Brent's Blog / BFerryHomes.com / Theme Park News, Orlando News, Real Estate News

The Greater Orlando Aviation Authority has given approval to begin the process for a new south terminal. The $1.8 billion project will add 16-24 gates for domestic and international travel by 2019. 
Posted in:General
Posted by Brent Ferry on May 21st, 2015 3:34 PM
The Fiji
6 Bedrooms | 6 Baths | 3,346 sq. ft.
Approved for short term nightly rental
South facing pool and spa
Access to the Oasis Club

Call Brent at +1-407-506-7857 or email info@bferryhomes.com for more information.

Posted in:General
Posted by Brent Ferry on May 20th, 2015 12:43 PM
Special reduced pricing available on select move-in ready vacation homes located in The Retreat at ChampionsGate.

Watch the video to view available units and contact me at 407-506-7857 or info@bferryhomes.com with sales inquiries.

Inventory includes two 8 bedroom Maui rental homes for UNDER $500K with $10,000 toward closing, 1 year free Management, and access to the newly opened Oasis Club. Call today!


Posted in:General
Posted by Brent Ferry on May 15th, 2015 5:42 PM
Universal Orlando today announced more details regarding a massive new attraction coming to Islands of Adventure in 2016 based on the legend of King Kong.

Read the media press release below and watch the YouTube announcement.


King Kong Roars to Life at Universal Orlando Resort in Groundbreaking New Attraction

"Skull Island: Reign of Kong," Becomes Next Generation of Kong Legend

ORLANDO, Fla. (May 6, 2015) – King Kong will rule at Universal Orlando Resort next year in the groundbreaking attraction, "Skull Island: Reign of Kong."

The new attraction will open in the summer of 2016 at Universal’s Islands of Adventure – and will be an intense, all-new adventure brought to life in a dramatically themed environment. Skull Island: Reign of Kong will pull guests into a powerfully told story where they become part of the next generation of the Kong legend.

It begins as guests are transported deep into a wild and mysterious world, where their mission is to discover creatures of unknown origin – but where they are soon fighting for their own survival. Their journey will take them through an ancient temple inhabited by hostile natives, a perilous jungle ruled by prehistoric creatures, a foreboding underworld of caves concealing unspeakable terrors – and face-to-face with the colossal Kong himself.

Universal Creative is working closely with Peter Jackson, famed director of 2005’s blockbuster movie, “King Kong,” to immerse guests in this incredible adventure.

"King Kong is a Hollywood movie legend and a huge part of both our history and our future," said Mike West, Executive Producer, Universal Creative. "He gives us the opportunity to tap into everything that makes our film history so special and everything that makes our theme park attractions so spectacular. We can’t wait to bring him to life in such an epic way."

Known as "the eighth wonder of the world," Kong has been called "the experience for which movies were invented." Since first appearing on screen in 1933, "King Kong" has been re-made twice - each time on a tremendous scale – earning seven Oscar and three Golden Globe nominations.

And now – in even grander and more realistic form – the Kong story continues to grow. "Skull Island: Reign of Kong" will open in the summer of 2016. More details about the mega-attraction will be released over time. Visit www.universalorlando.com/ReignofKong for more information.

Posted in:General
Posted by Brent Ferry on May 6th, 2015 12:48 PM
This is what realtor.com® chief economist, Jonathan Smoke, had to say recently about another housing bubble. Article as appeared on realtor.com on April 24th.

Home Prices Are Climbing Faster and Faster, but This Is Not a Bubble

This spring buying season is off to a strong start—in fact, prices are going up faster than they were just a few months ago, according to nearly every recent metric. So does that mean we’re in a bubble?

Nope, that’s just what happens when demand increases faster than supply. After all, existing-home sales were up 9% year over year in March, according to the National Association of Realtors®. Inventory is also increasing, but not as fast as sales, resulting in a tight supply getting even tighter.

An equilibrium level of supply on the market is considered to be six to seven months; supply has been under five months since December. Looking at every quarter since 1988, when supply was under five months, prices rose 8% year over year on average. When supply was in the equilibrium range, prices went up only 4% on average.

The median existing home price in March was $212,100, up 8% over last year, according to the NAR. The median list price in March on realtor.com® was $220,000, which was up 11% over last year.

During the peak years of the housing bubble, from 2003 to 2005, the data on supply versus price appreciation looked very similar to what we are seeing now. But there are key differences, which is why I’m confident that on the national level, this is no bubble.

Here’s why, this time, the price increases should stick:

The level of the current price appreciation is not like the bubble. Prices went up 7% and 12% in 2012 and 2013, respectively, as the market corrected for too-severe price declines in the prior years. Last year, the appreciation level moderated. Even factoring in the one-time bounce from the prior overcorrection, median prices have grown less than 8% on a compounded annual basis over the past three years. Median prices, by comparison, grew 10% on a compounded annual basis from 2002 to 2005, without any bounce from a prior decline. On an inflation-adjusted basis, we are 30% beneath the peak set in 2005.

Likewise, relative to rents or incomes, median home prices are not “unhinged” from long-term averages. The price-to-rent ratio is similar to the rate in the mid-1990s. It was 35% higher in 2005. The price-to-income ratio is now where it was in 2001, and it was about 30% higher in 2005.

During the housing bubble, we saw both prices and sales grow to historical levels fueled by a rapid expansion in mortgage financing. We are clearly not experiencing record sales or record mortgage originations now.

As a result, we are not seeing vacancies increase like they did at the end of the bubble. In 2005, vacancies started to rise before sales and prices reached their peak as a result of flipping activity and overleveraged speculative investing. On the contrary now, vacancies have slowly trended back to more normal levels.

So, today’s higher prices are only to be expected as the economy improves and first-time buyers gradually return to the market. Eventually, those higher prices should encourage more owners to list their homes and builders to start construction on new housing—which in turn should solve the problem of supply.
Posted in:General
Posted by Brent Ferry on May 1st, 2015 1:40 PM
Exciting news for thrill seekers out of SeaWorld Orlando today "Something is stirring beneath the surface at SeaWorld Orlando, preparing to rise from the ocean depths and soar to thrilling new heights. Get ready for the frenzy of SeaWorld’s new 200-foot-tall coaster. In 2016, this thriller will take its place atop the food chain as Orlando’s tallest, fastest and longest coaster. More details on the new addition will surface in late-May. SeaWorld is a one-of-a-kind them park with a variety of attractions including awe-inspiring animal encounters, thrilling rides and spectacular shows. Follow #nothingfaster as the frenzy starts."
Posted in:General
Posted by Brent Ferry on April 24th, 2015 2:18 PM

April 14, 2015

Up to Three Percent Closing Cost Assistance Available Upon Completion of Online Education Course

WASHINGTON, DC – Today, Fannie Mae (FNMA/OTC) announced the HomePath®Ready Buyerprogram, qualifying first-time homebuyers to receive up to three percent of the purchase price in closing cost assistance toward the purchase of a HomePath property, upon completion of an online homebuyer education course.  On a $150,000 home, this could result in up to $4,500 in savings for the buyer.  In addition, Fannie Mae will reimburse the $75 cost of the homebuyer education course at the time of closing.

"Purchasing your first home can be an overwhelming process," said Jay Ryan, Vice President of REO Sales, Fannie Mae. "We developed the HomePath Ready Buyer program to provide first-time homebuyers with the knowledge to make informed decisions as they navigate the complexities of the home buying process. Closing cost assistance provides a cushion many first-time buyers need to more confidently face the financial responsibilities of homeownership."

Fannie Mae has partnered with Framework®, a nonprofit created by the Housing Partnership Network and the Minnesota Homeownership Center, to offer homebuyers a homeownership education course that covers both the complexities of home buying and the responsibilities of owning a home. The course contains nine, thirty-minute sessions and is entirely online.

To be eligible for the closing cost assistance and the reimbursement of the training cost:

  • Buyers must complete the full online HomePath Ready Buyer training course on www.homepath.com and receive the Certificate of Completion.
  • The buyer must be a first-time homebuyer (did not own a property in the past three years) with plans to reside in the property as their primary residence. Auction, pool and investor sales are not eligible.
  • The request for closing cost assistance must be made at the initial offer, submitted on or after April 14, 2015. 

Those interested in becoming a homeowner are encouraged to take the course as soon as possible. The course must be completed before submitting an offer to qualify. For more information on the course and to sign up, visit https://www.homepath.com/ready_buyer.html.

Posted in:General
Posted by Brent Ferry on April 15th, 2015 3:45 PM
Orlando Becomes First Destination To Surpass 60 Million Visitors,
Sets New Record For U.S. Tourism

ORLANDO, Fla., (April 9, 2015) - Visit Orlando, the destination's official tourism association, today announced that more than 62 million people visited Orlando in 2014. The announcement marks a new all-time record for the U.S. travel industry, solidifying Orlando's position as the most visited destination in the nation. Visitation grew five percent from 2013 as visitors from around the world came to experience all that is new across the ever-expanding destination.

"This historic milestone is the latest testament to Orlando's leadership in tourism," said Visit Orlando President and CEO George Aguel. "It's a tribute to the steadfast commitment and continued investment by our tourism community, the special brand of service that greets our visitors and the global marketing and sales efforts of our Visit Orlando team and member companies."

A record 32 million room nights were sold in Orlando in 2014, resulting in bed tax collections topping $200 million for the first time in Orange County, Fla., home to the Central Florida tourism district.

"The impact of tourism on our community is remarkable, and in fact, the travel and tourism industry is the largest generator of jobs and economic impact for our region," said Orange County Mayor Teresa Jacobs. "In addition to delighting visitors and families from around the world, our travel and hospitality industry helps to support a great quality of life for Orlando's residents, including our amazing new performing arts center and outstanding sports venues."

To meet the needs of a growing number of visitors, Orange County has made investments in infrastructure, including investing in an important expansion and renovation of the nationally recognized Orange County Convention Center.

"Passing the 60 million annual visitors mark is a significant achievement for Orlando and the U.S. travel industry that generates $2.1 trillion for the U.S. economy each year," said U.S. Travel Association President and CEO Roger Dow. "Thanks to the close partnership among members of Orlando's tourism community and strong leadership by public officials and Visit Orlando, this popular destination known around the world is well positioned to continue setting records in tourism."

In 2014, Walt Disney World Resort completed New Fantasyland, and The Wizarding World of Harry Potter - Diagon Alley at Universal Orlando Resort opened. Visitors to Orlando in 2015 will experience the first full year of these exciting expansions that opened in 2014 and be the first to see several new attractions, including I-Drive 360, featuring a trio of new attractions from Merlin Entertainments, as well as a multi-year transformation of Downtown Disney into Disney Springs.

In recent years, the Orlando experience has also become more diverse, attracting an increasingly wide range of visitors. Foodies find a surprisingly sophisticated culinary destination, recognized with more "Best of the South" chef nominations by the prestigious James Beard Foundation than any city in Florida for three straight years. Luxury travelers are drawn to the five-star service at the Four Seasons Resort Orlando that opened six months ago, as well as the Ritz-Carlton Orlando and Waldorf Astoria Orlando.

Visitors are also discovering exciting new venues in which to enjoy the arts and professional sports, like the Dr. Phillips Center for Performing Arts and the Major League Soccer stadium coming to Downtown Orlando in 2016.

About Visit Orlando
Visit Orlando is the official tourism association for the most visited destination in the United States, with representation in more than a dozen countries around the world. Visit Orlando, together with its 1,200 member organizations, represents the area's leading industry.

Posted in:General
Posted by Brent Ferry on April 9th, 2015 10:16 AM
Lennar is closing out NEW construction on Vacation Homes in Paradise Palms & has chosen Global to sell the last remaining units!!

One of the most successful short-term rental communities in the Orlando area.

Offering HUGE incentives on the last few homes available.

Please contact:
Brent Ferry, REALTOR
Global Real Estate Services, Inc.
407-506-7857
brent@bferryhomes.com

This is your last opportunity to get a new home at Paradise Palms at a heavily discounted price.

The best time to get into a rental community is at the beginning or end of construction!!
Posted in:General
Posted by Brent Ferry on April 2nd, 2015 11:52 AM

Florida was home to the nation's fastest growing metro area from 2013 to 2014, according to new U.S. Census Bureau metropolitan statistical area, micropolitan statistical area and county population estimates released today.

The Villages, located to the west of the Orlando metro area, grew by 5.4 percent between July 1, 2013, and July 1, 2014, to reach a population of about 114,000. State population estimates released in December revealed that Florida had become the nation's third most populous state. Today's estimates show Florida's growth to reach this milestone was propelled by numerous metro areas and counties within the state.

Florida contained seven of the nation's top 50 numerically gaining metro areas between July 1, 2013, and July 1, 2014, and these areas accounted for more than three-quarters of the state's population gain over the period:

  • Miami-Fort Lauderdale-West Palm Beach (with a one-year gain of about 66,000).
  • Orlando-Kissimmee-Sanford (about 50,000).
  • Tampa-St. Petersburg-Clearwater (about 41,000).
  • Jacksonville (about 23,000).
  • Cape Coral-Fort Myers (about 18,000).
  • North Port-Sarasota-Bradenton (about 16,000).
  • Lakeland-Winter Haven (about 11,000).

In addition, eight counties within these metro areas were among 50 counties nationwide that gained the most population between 2013 and 2014. Collectively, these counties accounted for more than half of the state's population gain over the period:

  • All three counties in the Miami-Fort Lauderdale-West Palm Beach metro area: Broward (with a population gain of about 24,000 over the period), Palm Beach (about 22,000) and Miami-Dade (about 21,000).
  • Two counties in the Orlando-Kissimmee-Sanford metro area: Orange (about 26,000) and Osceola (about 11,000).
  • One county in the Tampa-St. Petersburg-Clearwater metro area: Hillsborough (about 22,000).
  • The single counties that comprise the Cape Coral-Fort Myers and Lakeland-Winter Haven metro areas: Lee (18,000) and Polk (11,000), respectively.

Furthermore, six metro areas in Florida were among the 20 fastest-growing in the nation between 2013 and 2014. In addition to The Villages, they were Cape Coral-Fort Myers (sixth), Naples-Immokalee-Marco Island (10th), Orlando-Kissimmee-Sanford (16th), North Port-Sarasota-Bradenton (18th) and Panama City (19th).

"Florida's ascension, revealed when the 2014 state population estimates were released last December, was a significant demographic milestone for our country," Census Bureau Director John H. Thompson said. "These county and metro area estimates provide a more detailed picture of how this happened, showing growth in areas such as central and southern Florida."

Migration to Florida from other states and abroad was heavy enough to overcome the fact that in about half the state's counties, there were more deaths than births over the 2013 to 2014 period.

Posted in:General
Posted by Brent Ferry on March 26th, 2015 3:19 PM

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