"In Depth: America's Worst-Selling Housing Markets"
http://www.forbes.com/2008/03/31/homes-risky-property-forbeslife-cx_mw_0331realestate_slide_2.html?partner=playlist&thisSpeed=20000
Click on the link for the slide show of the markets Forbes calls the worst selling housing markets. If you ask me, the flip side is that these are the "best buying markets", and Orlando is number two. The numbers they quote in their article must include the entire metro area which is five counties. When you read my Orlando Real Estate Blog, I focus on the the tri-county "core" area, so the numbers are a bit different.
The article does not go into the economics of any of the markets, and I cannot speak about the other nine mentioned. I can tell you that Orlando is still expected to be one of the top job markets in the nation. I will also tell you that Orlando is continuing to grow in population, and builders are not really starting any new projects. Interest rates are still low (but rising), and the prices in Orlando are lower than they were a year ago by about 10%. Pending sales have increased about 150% since the beginning of the year to just over 3,000.
My recommendation: Buy A Home - It's OK!
www.davidwelch.com
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