Real estate’s hot…from “OC” to shining “OC”

Real estate’s hot…from “OC” to shining “OC”

http://www.orlandosentinel.com/features/home/la-fi-rents-20120313,0,1272680.story

http://articles.orlandosentinel.com/2012-03-14/business/os-orlando-home-sales-20120314_1_orlando-realtors-sales-pace-existing-home-sales

Real estate’s hot…from “OC” to shining “OC”

It’s been a long time…for many, a looooong time.  Signs that the overall real estate market is improving are everywhere, though- from Orange County, CA to Orange County, FL (or as I see it, from the West coast’s “OC” to our “OC“).

The story from California is encouraging, and goes along with what I’ve seen here in the past few months- it’s become an investor’s market once again.  Rents are going up- and that serves to help me overcome what it often my biggest obstacle:  owners’ unrealistic rent expectations.

And get a load of this:

“The growth in rents has attracted big-money investors. The hedge fund Oaktree Capital Management recently announced an agreement with Carrington Holding Co. of Santa Ana to create a fund that will be used to buy up to $450 million worth of distressed single-family homes.”

Real estate’s hot…from “OC” to shining “OC”

Wow!  And here?  Stephen Baker, Chairman of our Orlando Regional Realtors Association (ORRA) has encouraging words for sellers, too: 

Sellers of normal homes should take heart,” Baker said in a prepared statement. “The sales of normal homes have really taken off; they are up 29.02 percent over this time last year and 17.14 percent over last month alone.”

When was the last time anything was good for sellers of normal homes (or “traditional sales”)?  It’s been a while.  Way too long.  So pardon my enthusiasm as I gear up for a great Spring and Summer!

My virtual sign?  “Investors welcome”  Give me a call and let me manage your property today!  My grandmother always said that it’s best to strike when the iron’s hot (whatever the heck that means), and right now the market’s smokin’!

Real estate’s hot…from “OC” to shining “OC”

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About Dennis Burgess

Dennis B. Burgess Realtor in Orlando, FL ORRA Vice-chairman of Strategic Planning/Secretary ORRA/FR Boards of Directors Empire Network Realty 6000 S. Rio Grande Ave., #104 Orlando, FL 32803 Cell: 205-445-4755 Office: 407-440-3798 bamaburgess@hotmail.com Twitter: @orlrentals Turning vacant into occupied, and "houses" into "homes"
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