Lina Valderrama, Real Estate Agent, Charles Rutenberg Realty

08/20/2023

Florida Rental Market Shows Signs of Slowdown
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Researchers in Florida have found that eight out of nine cities in the state have seen rents increase at or below the national average of 4%. Factors such as return-to-office mandates and the aftermath of Hurricane Ian have contributed to the slowdown in rental prices. Despite the slowdown, rental p...

08/08/2023

Real Estate Market Key Insights 2023-2030

Lina Valderrama is a real estate agent with Realtor®️. Check out Lina Valderrama's listings or office listings.

08/06/2023

Orlando Area Residential Sales Down 18 Percent Annually in June
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The Orlando Regional Realtor Association reports that the median home price in June 2023 was recorded at $385,000, up from $378,000 in May. New listings rose 7.1% from May to June, with 3,703 new homes on the market. Pending sales fell with 4,304 in May and 3,964 in June 2023. Inventory for June 202...

07/29/2023

Fla. in Top 5 for Homebuyers with PMI
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In 2022, the top 5 states for private mortgage insurance were Texas, Florida, California, Illinois and Ohio. In Florida, 57% of homebuyers relied on PMI to purchase their home, with the average loan amount being $341,716. The report also found that the average Floridian using PMI had a median househ...

07/20/2023

Most Expensive US Markets for Short-Term Rentals

Lina Valderrama is a real estate agent with Realtor®️. Check out Lina Valderrama's listings or office listings.

07/03/2023

What Is a Jumbo Mortgage, and How Do You Get the Best Rates?
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Jumbo mortgages are loans that exceed federal loan limits, currently at $726,200 or $1,089,300 in high-cost areas. To qualify for a jumbo loan, borrowers need higher credit scores, a lower debt-to-income ratio, higher down payments, and cash reserves to cover mortgage payments. Jumbo borrowers often...

07/02/2023

These cities have the lowest cost of living in the Orlando area: Report
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In the Orlando area, the cities of Zellwood, Umatilla, Airport North, Yalaha, Silver Lake, Pershing, Rio Grande Park and Campbell have the lowest cost of living. Most residents in these cities own their homes, and the public schools are above average. Since the start of the pandemic, the cost of liv...

06/24/2023

House Down Payments are Cheaper Than Ever, But You Pay the ...
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For decades, the recommended down payment on a house has been 20%, however due to rising home prices, the average down payment in 2022 was just 6%. Recently, two major lenders have started offering some customers mortgages with only 1% down payments, to help those struggling to buy a home. However,....

06/17/2023

Orange County looks into buying homes at risk of flooding
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Orange County in Florida is looking into buying out some homeowners who lost everything in Orlo Vista due to the floodwaters last year. Commissioner Mike Scott is gauging how much interest there is in the Federal Emergency Management Agency's hazard mitigation assistance program before the August de...

06/11/2023

Want a 5% mortgage rate? Buy a newly built home
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The homebuilding industry is benefiting from the low inventory of previously-owned homes and offering buyers much better deals than the average mortgage rate of 6%. Homebuilders have the ability to offer financing through their captive finance arms, offering rates as low as 4.25%, compared to the 6....

05/29/2023

Building Permits Ramp up in California, Florida, and Texas

05/28/2023

Orlando rent is still unaffordable for low-income renters, even with a housing voucher
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The Orlando metro area has seen a 30% increase in rent in the last two years, making it difficult for the average person to find affordable housing. The government has made rental assistance available through the local government or the federal Housing Choice Voucher program, however, research shows...