South Florida home prices on the rise to start 2012
Recent data indicates that the opportunity to buy inexpensive homes for sale in Florida could be rising. Real estate appraisal firm Clear Capital reports prices rose in the south 0.6 percent during the first quarter of 2012. Additionally, Orlando earned the top spot among Florida cities in the study's highest performing metro markets, and ranked fifth overall in the nation.
This research shows now may be the ideal time for homeowners to invest in Orlando property.
"With the exception of the Midwest, positive growth in rolling quarter-over-quarter prices is an encouraging sign that markets are rebounding from the winter slow down earlier than usual," said Dr. Alex Villacorta, Director of Research and Analytics at Clear Capital.
Investment data indicates plenty of foreclosed homes are available in Orlando. The study revealed more than a quarter of the city includes foreclosed properties owned by lenders. You may encounter higher home prices in Orlando as banks' property inventory decreases.
You may want property on the beach or near the attractions of Disney World, and rising prices mean that waiting could cost you more money to buy your dream home.