The Market Seems to be Making the Right Moves!

The Orlando Real Estate market is in the beginning stages of its long awaited turn for the better so says the ORRA (Orlando Regional Realtor Association). In their latest issue of ORRA News that say. “Orlando’s housing marketing upheld its annual tradition in February with a month-to-month increase that heralds the start of the spring selling season. The 922 sales that took place in February 2008 are a 13.4 percent increase over January 2008’s 813 sales; however, sales in February 2008 are down by 40.17 percent when compared to February 2007.” Although this is only a slight rise over the previous month, local economists look at this as a positive trend for the future. The two main reasons for these positive numbers are the available homes and affordable interest rates. Another key factor that will play into future sales is Freddie Mac’s decision to raise limits on FHA loans in the Central Florida region to $353,750 from the previous max of $257,450. This adds almost 5,000 more homes to the possible list of FHA buyers.
Mark Eller Broker/Owner announces other news at Amerivest Realty of Central Florida:
Mr. Bruce Tannenbaum has moved into his new position of Director of Operations for the company.
A couple of new faces around Amerivest Realty of Central Florida these days include:
Debra Fisher formerly with Keller Williams
Dyana Dumar formerly with Re-Max
Big News from our friends at Amerivest Realty, Naples: Mr. David Cole Amerivest Realty’s Director of Business Development was named NABOR (Naples Area Board of Realtors) agent of the year. David’s leadership within the real estate community for several years has earned him this most distinguished award. Congratulations David from all of us here in Central Florida.