Tuesday, October 30, 2007
Mercedes Homes Offering New Concept
Mercedes homes is building a new townhome community off Airport Blvd. in Sanford called Windsor Lakes will be opening a new swimming pool, cabana, and pushing an amenities center which will be featured in all town home communities throughout Central Florida. Windsor Lakes will be 203 townhome community.
Saturday, October 27, 2007
Orlando Real Estate Doing Better than Others
Despite the slow down in real estate sales Orlando is still attactive to buyers. Based on number of sales Orlando is second best behind Tampa in September. Orlando sold twice as many homes in September than Miami and Ft. Lauderdale.
Wednesday, October 24, 2007
40 Million American Moved in 2006
The Census Bureau is reporting 14% of the popluation or 39.8 million people moved between 2005-2006. Here are some of the results:
- 18.4 Million or nearly half moved because they wanted a bigger or smaller home
- West US had the highest moving rate at 16%, followed by South at 15%, the Midwest at 13% and Northeast at 10%
- 30% of renters moved from another rental and 7% of owner occupied moved
- 62% moved within the same county, and 20% moved to a different county, 14% moved to a different state, and 3% moved abroad
Friday, October 19, 2007
Orlando Unemployment Rate
Orlando's Unemployment Rate is 4.0 percent in September, holding steady from August at 4.0 percent. This means 373,000 more jobless out of 9,270,000 work force. The nations unemployment rate is 4.7 percent. Orlando added 22,700 jobs in the past year. Florida has one of the lowest unemployment rates.
Monday, October 01, 2007
Lake Nona Room to Grow & Growing
The Lake Nona development in southeast Orlando is on solid ground financially, owned as it is by British billionaire Joe Lewis and controlled by his Tavistock Group Inc. in Windermere.
Just as importantly, it has plenty of real ground.
"We have more land mass than Winter Park," said Robert Adams, vice president of marketing for Lake Nona Golf & Country Club. The club is the crown jewel of the 7,000-acre spread, but it's just a tiny piece in the treasure chest of Lake Nona, now 21 years old.
These are slower times for local builders and developers, so the backing of a billionaire helps ensure Lake Nona's long-term success.
Many residential developers are scrambling for customers, cutting home prices and giving away cruises to get people to tour their empty models. Lake Nona, by contrast, is preparing the ground for a medical school, a veterans hospital, the Burnham Institute for Medical Research, a town center, and a 500-acre science-and-technology office park. Plus lots of homes.
There's room for about 20,000 people, in addition to the 1,000 homes already occupied, most of them since Tavistock took control in 1997.
The company-owned community has so much land, it recently donated 334 acres to Orlando for a city park.
That's eight times bigger than Lake Eola Park, at 43 acres, and 11 percent larger than the city's previous largest public playground, the 300-acre Turkey Lake Park on the southwest side of town."
All roads lead to Lake Nona," said Adams, speaking last week at the National Association of Industrial & Office Properties' monthly meeting at the Sheraton Downtown Orlando. "That's because all roads lead to the [Orlando International] Airport. And we're right next to the airport."
That doesn't hurt.
Adams said Tavistock Managing Director Rasesh Thakkar, Lewis' right-hand man in Orlando, had been scheduled to speak at the association meeting but was asked at the last minute by University of Central Florida President John Hitt to accompany him to the state capital to meet with lawmakers about UCF projects at Lake Nona. Courtesy Orlando Sentinel 10/1/07.
Just as importantly, it has plenty of real ground.
"We have more land mass than Winter Park," said Robert Adams, vice president of marketing for Lake Nona Golf & Country Club. The club is the crown jewel of the 7,000-acre spread, but it's just a tiny piece in the treasure chest of Lake Nona, now 21 years old.
These are slower times for local builders and developers, so the backing of a billionaire helps ensure Lake Nona's long-term success.
Many residential developers are scrambling for customers, cutting home prices and giving away cruises to get people to tour their empty models. Lake Nona, by contrast, is preparing the ground for a medical school, a veterans hospital, the Burnham Institute for Medical Research, a town center, and a 500-acre science-and-technology office park. Plus lots of homes.
There's room for about 20,000 people, in addition to the 1,000 homes already occupied, most of them since Tavistock took control in 1997.
The company-owned community has so much land, it recently donated 334 acres to Orlando for a city park.
That's eight times bigger than Lake Eola Park, at 43 acres, and 11 percent larger than the city's previous largest public playground, the 300-acre Turkey Lake Park on the southwest side of town."
All roads lead to Lake Nona," said Adams, speaking last week at the National Association of Industrial & Office Properties' monthly meeting at the Sheraton Downtown Orlando. "That's because all roads lead to the [Orlando International] Airport. And we're right next to the airport."
That doesn't hurt.
Adams said Tavistock Managing Director Rasesh Thakkar, Lewis' right-hand man in Orlando, had been scheduled to speak at the association meeting but was asked at the last minute by University of Central Florida President John Hitt to accompany him to the state capital to meet with lawmakers about UCF projects at Lake Nona. Courtesy Orlando Sentinel 10/1/07.
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