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David Welch, MBA
Charles Rutenberg Realty
#OrlandoRealEstate
David Welch, REALTOR
#OrlandoRealEstate
David's real estate advice and opinions have been published in "Market Watch" part of the Wall Street Journal, "Inman News", Colorado Springs Business Journal, Orlando Business Journal, and Orlando Sentinel.
I thought carrots were good for your vision, but this one has me seeing double.
DavidWelch.com
David Welch - Homesnap The site for serious homebuyers. See every home for sale with our award-winning MLS-powered search.
Got this great offer from a 'real estate investor' in the mail today! I think I can do better.
Another happy customer and five star review. I would love to help you with your next move!
DavidWelch.com
Got to meet the 'Voice of UCF Football'. Marc Daniels is the best.
4743 Anson Ln 4743 Anson Ln, Orlando, FL 328143/3.5 townhouse in Baldwin ParkDavidWelch.com
Support the Children's Miracle Network by supporting Jen Schenk in the UCF dance marathon.
Jenna Schenk A fundraising page for Jenna Schenk
The last year has definitely been a transitional period in the market. Our inventory was just 2,313 properties for sale last February. That rose sharply to 7,197 in November, but has begun to decline the last two months to 6,115. Sales peaked last March at 4,100, then began a steady decline to just 1,674 last month. I do believe sales will be much better this month based on the number of homes that have closed so far. Year over year price appreciation hit a high of 26.7% in June of last year, dropping to just a 3.9% increase in January.
There will likely be more changes coming as the Federal Reserve has indicated that they may have to continue raising rates. This will definitely continue to put pressure on buyer affordability. Of course cash buyers are not affected by mortgage rates, and nearly one in three sales in the Orlando area was a cash sale in the fourth quarter of 2022.
If you are still paying mortgage insurance, you may want to read this. Depending on your situation, you may be able to drop this expense, and save yourself some money on your mortgage payment.
Time to Drop Your Mortgage Insurance Most people are trying to find ways to save money these days. One expense you may not have thought about is your mortgage insurance.
The latest market report for December 2022.
Orlando Real Estate December 2022 Since the Federal Reserve started raising rates last year, we have seen the inventory of available homes increase and sales decrease
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David Welch, Broker-Associate
David Welch, REALTOR
#OrlandoRealEstate
David's real estate advice and opinions have been published in "Market Watch" part of the Wall Street Journal, "Inman News", Business Week, Orlando Business Journal, and Orlando Sentinel. Orlando real estate is not my ‘side hustle’, it’s my only hustle. Contact me for your Orlando move. RealEstateOptimist.com
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1155 Louisiana Avenue #110
Winter Park, FL
32789
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