Jason Crane, Broker, Jason Crane Real Estate LLC

09/09/2026

638 Kensington Dr., Davenport, FL 33897 is now Under Contract! Our office received multiple offers on this Four Corners-area home with several buyers still interested. If you are looking to buy or sell a property, please visit www.JasonCraneRE.com for more info.

09/05/2026

ORRA Reports Cooling in Housing in its July 2026 State of the Market Report

The Orlando Regional Realtor® Association reported a modest shift in Central Florida’s housing market in its July 2026 housing report. Market activity is tabulated from monthly sales data across Orange, Seminole, Osceola, Lake and Volusia counties. While the median home value was down slightly by 0.8% year-over-year, closed sales were lower by 15%, suggesting a cooling in the Central Florida housing market.

Total inventory declined year-over-year from 13,557 homes to 12,114 homes. Declining inventory can be attributed to several factors. For instance, it may indicate that some homeowners are reluctant to list during a period of elevated mortgage rates. For instance, having to “trade up” from a low fixed rate obtained during the decade-long 2011-2021 period of historically low rates, to the current higher rate environment (see below.) Macroeconomic factors contributing to robust demand for housing are driven by a resilient US economy, as evidenced by low unemployment, positive GDP growth and strong corporate earnings. Locally in Florida, housing demand remains sensitive as homebuyers continue to face affordability pressures tied to consumer price inflation, homeowners’ insurance costs, and higher mortgage rates resulting in higher borrowing costs.

As of July 30th, Freddie Mac reported an average 30-year fixed mortgage rate of 6.66%, near the 6.72% average recorded on July 31, 2025. However, far above the 2.80% average rate recorded 5 years ago on July 29, 2021. The more than 130% increase in mortgage rates materially reduces housing affordability, since even modest increases in mortgage rates can significantly raise a buyer’s monthly mortgage payments.

Analysts had expected Federal Reserve Chair Kevin Warsh, who was appointed by the U.S. President and confirmed in May, to favor a more dovish stance on monetary policy. So far, his public comments are cautionary about inflation and hint at the possibility of higher interest rates going into the final months of the year. Higher interest rates would translate into higher mortgage rates, headwinds for housing affordability, demand and the overall housing market. The next Federal Reserve meeting and interest-rate announcement is scheduled for September 16, 2026.

The data referenced in this analysis is available on the Orlando Regional Realtor® Association’s website: www.orlandorealtors.org

Sources:
Orlando Regional Realtor® Association
Freddie Mac

Author: Jason Crane
Jason Crane Real Estate, LLC
Orlando, Florida
September 5, 2026

Whether your're looking to build your network, further your skill set, or give back to your community, getting involved at ORRA is the best way to make the most of your membership.

09/04/2026

Just Rented! 1-Bedroom condo located at Bella Terra in Orlando! For more information on how we can assist you with your real estate needs, please visit: www.JasonCraneRE.com

09/03/2026

Just Rented! 4-Bedroom condo located at Crescent Place in Altamonte Springs! There was a lot of interest in this condo with a several prospective residents still looking in the area. For more information on how we can assist you with your real estate needs, please visit: www.JasonCraneRE.com

07/21/2026

ORRA’s “State of the Market” for June 2026 Reveals Steady Housing Market but Affordability Remains Sensitive

The Orlando Regional REALTOR® Association released its June 2026 real estate sales data, showing that the median home price in Central Florida rose 1.7% year-over-year to $416,433. Closed sales increased 4.9% over the same period, rising from 2,703 sales in June 2025 to 2,934 sales in June 2026. Summer is historically an active season for real estate, often leading up to the start of the new school year. Average days-on-market remained nearly unchanged, declining slightly from 64 to 62 days year-over-year. Short sales and foreclosures, also known as distressed properties, rose from 1 sale in June 2025 to 10 sales in June 2026, though they remain near historical lows.

From a U.S. macroeconomic standpoint, the economy appears relatively stable. The U.S. Consumer Price Index showed a 3.5% annual inflation rate in June 2026, while the U.S. unemployment rate stood at 4.2%. A steady labor market can support housing demand by helping buyers maintain income stability and qualify for loans, although affordability remains closely tied to interest rates and household purchasing power.

The average 30-year fixed mortgage rate, compiled weekly by Freddie Mac, was 6.49% for the final week of June 2026, compared with 6.77% during the final week of June 2025. For June 2026, the Federal Funds Rate was in the 3.50% to 3.75% target range, down significantly from 5.25% to 5.50% in June 2024. Interest rate policy remains one of the Federal Reserve’s primary tools for managing inflation. Lower interest rates can translate into lower mortgage rates, which may improve affordability and provide an important tailwind for housing.

Geopolitical tensions involving Iran and potential disruption to the Strait of Hormuz, a critical shipping lane for oil transport, remain important risks for energy prices and inflation. Although energy prices eased in June, renewed instability could place upward pressure on oil and gas prices, keeping inflation more persistent than expected. This may influence the Federal Reserve’s timeline for future interest rate reductions in the 2nd half of 2026 and beyond. The Fed’s next meeting and interest rate announcement are scheduled for July 29, 2026. Kevin Warsh became Chair of the Federal Reserve in May 2026, succeeding Jerome Powell, who served in the role for more than eight years beginning in 2018.

The sales data referenced in this analysis is available on the Orlando Regional REALTOR® Association’s website:
https://www.orlandorealtors.org/statemarket

Sources:
Orlando Regional Realtor ® Association
Bureau of Labor Statistics
Federal Reserve Bank of Saint Louis
Freddie Mac

Author: Jason Crane
Jason Crane Real Estate, LLC
Orlando, FL
July 21, 2026

07/03/2026

2627 Maitland Crossing Way, Unit 304, Orlando, FL 32810 – Just Listed For Rent!

This 3rd-floor condo was renovated in 2021 with all new flooring, baseboards, and light fixtures. Features include vaulted ceilings, a new A/C system, and fresh paint throughout. The condo is in excellent condition and includes a washer & dryer. Enjoy a spacious screened balcony, walk-in closet, laundry closet, pantry, and outside/closet storage. Community amenities include an in-ground pool, fitness center, clubhouse, playground, gated entrance, and on-site manager. Valet trash service is also included. Prime location at Maitland Crossing near the intersection of 414/Maitland Blvd and SR-434, you'll be minutes from Genesis Health Club, Orlando Ice Den, Seminole State College, Lake Lotus Park, and a variety of shopping and dining options. Publix Shopping Center at Gateway Crossing is only 1 mile & other major retailers are less than 10 minutes by car, including Target, Walmart, Costco, Home Depot & the West Town Corners Shopping Center. Major roads provide quick access to I-4, Maitland Interchange, and SR-429. The Maitland Blvd. Expressway Ramp allows fast commutes to downtown Orlando and the Uptown Altamonte Town Center, both only 15 minutes by car. Minimum 12-month lease. No short-term rentals are allowed. Security deposit is $1500 (refundable). Utilities included are water, sewer, and valet trash; tenants cover electric, cable, internet, and phone. One small pet allowed at $50/month. No pet deposit required. All residents over 18 must submit a background and credit check. Tenant responsible for parking decals ($2/vehicle). There's a one-time charge of $25 to rekey the mailbox. A concise video walkthrough, or virtual tour is available by request.

3rd Floor Condo

1 Bedroom/1 Bathroom

Built 2000

672 sqft of living space

Recently renovated (2021) with all new flooring, baseboards, new light fixtures, brand new A/C system & recently painted

Includes Washer & Dryer with Inside Utility Closet and Pantry

Condo is located on top floor with no above neighbors & features vaulted ceilings with view of community pond.

Kitchen appliances incl. refrigerators, oven/range, dishwasher & disposal. Other features incl. walk-in closet, laundry closet, pantry, & outside storage closet

Bella Terra amenities include community pool, fitness center, clubhouse, playground, gated entrance, & on-site manager.

Valet trash service included

As of 2022, Bella Terra condos were freshly painted & have new roofs
Within minutes are Seminole State College Altamonte Campus, Lake Lotus Park, Seminole Wekiva Trail, Publix at Gateway Crossing, Walmart at West Town Corners, Target, Costco, Home Depot, Lowe's Home Improvement & an abundance of other local restaurants, big box stores, & other businesses

Major roads in the immediate vicinity include SR-434, Hwy 441, Maitland Blvd/414, SR-436 & quick access to I-4 Maitland Interchange & SR-429

All residents must submit to a 50-state background & credit check. There is no Condo Association Approval Process or additional application fee required.

Rental Application is required for all adults living on the premises over the age of 18 & app fee is $75/adult

Security Deposit is $1500 (refundable)

Monthly lease amount is $1289/month, minimum 12-months lease

Water/sewer/valet trash are included with the monthly lease amount. Tenants are responsible for electric, cable, internet & home phone, if applicable

1 small pet allowed at $50/month. No pet deposit will be required. Any pet damages, if applicable, will be subject to the Security Deposit

Please note, condo is located on 3rd floor & there are no elevators

MLS Number: o6422234

Broker’s protected

Listing Courtesy of Jason Crane, Lic. Real Estate Broker, Jason Crane Real Estate, LLC.

www.JasonCraneOnline.com

06/30/2026

Stunning Lakefront Mediterranean Retreat on Lake Whitney! Discover this spacious, breathtaking lakefront home nestled along the banks of Lake Whitney. Enjoy spectacular views from your private dock, deck, boat lift, & open-air boathouse, perfect for water sports, lake-side entertaining, BBQs, & catching mesmerizing sunsets. Ski friendly Lake Whitney is a great spot for wakeboarding, water skiing, or jet skiing. Designed for the ultimate lake lifestyle, this home features Tuscan-inspired landscaping, an infinity pool & spa, & expansive outdoor entertaining areas. Host unforgettable gatherings with an outdoor grill & kitchen, patio dining, outdoor fireplace, & comfortable seating, all under a screened enclosure for year-round enjoyment. The gourmet kitchen is a chef’s dream, equipped with ultra-premium Viking appliances, including a double oven, dishwasher, gas cooktop, refrigerator, & w**e cooler. Granite countertops, a spacious island, walk-in pantry, dual sinks, & open layout seamlessly connect to the living & dining areas. A full-size laundry room with front-loading washer & dryer, sink, & tall cabinets adds convenience. The ground level offers a formal dining room & an office/library with built-in shelving. The massive primary suite boasts stunning lakefront views, while the luxurious master bathroom features a walk-in closet, granite countertops, dual garden baths with massage jets, a sauna, & privacy toilet & bidet. Elegant French doors lead into a welcoming foyer, with soaring ceilings & a grand staircase leading upstairs. The 2nd floor includes 3 bedrooms, 3.5 bathrooms, and a versatile game room or theater with built-in entertainment & a microwave. Three bedrooms have private baths, and an elevated outdoor covered patio offers additional lake views with ceramic tile flooring. An oversized 3-car garage with electric doors, double water heaters, & ample storage completes this exceptional home. Experience the charm of Tuscany combined with the luxury of lakefront living in Central Florida. Schedule your private tour today & make this dream home yours!

2-Stories Single Family Home
Lake-front to Lake Whitney
5515 Square Feet, according to Public Records
4 Bedrooms/5.5 Bathrooms
Built 2005
3-Car Garage
In-Ground Pool & Spa with Screened Enclosure
Outdoor Kitchen, Fireplace, Patio & 2nd Story Balcony
Lake-front Deck, Dock, Boat Lift & Covered Boathouse
Spanish/Mediterranean-Style Architecture & Landscaping
½ Acre Water-front Lot
Gourmet Kitchen with Viking Appliances, W**e Cooler, Kitchen Island & Dual Sinks
Primary Bathroom features enormous Walk-in-Closet, Bidet, Sauna & Garden Bath
Bonus Rooms include an Office or Library and 2nd Floor Game or Theater Room
Cathedral or Vaulted Ceilings
HOA Deed Restricted Community
Mandatory HOA with Required Regular Assessments
Gated Community with Manned Security Gate
Community Amenities feature Basketball Court, Beach Volleyball, Community Dock, Recreational Building, Fitness Center, Tennis Courts & Playground
Brokers Protected
Subject to REO special addendum, Foreign-entity affidavit & REO procedures
Offer Management Platform charges Buyer’s Agent a $175 technology fee payable at closing
MLS ID: o6421211
Listed for only $1,900,000
Listing Courtesy of Jason Crane Real Estate, LLC.
Jason Crane Real Estate, LLC is a licensed real estate brokerage in Florida.
For more information, please visit www.JasonCraneRE.com

06/27/2026

ORRA Reports Housing Market Static in its Monthly June 2026 State of the Market

The Orlando Realtor® Association has released its Central Florida housing market data for May 2026, revealing a market that is nearly unchanged on a year-over-year basis. Key metrics such as average days-on-market and closed sales show minimal movement, indicating a period of stabilization.

Market Overview:
Avg. Days-on-Market: 66 days, unchanged from May 2025. Closed Sales: Slight increase of 0.2% year-over-year. New Listings: Decreased marginally by 4.1%.
Median Home Value: $406,951, down modestly by 2.2%.
Inventory: Slight decline of 1.9%, with 11,531 homes available in May 2026, compared to last year.
This stability suggests that the market is solidifying into a balanced market between supply and demand.

Historical Context:
The post-pandemic housing surge was driven by low mortgage rates and heightened demand. During 2020-2021, mortgage rates remained below 3%, reaching a low of 2.77% in August 2021, fueling a boom in homebuying activity.
However, these trends shifted in 2022 as inflation soared, reaching multi-decade highs. The US central bank, Federal Reserve, responded by tightening monetary policy, resulting in mortgage rates nearly tripling by the end of 2022 and into 2023. The peak mortgage rate was recorded at 7.79% in October 2023, significantly cooling demand.

Inventory Trends:
Inventory levels soared from a low of 2,300 homes in February 2022 to over 13,000 homes in 2025. As of May 2026, inventory slightly declined to 11,531 homes, a 1.9% decrease year-over-year. Freddie Mac reports the average mortgage rate currently at 6.49% (at the time of this writing,) with rates remaining rangebound between 6% and 7% over the past 4 years.

Economic and Geopolitical Factors:
In May 2026, a new Federal Reserve Chair, Kevin Warsh, was appointed by President Trump with many experts anticipating future interest rate reductions. Conversely, on June 17th, at the first Fed meeting under the new Chairman, Mr. Warsh suggested a reversal of policy and potential rate hikes coming ahead, following a period of monetary easing during the past 21 months. The Fed’s next policy meeting is scheduled for July 29, 2026.
Additionally, geopolitical tensions, specifically the US-Iran conflict & obstruction of the Strait of Hormuz, have disrupted oil markets, leading to increased fuel costs and contributing to inflationary pressures. These factors will likely influence the housing market in the coming months.

Looking Ahead:
As we move into the second half of 2026, the outlook remains uncertain. The Federal Reserve’s stance on interest rates will be pivotal; higher mortgage rates above 6%, a level not seen since 2007-2008, continue to impact housing affordability. The upcoming Federal Reserve decision and geopolitical developments could further influence market conditions.

ORRA has recently changed its policy on market statistics being available to the public. However, you may view the Market Narrative featuring a portion of the data used in this market summary here: https://www.orlandorealtors.org/housingmarketnarrative

Author: Jason Crane
Orlando, Florida
June 27, 2026

New Orlando Regional REALTOR® Association data shows record-high median home price in Central Florida.

06/27/2026

Renovated first floor condo located at Crescent Place at Lake Lotus with pool view. Newer porcelain tile and ceramic tile flooring throughout. Features stainless steel appliances including oven/range, dishwasher, refrigerator/freezer, food disposal & microwave hood. Front-end loading washer/dryer incl. Kitchen has a walk-in pantry. Ceiling fans in all rooms. Spacious exterior screened patio with recently upgraded sliding door. Non-smoking. One car detached garage is included. Condo is located near entrance & adjacent to the community pool, spa, fitness ctr. & clubhouse. Community is security patrolled, gated, & has valet trash service. Community is walking distance to Seminole State College, Publix, Gateway Crossing & 2 Lynx bus stops. Other area attractions incl. Genesis Health Club, Orlando Ice Den, Maitland Crossing, Altamonte Mall, College Park, & West Town Corners. Most major retailers, restaurants, convenience stores, big box stores, grocery shopping, bars/nightlife & Walmart/Costco/Target are all within 1-2 miles. Outdoor attractions in the immediate area incl. Lake Lotus Park, Seminole-Wekiva Bike Trail, Cranes Roost Park, & Sanlando Park. All schools w/in minutes by car. Major area roads incl. SR-434,SR-436, Hwy 17/92, I-4, Maitland Blvd/414 Expressway & 429 Western Beltway. HOA/COA has tenant approval process. App fee $120/individual adult or $220/married couple. Per COA, min. Credit score is 600 & criminal background check is mandatory. Tenant evaluation takes 3 business days. All leases must be 12 months or longer. Water/sewer/valet trash incl.

• 4 Bedrooms/2 Bathrooms
• 1368 sqft.
• Built in 2000
• Refundable Security Deposit $2000
• Available for immediate move-in in August 2026
• COA has mandatory tenant approval process with app fee of $150/adult and $200/married.
• Water/Sewer/Valet Trash are included
• Washer/Dryer included
• Condo renovated
• Kitchen has newer Stainless Steel Appliances -- Refrigerator, Microwave, Oven/Range & Dishwasher
• Deep Sink with Food Disposal
• Kitchen Pantry/Laundry Closet
• Dining Area
• Spacious Screened Patio
• Master Suite with Walk-in Closet
• Tile Flooring Through-out
• Plenty of closet space for storage
• Ceiling Fans in All Rooms
• City Water & Private Sewer
• One Car Detached Garage included
• Community Amenities include Security Gate, Pool, Spa, Fitness Center, Tennis Courts & Clubhouse
• Lease must be 12 months or longer, per COA
• Broker's Protected $300 Lease Fee, must show to client to receive
• MLS ID: o6417544
• Just Listed for $1849 per month
• Listing Courtesy of Jason Crane Real Estate, LLC, a licensed real estate brokerage in FL.
• Website: JasonCraneRE.com

05/31/2026

ORRA Reports Median Value Above $400k in its Monthly State of the Market for April 2026

The Orlando Regional Realtor® Association reported a median home value of $410,758 (for all residential home types in Central Florida,) as measured by April 2026 sales data. Median is the middle number meaning half of the sales were above and half were below. It can be used to generalize the typical cost of a traditional 3-bedroom, 2-bathroom single family residence that’s approximately 1500 square feet in size. The information is useful to compare different market areas around the country, in addition to price-per-square-foot. As an example, the median home value in the Denver, Colorado metropolitan area is $609,685 (Source: Redfin.com), 48% higher than greater Orlando.

Now back to Central Florida: Condo and town home sales represent about 20% of all sales in greater Orlando. The median value for condos and town homes was $312,052 in April, a significant discount from single family residences recorded at $440,119, during the same period. Although the sale prices are lower for condos and town homes, the monthly HOA or condominium assessments may “offset” this effect. In many cases monthly dues can cost $250-$500 or more per month, totally depending on the individual condo/homeowner’s association, as well as the size of the condo itself (1-bedroom, 2-bedroom, 3-bedroom, etc.)

Closed sales were down 2.8% year-over-year while new listings and average days-on-market remained flat. Average-days-on-market was 70 days in April, a measure of how long homes are sitting on the market. Experts consider 60 days-on-market as a balance market between supply and demand.

Total inventory recorded in April was 11,418 homes, a slight 1.5% decline from March. Inventory has been growing for the past 3 years, currently more than double the 5,052 total homes recorded in April 2023.

The average mortgage rate in April was 6.3%, as sourced by Freddie Mac. Interest rates are set by the U.S. Federal Reserve Bank and a new chairman, Kevin Warsh, was sworn into office on May 22, 2026. Mr. Warsh replaced his predecessor, Jerome Powell, who served in the role for 8 years. “The Fed Chair” is appointed by the U.S. President and many believe that Mr. Warsh will aim to implement an easing of monetary policy by lowering interest rates. Historically, as interest rates fall, mortgage rates decline as well, a major tailwind benefiting housing affordability. The next Federal Reserve meeting and announcement on monetary policy is scheduled for Wednesday, June 17, 2026.

ORRA has recently changed its policy on market statistics being available to the public. However, you may view the Market Narrative featuring a portion of the data used in this market summary here: https://www.orlandorealtors.org/housingmarketnarrative

Author: Jason Crane
Orlando, Florida
May 30, 2026

New Orlando Regional REALTOR® Association data shows record-high median home price in Central Florida.