Orlando home values outpace the nation. Will they keep climbing?
Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Orlando home prices are appreciating slower than a year ago, but home price growth in Central Florida still leaves most of the U.S. in the dust.
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Metro Orlando’s typical home price increased 13.3% year over year in January, according to new data from Irvine, California-based property analytics firm CoreLogic Inc. That was more than twice the 5.5% uptick that happened nationwide.
Orlando home values have skyrocketed since March 2020 due to a bustling seller’s market driven by migration to the region and record-low mortgage rates. The metro’s home price index is growing faster than bigger markets like Houston (6.9%), Chicago (4.5%) and Washington, D.C. (2.2%).
Click here to read the full story on the Orlando Business Journal’s website.
