100 is in balance, less than 100 is a market value decline forecast, more than 100 is a market value increase forecast. Orlando Florida Housing Market Sentiment Trend Index is updated on this site the 1st of each new month. Make this site a favorite and visit often for the latest opinion in the Orlando housig market.
Current market conditions
The market is currently in the process of tipping in favor of buyers. We think the foreclosures peak will be the end of 2008 and this will be when bargains galore emerge.
Forecast conditions
The market will get worse, much worse as most adjustable rates have not yet kicked in and reset upwards.
Lending conditions
Are getting tighter. Many lenders will no longer lend in Florida unless the borrowers are significantly qualified. This will push demand down and prices with it.
When to buy
Possibly wait till the end of 2008. Why not rent a house, there are thousands for rent. You can get a $300K house for as little as $1400 a month. This is much cheaper than owning as a typical mortgage with taxes and insurance would be closer to $3000 a month as an owner.
Source : http://orlandorealestatetrends.wordpress.com/
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