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A Real DEBATE Has Nothing to do with Elections!

The most important period of a real estate deal is decision time...and knowing if you found the HOME! Servicing the Doctor Phillips real...

Thursday, October 13, 2011

Orlando real estate hits a Milestone

It took almost 6 years to the day but Central Florida's inventory of available homes for sale fell below 10,000 listings. This number reflects homes for sale located in Orange, Seminole, Osceola, and Lake counties.

October 2007 was an all time high of 26,330 properties listed. The real estate market is still about supply and demand, available homes for sale compared to ready willing and able buyers. Basic economics is gradual decrease in price until value returns and that's exactly what's been happening.

With less bank owned properties available, Dr Phillips real estate has a reported 5 single family homes and 33 short sales listings on the market and the fact banks are loosening their strings on lending, this great news going forward into the 2012 real estate market.

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