A real buyer's opportunity
A real financial opportunity
A real pricing opportunity
A real choice opportunity
A real quality opportunity
A real local opportunity
A real limited opportunity

A real local opportunity

Homebuyers in Central Florida couldn't be in a better time - or a better place. Our region remains one of the most popular growth areas in the nation. In fact, between 1994 and 2004, Orlando's population increased by more than 32%, trailing only Phoenix and Atlanta as America's fastest growing cities, according to Woods & Poole Economics 2006 Profile.

This explosive growth is expected to continue well into the future, at a rate projected at more than 23% in the decade between 2004 and 2014. In fact, only Phoenix is expected to grow more rapidly.

New residents arrive in Orlando by the hundreds each day. Last year alone Orlando welcomed an average of 1,249 new adult residents each week, according to the Orlando Sentinel Communications Databook.

Tourism and convention business, a burgeoning high-tech sector and continued growth in the housing industry contribute to a healthy Central Florida economy. In fact, the regional unemployment rate averaged just 3.6% during 2005, lower than both state and national figures. According to Workplace Central Florida, as of November 20, 2006 the local unemployment rate stood at just 3.1%.

If history is any indication of future prospects in the residential market, it's important to note that between 2002 and the end of the third quarter of 2006, the median price of a home in the Orlando metropolitan area almost doubled, going from $136,600 to $271,000. And strong appreciation is expected to continue. According to Kiplinger's Personal Finance, seven Florida cities are among the nation's top 20 markets where appreciation rates will be the highest from now until 2010. Orlando ranked 4th, with 72% appreciation projected.

What this all means is that demand will soon match the supply. A home purchase today is still one of the best investments you can make. And as long as today's buyer's market lasts, a real opportunity exists.

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Florida population and developed land projected to double over next 50 years

"The Central Florida region will experience 'explosive' growth, with continuous urban development from Ocala to Sebring, and St. Petersburg to Daytona Beach. Orange, Brevard, Indian River, Pinellas, and Manatee counties are expected to build out in the period from 2020 to 2040, so population is projected to spill over into surrounding counties in the region."