Orlando Real Estate Economic Growth Essay

Orlando Real Estate Economic Growth Essay

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Orlando Real Estate Outlook
The real estate industry in Orlando FL continues to benefit from changing demographic trends and long-term economic growth. The other contributing factors include increased propensity for job growth in the private sector. In 2014, the price of houses in Orlando appreciated by 4.7 percent in line with the national appreciation rate. Between 2012 and 2014, the appreciation rate in Orlando area was 40%, compared to the national average of 28%. Following the appreciation, a home purchased in Florida around 2009 would on average appreciate in value by $33,641 five years later. Other statistics indicate that in 2015, the annual Orlando housing market prices appreciated by 15.46 percent, with a median price increase of 9 percent. The Median price stood at $178,000 in 2015, against the 2014 figure of $164,000.

Some of the most attractive neighborhoods in Orlando for real estate investors include; Pine Hills, Meadow Woods, Lake Nona, Vista East and Metro West. The 2015 average listing price for homes for sale in Lake Nona and Meadow Woods was $675,026 and $238,159 respectively. Despite the growth in the housing sector, Orlando continues to experience problems with delinquent mortgages and foreclosures. However, analysts expect the housing market in Orlando to continue posting growth, thanks to low unemployment rate, continued job growth, low mortgage rates, high affordability and the entry of millennial home buyers. The properties available for sale and rent in Orlando include; single family homes, duplexes, villas, condos, townhomes, studios, community housing, apartments and lots.

Real Estate Management
Property management entities can help homeowners in a variety of ways including; placing a prop...


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... resources and time. The cases typically involve a number of parties including banks, buyers, architects, sellers, and contractors among others.

Hiring an experience litigator can help you solve the disputes in good time. The most common real estate litigations involves boundary disputes, title defects, collection issues, title disputes and buyer and seller agreements. When it comes to transactions, a real estate lawyer can offer critical legal advice to various parties including materialmen, builders and developers. The advice may cover areas such as property development, negotiation, drafting and document review and transactions. Mortgage companies often hire real estate attorneys to help them with bankruptcy cases. The lawyers can also help creditors recover their properties through eviction, foreclosure and replevin through representation in the court of law.


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