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Realtors Claim There's No Bubble In Central Florida

Posted by: Renae
Thanks to: RL Gabrielson
9 October 2005 - 1:00pm

Florida realtors believe that the strong economy in Central Florida, along with an influx of retirees and foreign home buyers, will sustain their record-breaking housing prices.

In three years, Central Florida home prices jumped 73%. A study of fast-growth U.S. markets by the National Association of Realtors shows that Central Florida area is in very little danger of a price bubble.

"The national Realtors' analysis of the Orlando home market concluded that a price decline of 5 percent would occur only if mortgage rates shot up 10.5 percent and the area sustained the loss of 64,000 jobs."

Full Story: Realtors: No sign of price bubble here
Source: The Orlando Sentinel, October 7, 2005
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