New Home Purchase Mortgage Applications Spike 54 Percent in U.S.

The Mortgage Bankers Association’s latest Builder Application Survey for June 2020 shows mortgage applications for new home purchases in the U.S. increased 54.1 percent compared from a year ago. Compared to May 2020, applications increased by 20 percent. This change does not include any adjustment for typical seasonal patterns. “The new home purchase market continues to recover…

Read More

Osceola County to offer more grants to small businesses hurt by pandemic

Osceola County is offering more small businesses grants to those hurt by the ongoing Covid-19 pandemic, thanks to federal funding. The county government on June 29 opened its process to apply for funding with expanded criteria. In total, the county will provide about $3.2 million in funding for businesses for certain expenses such as rent,…

Read More

Orange County to vote on pausing some building permit fees

It may become more affordable to build in Orange County — for a limited time — in an effort to spur more construction activity. The Orange County Board of County Commissioners will weigh on July 7 offsetting $10 million in building permits for a six-month period, according to county documents. And developers may be able…

Read More

Florida’s initial unemployment claims show slight improvement

Florida saw a slight decrease in week-over-week first-time unemployment claims for the week ending June 27 — but it still ranked among the worst five states. Total first-time claims in Florida were 84,608, down from 95,683 the previous week, according to the U.S. Department of Labor. Florida was No. 5 in the nation for the…

Read More

DeSantis vetoes $10 million for Osceola’s BRIDG tech center

Gov. Ron DeSantis killed a $10 million appropriation for Osceola County’s BRIDG advanced manufacturing center as part of sweeping round of vetoes aimed at slashing the state budget by $1 billion in the wake of the coronavirus pandemic, according to a report in GrowthSpotter. The BRIDG veto was a gut punch to the $70 million facility that anchors…

Read More

Here’s why evictions are headed to Park Avenue

An eviction lawsuit in Winter Park’s high-end Park Avenue shopping district may be a signal more are coming, experts say, as the pandemic continues to dampen sales for retailers across Central Florida. Winter Park-based landlord Lulu I LLC has alleged its lessee Roia Inc. — which does business as cosmetics shop Elevatione at Winter Park…

Read More

Realtors’ CEO: Real-estate market is on the rebound | Commentary

The word “recession” conjures up thoughts of foreclosures, for sale signs and half-constructed neighborhoods. We are living in uncertain economic times once again, triggering memories of 2008. But unlike the Great Recession, this is a medical crisis — not a real-estate crisis. Now is not the time to panic, but to understand the landscape and…

Read More

Orange County aims to equip another 10,000 small businesses with PPE

ORANGE COUNTY, Fla. — Orange County will be giving out another round of free personal protective equipment to small businesses. The offer comes five days into the new mask mandate that requires most people to wear face coverings in public and is the second PPE giveaway the county has offered for small businesses. Inside the kits,…

Read More