If only the planets could all align in Central Florida. In the mid-2000′s, condos were so expensive that they weren’t really an option for most first-time home buyers. However mortgages were plentiful for those that could afford them, even with nothing down. Now the pendulum has swung in completely the opposite direction, and the pricing is great for first time home buyers. According to the Orlando Sentinel, the median condo price has dropped from $166,100 in 2006 to only $60,500 this past September putting condos directly in the sweet spot for first-time buyers. The bad news for buyers? lending has dried up to the point that in order to buy one of these cheap condos you have to pay cash. And that’s just not in the cards for most first time buyers. The article in the Sentinel goes on to explain the reasons for the lack of funding but what’s most notable is the idea that Fannie and Freddie overreacted. We would venture to say that the overreaction probably put negative pressure on the prices of all Orlando Condos.