In our market news for this week, Orlando properties for sale home prices are said to increase a whopping 5-6% over the next year in Florida a busy market coming!!
REALTORS® expected home prices to increase modestly in the next 12 months, with the median expected price increase at 3.5 percent, according to data gathered from the August 2014 REALTORS® Confidence Index Survey.  Local conditions vary with expectations anchored on factors such as the level of inventory, the state of the local job market, and credit conditions.
The map below shows the median expected price change in the next 12 months by the state of REALTOR® respondents in the June – August 2014 surveys. Respondents from Florida, Texas, Hawaii, and the District of Columbia expected prices to increase in the range of 5 to 6 percent. These states are experiencing strong job growth from the technology and oil industries. Respondents in the Great Lakes area where manufacturing (led by the automotive sector) has made a comeback also expect respectable price growth of 3 to 5 percent.
Familiar with the are? Click here to see how prices are increasing in your community! Or click here to learn more about the local communities and Orlando properties for sale.