Monday, October 31, 2005

Orlando Ranks 4th Nationally at 36.5% Appreciation

Orlando Ranks 4th Nationally for Home Price Growth at 36.5%

BuyVacationCondos.com

Source: New York (CNN/Money) - Single home price growth over the 12 months ending June 30 was the strongest in history, acording to the National Association of Realtors.

Orlando, FL 36.5% at a Median Price of $232,200.00

Wednesday, October 19, 2005

Orlando Home Prices Expected Healty Gains

NAR: Orlando home Prices
expected to see healthy Gains

Source 2005 American City Business Journals Inc. 10-6-2005

A recent released report by the National Association of Realtors indicates home prices will continue to appreciate at a healty rate in the Orlando area.

In fact, according to the study, the Orlando market is in excellent shape with a potential for significant housing equity gains, particularly home buyers who plan to remain in their houses for the long run.

"The local market is likely to appreciate at an above-normal rate because of the strong job growth and the steady rising number of retirees and foreign home buyers expected to purchase homes in Orlando in the coming years"
says Lydia Pisano, president of the Orlando Regional Realtor Association.

In addition, the median price of an existing home in the Orlando area has risen 73 percent over the last three years. There has been 102,000 new jobs created in the past five years, and 110,000 new family single-family homes have been constructed within that same time fram. These market fundimentals, combined with tight inventories of existing homes available for sale in Orlando, mean that there is solid demand from buyers in comparison with the supply of homes on the market.

In other words, the local housing market is on solid footing, notes Pisano.

Orlando Price Gains Expected LANDDepo BuyVacationCondos

Orlando Ranked 7th Fastest Growth Nationally

Orlando holds on to its ranking as the
7th-Fastest-growing area in the country

Source Orlando Sentinal
Joe Newman - Sentinel Staff Writer
9-7-2005

Olando remains one of the nation's fastest-growing metropolitan areas, better weathering the economic troubles that slowed growth in some other big cities, acording to a study released Tuesday the first four years of this decade. Orlando was the seventh-fasting-growing metro area in the country, the same rank it held through the 1990's.

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Sunday, October 09, 2005

Buy Real Estate in Your IRA

Buy Real Estate in Your IRA
Source Kelli L. (Realtor Magazine Online)

A little-known IRS provision lets you extend your real estate purchasing with tax-deferred dollars.

Are stock market woes preventing you from building wealth in your retirement account? If so, you might be interested in a small, but growing, trend amoung individual retirement account owners - investing their retirement funds in real estate.

How It works:
If the option of using tax-deferred funds to purchase property sounds appealing, you'll need to locate an independent IRA custodian that allows real estate investments and work with that company to set up an IRA account. Most banks and brokerage companies - the most common IRA account options - limit your choices to certificates of deposit, stocks, mutual funds, annuities, and similar financial instruments. But Section 408 of the internal Revenue Code permits individuals to purchase land, commercial property, condominiums, residential property, trust deeds, or real estate contracts with funds held in many forms of IRA's, including a traditional IRA, a Roth IRA, and a Simplified Employee Pension plan, or SEP-IRA.

To find out more click here>>> Real Estate IRA INFO