Patrick Gill Realtor - Real Estate Updates for Greater Orlando, FL

Patrick Gill Realtor - Real Estate Updates for Greater Orlando, FL Patrick Gill, Broker Associate / Realtor®
Gill Real Estate Group In today's exciting and challenging Real Estate Market, selecting the right Realtor is crucial.

"Whether you are planning on Buying or Selling, you can count on Patrick Gill to take care of all of your Real Estate needs with the utmost Integrity, Honesty, Professionalism, and Respect for you. Call Patrick Today for all of your Real Estate needs. It can make all the difference in the world."

"Average rates on U.S. fixed mortgages ticked up this week but are still low by historical standards, a trend that has h...
08/02/2013

"Average rates on U.S. fixed mortgages ticked up this week but are still low by historical standards, a trend that has helped the housing market recover.

Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan rose to 4.39 percent from 4.31 percent last week. Rates are a full percentage point higher than in early May.

The average on the 15-year fixed loan increased to 3.43 percent from 3.39 percent last week."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

This is an interesting approach a city in California is taking in response to foreclosures. It is being closely watched...
07/31/2013

This is an interesting approach a city in California is taking in response to foreclosures. It is being closely watched by the national real estate community.

"The California city of Richmond said Tuesday that it's ready to take an extraordinary step in its bid to stop foreclosures -- threatening to wrest mortgages from the investors who now control them.

But if the holders of the loans, who are mostly investors, refuse to sell by Aug. 14, the city said it will invoke eminent domain to seize the mortgages so it has more control over the process of making them affordable."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The inc...
07/30/2013

"U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.

The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday also surged 2.4 percent in May from April. The month-over-month gain nearly matched the 2.6 percent increase in April from March – the highest on record.

The price increases were widespread. All 20 cities showed gains in May from April and compared with a year ago."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"Job growth will dip in the next few months before accelerating into next year despite a lackluster economy, according t...
07/29/2013

"Job growth will dip in the next few months before accelerating into next year despite a lackluster economy, according to a USA TODAY survey of economists.

Monthly job gains that have averaged about 200,000 so far this year will slip to a still-solid 178,000 in the July-September quarter, according to the median estimate of 42 top economists. January’s hike in payroll taxes and federal spending cuts are crimping economic growth.

Hiring has been strong in light of the soft economy, and most economists expect that to continue.

Average monthly job gains are forecast to end the year weaker than they started, before returning to close to 200,000 by the January-March quarter. The unemployment rate, now 7.6 percent, is expected to hit 7.0 percent by mid-2014."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening....
07/25/2013

"Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening.

The Commerce Department said Wednesday that sales rose 8.3 percent last month to a seasonally adjusted annual pace of 497,000. That’s up from an annual pace of 459,000 in May, which was revised lower.

While sales are still below the 700,000 pace consistent with healthy markets, they have risen 38 percent in the past 12 months. That’s the biggest annual gain since January 1992."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"Florida’s housing market continued to show increased strength in June, including more closed sales of single-family hom...
07/24/2013

"Florida’s housing market continued to show increased strength in June, including more closed sales of single-family homes, more new listings, rising median prices and a reduced inventory of homes for sale, according to the latest housing data released by Florida Realtors®."

“On average, sellers received about 94 percent of their asking price in June. Interested home sellers are paying attention to this positive trend. Statewide, new listings for single-family homes increased 10.8 percent in June, while new townhome-condo listings rose 4.7 percent.”

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the media...
07/23/2013

"Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to the National Association of Realtors® (NAR)."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"Major-metro regions in Florida – including Jacksonville; Miami-Fort Lauderdale-Pompano Beach; Orlando-Kissimmee-Sanford...
07/22/2013

"Major-metro regions in Florida – including Jacksonville; Miami-Fort Lauderdale-Pompano Beach; Orlando-Kissimmee-Sanford; Tallahassee; and Tampa-St. Petersburg-Clearwater – saw a 39.8 percent increase in construction projects actively bidding, according to the BidClerk Construction Index (BCI).

In a year-over-year analysis for the Orlando region, public and private construction projects actively bidding increased 46.6 percent. Quarter-over-quarter, the private and public construction projects actively bidding increased 21.7 percent."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"Eighty percent of residential appraisers and 78 percent of commercial appraisers said they’re upbeat about their future...
07/18/2013

"Eighty percent of residential appraisers and 78 percent of commercial appraisers said they’re upbeat about their future, according to a survey conducted in May-June by the Appraisal Institute, the nation’s largest professional association of real estate appraisers."

“Appraisers have faced a challenging real estate market in recent years, and it’s great to see that so many valuation professionals are feeling optimistic about the future,” says Appraisal Institute President Richard L. Borges II.

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"Spurred by tight inventory and plenty of interest from foreign buyers, real estate developers in cities such as New Yor...
07/16/2013

"Spurred by tight inventory and plenty of interest from foreign buyers, real estate developers in cities such as New York and Miami are reviving the boom-era practice of pitching new buildings months – and even years – ahead of completion.

But now that buyers are returning to the market, they are confronting historically low inventory levels, making presale offerings an increasingly attractive option. In the second quarter of this year, there were 4,795 units for sale in Manhattan, the lowest second quarter on record in at least 13 years, Mr. Miller says. Sales volume, on the other hand, has risen almost 19 percent compared with the same period last year. In a rising market, buyers are less fearful of a building going bust – and can look to presales as a way to “lock in” a lower price point."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"International home sales in the U.S. declined in the past year, but are at their second highest level in recent years a...
06/25/2013

"International home sales in the U.S. declined in the past year, but are at their second highest level in recent years and over six percent of total existing-home sales in value. According to the National Association of Realtors® 2013 Profile of International Home Buying Activity, interest in U.S. properties continues to grow, signaling that America continues to be regarded by international buyers as a great place to own property."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

"The temperature wasn't the only thing heating up in Orlando during the month of May. Interest rates and home prices ros...
06/17/2013

"The temperature wasn't the only thing heating up in Orlando during the month of May. Interest rates and home prices rose once again, spurring homebuyers into action and driving sales up almost 16 percent over last year.

A total of 2,855 homes sold in Orlando, which is an increase of almost 400 homes compared to last May."

Patrick Gill | Realtor Orlando | Lake Nona Homes For Sale

Address

9161 Narcoossee Road, Ste 107
Orlando, FL
32827

Telephone

+14072864622

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