Are you thinking about building your dream home? You may want to consider this special neighborhood. Terralago is an exclusive gated community in Oviedo. I recently listed four lots in there for sale, priced from $100,000 to $125,000. This beautiful neighborhood is conveniently located just east of the 417 expressway, off SR-434. Please call me for more information!!
Though home prices have risen nearly 12 percent from a year ago, a slowdown is expected soon, according to the Wall Street Journal. But many say it’s no cause for concern.“Prices are still going to rise – just not as briskly as we’ve seen over the past year,” The Wall Street Journal reports. “This should calm down those pundits who have fretted over a new crop of housing bubbles.”According to a report by Goldman Sachs economists, home prices will likely moderate because they have returned to “fair value” and are no longer being viewed as “undervalued,” as they were for the past two years. Also, a rise in mortgage rates may cause some buyers to re-evaluate their options. For the first time this year, buyer traffic dropped below agents’ expectations, and “the next few months will be crucial to determining whether this is just a pause or something more,” the Goldman Sachs report notes. The report also notes that investors will likely slow their purchases as the number of foreclosures starts to dry up. What’s more, the inventory of homes for sale is starting to loosen as more sellers consider putting their homes on the market. Those sellers, in turn, will then be looking to purchase another home, so prices will still likely continue to rise until new-home construction catches up.“With the improving underlying housing demand driven by household formation and economic recovery, we think housing activity will remain on an upward trajectory, despite occasional ups and downs along the way,” says the Goldman report.
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