RECENT BLOG POSTS
Months of falling sales of existing homes ... surging purchase mortgage applications.(1) People who borrow money to buy a house are out there trying to buy(2) Market participants that do not need a mortgage (a) cash-rich households, (b) investors, (c) buyers with institutional level borrowing acc...
05/23/2019
Net revenue from delinquent collection activities rose to just over $40 billion, an increase of 1.6% compared to the prior year. IRS levies were up 8.3% compared to the prior year, but the IRS filed about 8% fewer liens than in the prior fiscal year 2017. By comparison, there were fewer audits du...
05/21/2019
During Fiscal Year (FY) 2018, the IRS collected nearly $3.5 trillion, processed more than 250 million tax returns and other forms, and issued almost $464 billion in tax refunds. During FY 2018, close to 58 million taxpayers were assisted by calling or visiting an IRS office.  The use of the IRS w...
05/20/2019
U.S. IndicesDow -0.7% to 25,764. S&P 500 -0.8% to 2,860. Nasdaq -1.3% to 7,816. Russell 2000 -2.4% to 1,535. CBOE Volatility Index -0.5% to 15.96. S&P 500 SectorsConsumer Staples +1.1%. Utilities +0.7%. Financials -1.5%. Telecom +0.7%. Healthcare -0.3%. Industrials -0.8%. Information Technology -...
05/18/2019
Rewind the clock for 93 months. After seven and three-quarters of consecutive year over year (YOY) increases in the median price – the Orlando housing market recorded its first decline in April. At 1% the needle moved, but marginally. The importance of this factoid is that traditionally the summe...
05/15/2019
Orange, Seminole, Lake, and Osceola Counties in the heart of Florida's I-4 Corridor:   Single-family existing homes: Sales of single-family homes decreased to 519 during the week of May 5, from 783 the week prior The median price of single-family homes decreased to $264,000, a change of -4.0% Th...
05/14/2019
Three Bedrooms, Two Bathrooms, Living Room, Dining Area, Eat In Kitchen with built-in banquette seating, Real Fireplace in Family Room, lots of closet space, built-in bookshelves, and MORE! One quick point, the third bedroom has double doors and the room is the equivalent of two bedrooms in one. ...
05/01/2019
Home flipping — defined as a purchasing then selling a property within 12-months — dropped 3 percent in Orange County in 2018 and stayed about the same in Seminole County. In both counties, investors saw smaller ROIs compared to 2017.Flipping FactsOrange County, 2018Percentage of home sales | 8%N...
04/30/2019
As of March of 2019, Orlando’s overall inventory of homes available for purchase has seen five consecutive months of year-over-year increases, ranging from a low of 2 percent in November to a high of 8 percent in January. Condo inventory, however, has been on the rise for seven consecutive months...
04/27/2019
As a concerned Native Floridian who sits on an Affordable Housing Task Force in the Orlando Metro Area - this topic fascinates me. I have long debated that the affordable housing "crisis" is not a supply issue but instead a demand issue. Not a popular view amongst Realtors. Although it would be g...
04/24/2019
Rainmaker
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Paul D.Diaz, MBA

Real Estate Broker & Instructor, Adjunct Professor
local_phone(877) 792-8527
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