New data indicates a buyer’s frenzy in Orlando for 2016
Orlando, FL -- (SBWIRE) -- 02/01/2016 -- Orlando Realty Consultants says that the Orlando real estate market is changing in 2016, and that homes aren't staying on the market for nearly as long due to a number of factors.
A "buyer's frenzy" is being seen across the area market already, a trend that is expected to continue throughout 2016. Single family homes and condos alike are now seeing the biggest gains in real estate appreciation since 2007, and it's not uncommon for a home to sell above the asking price in some Orlando neighborhoods.
Very low mortgage rates are leading to record numbers of people applying for home loans, with FHA loans for first time buyers coming in at an all-time high.
More information about the Orlando real estate market can be found at http://orlandorealtyconsultants.com/buyers.
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