Report finds Orlando-Kissimmee has turned the corner
In its report 'The Changing Prospects for Building Home Equity', the
Washington-based Center for Economic and Policy Research finds Orlando-Kissimmee, FL, has turned the corner from negative to
positive equity.
"In the Spring of 2008, we released a report comparing ownership and rental
costs. Recently released data enables us to not only update our findings but
also assess what our analysis says about the progress that has been made
toward finding the bottom of the housing market...
"We find the prospects for building equity by 2012 somewhat improved in 36
cities; though we only predict that two cities, Cape Coral-Ft Myers and
Orlando-Kissimmee, FL, have turned the corner from negative to positive
equity...
"In fact, markets in Orlando-Kissimmee and Cape Coral-Fort Myers, Florida
have lost their bubble status since our last report, due to the rapid
deflation of house prices" say the authors.
Posted: 5 December 2008
Source: The Center for Economic and Policy Research, Washington, D.C., October 2008
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This report was referenced in The New York Times 'It May Be Time to Think About Buying a House' 5 Dec 2008
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