The Orlando Real Estate Market: Fast Growing While Avoiding the Bubble

Last year, the US Census Bureau ranked Orlando the 20th fastest growing city in the country. The city’s rapid growth made the Orlando real estate market one of the hottest in the state and the nation.

This past year, Orlando real estate development and construction has thrived. Thousands of new business and homes were built as more and more residents set their sites on both the metropolitan area and surrounding suburbs.

Even though residential Orlando real estate became such a hot commodity, its prices remained relatively affordable, while other sections of Florida saw prices ballooning out of control. This affordability is probably one of the primary factors that has kept Orlando growing steadily, even into 2006. Thanks to affordability, the Orlando real estate market may have also avoided the housing bubble that seems to be looming over so many other cities in Florida.