Florida Mortgage Brokers in Orlando Report Strong First Quarter Sales

There’s an Orlando housing market slowdown? Tell that to a Florida mortgage broker group in the city.

Olde Town Brokers last week announced solid first-quarter sales despite, the Orlando housing market slowdown that has also plagued other parts of the state.

Orlando-based Olde Town saw home sales total nearly $60 million for the first three months of 2007. Phil Rampy, owner and broker of record for Olde Town, attributes some of that success to the company’s new offices in Sanford and Winter Park.

In 2006, Olde Town exceeded $240 million in contracted sales, which included more than $60 million from CondoHQ, its affiliate firm focused specifically on the Florida condo market.

In addition, the company’s new office in Sanford recently was nominated for a preservation award by representatives from the Sanford Historic Trust Board. The office near downtown Sanford, a restored home built in 1905 which was converted into commercial space, has most of its original exterior structure.

The success of the company bodes well for Florida mortgage activity as 2007 presses on. Warm weather and reduced prices should cause may hesitant buyers to open up their wallets and bank accounts.