Orlando Regional REALTOR Association Monthly Sales Trend Indicator...
The state had the sixth-biggest increase in the country. Florida was neither first nor last in a study that showed how much home prices have shot up over the past five years. In fact, it was nearly 20% less than the state with the biggest increase. (That state was Idaho, with a 91.9% increase in home prices.) Still, the fact that home prices in Florida have increased 73.5% over the past five years,...
Even before the pandemic, Florida was a magnet for millionaires eager to purchase a tax-friendly retreat. Now, as more high-net-worth homebuyers head further south, the Sunshine State has become home to some of the country's priciest neighborhoods. While cities within New York and California have historically ranked amongst the wealthiest enclaves in America, real estate values in certain areas of Florida...
67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there's good news. Current data shows today's market is nothing like it was before the housing crash in 2008. Back Then, Mortgage Standards Were Less Strict During the lead-up to the housing crisis, it...
Orlando took make-believe adventure and excitement to new heights by building a vast local entertainment and tourism economy over the last half century, anchored by masters of the industry including Walt Disney Co. and Universal Studios. But alongside attractions such as Epcot, SeaWorld and the Hogwarts Express, the Greater Orlando area has been building another economy, this one based on digital...
ORANGE COUNTY, Fla. On Tuesday, leaders in Orange County approved a measure increasing protections for renters. County commissioners unanimously passed the tenant bill of rights. It's different from the rent control plan voters supported in November but was struck down by a judge. With that, Orange County commissioners adopted an ordinance and a specific office of tenant services to help tenants work...
ORLANDO, Fla. Orlando leaders met Monday to talk about possible new rules for bars and nightclubs downtown. The two proposed ordinances passed on a first reading, but they still have to go to a second reading in March. Bar and nightclub owners say they have offered solutions that would not put such a strain on their wallets. "Come up with some ideas. If you don't come up with ideas, we are going to...
ORLANDO, Fla. Channel 9 has shared the issue of Orlando's housing crisis for months. Last summer, the city announced a plan to turn an old hotel into affordable housing units, which is becoming a reality. A developer said they are working to solve the affordable housing crisis by restoring old hotels and other dilapidated buildings. Shantel Garcia said it had been a month since she moved into her new...
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