The real estate market in Central Florida typically cools down in the fall and into the holidays, but the signs are pointing to a red hot housing market as the year begins to wind down. Buyers are searching for improved work-from-home and virtual learning setups with greater space inside as well as out, whether local or out of town.
During the month of October, there was a 25 percent rise in home prices across Orange, Seminole, Osceola, and Lake counties, per the Orlando Area Realtors Association, with the average home price increasing by 11.6 percent.
Improved air quality and additional rooms with a view are a few of the items buyers have added to their home buying wish list this year.
We should expect house prices to rise much further as this climate progresses as demand rises and inventory shrinks.
Remember that if you’re seeking to purchase a home in some of the above-mentioned counties, Monroe Funding Corporation may help you achieve your buying and investing goals. We offer quick approval and lenient terms.
To read more, visit https://www.wftv.com/news/florida/central-floridas-real-estate-market-thriving-during-pandemic/KFIIPG3L3VHGHBH7X74NV2NZS4/.
This update is by hard money loans Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money lenders Palm Beach or Orlando hard money lending, please call 954-816-0388 or fill out our application.