Business

One question that's top of mind if you're thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that's probably not the best strategy. Here's why. There aren't enough homes available for sale, but that shortage isn't just a today problem. It's been a challenge for years. Let's take a look at some of the...

The latest headlines about Disney and Florida Gov. Ron DeSantis may paint a picture of a city facing serious headwinds, but in Orlando's housing market, things are looking as stable as ever. Unlike in other cities, home prices aren't dropping in Orlando; they're leveling out. Meanwhile, housing supply remains low, employment is high, and consumer sentiment keeps improving. In short: Things are...

The housing market in Orlando, Florida has remained strong, during the first quarter of 2023. Despite the challenges posed by the COVID-19 pandemic, the city's real estate market has proven to be remarkably resilient over the past several years. Factors such as a strong job market, a growing population, and a limited supply of available housing have all contributed to the current state of the market. One...

In March 2021, a woman in the D.C. area put her house on the market and got 88 bids including 76 all-cash offers and 15 from people who hadn't bothered to visit the property in person. The offers just kept coming, she told CNN at the time. I'm thinking, This is just out of control. That frothy, oozing-over-the-top market has been over for a few months now, and new data suggest that we might be entering a...

A six-story building that will include a hotel, apartments, restaurant, and retail space soon may rise at a busy corner near downtown Orlando and its neighboring Creative Village district. The development team behind the project, titled Westmoreland Square, is seeking approval from the city of Orlando for a master plan for the project, as well as a conditional-use permit for its proposed building height...

Universal Orlando Resort's construction at its future Epic Universe theme park appears to be focusing on the entrance to one of its themed lands. A new Orange County building permit issued for Universal described new construction for "P902/1500H," which, for many fans closely following the project, hints at the rumored Project 902 Classic Monsters themed area. A further analysis of posted site plans on...

A 20-story skyscraper soon may rise from a 1.6-acre property just north of downtown Orlando. New York-based Acram Group wants to build the mixed-use project at 924 N. Magnolia Ave., on the two-building parcel it bought for $6.7 million in 2021, according to documents filed with the city of Orlando. Based on construction industry standards, the project would cost at least $54 million. Currently, the land is...

Up, up, and away: Home prices reach a new record high. How long can this go on? The shortest month of the year managed to pack quite the punch for the housing market. February saw the national median home list price climb to a new record high of $392,000, according to a Realtor.com report. That hefty price tag is up an overall 12.9% compared with the previous year. And while that double-digit percentage...

Orlando housing market added $52B in value in 2021. Here's why it will keep growing Metro Orlando's housing market is worth $283 billion after a $52 billion value bump last year, according to data released by Zillow Group Inc. on Jan. 28. Rapid price increases and a flurry of new home construction across the region in 2021 contributed to this jump in the local residential real estate market's value. The...