Virtual 4th of July Celebration!

July 4, 2020

Many (most) of the 4th of July Celebrations have been canceled this year, however you can still enjoy. Below are links to videos from Celebration News.

Click HERE for Parade Highlights from last year!

Click HERE for Fireworks Highlights from last year!


Celebration Real Estate Totals – June 2020

July 4, 2020

Imagination Realty is pleased to provide the Celebration Real Estate Sales Totals June 2020.

Please click the two links below to review the SOLD/CLOSED Single Family and
Multifamily (condos, townhouses, villas) properties in Celebration as reported on the MLS.

Click the link below to see details of the 17 Single Family homes reported as SOLD/CLOSED.
https://stellar.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-516710265212&L=1
Click the link below to see details of the 20 Multi Family homes reported as SOLD/CLOSED.https://stellar.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-516710732324&L=1

Looking back – MLS Closed Statistics…
June 2019: 13 Single Family – 13 Multi Family
July 2019: 11 Single Family – 25 Multi Family
August 2019: 15 Single Family – 26 Multi Family
September 2019: 15 Single Family – 10 Multi Family
October 2019: 9 Single Family – 17 Multi Family
November 2019: 4 Single Family – 15 Multi Family
December 2019: 11 Single Family – 23 Multi Family
January 2020: 13 Single Family – 7 Multi Family
February 2020: 9 Single Family – 17 Multi Family
March 2020: 15 Single Family – 15 Multi Family
April 2020: 8 Single Family – 13 Multi Family
May 2020: 7 Single Family – 13 Multi Family
June 2020: 17 Single Family – 20 Multi Family

If you would like to research other parameters (time periods, specific price ranges, other areas),
please visit our website at https://www.imaginationrealty.net.

Courtesy of Imagination Realty
Kathleen Carlson, Owner/Broker
617 Celebration Ave.
321-939-1300
Direct # 407-361-7653
KCarlson@ImaginationRealty.net


Just Another Day in Celebration~Ville!

June 30, 2020

How are things going in your location? We’d love to hear from you!

Things are happening in Celebration – a little at a time!

Click HERE to see details!


Pending Home Sales Soar 44.3% in May per NAR

June 30, 2020
The increase broke all records since NAR started tracking the sales. At May’s 99.6, the pending sales level was about equal to those in 2001. NAR’s economist calls it a “spectacular recovery for contract signings” and shows “the resiliency of American consumers.”

WASHINGTON – Pending home sales mounted a record comeback in May, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic, according to the National Association of Realtors® (NAR). Every major region recorded an increase in month-over-month pending home sales transactions – and the South also experienced a year-over-year increase in pending transactions.

The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – rose 44.3% to 99.6 in May, chronicling the highest month-over-month gain in the index since NAR started the series in January 2001.

While the increase broke records, however, year-over-year, contract signings fell a slight 5.1%. An index of 100 is equal to the level of contract activity in 2001.

“This has been a spectacular recovery for contract signings, and goes to show the resiliency of American consumers and their evergreen desire for homeownership,” says Lawrence Yun, NAR’s chief economist. “This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.”

“More listings are continuously appearing as the economy reopens, helping with inventory choices,” Yun says. “Still, more home construction is needed to counter the persistent underproduction of homes over the past decade.”

According to data from realtor.com, active listings were up by more than 10% in May compared to April in several metro areas.

“The outlook has significantly improved, as new home sales are expected to be higher this year than last, and annual existing-home sales are now projected to be down by less than 10% – even after missing the spring buying season due to the pandemic lockdown,” Yun says.

NAR now expects existing-home sales to reach 4.93 million units in 2020 and new home sales to hit 690,000.

“All figures light up in 2021 with positive GDP, employment, housing starts and home sales.” Yun says that in 2021, sales are forecast to rise to 5.35 million units for existing homes and 800,000 for new homes.

The month of May saw each of the four regional indices rise on a month-over-month basis after all were down in April 2020. The Northeast PHSI grew 44.4% to 61.5 in May, although it was still down 33.2% year-to-year. In the Midwest, the index rose 37.2% to 98.8, down 1.4% from May 2019.

Pending home sales in the South increased 43.3% to an index of 125.5 in May – a 1.9% increase year-to-year. The index in the West jumped 56.2% in May to 89.2, down 2.5% from a year ago.

By Kerry Smith

© 2020 Florida Realtors®


Just Another Day in Celebration~Ville!

June 23, 2020

Are you enjoying the amenities that are open in Celebration? Do you need a list of the times and guidelines to be followed?

Click HERE to access that information and more!


Just Another Day in Celebration~Ville!

June 16, 2020

Yes! Things are definitely opening in Celebration.

There’s a special “moving” concert planned this week!

Click HEREto get the details!


Kathy says “Stay Cool this Summer with this cool A/C advice”

June 12, 2020

Does your Air Conditioner use freon?

Here’s a very informative article if you have an older AC system! Hope it helps you stay cool!

Click HERE!


Just Another Day in Celebration~Ville!

June 9, 2020

Things are opening up more and more in Celebration!

Click the link below to see what’s taking place!

https://conta.cc/3f2krHm


Florida Moves a Step Closer to “Normal” under Phase 2 Reopening

June 4, 2020
Gov. DeSantis announced that Phase 2 of the state’s 3-step reopening plan will go into effect on Friday morning. It doesn’t change real estate services that were already deemed essential, but it could give hope to some buyers and sellers who pulled back during the pandemic.

ORLANDO, Fla. – Florida Gov. Ron DeSantis announced that Phase 2 of the state’s 3-step reopening plan will go into effect on Friday morning through Executive Order 20-139.

It doesn’t change real estate services that were already deemed essential, but it should give hope to some buyers and sellers who pulled back during the pandemic. The changes don’t apply to the South Florida counties of Miami-Dade, Broward and Palm Beach, but the order allows some businesses in the counties to reopen “after each county seeks approval with a written request from the County Mayor or if no mayor the County Administrator.”

Under the executive order, bars, movie theaters, bowling alleys and concert halls are allowed to reopen. Most have some type of maximum occupancy requirements, along with general instructions to “maintain social distancing and sanitation protocols.”

In announcing the onset of Phase 2, DeSantis also warned that COVID-19 still remains a threat, and that “the virus isn’t gone.”

By Kerry Smith

© 2020 Florida Realtors®


Buyer’s Aren’t Backing Down!

June 2, 2020

Call Imagination Realty today to list your home! Ask about our Special Incentive! 321-939-1300

Many buyers view the pandemic as an opportunity rather than challenge. Mortgage bankers say the number of mortgage applications and amount requested keeps going up.

NEW YORK – Homebuyers are entering the market at a much brisker pace than many economists forecasted.

Mortgage applications for home purchases continue to move upward, rising 9% last week compared to the previous week, the Mortgage Bankers Association (MBA) reports. It’s the sixth consecutive weekly gain for home purchase applications and a 54% increase since early April.

“The home purchase market continued its path to recovery as various states reopen, leading more homebuyers to resume their home search,” says Joel Kan, the MBA’s economist. “Additionally, the purchase loan amount has increased steadily in recent weeks and is now at its highest level since mid-March.”

Housing demand was strong at the start of the year but significantly declined as the COVID-19 pandemic set in.

Economists have also noticed the sudden uptick as buyers re-enter the market. The Commerce Department reported this week that newly built single-family homes saw an increase of nearly 1% in April. Inventory shortages in the existing-home market are prompting more buyers to new homes, analysts speculate.

Further, home prices continue to hold strong due to a lack of housing inventory on the market.

Buyers could be drawn to today’s record low mortgage rates. The average contract interest rate on a 30-year fixed-rate mortgage was 3.42% last week, the MBA reports. However, buyers’ pent-up demand was strong before the pandemic hit, and some buyers frustrated by the lack of homes may be viewing the current slowdown as an opportunity rather than a challenge.

“The low mortgage rates, without a doubt, are helping to entice buyers back into the market,” says Lawrence Yun, chief economist of the National Association of Realtors®. “Real estate may be viewed as a safe asset in the upcoming years.”

The dollar amount of mortgages also continues to rise. The average loan size was about $340,200 for the week ending May 22, up from a $315,300 low set during the week ending April 3, MBA reports.

Meanwhile, refinance applications have not been performing quite as strongly as purchase applications. Refinance applications dropped 0.2% last week. Still, refinance applications are up 176% over a year ago as mortgage rates hit record lows.

Source: “Mortgage Demand From Homebuyers Shows Unexpectedly Strong and Quick Recovery, as Applications Spike 9% From a Year Ago,” CNBC (May 27, 2020) and “The Summer Home-Buying Season May Be Much Hotter Than Expected – Here’s Why,” realtor.com(R) (May 27, 2020)

© Copyright 2020 INFORMATION INC., Bethesda, MD