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Orlando is hottest market for single family homes

January 11th, 2017 9:42 AM by Brent Ferry

Real estate firm Ten-X's winter market report based on current and forecasted housing fundamentals lists Orlando as the hottest market for single-family homes. Palm Beach county, Fort Lauderdale, and Tampa together with Dallas join Orlando in the Top 5 Metros.

"The Orlando housing market continues to make substantial strides in its recovery. Metro employment is up 4.1 percent year-over-year, supported in large part by its booming leisure/hospitality sector that comprises over 21 percent of local employment. Payrolls are at an all-time high, some 27 percent above their prior peak. Home prices jumped 4.4 percent this past quarter, eclipsing $200,000 for the first time since 2008. Up 11.2 percent year-over-year, home prices have outpaced US annual growth for 20 straight quarters, with room for additional growth as prices remain 17.3 percent below their prior peak. Population growth has exceeded two percent for four consecutive years, and Orlando's economic outlook is among the best in the nation."
Posted in:General
Posted by Brent Ferry on January 11th, 2017 9:42 AM


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