Orlando Realtors find weak pulse in housing market
Existing-home sales figures released Monday show there just might be
reason to think the Orlando housing market is struggling back after hitting
rock bottom.
For the third month in a row, house and condo sales in the Orlando area rose
on a month-to-month basis, the number of pending contracts increased, and
the inventory declined a bit.
The Orlando Regional Realtor Association said Monday that, from the
industry's perspective, the local housing market appears to be continuing a
"slow shift" toward a more balanced mix of buyers and sellers.
Paul Auslander, a veteran financial planner in Orlando, said he travels
throughout Florida a lot and thinks Central Florida's housing market is in
better shape than other big metro markets farther south.
Auslander said that he has seen more
Europeans snapping up second homes and other property in the Orlando area in
recent months to take advantage of the weakness of the dollar.
Posted: 10 June 2008
Source: Orlando Sentinel
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