Posted on: May 1, 2013
A recent article from the Orlando Regional Realtor Association (ORRA) reports that home values in Orlando are on the rise, due to a low interest rate of 3.21%.
The ORRA found that median home values in Orlando have increased by 20% since February 2012. These promising statistics are reflected across the board in all sales types.
The ORRA Chairman, Steve Merchant, optimistically explains that “we are in a solid seller’s market with minimal inventory and huge demand from buyers seeking to take advantage of interest rates”. Orlando homes have now met the halfway point from their 2007 values – which shows just how far the market has already come.
There has been an 11.54% increase in sales this February, compared to last February. More good news: foreclosures have decreased by 6.69%, and the affordability index is 248.38% (an affordability index over 100% means those who earn a median-level of income make more than is necessary to qualify for a median-priced home).
As our investors know, the time is certainly ripe to buy in Orlando, Florida. The market continues to become stronger and we are seeing extremely favourable trends.
MSR Americas has long known the value of Florida investment properties. Our clients enjoy predicable net rental revenue of 8 to 10% returns on their investment, and the potential for significant capital appreciation.
>> Join our free Investor Registry for news about the housing market and available investment properties.