Nearly half a dozen construction projects are creating a downtown Orlando construction boom, according to Orlando Mayor Buddy Dyer. The projects are mostly residential, with 900 units being built over several projects. Commercial construction is ongoing too with both a hotel and office building planned for Orange Avenue north of Colonial Drive. Over the last
* In the past 15 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter. * Homeowner equity is a substantial component of homeowner wealth. The Federal Reserve’s Survey of Consumer Finances, conducted once every three years, provides a snapshot of
News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their control and also bring the agency’s policies in line with other federal agencies that backstop mortgages.
Have you heard of homebuyers having “sleepovers” at a potential new home? Would you take the opportunity to sleep in a strange home, if it meant that you could experience what living there would REALLY be like? It’s like not test driving a car before you buy it! I think we can all agree that having to