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Still underwater on your home? See where you stand

from   Cindy Barth ,  Editor,  Orlando Business Journal In the Orlando-Kissimmee-Sanford metro area, 78,948 — or 17 percent, of all residential properties with a mortgage — were in negative equity as of first-quarter 2016 compared with 109,875 — or 23.6 percent — in the year-ago period, a new report from  CoreLogic  shows. An additional 13,346 properties, or 2.9 percent, were in near-negative equity for first-quarter 2016 compared with 15,075, or 3.2 percent, in first-quarter 2015. Enlarge In the Orlando-Kissimmee-Sanford metro area, 78,948 — or 17 percent, of all residential…  more DIGTIALSTORM Negative equity, often referred to as underwater or upside down, applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or a combination of both. Nationwide, the total number of mortgaged residential properties with negativ...

Will you be watching?

‘Undercover Boss’ goes undercover in real estate The CEO of United Real Estate Group, Dan Duffy, goes incognito by Bernice Ross May 16, 2016 AddThis Sharing Buttons Key Takeaways There isn't much of a place in the TV landscape for the truth about real estate. "Undercover Boss" will have its first real estate boss this week. The show granted Dan Duffy, the CEO of United Real Estate Group, the opportunity to really see what goes on in his business. For decades real estate professionals have been the butt of jokes, satires and the sometimes stars on reality television shows that do more to demean the business than to provide an accurate picture of the hard working professionals and the excellent service they provide. On May 20, 2016, “ Undercover Boss ” will air the first in-depth look at what the day-to-day real estate business is really like. The program showcases real estate professionals and illustrates the commitment and ded...

Yup. We Be Booming

  Construction jobs in the Orlando-Kissimmee-Sanford metropolitan area grew at one of the fastest rates in the country from March 2015 to March 2016, according to a report from  Associated General Contractors of America .  When ranked by percentage growth, the metro region ranked No. 20 out of 358. When ranked by number of jobs added, however, the metro area was the fourth-highest with a one-year addition of 8,300 jobs. This brought total construction employment from 58,000 in 2015 to 66,300 in 2016. Presented  by Dawn Deegan, Broker/Owner of Make A Brilliant Move Realty. Dawn holds the designations of ABR (Accredited Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate Realtor® Institute), Short Sale Foreclosure Resource (SFR), and is a Certified Negotiation Expert (CNE). She is Quality Service Certified (QSC), holds the Transnational Referral Certification (TRC), and is Gold Key Certified. Dawn is devoted to providing only the best p...

Should you avoid moving close to one of these "features?" Buyer Beware.

The following neighborhood features emerged as the ones that could potentially drag down home values by the greatest amounts:  1.       Bad school: -22.2% (translation: home owners near a bad school received 22.2 percent less than an average home in the same county could get) 2.     Strip club: -14.7% 3.     High renter concentration: -13.8% 4.     Homeless shelter: -12.7% 5.      Cemetery: -12.3% 6.     Funeral home: -6.5% 7.      Power plant: -5.3% 8.     Shooting range: -3.7% 9.     Hospital: -3.2% Source: “ The Neighborhood Features That Drag Down Your Home Value – Ranked ,” realtor.com® (March 28, 2016) Presented by Dawn Deegan, Broker/Owner of Make A Brilliant Move Realty. Dawn holds the designations of ABR (Accredited Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate ...

The salary you have to earn to buy a home in 19 major US cities

http://www.businessinsider.com/salary-to-buy-a-home-2016-3?om_rid=AAEnBw&om_mid=_BW3y9EB9Lit8VJ&om_ntype=SFRMonthly   Presented by Dawn Deegan, Broker/Owner of Make A Brilliant Move Realty. Dawn holds the designations of ABR (Accredited Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate Realtor® Institute), Short Sale Foreclosure Resource (SFR), and is a Certified Negotiation Expert (CNE). She is Quality Service Certified (QSC), holds the Transnational Referral Certification (TRC), and is Gold Key Certified. Dawn is devoted to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This area includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Dawn’s emphasis is on thorough market knowledge, communications, and transactional expertise, resulting in a quality experience for the Buyer or Seller of Real Estate. Contact Dawn Deegan at 407 488...

Orlando one of winter's hottest housing markets

Among the 50 largest U.S. markets, the top five hottest single-family markets this winter were Seattle, Fort Lauderdale, Orlando, Portland and Las Vegas, new data from Ten-X shows. These markets had the best combination of rising home prices, favorable affordability and strong housing demand, combined with strong economic and demographic conditions that point to future demand. Ten-X noted that Seattle and Portland continue to enjoy robust economic and demographic growth driven by the tech sector, with housing fundamentals in these markets now eclipsing pre-recession peaks. Fort Lauderdale and Orlando represent the strength seen throughout most Florida markets following their acute recessionary decline. Florida and Las Vegas, markets that had previously been poster children for the housing bust, are now boosted by revitalized local economies and population growth driving market demand. From Orlando Business Journal Presented by Dawn Deegan, Broker/Owner of Make A Brilliant Mov...
This weekend, I had the pleasure of attending the Grand Opening of the Greensteins' Great Escape Lakeside Retreat. A 12 bedroom / 10  1/2  bath home, situated on ten acres of glorious lakefront property, the Escape is not only a beautiful home of first class materials, but it is also a fantasy wonderland for children of all ages!  Each room is done up in a different interactive GAME theme. For example, there is a Monopoly Room, a War Room, a Laser maze room (including a shower that seemingly emits glow-green water!), an 80s themed PacMan room, a karaoke bar and so much more. There is literally something for everyone. Andrew's 700,000 letter Word Search Puzzle invites you to embark on the task of finding at least some of the 70,000 words embedded here - this one is making the Guinness Book of World Records!  The retreat can sleep up to 45 and you will want for nothing while here.       If y...

Year End Pricing UP and Volume Stats UP

The Greater Orlando area finished off 2015 with an overall increase in price of 9% from last year, with each month showing an increase in price -- it never dipped!  For Single Family Homes alone, the increase was 11.45% in price.   The overall number of sales increased by almost 15.5%.   These are strong numbers by any measure.   When I add the increase in sales price from the year prior, it shows an 18.48% increase in price over two-years for all homes (this will be higher for Single Family Homes alone).    Ca-Ching If you'd like an up to date valuation on your property, please reach out to me: dawndeegan@gmail.com or 407-488-8074. Also, to read our full Board's market report, please visit: http://www.orlandorealtors.org/?page=Dec2015TalkingPoints Written by Dawn Deegan, Broker/Owner of Make A Brilliant Move Realty. Dawn holds the designations of ABR (Accredited Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate Rea...

COLOR OF THE YEAR?

Current Trend:  According to Benjamin Moore, for 2016 the Color of the year is Simply White .   Does it work for you?! Written by Dawn Deegan, Broker/Owner of Make A Brilliant Move Realty. Dawn holds the designations of ABR (Accredited Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate Realtor® Institute), Short Sale Foreclosure Resource (SFR), and is a Certified Negotiation Expert (CNE). She is Quality Service Certified (QSC), holds the Transnational Referral Certification (TRC), and is Gold Key Certified.   Dawn is devoted to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This area includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Dawn’s emphasis is on thorough market knowledge, communications, and transactional expertise, resulting in a quality experience for the Buyer or Seller of Real Estate.   Contact Dawn De...

Jewel Box Homes, Lake Nona

Laureate Park in Lake Nona will begin to sell 40 Jewel Box Houses as part of its Phase 7 Development.  A Jewel Box Home, a term Frank Lloyd Wright used, has been reemerging over the past few years, as part of the trend for scaled down homes.  Generally less than 2500 sq ft, energy efficient, garage in back, on a small lot are characteristics that can be found in a Jewel Box Home.  They are also built using top grade materials and finishes! And in Lake Nona, they will mostly be 2-story homes. When you think of a Jewel Box home, think of comfort-livability, sustainable materials, long term living - a home that will conform with your potential life style changes. If you'd like more information on the Lake Nona homes, please contact me immediately! Dawn Deegan 407-488-8074 Written by  Dawn Deegan, Broker / Owner REALTOR ® Make A Brilliant Move Realty     www.MakeABrilliantMove.com Dawn holds the designations of ABR (Accredited Buyer Representative), ...