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May 27th, 2008 7:44 AM by David W. Welch
They must have been reading my blog. The Orlando Sentinel actually has a positive article about the local real estate market today, and it is even on the front page. http://www.orlandosentinel.com/business/orl-firsthome2508may27,0,2193812.story
It actually has a lot of the information I have been commenting on for some time now. Rates are low, inventory is high, prices have come down, and there is money to lend. They even mention FHA which I have been promoting to people who are a little short on cash for down payment and closing costs. I do think the article makes a bit too big of a deal about the down payment assistance programs the counties offer. The Orange county assistance program requires that the home has had recent major work done to it. These programs also have lower limits on income and home prices, so they will work for fewer buyers. They are great if you and the property qualify, but they are just a lot more limited in scope.