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Will Orlando Be The Hotspot For Real Estate Investing In 2019
Orlando, a widespread growing economy
Orlando is one of the prominent destinations of the United States, is home to some of the most fantastic and scenic beauties of the world. It is famous for its delightful beaches and an urbanized fast-moving economy. Florida’s market overall is doing quite great. The report shows that real estate prices have increased by 6% which is quite well as compared to other competitive markets across other states of the US and even other countries. As per reports by Zillow, people who are planning to buy a house for the first time can find the best possible prices in Orlando, Florida. However, 2019 real estate forecast also informs a similar pattern wherein Orlando and other cities in the state of Florida could find a dream place for themselves. The report also suggests that Orlando shall see 5.3% growth in the housing market. However, in the past year, the housing market has moved upwards by 8.6% with around $230,300 value of an average median house, according to the reports by Zillow.
Investment in Orlando in 2019
Due to the exponential growth in the population of Orlando in the last 5 years, the economy of the city has been growing at the rate of 7.2% annually. This number is double the national average of the US. This number also indicates that the housing market and the economy of the city will also see a growth in the coming years of 2019 as well. However, the parameter of buying the best houses is indicated by the demand for houses and rented properties. One more pertinent point is that the age of the population residing in the city is between 25 and 44. It shows that the city is an attraction for students, young professionals etc. Another important point is that as there is a higher percentage of the young population in the city, investors are likely to invest in Orlando in the coming year as well.
Affordable housing in Orlando
The city also has some of the most affordable housing markets wherein the housing prices have stabilized as compared to other cities where the prices have skyrocketed. The recent report by PwC and Urban Land Institute ranks Orlando in the top 5 best markets for real estate investment. The report is titled at Emerging Trends in Real Estate in 2019.
I am a native central Floridian who prides herself on being a dynamic and empowering force in the community. My enthusiasm for helping others grow, through cooperative efforts, have made me a formid....