Florida's existing home, condo sales up

ORLANDO, Fla. – April 20, 2011 – Florida’s existing home and existing condo sales rose in March, according to the latest housing data released by Florida Realtors®. Existing home sales increased 12 percent last month with a total of 18,522 homes sold statewide compared to 16,540 homes sold in March 2010, according to Florida Realtors. Statewide sales of existing condos last month rose 24 percent compared to the year-ago sales figure.


For the complete story go to: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=258940

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Home Sales as of July 2010

Sales of existing U.S. homes continued to fall in June, correcting itself after the recent end of the federal tax credit, according to the National Association of Realtors.

Total existing homes sales fell 5.1 percent to a seasonally adjusted annual pace of 5.37 million units, down from 5.66 million in May. Sales are up however, in a yearly comparison with a 9.8 increase over June 2009 figures.

"June home sales still reflect a tax credit impact with some sales not closed due to delays, which will show up in the next two months," said Lawrence Yun, NAR chief economist. "Broadly speaking, sales closed after the home buyer tax credit will be significantly lower compared to the credit-induced spring surge. Only when jobs are created at a sufficient pace will home sales return to sustainable healthy levels."

The national median price for existing homes increased again in June though, moving up to $183,700, up from $179,600 in May and up 1.0 percent over the price from the same time last year.

For the complete story, go to: http://www.realty10.com/default.asp.f-realestateabc.page-page2.shtml

House OKs extension of tax credit closing deadline

In a 409-5 vote, House lawmakers have passed a standalone bill that would extend for three months Wednesday's deadline for closing on a home purchase in order to claim the federal homebuyer tax credit.

The Senate could vote on the bill, HR 5623, as soon as tomorrow, although the death of Sen. Robert Byrd, D-W.Va., has slowed the pace of work in that chamber. Read full story here.

News story courtesy of Inman News

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Luxury Penthouse Condo For Sale in Altamonte Springs

Enjoy the best of both worlds - the advantages of a single family home and the simplicity of condo living. Live in this spacious 2,615 square foot penthouse condominium with all the amenities and an incredible view that creates its greatest value. You will want to witness dawn with a cup of coffee and dusk with a glass of wine on the oversized, covered balcony that overlooks Lake Lotus and this pristine, nature preserve, Lake Lotus Park. The spacious master suite with walk-in dressing area also offers this remarkable view. This home also boasts a well designed kitchen with center-island and stainless steel appliances, a family room with a custom built entertainment center, a formal living/dining room and an office/study with French doors. Providing a safe place for you and your loved ones, with an electronic access front gate, entrance to your building and each home has a fire sprinkler system. Unique to this secure luxury community that each unit has its own oversized two car garage with abundant storage and only two units on each floor which creates a sense of privacy. There are 54 units in this close-knit community. The club house with workout room, a pool table, kitchen and the pool area are perfect for hosting larger parties. Conveniently located within walking distance from Publix Super Market, 3 minutes from the Maitland Center and approximately 10 minutes from Winter Park and Altamonte Springs City Centers, this luxury unit is a must see!

See more at: http://realty10.com/default.asp?f=listing_details&listingid=206747&listingtype=1

Orlando Real Estate

Pending home sales on an upswing

Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring homebuying season, according to the National Association of Realtors® (NAR).

NAR's Pending Home Sales Index (PHSI) a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1 percent above March 2009 when it was 85.0; this follows an 8.3 percent increase in February. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Click to read the full story: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=239025

Orlando Real Estate

Families awarded $2.6M over Chinese drywall

A federal judge on Thursday awarded seven Virginia families $2.6 million in damages for homes ruined by sulfur-emitting drywall made in China, a decision that could affect how lawsuits by thousands of other U.S. homeowners are settled.

It remains to be seen how the plaintiffs can collect from Chinese companies that do not have to respond to U.S courts, although some have talked about getting orders to seize U.S.-bound ships and cargoes from the drywall companies.

Thousands of homeowners, mostly in Florida, Virginia, Mississippi, Alabama and Louisiana, have reported problems with the drywall, which was imported in large quantities during the housing boom and after a string of Gulf Coast hurricanes.

The drywall has been linked to corrosion of wiring, air conditioning units, computers, doorknobs and jewelry, along with possible health effects.

Read the full article at: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=237630

Luxury Golf Villa for Sale at Bella Collina

Enjoy panoramic views of Lake Siena, Lake Apopka, the Faldo Championship Golf Course and even Downtown Orlando from the hilltop of the exclusive gated community of Bella Collina. The luxurious golf front “Villa Arezzo” is located on the 18th fairway and is only a few steps from the stunning Tuscan design Clubhouse. This spectacular 4-level home is enriched with rustic, plank hardwood floors, warm tones and rich detailing; and includes: Main living area adorned with wood details, windows and breathtaking views. Gourmet equipped kitchen with stylish custom cabinetry, granite countertops, walk-in pantry and top-of-the-line appliances. Wine cove. Executive office for two. Master retreat on top floor with sitting area, fantastic views, morning kitchen, two private patios, exquisite master bath and large walk-in closet. 2 bedroom suites with full bathrooms. 2 half baths. 4-level elevator. Activity room. Fully equipped media room with built-in audio/video in the basement. Outdoor covered patio with fireplace. Landscaped terrace with water fountain. 2-car garage plus separate golf cart garage. Additional high quality features include: Wireless integrated systems. Generator system. Lutron lighting. Double pane Andersen windows and doors. Exterior doors with 3-point locking system. Solid concrete Tilt-Up walls. Automatic mosquito repellant system for porch and terrace. And much more!

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For more information or to schedule a showing please contact: Irma Yapor at 407-909-9200 or at irma@realty10.com.

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