Orlando No. 7 in 2009 foreclosures - Orlando Business Journal:

Orlando No. 7 in 2009 foreclosures - Orlando Business Journal:

Oh my goodness it's going to get a lot worse!!! AHHH! In the end this is where most if not all inventory is coming from right now. It doesn't matter, at least that much, where the inventory comes from. It does matter to the price because with short sales and foreclosures the banks are setting the price. The good part about that is that banks can wait longer to sell therefore demand a price. There's the bailout money at work, since the American tax payer are the deep pockets of the banks. The inventory (defined as homes listed for sale) has been steadily declining for a year now. Some talk about a shadow inventory and maybe there's some credence to that but there's no real data to back that up.


http://www.bizjournals.com/orlando/stories/2010/01/25/daily5.html

Wish my house was down 7%, that begs the question is down 7% the new up?

http://www.bizjournals.com/orlando/stories/2010/01/25/daily7.html

The amount of increase in the condos was surprising for me. But if you look back to other times when a burst of value occurred the center of the city is the first to show signs of life. My data for this was the Bank of Japan publication regarding the asset bubble burst in Japan in the 80's.

http://www.bizjournals.com/orlando/stories/2010/01/25/daily37.html

This type of article is fear mongering. There's no real data just speculation, some people say this is going to happen... other people say this... and here's some data that doesn't back up what I'm writing the article about.

As always if you need to contact me for Real Estate in the Greater Orlando Area:
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tewasko@watsonrealtycorp.com

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