Friday, August 15, 2008

Orlando: Florida’s Most Stable Real Estate Market

The overall real estate market in Florida has not fared well since the subprime mortgage crisis reared its ugly head. Miami topped the American Chronicle’s Worst 25 Housing Predictor Forecast in both 2007 and 2008, and was cited as possibly undergoing “the worst housing crash in national history.” But the market outlook in other parts of the state might not be quite so bleak. Just under 250 miles north of ill-fated Miami lies Orlando, the city of studios and theme parks, which is considered to be the strongest and most stable real estate market in the state.

Orlando is the county seat of Orange County in central Florida, and was home to 220,186 residents as of 2006, according to U.S. census estimates. It is surrounded by an abundance of tourist attractions, including SeaWorld, the Walt Disney World Resort and Universal Studios. It is also home to the University of Central Florida, the state’s second-largest university. The Orlando-Kissimmee Metropolitan Statistical Area (MSA) is the third-largest MSA in Florida after Miami and Tampa. To read more click here.

Published on:
Thursday, August 14, 2008
Written by:
Cali Zimmerman