#orlandohousingmarket

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Posted @withrepost • @homesbyrau Orlando Housing Market - October 2018 Inventory of homes available for purchase in Orlando decreased as median price continued to rise and sales tip downward. According to ORRA, these are all trends that can be expected in 2019 along with the rising interest rates which is now up to an average of 4.85 percent in October, up from 4.66 percent in September. The Orlando housing affordability index for October is 126.91 percent, down from 127.13 percent in September. (An affordability index of 99 percent means that buyers earning the state-reported median income are 1 percent short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.) The first-time homebuyers affordability index decreased to 90.25, from 90.41 percent in September. Source: ORRA #orlandohousingmarket #florida #marketminutes #orra #realestate (at Orlando, Florida) https://www.instagram.com/p/BqcX8SBHPva/?utm_source=ig_tumblr_share&igshid=1briaac45xv9k