FANNIE MAE'S RESPONSE TO COVID-19
In a statement released earlier today, Fannie Mae stated that they continue to be fully operational and will continue to provide liquidity to the market to minimize risk.
Full Statement Below:

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!


Tracking The Storm
NOAA National Hurricane Center
Orlando Sentinel Hurricane Center
Florida Realtors® Essential Guide to Hurricane Preparedness
National Association of REALTORS® House Logic Emergency Survival Kit Guide
Federal Emergency Management Agency
Florida Realtors® Disaster Relief Fund
Federal Emergency Management Agency

To help off set the cost of school supplies Florida designates a tax holiday period. This year, from August 2nd thru August 6th, you can purchase all your back-to-school supplies without paying the state sales tax.
During the sales tax holiday period the following are exempt:
This sales tax holiday does not apply to:
Click Here For A Complete List Of Items
Or
List Of Frequently Asked Questions For The Sales Tax Holiday
Seminole County Pulbic Schools Elementary Supply List
Orange County Public Schools Elementary Supply List
Saturday, August 3, 10am – 2pm
Orlando Fashion Square Mall
This free event supplies many of the items and services you need to get ready for another year including free back packs, dental & health screenings, haircuts and school supplies.
Saturday, August 3, 10am – 3pm
Seminole Towne Center
Free event while you shop during the tax-free weekend. Enjoy games and fun activities for the kids. Special visitors include representatives from Orlando Magic, Orlando City, and animals from the Central Florida Zoo.
Saturday, August 3, 10am – 4pm
Oviedo Mall
Saturday, August 3, 10am – noon
Avalon Park Foundation
Free backpacks and supplies will be distributed to the community.
Back to School Expo Community Expo
Saturday, August 10, 10am – 2pm
Florida Technical College
Free event featuring live music, fun activities, free medical check-ups, and free backpacks (limited quantities).
Saturday, August 17, 10am – 5pm
Orange County Convention Center
$6 tickets for a full-day of indoor fun discovering family-friendly products, vendors, and entertainment.
Additional Fuctions And Free Back To School Events Click Here
Orlando home sales took a tiny tumble in June, slipping 2% compared to June 2018 during what is traditionally near the peak of our homebuying season.
“We are expecting June’s sales decline to reverse itself in the coming months as families seek to close on their new homes before the start of the school year,” says ORRA President Jeffrey M. Fagan. “In addition, we anticipate an eagerness to take advantage of favorable conditions such as small-but-steady increases in the inventory of homes available for purchase in the Orlando area and falling mortgage rates.”
According to the latest monthly report from ORRA, Orlando area homebuyers secured an average interest rate of 3.93% in June. That’s down from 4.15% in May and a high this year in February of 4.34%.
ORRA members were involved in 3,399 property transactions during June. Sales of townhomes dropped by a whopping 22%, which was enough to drag the overall sales comparison down by 2 percent. Sales of single-family homes actually improved by about half a percent over last year, while condos rose by more than 3 percent.
Speaking of condos, this home type is leading Orlando’s eight-month string of inventory increases. The number of condos available for purchase in June expanded by 24%, to 1,135. Single-family homes had 5% more availability than in June 2018, bringing our overall inventory up by 7 percent.
Despite inventory gains, Orlando is still clearly a seller’s market as it has only 2.37 months of supply (six months is considered by economists to indicate a market that is balanced between buyers and sellers). However, the balance shifts when you consider price categories for single-family homes, with the lower price categories firmly favoring sellers and the higher price categories ($700,000 and above) favoring buyers. Those in the market for a home priced between $2 million and $5 million currently enjoy 26 months of supply. FYI, there is a 15-month supply of home priced above $5 million.
ORRA’s report also shows that the overall median price is securely back its years-long upward track. After a brief derailment into the red in April, the Orlando median price — the figure at which half of the homes sold for more and half sold for less — rose 5 percent in June to $250,000.
June Market Indicator Comparison

Single-family Home Update
Single-family home sales bumped up 0.5% in June, with 2,685 units sold throughout the Orlando area versus 2,673 a year earlier. Compared to last month, single-family sales are down 11 percent.
The median price for single-family homes increased by 3% to $270,000 in June. The inventory of this home type improved by 5% over June 2018, and there are currently 6,289 single-family homes available for purchase through the multiple listing service.
Condo Update
Condo sales are up by 3% (406); condo inventory is up by 24% (1,135), and condo median price is up by 7% ($134,350,500).
MSA Numbers
Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in June were down by 2.7% when compared to June of 2018. To date, sales are down 6.9%.
Each individual county’s sales comparisons are as follows:
*Lake: 8.3% above June 2018;
*Orange: 2.8% below June 2018;
*Osceola: 8.5% below June 2018; and
*Seminole: 5.9% below June 2018.
This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.
ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively - located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.
Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.Orlando Area Market 10-year History (Orlando 10-Year History) (link to pdf) interest rate, sales, median price, average price, list/sell difference, pending, days on market, inventory, and months of supply for each of the last 10 years.

This 4th of July, families and friends can enjoy one of Orlando’s most magnificent fireworks displays.
The night sky will light up with fireworks, pyrotechnics and lasers during a one-of-a-kind, patriotic finale to “Ignite,” SeaWorld’s new end-of-day spectacle.
Fireworks are included with park admission and can best be viewed from Bayside Stadium.
New Active Listings:
Saved Search: Seminole High School - 53 new properties
Saved Search: Oviedo High School - 12 new properties
Saved Search: Lyman High School - 37 new properties
Saved Search: Lake Mary High School - 30 new properties
Saved Search: Lake Howell High School - 34 new properties
Saved Search: lake brantley high school - 24 new properties
Saved Search: Hagerty High School - 18 new properties
Saved Search: Volusia County All Condos For Sale | Newest Search - 20 new properties
Saved Search: Volusia County Map Search | Newest Listings - 208 new properties
Saved Search: Volusia County All Homes For Sale | Newest Search - 188 new properties
Saved Search: Volusia County All Townhomes For Sale | Newest Search - 3 new properties
Saved Search: Deltona Map Search - 65 new properties
Saved Search: Deltona All Condos Search - 1 new property
Saved Search: Condo in Altamonte Springs Under $150,000 - 8 new properties
Price Changes:
Saved Search: Seminole High School - 40 price changes
Saved Search: Oviedo High School - 14 price changes
Saved Search: Lyman High School - 26 price changes
Saved Search: Lake Mary High School - 14 price changes
Saved Search: Lake Howell High School - 26 price changes
Saved Search: lake brantley high school - 21 price changes
Saved Search: Hagerty High School - 13 price changes
Saved Search: Volusia County All Condos For Sale | Newest Search - 21 price changes
Saved Search: Volusia County Map Search | Newest Listings - 158 price changes
Saved Search: Volusia County All Homes For Sale | Newest Search - 137 price changes
Saved Search: Volusia County All Townhomes For Sale | Newest Search - 2 price changes
Saved Search: Deltona Map Search - 45 price changes
Saved Search: Deltona All Condos Search - 1 price change
Saved Search: Condo in Altamonte Springs Under $150,000 - 6 price changes
Under Contract Listings:
Saved Search: Seminole High School - 36 new under contract properties
Saved Search: Oviedo High School - 19 new under contract properties
Saved Search: Lyman High School - 35 new under contract properties
Saved Search: Lake Mary High School - 19 new under contract properties
Saved Search: Lake Howell High School - 29 new under contract properties
Saved Search: lake brantley high school - 17 new under contract properties
Saved Search: Hagerty High School - 7 new under contract properties
Saved Search: Volusia County All Condos For Sale | Newest Search - 7 new under contract properties
Saved Search: Volusia County Map Search | Newest Listings - 147 new under contract properties
Saved Search: Volusia County All Homes For Sale | Newest Search - 140 new under contract properties
Saved Search: Deltona Map Search - 49 new under contract properties
Saved Search: Deltona All Condos Search - 1 new under contract property
Saved Search: Condo in Altamonte Springs Under $150,000 - 14 new under contract properties
Sold Listings:
Saved Search: Seminole High School - 33 new sold properties
Saved Search: Oviedo High School - 14 new sold properties
Saved Search: Lyman High School - 16 new sold properties
Saved Search: Lake Mary High School - 17 new sold properties
Saved Search: Lake Howell High School - 23 new sold properties
Saved Search: lake brantley high school - 20 new sold properties
Saved Search: Hagerty High School - 9 new sold properties
Saved Search: Volusia County All Condos For Sale | Newest Search - 11 new sold properties
Saved Search: Volusia County Map Search | Newest Listings - 130 new sold properties
Saved Search: Volusia County All Homes For Sale | Newest Search - 119 new sold properties
Saved Search: Volusia County All Townhomes For Sale | Newest Search - 3 new sold properties
Saved Search: Deltona Map Search - 39 new sold properties
Saved Search: Deltona All Condos Search - 2 new sold properties
Saved Search: Condo in Altamonte Springs Under $150,000 - 7 new sold properties




ST. Luke's Lutheran Church Easter Eggstravaganza | Sunday, April 14th




In a recent article from © 2019 The Seattle Times, Mike Rosenberg. Distributed by Tribune Content Agency, LLC., they discuss how the inaccuracy of Zestimate is forcing Zillow to rebuild its system.
Sometimes Zillow is really off – the median error rate of 4.5 percent nationally means half of home values are wrong by more than 4.5 percent.
Click to read full article:

Mortgage rates may not be quite as low as they were on January 31st, but they nonetheless managed to end at the lowest levels of this week. Unlike January 31st, we can still say we're at the lowest levels in more than a year (yesterday was the first official day for that distinction).
Read The Full Article:
Mortgage Rates End Week at Lows
Today's Most Prevalent Rates
