Gay Realty Watch: Orlando, Florida

Orlando Gay Real EstateWe continue our look into local real estate markets with large gay and lesbian communities. Today, back t0 Florida, with One of the Happiest Places on Earth, Warm Winters, and lots of fun places to play:

Report: Home values sink 11.9% - The midpoint value of an Orlando home was $123,400 in the third quarter, a decline of 1.9 percent from the previous quarter and 11.9 percent lower than the same period a year ago, according to a report released Nov. 10 by  Florida Realtors reported Oct. 25 that the median home sales price for September was $128,400, an 11 percent drop from September 2009’s $144,100.

Osceola wants to wipe out graffiti on empty properties - sceola County is being marked by the foreclosure crisis in a very literal sense: Graffiti is sprouting on hundreds of empty homes and commercial buildings like weeds in a vacant field.

New homes edge up – even the 8-bedroom kind - An executive for Arizona-based Meritage Homes thought the caller inquiring about an Orlando-area model with eight bedrooms was confused. Eight bedrooms? Really? After all, new-home sizes have been shrinking nationwide, not growing, since the collapse of the housing boom several years ago. And Central Florida doesn’t instill big-home confidence, with foreclosures clogging local courts, home prices a shadow of their former selves, and one in every 10 adults without a job.

Panel: Foreign investors eye Orlando - With the weakening U.S. dollar, a depressed real estate market and a sea of distressed mortgage loans, Orlando is a prime target for foreign investment, according to a panel of financial and legal experts. “We’re seeing a lot of money flowing into the area,””said Larry Chastang, managing principal of international services at the accounting firm of LarsonAllen LLP, following the Orlando Business Journal’s international business power breakfast Nov. 5.

Florida Real Estate Prices On the Rise in Miami and Orlando? - As we all know, Florida has seen some of the most dramatic falls in real estate prices and the total number of homes sold since the housing market collapsed. Although things are bad in much of the state, it seems that the real estate market in Florida may be on the mend. Some of the most hard hit areas such as the Orlando, Miami, and Fort Myers areas have seen nice rebounds in the number of homes sold over the last several months, raising hope that prices will soon follow.

Read more: Panel: Foreign investors eye Orlando | Orlando Business Journal

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