Forbes names Orlando as one of the best cities to buy a home
Posted By Shayla Phillips on Mon, Feb 5, 2018 at 3:28 pm
- Photo by Rob Bartlett
If you plan on buying a home in Orlando, now is apparently the time.
Forbes recently announced that Orlando is currently the best city in the nation to buy a home, due to prices increasing by 9 percent in 2017.
Citing Local Market Monitor, a website that tracks housing markets, Forbes says home prices in Orlando are projected to increase by 35 percent over the next three years. This puts the City Beautiful at the No. 1 spot for home housing investments, followed by Provo-Orem, Utah, at No. 2 and Jacksonville, Florida, at the three.
This study does fall in line with last quarter’s census figures, which put Orlando’s homeownership rate at 63 percent, up from 57 the year prior, reports the Orlando Sentinel.