The 2017 forecast is in – and the figures for home building in Orlando look bright. According to Realtor.com – an online platform that allows individuals to search for real estate property and information – Orlando has been listed among the top 100 fastest growing metro areas in the United States for both existing homes and condos, as well as newly built.
Sales growth for the Orlando area for 2017 is estimated at more than 6 percent, with anticipated price gains of 5.8 percent. These numbers actually place Orlando among the top ten U.S. cities, along with Los Angeles, Phoenix, Boston, Raleigh (North Carolina), Portland (Oregon), Tucson, Riverside (California), Sacramento, and Jacksonville (Florida). This prediction on gains far exceeds the expected rise in home prices nationally of 4.6 percent.
Currently, home values throughout Osceola, Lake, Seminole, and Orange counties are the highest among the country’s top metropolitan areas – even just a few short years after Orlando led the nation in foreclosures. Some current home listings are selling within just days – or even hours – of coming to market.
With mortgage rates expected to rise in the future, now could be the perfect time to move forward on your dream of building a new custom home in Central Florida. If you are considering building a new custom home in Orlando or the surrounding area, we can help. Rare Builders is known for our outstanding quality and innovative design in the residential construction arena.
We are well versed in building single-family, as well as multi-family residential custom homes – and we take pride in ensuring that our customers get exactly what they are dreaming of when it comes to making a home truly theirs. For more information on how you can get started on your dream home, Contact Us.