ORLANDO, Fla.
Orlando saw a spike in housing sales in February. And home values went up too, according to the latest report from the Orlando Regional Realtor Association.
While sales this past February were 30% lower than the booming housing market the year before, sales were up nearly 34% from January to February. The spike comes just one month after the Orlando housing market hit its lowest point in sales since January 2009.
Now is a good time to buy, said realtor Emma Reichert.
Reichert explained the increase in sales.
For several reasons: One is it’s still affordable, more affordable in Central Florida to own than rent. We’re at a tipping point right now, she said.
Reichert said another reason for increased sales is because the Federal Housing Administration loan limit has been increased to $472,000.
The feds really have kind of kept up with home values, she said. That’s a significant amount of money to buy a home with, especially in Central Florida.
Article on WESH 2
