, and popular golf courses will make Solterra a place that has it all. This Caracas Model by D.R. Horton starts at $299,990.
Solterra Resort includes many amenities for a resort style community feel. Allow yourself to relax in the Cyber Cafe and catch up on the latest in the news, or work off your energy in the Fitness Center. This community was aimed for Disney visitors providing amenities that allow you to stay on property through out vacation.
Park Square Homes and DR Horton has thought well before building this community. Each developer has kept you in mind ensuring that each home is built with plenty of room for the entire family. Make this beautiful community your new dream destination. With most of the community surrounded by conservation a walk around the neighborhood or to the community club house would be relaxing. Solterra is situated just off Ronald Reagan Highway making access to I4 easy and a quick trip to Disney even easier.
Just admire at the beauty Solterra Resort has brought to its community. With builders ranging from Park Square to DR Horton the variations are unlimited! DR Horton has released their inventory for their single family home sites but are now including the townhome sites. Now is your chance to find your perfect home site within this community before it’s too late! Let’s check out what’s on the inventory list this month to the left. Feel free to click on each individual floor plan to see what the layout consists of.
We are sure these prices will go quickly! DR Horton has ensured that all of your wants and needs are met in these beautifully built single-family homes and townhomes. For more pricing and information regarding this Inventory release, please fill out the form below. One of our experienced agents will be happy to assist you through this exciting journey.
Infiniti Housing presents The Towns at Legacy Park. This new addition to Legacy Park features 6 different floor plans of 2 and 3 bedroom townhomes and features a lovely amenities pool with a cabana. Legacy Park is conveniently located in the Four Corners area of Davenport and with this prime location, these townhomes are selling fast and will not last. Don’t miss your opportunity to own your vacation villa in the master-planned community of Legacy Park. Click on either image to view full pricing for all 6 of these wonderfully designed townhomes.
2015 Forecast: Gains Ahead for home sales in Orlando, Fl & Nationwide
Continued economic growth and more reasonable lending standards could unleash pent-up demand for home sales.
JANUARY 2015 | BY ROBERT FREEDMAN
Alone among big Western economies, the United States is poised for solid growth in 2015, fueling job creation and keeping home sales in Orlando, FL and nationwide on an upward path. The National Association of REALTORS® forecasts that existing-home sales will reach 5.3 million, an increase of almost half a million over 2014. The national median home price will rise, too, but at a sustainable 4 percent rate, to just below $216,000.
Increasingly confident renter households will enter the homebuying market after watching rental growth rates hit a seven-year high. And households that were forced into foreclosure or a short sale during the housing crisis several years ago could begin streaming back to the market, too.
Sales will be bolstered by the expected return of more reasonable mortgage underwriting standards that were in place prior to the housing boom. This shift by lenders will help soften the impact of gradually rising interest rates, which NAR expects to top out just below 5 percent this year. If interest rates defy expectations and remain close to where they are currently, this will be another boost to home sales in Orlando Florida & nationwide, says NAR Chief Economist Lawrence Yun.
On the commercial side, continued modest improvement in vacancies, absorption rates, and rent growth is projected for all the major sectors in 2015.
The big unknown for real estate is the health of the global economy. If the economies of Europe and other powerhouses continue to lag, further U.S. growth could be stymied, slowing the expansion of residential and commercial markets.
2014
2015
2016
Forecast
GDP growth
2.2%
2.7%
2.9%
Existing-home sales (millions)
4.90
5.30
5.40
New-home sales (units)
440,000
620,000
700,000
Housing starts (units)
1,000,000
1,300,000
1,400,000
Home price (median)
$ 207,600
$ 215,900
$ 225,300
Fed funds rate
0.1%
0.4%
1.6%
30-year mortgage
4.2%
4.9%
6.0%
Commercial
Office
Vacancy rate
16.2%
15.7%
15.6%
Net absorption (sq. ft.)
35,586
48,841
55,026
Completions (sq. ft.)
27,073
42,154
44,460
Rent growth
2.6%
3.3%
3.6%
Industrial
Vacancy rate
8.9%
8.5%
8.1%
Net absorption (sq. ft.)
110,652
102,463
105,780
Completions (sq. ft.)
81,009
71,349
62,097
Rent growth
2.4%
2.9%
3.1%
Retail
Vacancy rate
9.8%
9.6%
9.4%
Net absorption (sq. ft.)
11,350
18,871
23,792
Completions (sq. ft.)
7,747
11,711
15,924
Rent growth
2.0%
2.5%
3.0%
Multifamily
Vacancy rate
4.0%
4.1%
4.2%
Net absorption (units)
216,296
171,167
143,626
Completions (units)
180,796
210,669
165,339
Rent growth
4.0%
3.9%
3.5%
All tables use data compiled by NAR Research.
Figures for 2007–2013 are actual; figures for 2014–2016 are projected.
Wealth Gap
Household Wealth: Owners vs. Renters
Owners
Renters
Difference
1998
$132,100
$4,200
31x
2001
$172,600
$4,800
36x
2004
$184,700
$4,000
46x
2007
$234,800
$5,100
46x
2010
$174,500
$5,100
34x
2013
$195,400
$5,400
36x
Source: Federal Reserve Survey of Consumer Finances
Steady Gains
(existing-home sales)
2009
3,820,000
2010
4,190,000
2011
4,260,000
2012
4,660,000
2013
5,090,000
2014
4,937,000
2015
5,295,000
2016
5,380,000
Source: NAR
Profitability Expected
Expectations over the next 12 months (percentage of firms)
Less
Same
More
Residential Firm
8
26
66
Commercial Firm
6
23
71
Source: NAR
Want to Buy
Gen Y attitudes on home ownership
Home ownership is an important long-term goal
75%
Home ownership is an excellent investment
73%
Among renters, belief owning a home makes more sense
59%
Among renters, belief it’s difficult to get mortgage
73%
Source: Fannie Mae, 2013 Demand Institute Housing and Community Survey
2015 Forecast: Gains Ahead for home sales in Orlando, Fl & Nationwide
Continued economic growth and more reasonable lending standards could unleash pent-up demand for home sales.
JANUARY 2015 | BY ROBERT FREEDMAN
Alone among big Western economies, the United States is poised for solid growth in 2015, fueling job creation and keeping home sales in Orlando, FL and nationwide on an upward path. The National Association of REALTORS® forecasts that existing-home sales will reach 5.3 million, an increase of almost half a million over 2014. The national median home price will rise, too, but at a sustainable 4 percent rate, to just below $216,000.
Increasingly confident renter households will enter the homebuying market after watching rental growth rates hit a seven-year high. And households that were forced into foreclosure or a short sale during the housing crisis several years ago could begin streaming back to the market, too.
Sales will be bolstered by the expected return of more reasonable mortgage underwriting standards that were in place prior to the housing boom. This shift by lenders will help soften the impact of gradually rising interest rates, which NAR expects to top out just below 5 percent this year. If interest rates defy expectations and remain close to where they are currently, this will be another boost to home sales in Orlando Florida & nationwide, says NAR Chief Economist Lawrence Yun.
On the commercial side, continued modest improvement in vacancies, absorption rates, and rent growth is projected for all the major sectors in 2015.
The big unknown for real estate is the health of the global economy. If the economies of Europe and other powerhouses continue to lag, further U.S. growth could be stymied, slowing the expansion of residential and commercial markets.
2014
2015
2016
Forecast
GDP growth
2.2%
2.7%
2.9%
Existing-home sales (millions)
4.90
5.30
5.40
New-home sales (units)
440,000
620,000
700,000
Housing starts (units)
1,000,000
1,300,000
1,400,000
Home price (median)
$ 207,600
$ 215,900
$ 225,300
Fed funds rate
0.1%
0.4%
1.6%
30-year mortgage
4.2%
4.9%
6.0%
Commercial
Office
Vacancy rate
16.2%
15.7%
15.6%
Net absorption (sq. ft.)
35,586
48,841
55,026
Completions (sq. ft.)
27,073
42,154
44,460
Rent growth
2.6%
3.3%
3.6%
Industrial
Vacancy rate
8.9%
8.5%
8.1%
Net absorption (sq. ft.)
110,652
102,463
105,780
Completions (sq. ft.)
81,009
71,349
62,097
Rent growth
2.4%
2.9%
3.1%
Retail
Vacancy rate
9.8%
9.6%
9.4%
Net absorption (sq. ft.)
11,350
18,871
23,792
Completions (sq. ft.)
7,747
11,711
15,924
Rent growth
2.0%
2.5%
3.0%
Multifamily
Vacancy rate
4.0%
4.1%
4.2%
Net absorption (units)
216,296
171,167
143,626
Completions (units)
180,796
210,669
165,339
Rent growth
4.0%
3.9%
3.5%
All tables use data compiled by NAR Research.
Figures for 2007–2013 are actual; figures for 2014–2016 are projected.
Wealth Gap
Household Wealth: Owners vs. Renters
Owners
Renters
Difference
1998
$132,100
$4,200
31x
2001
$172,600
$4,800
36x
2004
$184,700
$4,000
46x
2007
$234,800
$5,100
46x
2010
$174,500
$5,100
34x
2013
$195,400
$5,400
36x
Source: Federal Reserve Survey of Consumer Finances
Steady Gains
(existing-home sales)
2009
3,820,000
2010
4,190,000
2011
4,260,000
2012
4,660,000
2013
5,090,000
2014
4,937,000
2015
5,295,000
2016
5,380,000
Source: NAR
Profitability Expected
Expectations over the next 12 months (percentage of firms)
Less
Same
More
Residential Firm
8
26
66
Commercial Firm
6
23
71
Source: NAR
Want to Buy
Gen Y attitudes on home ownership
Home ownership is an important long-term goal
75%
Home ownership is an excellent investment
73%
Among renters, belief owning a home makes more sense
59%
Among renters, belief it’s difficult to get mortgage
73%
Source: Fannie Mae, 2013 Demand Institute Housing and Community Survey
DR Horton’s Solterra Resort is selling quickly! Inventory homes are offered at a discounted price for buyer’s looking to act fast. DR Horton is also featuring Inventory prices for their Townhomes at Solterra. Now is your chance to own a brand new vacation home in a prime location for your investment.
These prices will not last! Don’t miss the opportunity to save money and purchase the dream home you’ve always wanted! DR Horton are making it possible to have all of the items on your checklist when it comes to your brand new home. For more pricing and information regarding this Inventory release, please fill out the form below. One of our experienced agents will be happy to assist you through this exciting journey.
