Celebration Art & Wine Stroll February 18th 2012

January 26, 2012

Wine and Art StrollSaturday, February 18; 5 pm – 9pm in Downtown Celebration. Come on down to Market Street to listen to live music, sip some wine, and stroll down the street looking at the 50 artists while they work on their art.

Please come and shop for original and creative pieces for your home or your friends and family!

Pending Home Sales Rise Again

January 26, 2012

Daily Real Estate News | Thursday, December 29, 2011

Pending home sales continued to gain in November 2011 and reached the highest level in 19 months, according to the National Association of REALTORS®.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November.

November is doing reasonably well in comparison with the past year. The sustained rise in contract activity suggests that closed existing-home sales, which are the important final economic impact figures, should continue to improve in the months ahead.

Some Good Signs for the Real Estate Market

January 26, 2012

Daily Real Estate News | Tuesday, December 27, 2011

Sales ticked up for existing homes and new homes, several real estate market indicators revealed last week, pointing to a housing market that may finally be entering recovery mode.

In the most recent report, the Census Bureau reported that the new-home market continued its rebound, with sales of new houses once again inching up last month. New-home sales rose 1.6 percent from October to November to an annualized rate of 315,000, and sales were up nearly 10 percent compared to November 2010.

Other recent good news for the housing market: November sales of existing homes increased 12 percent year-over-year, new-home building starts were up nearly 21 percent year-over-year, andmortgage rates reached new record lows last week, pushing housing affordability even higher.

Source: CNNMoney 

Florida Existing Home & Condo Sales Up In November 2011

January 26, 2012

ORLANDO, Fla. – The Florida existing home & condo sales continued its positive upswing in November, according to the latest housing data released by Florida Realtors. Existing home sales increased 11 percent last month.

“It is really clear that two things are happening in Florida real estate”, said Florida Realtors Chief Economist Dr. John Tuccillo. Sales are moving upward not by a large increase, but definitely, positively on an upward trend. Second, prices are stabilizing. Now, it doesn’t mean that prices have turned around but they are stabilizing, and that’s vital for the market to gain equilibrium.

The more important factor is that sales are increasing and in large part, that’s due to lenders becoming more educated on how to deal with distressed properties more effectively and in a more timely manner and that is helping the Florida real estate markets recover.

“In recent weeks, we have seen encouraging reports of job growth and improvements in the Florida economy”, said 2011 Florida Realtors President Patricia Fitzgerald, all positive signs for the housing recovery.

Source: 2011 Florida Realtors

Four Seasons breaks ground at Walt Disney World

January 26, 2012

A new resort will be coming to Walt Disney World in Orlando.

The Four Seasons Hotels and Resorts broke ground on its resort on Wednesday.

The $360 million resort will have more than 400 rooms.

According to the Orlando Business Journal, this project is expected to create 2,000 construction jobs and hundreds of resort positions when it opens in 2014.