One of the best lots in the whole community. Plenty of space on all sides of the home and right across the street from the playground. This luxurious 4 bedroom villa has so much to offer and as soon as you walk in through the front door you will feel right at home. This property offers a feeling of luxury and space and boasts of 4 bedrooms with large spacious rooms throughout. This villa is located in the Community of Silver Creek only 10 mins to Disney. As soon as you step outside the rear, you will be welcomed by the spacious heated pool and spa and large deck area, ideal for sunbathing the day away on this oversized lot. Owner bookings may convey as well if desired.
Welcome to this weeks snapshot of Central Florida Daily Mortgage Rates! Now has never been a better time to invest your hard earned money into something that will continue to reward you, especially with ownership!
BREAKING DOWN ‘Mortgage Rate’
The mortgage rate is a primary consideration for homebuyers looking to finance a new home purchase with a mortgage loan. Other factors also involved include collateral, principal, interest, taxes and insurance. The collateral on a mortgage is the house itself, and the principal is the initial amount for the loan. Taxes and insurance vary according to the location of the home and are usually an estimated figure until the time of purchase.
Source: Investopedia.com Each mortgage rate is determined by the lender and can be either fixed, staying the same for the term of the mortgage, or variable, fluctuating with a benchmark interest rate. A mortgage rate may vary for borrowers based on their credit profile. Here is a snap shot of the daily mortgage rates as of today, Monday, November 12, 2018. While the rates shown are not guaranteed for everyone, this gives the average buyer a good idea of what their rate should look like. We always recommend you speak with your local realtor to find the best loan program for your Orlando Home purchase. Take advantage of these mortgage rates now before it changes, contact us today by clicking on this link or filling out the form above!
BOSTON – Nov. 5, 2018 – Consumers should expect home sales to flatten and home prices to continue to increase, though at a slower pace, according to a residential housing and economic forecast session at the National Association of Realtors®‘ (NAR) 2018 Realtors® Conference & Expo.
NAR Chief Economist Lawrence Yun was joined by Lisa Sturtevant, president of Lisa Sturtevant & Associates, LLC, to discuss the importance of affordable housing in the U.S.
Much of Yun’s presentation focused on recent declines in home sales, but he discussed it in the context of long-term trends as a way to illustrate the housing market’s actual performance.
“Ninety percent of markets are experiencing price gains while very few are experiencing consistent price declines,” said Yun. “2017 was the best year for home sales in 10 years, and 2018 is only down 1.5 percent year to date. Statistically, it is a mild twinge in the data and a very mild adjustment compared to the long-term growth we’ve been experiencing over the past few years.”
Yun quickly shut down any speculation of a housing price bubble.
“The current market conditions are fundamentally different than what we were experiencing before the recession 10 years ago,” said Yun. “Most states are reporting stable or strong market conditions, housing starts are under-producing instead of over-producing, and we are seeing historically low foreclosure levels, indicating that people are living within their means and not purchasing homes they cannot afford. This is a stronger, more stable market compared to the loosely regulated market leading up to the bust.”
Housing affordability While the U.S. is experiencing historically normal levels of affordability, potential buyers may be staying out of the market because of perceived problems with affordability.
“NAR research shows that a lower percentage of consumers think that now is a good time to buy, while more are indicating that it is a good time to sell,” said Yun. “Problems could arise if the market is flooded with too many sellers and not enough buyers. Fortunately, that does not appear to be the case, as indicated by months’ supply of inventory at below five months.”
Sturtevant discussed the importance of homeownership on a social level – how homeowners’ physical and mental health tends to be better than non-owners, and owners have greater opportunity for economic self-sufficiency. Additionally, communities with more homeowners tend to be more economically prosperous and better able to attract and retain workers.
“I am a researcher, not an advocate; but the results of my research have compelled me to see the importance of affordable, stable housing and the positive economic impact to local communities,” said Sturtevant.
2019 forecast Looking to next year, Yun said, “The forecast for home sales will be very boring – meaning stable.”
With a few months of data remaining in 2018, Yun estimates that existing-home sales will finish this year at a pace of 5.345 million – a decrease from 2017 (5.51 million). In 2019, sales are forecasted to increase to 5.4 million, a 1 percent increase.
The national median existing-home price is expected to rise to around $266,800 in 2019 – up 3.1 percent from 2018 this year and $274,000 in 2020.
“Home price appreciation will slow down – the days of easy price gains are coming to an end – but prices will continue to rise,” Yun said.
All of Yun’s forecasts, however, are dependent on higher levels of home production.
“All indications are that we have a housing shortage,” said Yun. “If you look at population growth and job growth, it is clear that we are not producing enough houses. This is often a local issue, not a national one, so NAR has created a website where local associations and Realtors can go for information on how to advocate for increased supply in their communities.”
Yun noted that the overall health of the U.S. economy is “good.” He said that the U.S. has low unemployment, record high job openings, historically low jobless claims, job additions for eight straight years and wages are beginning to increase.
“This type of activity in the economy should support the housing market, even as interest rates rise,” said Yun.
JUST SOLD!! Orlando Retirement Home in Polo Park West
108 Belle Isle Ct
Orlando Retirement Home JUST SOLD – Looking for the ideal location within this desirable community? Then you are looking at the right place. Minutes from the grocery store and Hwy 192 with its abundance of restaurants and stores. This well maintained 3/2 manufactured home is what you are looking for. Located a short distance from both clubhouses and community amenities. This home will suit someone looking for a second home, investment or family home. This nicely maintained property has lots to offer its new owner. Beautiful laminated flooring in the main living area, large kitchen with an abundance of kitchen cabinets and counter space. Adjoining the kitchen is a small dinette and laundry closet. The Florida room is accessed via the kitchen/dinette area. The master bedroom is well proportioned, and the closet space extends along the back wall. Double doors provide access into the master bathroom with garden tub and walk-in shower. The guest bathrooms are on the opposite side of the great room along with the family bathroom. The A/C and roof have both been replaced in the last 10 years. This desirable golf community offers lots of activities and amenities for the home owner. Enjoy the Florida lifestyle.
Orlando Vacation Villa For Sale in Tuscany at Westside
2837 Roccella Ct
This beautiful 4-bedroom, 3-bathroom home is located in the popular community of Tuscany at Westside. Located close to 192 and major highways, this home puts you in close proximity to Disney’s Main gates, Orlando’s most famous attractions and Florida’s famous beaches. Whether your purchase is for primary residence or investment this home will surely fit your family’s needs. As you enter the home you are greeted with an open living space to enjoy all of your guests in one room! The breakfast bar in the kitchen offers some additional spaces to serve up a delicious breakfast to start the day. The home features two master suites with their very own en-suites. The queen room and twin room share a Jack and Jill bathroom. From the living room, sliding glass doors lead you outside to the pool deck to indulge in some Florida Sunshine. With no rear neighbors, this patio/pool deck offers an abundance of privacy with lush conservation behind. Do not miss your chance to schedule a private tour of this home. Active vacation rental, bookings to convey.
