State of the Market: June 2020

Ben Great Orlando News, Real Estate News, State of the Market Leave a Comment

MLS Data Indicates a Solid Recovery in the Housing Market New listings are gaining ground, as MLS data reports show a healthy increase in the market within the Stellar coverage area over the past four out of five weeks. Stellar has partnered with our vendors to bring you timely solutions to keep your deals moving if you still have buyers …

What You Need to Know about Mortgage Forbearance

Ben Mortgages, Real Estate News Leave a Comment

Recent data shows that there are nearly 3.5 million borrowers already in forbearance as the coronavirus shutdown continues to impact the economy.  And with that figure seemingly growing by tens of thousands of borrowers every day, the issue of what happens to those borrowers when their forbearance period ends is becoming a big problem.  Borrowers in forbearance will have to …

Orlando Sales and Median Price Record Increases as Housing Market Awaits Impact from COVID-19

Ben Housing Market, Orlando Homes, Real Estate News Leave a Comment

Orlando’s housing market in March saw its home sales improve by nearly 2% compared to March 2019, while the median price increased by 8%.  Inventory experienced a year-over-year decline of 10%. Experts point out that we will have to wait another month to see solid evidence of the influence of the COVID-10 pandemic in Orlando’s home sales statistics.  Because of …