Orlando Housing Market Soars, but Affordable Options are Scarce | The Orlando Advocate

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Florida’s Intangible Tax and Mortgage Tax Stamp Big Cost for Seniors! Currently, the intangible tax is imposed at the rate of $1.50 per $500, or $3 per $1,000, based upon the loan amount. That means a person financing a property for $550,000 pays $1,650 in intangible tax. Georgia’s limit on the intangible mortgage tax is $25,000, but that would involve a mortgage totaling over $8 million.

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Orlando's Hottest Neighborhoods: Where the priciest homes were sold during Q2.. These are the least (and most) affordable housing markets in the country.

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New independent findings from both Florida Realtors and the Federal Home Loan Mortgage Corporation, a.k.a. Freddie Mac, show promising developments for Florida’s housing markets. Freddie Mac’s latest Multi-Indicator Market Index, or MiMi, puts Orlando as the nation’s fastest-growing market, with 19.54% improvement over this time last year.

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