Florida Real Estate Economy

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Spring break is almost over, and summer is just around the corner, but that doesn’t stop me dreaming about Florida weather. Florida was known as one of the states hit hardest by the dip in the real estate industry a few years ago. Although the state is still recovering, the state as a whole is recovering thanks to tourism, strong business roots and other key factors. One of the local real estate markets on the rise at the moment is the Orland real estate market. Here’s why:

Spring break, WOOO!!!

Every year starting in March, flocks of thirsty college students flock to the sunshine state for spring break. These students support the finances of many Florida businesses who rely on the annual tourism boom. Many families who want to enjoy spring break in Florida, but want to avoid the rambunctious crowds, will travel to locations like Orlando, where Disney World is right around the corner and the crazy college kids are not.

Housing Prices are Stabilizing

After tough times when home prices dipped to all time lows, things are starting to look brighter for home owners. The number of foreclosures are going down, there appears to be less risk of homeowners defaulting on their loans, and average home prices are rising at a healthy rate. Currently, the Orlando real estate market sits on many “real estate markets to watch” lists.

Orlando is a great community to raise a family. The city is great, the weather is fantastic and the best place in the world for a kid is just a few miles away. If you are looking at homes, I would take a look at Lake Mary real estate and Heathrow real estate options. Both are located in the Northwest suburbs of Orlando and have great local amenities.