I’m certain that we will see a steady flow of REO’s and Orlando foreclosures come on the market which is great news for buyers. Orlando short sales will definitely continue to be a popular way for sellers to get their home sold when they owe more than their house is worth. This presents good opportunities for buyers to get pre-foreclosure homes before they go offline to linger in bankers’ files for months during the foreclosure process.
The combination of Disney World and warm weather year round is a huge magnet for world tourism which brings a certain amount of price stability that other markets just don’t have. Also, with new home construction basically at a “dead hault”, the existing Orlando area housing market is going to be very strong throughout 2012.
This means great opportunities for Orlando Investors. This also means more work for Orlando Short Sale Agents and pretty much anyone else who is an Orlando real estate professional.
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