Orlando Area Real Estate News

Archive for October, 2009

Economic forecasters predict that 2010 will be the first year since 2005 for housing to contribute to the growth of the U.S. economy, according to a survey released by the National Association for Business Economics.

Home prices are expected to rise 2 percent next year, but forecasters don’t believe the increase in prices will discourage homebuyers.

More than 80 percent of economists surveyed by the NABE think the recession is over and recovery has begun, but they expect the expansion to be slow because unemployment persists.

Source: Associated Press, Mae Anderson (10/12/2009)

New Home Builders are providing great incentives on new construction. Almost all home building companies provide a 10 year structural warranty. There is also a one to two year warranty on mechanicals.

If you are a first time home buyer you may want to consider your options when looking to purchase a home. There is room to negotiate on new construction as well as on existing home sales.

Contact our office for assistance in your home purchase. Many of our agents have worked for builders and or have a strong contruction background. We have the skills to assist you in negotiations.