| November 11, 2004 |
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Located only 45 minutes from the beach and within 15 minutes of some of the most famous family-oriented attractions in the country including Disney World and Sea World, Orlando is also a thriving business center in central Florida.
"The Orlando housing market is still strong," says Realtor Jared Dalto. "Orlando is still the hot spot for relocation in Florida. Orlando boasts a beautiful city with shopping and entertainment. All indicators are pointing to another increase in home prices this year in Orlando. New construction in Orlando is still booming but slowing down a little. Opportunities are still here. Orlando new homes is sometimes the way to buy. Many people buy a resale home and one may find the same value and price in new construction to be equal. With interest rates at just under 6 percent many home seekers are looking to find a home or investment in Orlando before the rates increase again. Local areas will always have their desirable neighborhoods that will command buyers and sellers any time of the year."
They add, "This was the busiest hurricane season in memory here in Orlando, but the market is rebounding and has adjusted to a more reasonable pace. Although existing home sales declined in August 2.51 percent, the year-to-date sales are ahead of 2003. Statewide the median sales price rose 15 percent and statewide sales of single-family resales gained 3 percent according to the Florida Association of Realtors (FAR). With interest rates falling this week to less than 6 percent, the Orlando market will continue to see activity...although inventory is still low." |
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