According to a recent report from the Orlando Regional Realtor Association, the real estate market in Central Florida showed an upswing in 2014, and the forecast for 2015 is progressively positive. Inventory of new and pre-owned homes increased with buyers able to peruse through 35% more homes than in previous years. Although the market is still considered a sellers’ market, when both prospective buyers and sellers are excited about future sales, 2015 promises a banner year in real estate. Orlando title insurance company RECSFL is looking forward to helping all involved in the real estate transaction process.

  • Another Month With Growth: Median sales prices rose 7.5% from last year for Orlando area homes. Investors should note that this was the 39th consecutive month for appreciating home values.
  • New Home Construction: Jonathon Smoke, Realtor.com’s chief economist, predicts a buyers’ market for first-time homeowners with new home production rising an astonishing 25%. New land use means more tax dollars generated for the cities where the homes are built; in turn, the infrastructure improves and home values escalate again.
  • Distressed Properties: Investors seeking out distressed homes do not have the huge influx of homes as they did in recent years, but for those investors who know where to look, “as-is” homes are still available and the amount of earnings they can generate is substantial.
  • Home Values Still Rising: Home values are anticipated to consistently and steadily increase. Trulia, an Internet residential real estate site, surveyed 2000  in the Orlando area and 36% believe 2015 will be a more favorable year than 2014 to sell a home.
  • Technology Helps: Technology in 2015 will involve online home tours, broadcasts from droids to showcase properties and homes, and updated real estate websites to highlight local properties to prospective investors, buyers, and sellers.

Keep abreast of the latest trends and ideas in real estate by browsing our website or contact one of our Orlando title insurance company experts at 407 615-8550 to hear how Real Estate Closing Solutions can assist with all lender, consumer, builder, and Realtor services.