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November 26th, 2007 11:17 AM by David W. Welch
There are a couple of things to consider as we wrap up 2007. First, prices have come down a bit. The median price last year hovered around $245,000, and this year it looks to end up around $235,000. That may not be earth shattering numbers, but it may be all Orlando has to offer in price change. Second, keep in mind that Orlando leads "the nation" in job creation. It has been the number one job market for the last couple of years, and is expected to continue that reign for two more. The job growth in the area coupled with unemployment numbers at 4% or less has brought people from elsewhere in the state and from outside Florida. Net migration into the Orlando area is not as great as it has been, but it is still enough to make for a lot of pent up demand for housing.
Buy now while the buying is good. Also, check out my UCF Knights - the only university in Florida playing for a conference championship. www.davidwelch.com/goknights