Real Estate Press Releases

Orlando, Fla. - According to Orlando REALTOR® Jonathan de Jesus, the high inventory of real estate listings in the Orlando area means buyers can count on continued bargains for the near future.

How long the bargain-basement prices on Orlando real estate will last is debatable, according to de Jesus, who says that it depends on factors like the overall health of the U.S. economy and future mortgage legislation changes.

"Everyone is looking for bargains, from the first time home buyer to the real estate investor, and the market is providing great opportunities for both. The excess inventory has not only served to lower the entry barrier for buyers, but given them more properties to choose from as well."

Meridian, ID - For pastors, lower prices for real estate have been truly a blessing, allowing some to buy a home for the first time, according to Meridian real estate agent John Espinosa.

Espinosa, who comes from a family deeply involved in Christian ministry, says that the economic downturn has hurt a lot of charitable organizations, to be sure. But he says that ministers who have a steady income, however sparse, can often afford to buy a home now, whereas before they couldn't.

"In the past, incomes were an issue, of course; everyone knows your average pastor doesn't make a lot of money. The biggest problem in the way of home ownership, however, was high real estate prices, and now that they've come down a bit, we're seeing more pastors able to afford to buy a home."

Portland, Oregon - Portland Oregon real estate agent David Somerville says young families are being drawn to Downtown Portland's condos and lofts by low prices, good neighborhoods, and close proximity to jobs.

Somerville, who has been selling Portland real estate for over ten years, says the trend of younger buyers coming into the downtown is welcomed by Portland employers and property owners alike, and has helped to revitalize downtown neighborhoods.

"The current housing market is providing some great opportunities for younger buyers to get into Portland condos and lofts at pretty amazing prices."

Newport News, VA - Newport News REALTOR Erin Melton launched a new local website that she says provides much more accurate York County VA real estate searches than the big national real estate websites. While several big real estate website brands get the most attention initially from prospective home buyers, Melton says they quickly find out that the information is less than timely.

"Over and over, clients come to me with a list of properties from one of the big name websites, and more often than not, the listing is stale. Someone else got to it first."

She says the best way to get fresh listings for York County homes, whether that's Newport News real estate or Yorktown VA waterfront homes, is to use a local website like http://tidehomes.com that gets its data directly from the MLS.

Albuquerque, NM – Top Albuquerque New Mexico real estate agent Joe Maez says there is a growing number of former short sellers who are ready to be become today's buyers. With lenders typically showing leniency to buyers who have a short sale on their credit history, he says time is healing old wounds and restoring the dream of home ownership.

Maez, who has been a top real estate agent selling Albuquerque real estate for years, says that since the peak in the market back in 2005 to 2007, many who sold their homes for less than they owed shortly thereafter are able to get home loans again.

"With a waiting period of as little as two years after selling a home as a short sale, many buyers are surprised how readily available financing is for Albuquerque homes right now."

Orlando, FL - Orlando real estate agent Jonathan de Jesus is launching a new website that includes what he calls a "hyperlocal lifestyle search" tool to help home buyers better learn about the neighborhoods they are considering buying in. It features the My Florida Regional MLS data which covers an extensive amount of Florida real estate.

"Today's consumer seems to be experiencing information overload. I wanted a way for the user to filter through and easily find the information they want. With our search platform you can add additional search criterias based on your lifestyle to more efficiently target the homes and neighborhoods that are a better match for you. It not only uses traditional search values but it also adds several different dimensions to the search, quickly and easily - all in real time. "

He says most of his clients want to be able to access fresh Orlando real estate listings and get additional contextual information about neighborhoods, schools.

Minneapolis, MN – Minneapolis, Minnesota downtown specialist Ben Ganje is launching a new website to make information on Minneapolis real estate in the downtown districts much easier to find. He says there is increased interest in moving downtown, but people who grew up in suburban or rural Minnesota have a lot of questions about making such a big move.

"We've seen a definite spike in the interest level for living in Downtown Minneapolis in the last year. Space is inexpensive, it's close to work and play, and the lifestyle is much more exciting than suburbia."

Portland, Oregon – The high inventory of foreclosures in the Portland market, including pre-foreclosure short sales and bank owned homes, is driving prices and sales according to local REALTOR David Somerville.

"Prices are at historic lows right now, and the large inventory of bank owned Portland real estate seems to be the biggest factor."

Somerville, who has been listing Portland homes for sale for 10+ years, says that sellers have a lot of competition from banks whose primary goal is to sell their inventory fast.

Agent Says Record Low Prices on Cincinnati Real Estate Provides Historic Opportunity For Buyers

Cincinnati, OH – Cincinnati REALTOR Sandy Bakst says record low prices in the new and existing home market provide historic opportunities for buyers. He says that home prices in many cases have completely retraced the pre-mortgage-crisis bubble levels, providing exceptional valuations for buyers considering entering the market.

"Many potential buyers have been sitting on the sidelines for years, but Cincinnati real estate is very attractively priced right now in my opinion. In fact, we may not get better prices for a generation."

He says an increased ratio of real estate investors to owner-occupants have been entering the market and picking up bargains on Cincinnati real estate to add to their investment portfolios.

"The fact that investors are having a field day with the market is a good sign for first time home buyers that the time may be perfect for them to jump in as well."

Meridian, ID – Meridian, Idaho real estate agent John Espinosa says that high foreclosure inventory has brought out bargain hunters looking for good deals on primary residences and investment properties in the Boise area.

According to Espinosa, as the mortgage crisis works its way through the system, and unemployment continues to plague the economy, more Meridian foreclosures end up as bank owned property. He says that means one thing: Lower prices for buyers.

"In this economy, everyone wants to tighten up on debt and reduce their monthly bills. For those who are able to take advantage of what the market is offering, it may actually be cheaper to buy than to rent."

"Meridian real estate buyers have been handed an amazing gift right now in that bank owned inventory has made prices very reasonable. The average buyer can afford twice the house or more compared to several years ago."