The Orlando Condo Blog

Orlando's Real Estate Pulse…

Orlando’s OK

Published: 04 December 2006 - Author: Marcus Burke

BOA Building OrlandoAll this talk of a housing bust. It ignores the fact that real estate is a local phenomenon, which means that the reality is that some towns are doing ok and others are not. And of those that are not, some will recover quicker than others. The trick to investing in real estate is in figuring out exactly what’s going on in the town you’re looking to buy.

According to UCF’s Institute for Economic Competitiveness, the ongoing influx of people into the Orlando area means Orlando’s (real estate) future should be safe. When it comes to growth: “Florida will be above the national average, and Orlando will be above Florida.”

So next time you turn on the news, remember central Florida is not California, it’s not New York – and that’s why we’re here. It doesn’t snow, and we don’t pay $2000 a square foot.

Yet.

translation

Trackbacks & Pings

  1. Orlando is safe bet when it comes to condos at condoDomain on 11 Dec 2006 at 9:27 am

    [...] by way of Condo Metropolis [...]

  2. Orlando Sees Condo Sales Slump at condoDomain on 24 Jan 2007 at 8:56 am

    [...] Despite my protests to the contrary, Orlando has seen a fairly dramatic slowdown in condo sales during the last six months. The entry of large numbers of condo investors looking to make a quick buck swelled sales throughout 2005, but 2006 saw most investors make an equally quick exit, leaving the market sluggish. With Orlando 2nd in the nation for condo conversions during the same time period, there’s a lot of inventory left on the shelf. [...]

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