Real estate is tricky. One day the housing market is strong and sturdy, and the next day it can burst! If you are looking for a place to invest your money, Orlando, Florida is the location for you! In this booming city, the population is constantly growing. The job growth in only six months has risen 0.9 percent. This year the job growth is 4.7% as opposed to the 3.8% in the last six months.
Orlando, Florida is the location for you!
Home prices are also at a great price! In Orlando the home price is 10%, impressive when compared to the income of 20%. While to some this may be expensive, it really isn’t. This increase in home price indicates that the economy of Orlando is stable. Home prices set the bar for demand of houses and rental homes/apartments.
Orlando, Florida’s job growth is over 3% larger than the national average
Orlando is constantly growing in population and industries. The local economy is thriving as seen in job growth. Orlando, Florida’s job growth is over 3% larger than the national average. Because the city is expanding and growing, companies have begun to build and franchise. These companies feed into the local economy which in turn affects the real estate. The constant growth of this city is great for real estate as it is generally a better bet than those who have little to no growth. There will always be a demand for houses.
Immigrants increase the population and add culture
Orlando, Florida is a good real estate investment because of the variety of people living in a large city. Not only is the city composed of College and University students, but immigrants and the elderly. College students are always looking for competitive rates on real estate and the college brings people to Orlando, from all over the world. Immigrants increase the population and add culture which increases the eyes of potential buyers and renters. Orlando, Florida is also known for their retirees. This real estate investment location would be great for elderly individuals looking for a house to retire in.