Orlando Real Estate News
Orlando
Percentage of All Cash Buyers Declined in America in Late 2022
National property broker Redfin is reporting roughly one-third (31.2%) of U.S. home purchases were paid for with all cash in December 2022. That's up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November 2022.
Orlando Area Home Sales Drop to Lowest Levels 14 Years in January
According to new data from the Orlando Regional Realtor Association, overall home sales fell 24.9% from December 2022 to January 2023. There were 1,674 sales in January and 2,230 sales in December. This is the lowest number of monthly home sales since February 2009.
U.S. Builder Confidence Becomes Cautiously Optimistic in February
According to the National Association of Home Builders, two consecutive solid monthly gains for U.S. builder confidence, spurred in part by easing mortgage rates, signal that the housing market may be turning a corner even as builders continue to contend with high construction costs and building material supply chain logjams.
U.S. Mortgage Rates Begin to Rise, Again
After falling for five straight weeks, U.S. mortgage rates jumped last week, triggering a decline in U.S. mortgage demand. Total mortgage application volume fell 7.7% last week.
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