Fla.'s Housing Market: Rising Median Prices In June

Fla.'s Housing Market: Rising Median Prices In June

Florida's housing market is experiencing tight supply and pent-up demand. That's affecting the pace of sales and putting pressure on statewide median prices. Florida's economic growth, rising jobs outlook and acclaimed quality of life continue to draw new residents eager to call the Sunshine State home.

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Mattamy Homes Enters Short-Term Rental Market

Mattamy Homes Enters Short-Term Rental Market

Mattamy Homes has purchased 1,650 new lots for a regional expansion in places including the northwest corner of Osceola County near Walt Disney World, which will see the debut of Mattamy Homes into the Vacation Rental market. Solara at Westside will include more than 900 lots, and will feature resort-style amenities, town homes and single-family homes.

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Orlando No. 1 On 2016 Best Cities For Recreation List

Orlando No. 1 On 2016 Best Cities For Recreation List

Because July is National Park & Recreation Month — who knew? — WalletHub decided to take a look at which metro areas are doing the best as far as investment in their recreation and public spaces by comparing the 100 largest U.S. cities across 35 key metrics, ranging from park land acreage to the cost of movie tickets.

Orlando ranked No. 1 among WalletHub's 2016 Best Cities for Recreation.

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Central Florida Home Prices Above National Average

Central Florida Home Prices Above National Average

Central Florida home prices are up by 6.9 percent compared with May 2015. Orlando-area home prices also saw a month-over-month growth, increasing by 1 percent over April. Statewide, Florida ranked No. 6 in year-over-year home price increase at 7.3 percent. Oregon and Washington came in at No. 1 and 2 at 11 percent and 10.1 percent, respectively.

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Aviation Authority Board Reviews South Terminal Concepts

Aviation Authority Board Reviews South Terminal Concepts

Further illustrating a focus on the future was a presentation by renowned airport architect Curtis Fentress. His summary of preliminary designs for the South Terminal Complex featured descriptions and the first visuals of proposed project advancements for the $1.8 billion first phase.

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Belfast International Welcomes Virgin's Expansion To Orlando

Belfast International Welcomes Virgin's Expansion To Orlando

Belfast International Airport business development director Uel Hoey said: “There was enormous excitement around the debut of non-stop flights last year from Belfast with Virgin Atlantic and Virgin Holidays and the weight of demand has exceeded all preliminary expectations.

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Mako - Orlando's Tallest, Fastest & Longest Coaster Now Open

Mako - Orlando's Tallest, Fastest & Longest Coaster Now Open

MAKO™, a 200-foot-tall hypercoaster, will become the tallest, fastest and longest roller coaster among Orlando’s popular theme parks.  The coaster anchors a two-acre realm — Shark Wreck Reef — that also includes SeaWorld’s existing Shark Encounter attraction, interactive learning exhibits and dining and shopping options.

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Florida’s Median Prices, Sales, Listings Rise In May

Florida’s Median Prices, Sales, Listings Rise In May

Florida's housing market is growing at a more moderate pace. New listings for existing single-family homes rose 5.8 percent compared to a year ago, while new listings for townhouse-condo properties rose 4.3 percent. While a tight housing supply is having an impact in many areas, still-low mortgage rates, increased jobs and economic growth will continue to boost housing demand.

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Orlando Home Sales Rise 7% Over The Last Year

Orlando Home Sales Rise 7% Over The Last Year

Orlando’s inventory of available homes is 11 percent below where it was this time last year and continues to impact both sales and price. Regardless, we are seeing a small trend of increasing sales that illustrates buyer enthusiasm for our current historically low interest rates and steadily rising values.

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Orlando International Breaks Through 40 Million Annual Passengers

Orlando International Breaks Through 40 Million Annual Passengers

“The passenger growth reported for April is an indicator of predicted strong Summer traffic,” says Phil Brown, Executive Director of the Greater Orlando Aviation Authority. “We’re expecting an increase of almost 8 percent in airline seat capacity into the market when compared to last year.”

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Orlando's Home Inventory Declines 11 Percent In April

Orlando's Home Inventory Declines 11 Percent In April

Even though sales are up by comparison, there is just not enough quality choice to meet demand. At this point REALTORS® are encountering a lot of owners who are tempted by rising values to sell their current home to either upgrade or downsize. But since it’s so difficult to find a replacement they stay put, which further suppresses inventory.

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Benchmark Hospitality International Announces The Grove Resort & Spa, Orlando

Benchmark Hospitality International Announces The Grove Resort & Spa, Orlando

Uniquely set only five minutes from Walt Disney World's west entrance, The Grove Resort & Spa will harmoniously blend connectivity and seclusion. The hotel will offer convenient access to Orlando's prime entertainment locales and iconic parks, including Magic Kingdom, Animal Kingdom, Epcot, Disney's Hollywood Studios, and the ESPN Wide World of Sports Complex.

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Record First Quarter Traffic At Orlando International Airport

Record First Quarter Traffic At Orlando International Airport

A significant contributor to the busy first quarter was a record breaking Spring Break and Easter holiday travel season, which combined to give Orlando International its busiest days in airport history. During this period, at peak, approximately 160 thousand travelers per day moved through MCO.

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Orlando Again Named As A U.S. Property Investment Hotspot

Orlando Again Named As A U.S. Property Investment Hotspot

The new survey is the Best Markets Top Ten List for Real Estate Investing for Quarter 1, 2016, which has been published by HomeVestors and Local Market Monitor. Throw in the fact that Orlando is the top tourist center in the United States, with the world’s top theme parks, including Walt Disney World® resort, Universal Orlando Resort, Legoland Florida and SeaWorld Orlando drawing in more than 66 million people a year, then it a winning argument.

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U.S. Vacation Homes 28% Capital Appreciation According to the NAR

U.S. Vacation Homes 28% Capital Appreciation According to the NAR

With more vacation buyers purchasing single-family homes (58%) compared to a year ago (54%), the share of those buying a condo (25%) or a townhouse or row house (13%) decreased in this year’s survey. Encouraged by rising housing demand and home prices, more than 80% of both vacation buyers and investment buyers believe that now is a good time to purchase real estate.

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Orlando Visitors Double In 20 Years To Hit New Record

Orlando Visitors Double In 20 Years To Hit New Record

The all-time high, announced by tourism body VisitOrlando, represents a 5.5% rise over 2014 and again means that Orlando is the number one US visitor destination. A major contributor to the increase is the fact that passenger number at Orlando International Airport rose by more than 72%, reaching 38.8million in 2015.

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Passenger Traffic Continues To Soar At Orlando International Airport

Passenger Traffic Continues To Soar At Orlando International Airport

During February, 24 of our 32 scheduled airlines posted an increase in seat capacity adding more than 470,000 seats. That is up 13.7 percent over last year. Leading the way was Frontier Airlines which added 145,000 seats to the market.

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Now Is The Time To Buy In Orlando

Now Is The Time To Buy In Orlando

The buoyant activity of the residential housing market, combined with a strong and vibrant local economy continues to enhance the worldwide appeal of Orlando, very evident in the continued high level of international interest and investment to secure funds in the safe-haven of Central Florida.

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