Realtors Claim There's No Bubble In Central Florida

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.

1 minute read

October 9, 2005, 1:00 PM PDT

By Renae

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."

Thanks to RL Gabrielson

FULL STORY: Realtors: No sign of price bubble here

Friday, October 7, 2005 in The Orlando Sentinel

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