Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

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Most Floridians Believe Their Home’s Value Will Rise in the Next 5 Years

September 11th, 2007 · No Comments

surveyThe University of Florida’s Bureau of Economic and Business Research conducted a survey in July of 287 homeowners and found only 5% believed that their home’s value will decline in the next five years. 82% believed their home’s value will rise and only 13% believed their home’s value will remain stagnant. A UF economics professor sites the last time home prices fell and didn’t recover for more than fives years was during the Great Depression and blames the speculative buying wave during the peak years for the state of the current real estate market. David Denslow, the UF economics professor who led the research, predicts that the rate of appreciation in Orlando, Miami, and Tampa to be very low compared to the rest of the state simply because of the surplus inventory of homes

Tags: Market Forecast