Orlando Home Prices Up Again in September 2016.
Orlando-Kissimmee-Sanford home prices, including distressed sales, increased by +7.4% in September compared with September 2015. On a month-over-month basis, home prices increased by 0.7% in September compared with August.
Home prices nationwide also increased year over year by 6.3% in September compared with September 2015 and increased month over month by 1.1% compared with August, CoreLogic said.
“Home-equity wealth has doubled during the last five years to $13 trillion, largely because of the recovery in home prices,” said Frank Nothaft, chief economist for CoreLogic. “Nationwide during the past year, the average gain in housing wealth was about $11,000 per homeowner, but with wide geographic variation.”
The CoreLogic HPI forecast indicates that home prices will increase by 5.2% on a year-over-year basis from September 2016 to September 2017, and on a month-over-month basis, home prices are expected to increase by 0.3% from September to October.
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Orlando Florida, USA