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Meanwhile, higher interest rates are making it harder for Central Florida families to afford a new home.
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Orange County leaders say the solution to an affordable housing shortage lies in building partnerships with other counties, and the private sector, to build more inclusive communities with housing for a wide variety of income levels. An upcoming workshop will focus on regulations and incentives to promote the development of affordable housing.
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The price of a home in Orlando has shot up by 11% from the same time last year. That’s great news for people who want to sell, but it’s tough for people who want to buy. We dig into what's driving the real estate market with Orlando sentinel reporter Mary Shanklin, Orlando Regional Realtors Association President Bruce Elliott and home buyer Derek Demeter.
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New foreclosure numbers out of RealtyTrac keep Florida’s foreclosure rate near the top in the nation. But there are some bright spots in the numbers as well.
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While Central Florida remains ground zero in the nation’s foreclosure crisis, new data from RealtyTrac show the number of foreclosure in the state continuing to drop.
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Brevard County is one of the bright spots in the Florida’s economic recovery.That’s according to the Economic Development Commission of Florida’s Space…