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Orlando Real Estate

Orlando real estate was the envy of the nation for several years and is now going through some lean times.

For those with patience and good credit, yo unow have the opportunity to make smart buys that can benefit you years down the road.

 

Orlando Real Estate

Let’s talk Orlando real estate, just for a few minutes.

When I first started this site, Orlando had normal price gains and then things exploded. House flippers, investors, developers, risky mortgage companies all got in on the action and housing costs increased like crazy.

Now it has been about two years since the peak and housing prices are trying to find the right balance good news is that it is slowly getting there, but the bad news for sellers it could be rough until late 2009 – 2010.

If you are considering moving to Orlando it is a great city with huge potential so in the long run buying a home now means that you might have limited gains over the next 2 -4 years but then after that things should start to get back to normal 4-6% price growth.

Orlando has a lot of home for sale and if will have more as foreclosures increase in the short term. The good news is that jobs are holding up well and growth in new jobs areas is increasing.

Orlando area homes may fall another 5 – 15% and condos may fall further 10 – 25%, but it is hard to tell. While I think the best buys will be between now and August 2009, if you really find a home that you love in a neighborhood that you love make an offer because prices won’t fall forever.
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