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Quick Stats
Good morning Orange County! Check out the news below!

There are a couple of things that could affect your appraisal from the appraiser’s side. We’ve seen situations where appraisers have performed appraisals in markets in which they have had very little experience. In these situations, the appraisals can come in way short.
 
Redfin’s CEO said in February that he expects housing-market conditions to get worse before they get better.  
Tiny homes offer an exciting living option somewhere between renting and buying –– and ever-practical young professionals are biting.

Real estate alternatives: 8 reasons millennials are choosing tiny homes
 
Interest from prospective home buyers in Northern states have propelled two Florida counties -- Sarasota and Collier -- to the top of the nation's fastest-growing luxury housing markets, according to the May 2018 Luxury Home Index from realtor.com®  
From all of us at OCPA, we want to say thank you to all the dads out there. Have a Happy Father's Day weekend!  
Becoming a father was the happiest moment of my life and I am beyond blessed with two amazing children. Happy Father’s day to all of the fathers, and may you enjoy the day with your children.

- Rick Singh
 
SunTrust Plaza at Church Street Station, a 28-story commercial high-rise with office space and a hotel, is planned for the corner of Garland Avenue and South Street in Orlando. (HuntonBrady Architects/handout)- Original Credit: handout- Original Source: SunTrust (HuntonBrady Architects / Courtesy photo)  
A Winter Park based firm specializing in custom home builds was named best custom home builder in the U.S. Founder Phil Kean is one of the most experienced green builders in Central Florida, garnering 13 different awards for sustainability.  http://ow.ly/Igt830kwrR0  
Congratulations to the Orange County Property Appraiser, Rick Singh, for being on the cover of IBA Success Magazine! Make sure to pick one up and read all about him!  
Celebrating the cover release of Orange County Property Appraiser Rick Singh on the cover of IBA Magazine with his staff!  
To use the "vending machine," the buyer must first purchase a used vehicle from Carvana's website. Instead of getting the car delivered to their home, the car is instead transported to the vending site the following day where the buyer is given a medallion to put into the coin slot.  
As we officially enter hurricane season, the U.S. Dept. of Energy offers some information and resources to stay informed and prepared.
http://ow.ly/ZxDz30krN0R
 
The Orange County Property Appraiser, Rick Singh, joined the people of the community to honor the memory of the 49 angels who were taken 2 years ago from Pulse.  
Please join us on Facebook Live at 2:50pm today, as Property Appraiser Rick Singh with his staff gather to remember the 49 lives lost in the Pulse tragedy.  
  Two years ago, our City Beautiful was thrust in the midst of a tragic incident that took 49 precious lives. We remember the victims’ and their families, and will never forget them. We also remember another thing: Floridians are tough; we are resilient, and above all, we stand together. I humbly serve this county as your property appraiser, and each day when I walk out on the beautiful streets of Orlando, I am greeted with such happy and delightful smiles of people who are also proud to be a part of this community. To all my constituents that I zealously serve, I stand in solidarity alongside you, and support you.

-- Rick Singh, Orange County Property Appraiser
 
This summer, we're bring our office to your neighborhood with satellite offices. Our knowledgeable staff will answer questions about property tax exemptions like Homestead, Military/Disabled Veterans, Limited Income Senior and more - For details on dates and locations visit
http://www.ocpafl.org/satelliteoffices.aspx
 
Tokyo overtook London as the world’s busiest real estate market in the first quarter of 2018, with mega-deals and an unusually positive economic outlook driving demand.  
Know the rules of your loan, or else it will cost you a pretty penny...  
Be prepared Orange County...  
Home ownership is calculated by dividing the number of homes owned in the numerator with the number of homes owned and not owned (rented) in the denominator. But the data is not on a per capita basis. Asian American home ownership rates may be high partially because home ownership is measured at the household level.  
Rise and Shine Orange County!
Shaquile O’Neal is asking $28 million for his home, which he bought in 1993 for $3.95 million and has since added thousands of square feet of space. When it comes to listing price, his worst nightmare by comparison might be 9912 Lake Louise Drive, which listed at $16.5 million in 2015 but sold for half that.
 
An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters. Annual average earnings growth has remained below 3 percent even as house price rises have averaged more than 5 percent over the last few years.  
American Campus Communities, Inc. reports it has signed a non-binding letter of intent to lease land from a subsidiary of Walt Disney World Resort here to develop a $615-million student housing project for the participants of the Disney College Program.
http://ow.ly/8phG30kncMV
 
  American Campus Communities, Inc. reports it has signed a non-binding letter of intent to lease land from a subsidiary of Walt Disney World Resort here to develop a $615-million student housing project for the participants of the Disney College Program.
http://ow.ly/8phG30kncMV
 
Orange County Property Appraiser, Rick Singh, did it AGAIN! Front page of the Orlando Sentinel today - "Orange County again sees 'record breaking' growth in property values." Be sure to pick up the local paper to read more about the growth!
http://www.orlandosentinel.com/news/orange/os-orange-county-property-values-tax-roll-20180605-story.html
 
Your Property Appraiser, Rick Singh, has some exciting updates for you about Orange County! Check back on our page in 5 minutes for a LIVE! Update.  
  The month of June is Pride Month. It is a month-long observance of lesbian, gay, bisexual and transgender (LGBT) history, along with the history of the gay rights and related civil rights movements. This month was chosen to commemorate the Stonewall riots, which occurred at the end of June 1969. As a result, many pride events are held during this month to recognize the positive impact LGBT people have had in the world.  
Where are our Horizon West followers today?

Two parcels of land in Horizon West spanning 108 acres might soon host about 500 homes. The project, known as Lake Austin, is located west of Avalon Road, south of Grove Blossom Way and east of Lake County.
 
WalletHub rates best cities for a fun-filled #staycation. Guess what city topped the list?
http://ow.ly/neTU30khWs1 #loveorlando #orlandoFL
 
“It still makes sense to invest in real estate for diversification in the portfolio, but the market timing is less good than it was a few years ago,” said Thomas Veraguth, a Zurich-based real estate strategist at UBS Global Wealth Management’s Chief Investment Office  
New listings for single-family homes in April rose 9.8 percent year-over-year, while new townhouse-condo listings increased 8.3 percent. If this trend continues, it should help ease the too-tight inventory in many areas.
http://ow.ly/WBAt30kgKXI
 
“Overall, the residential land market in Florida is very strong as a result of the improving economy, combined with the continued influx of almost 1,000 people per day to the state,” Saunders said. “As demand for residential development land increases, sales of agriculture land in the paths of progress increase. With the capital earned from selling land for high development prices, sellers are reinvesting in other rural agriculture land."  
Join us at Lexus of Orlando for IBA Success Magazine Cover Release Mixer featuring Rick Singh on June 14 - RSVP TODAY!
http://ow.ly/mHvA30khVjW
#RickSingh #LexusOfOrlando #ShowRoomFloor #CoverReleaseMixer
#orlandoevents #realestatenews #orlando #business #networking
 
Property values for Orange County continue to increase, topping last year’s numbers. The market value of properties in Orange County is up 8.4 percent from $171.9 billion in 2017 to $186.3 billion.  
Orlando area leads manufacturing job growth in 2018 among the 71 largest metros, racking up 23.6% growth since 2012 and 7.9% last year. Companies like Lockheed Martin and Siemens Energy have led the charge to bring advanced manufacturing jobs to the area.
http://ow.ly/H4rL30kgLlP
 
We are here today at the 50+ Expo at the Renaissance Senior Center of Econlockhatchee Tr answering questions and giving information to our seniors about other exemptions they may qualify for such as Limited Income Seniors and disabled Veterans, for more information please visit our website at ocpafl.org or call our office at 407-836-5044 to find out if you may qualify!  
Property values for Orange County continue to increase, topping last year’s numbers. The $3.6 billion in new construction averages out to $9.8 million per day, which is an increase of $1.3 million per day over 2017.  
Property values for Orange County continue to increase, topping last year’s numbers. Orange County's 2018 taxable value increased 9.3 percent, from $119.3 billion in 2017, to $130.5 billion.  
Prices for single-family homes were up across the nation by about 7% annually as of March. But Las Vegas led the pack of metros, with the largest annual price hike, 12.6%, as of March, according to real estate data firm CoreLogic's recently released Home Price Index. (That's higher than San Francisco, where single-family homes were 10.8% more expensive year over year.)  
Last Thursday, President Donald Trump signed legislation rolling back some of the lending restrictions enacted in response to the housing boom and bust. While the new law doesn’t entirely do away with those financial reforms, it does have some significant implications for home buyers.  
  Good morning, Orange County! At the Property Appraiser's Office, Rick Singh ensures that we treat all our constituents with dignity and respect. We hold our professionalism to a standard unlike any other and take pride in that, for you! As Mahatma Gandhi once said:

"A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so."
 
After wrapping up our State of Lake Nona event, we're getting VERY excited to be gearing up for our next signature "State of" event - The State of Orange County Real Estate. We will have more information for you in the coming days. We will have a dynamic panel of industry insiders who will provide a wealth of knowledge, like the ones below did for the State of Lake Nona Real Estate... stay tuned.  
A Florida-based private-equity firm is doubling down on an investment strategy focusing on the graying of America.  
Just as a reminder, our office will be closed on Monday, May 28, in honor of Memorial Day. From all of us at the Orange County Property Appraiser's Office, Happy Memorial Day weekend.  
According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years, with Orlando being the TOP destination! Where will you be traveling to this weekend?  
Theme parks expansions and record-breaking tourism numbers are drawing more foreign real estate investors than ever, but who some of these investors are - and where they're investing - might surprise you.  
Have you visited us lately? Our customer satisfaction rating exceeds expectations! We have a wait time of 1.5 minutes in our lobby before you are serviced by one of our professional service staffs, and if you call us, you will only be on hold for 36 seconds at most! As always, if there is anything we can do for you, please let us know, we are happy to serve!  
While in office, Orange County Property Appraiser, Rick Singh, has returned over $750 million to the tax base, a historic high. This is what we call fair and equitable for the people we serve. We are happy to serve you. To learn more about how our office can provide services for you.  
As Orlando home prices continue to rise significantly faster than average wages, competition is heating up for smaller more affordable options like condos and townhouses.  
  • 457,085 Parcels
  • 287,008 Single Family Residential
  • 49,965 Residential Condos
  • 20,361 Townhomes
  • 72 Timeshares
  • 4,291 Multi-Family
  • 910 Apartment Complexes
    • 128,418 Apartment Units
  • 288 Hotels
    • 87,022 Hotel Rooms
  • 117 Mobile Home Parks
    • 12,927 Mobile Homes
  • 4,790 Manufactured Homes
  • 25,058 Vacant Residential
  • 13,918 Commercial
  • 50,307 Other