Orlando Needs 47k Construction Permits

Dated: 09/21/2016

Views: 180

A recent study by the National Association of Realtors found many U.S. metros fall short of new home construction when compared to demand, according to a recent article by floridarealtors.org (http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=343007) In particular, the Orlando-Kissimmee-Sanford metro area ranks 63, just two places behind Tampa-St. Petersburg-Clearwater, on the list of Florida metro areas with a 4 to 1 ratio of number of houses needed versus the number of new homes under construction based on the number of new jobs.

What does that mean for buyers and sellers? It could mean that home prices may continue to rise while there's a lack of supply of inventory. It would appear that it may be a good time to sell if owners are thinking about getting top dollar for their home. However, it may also mean those same people may be paying above-retail price to buy another home.

To take advantage of this opportunity to sell at a higher price, call me today 407-579-1423.


– Jason W. Little


Latest Blog Posts

Equity Growing In Lowest Tier Report

Equity Growing in Lowest Tier: ReportBy RISMedia Staff Buyer demand is highest for starter supply—and entry-level homes are appreciating faster than others as a result, according to an

Read More

Amazon Closes In What Hq2 Means For Housing In The Top 20

Amazon Closes In: What HQ2 Means for Housing in the Top 20By Liz Dominguez Amazon is a step closer to finalizing its HQ2 plans, having narrowed its sights on the top 20 contenders after

Read More

Survey Finds Hidden Costs Of Homeownership

Survey Finds Hidden Costs of HomeownershipBy Taylor Tepper  Share This Post Now!(TNS)—Your day burns brightly on both ends.You prod your kids out of bed at daybreak, get them dressed, fed

Read More