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In Daytona Beach, home prices are up 9.07% since Dec. In Orlando, they\u2019re up 8.15%. Relocating Northerners have increased the pressure on existing residents.<\/span><\/span><\/p>\n<\/div>\n

ORLANDO, Fla.\u00a0 The Daytona Beach area ranks 10th in the United States for home price increases since December 2020, with a 9.07% median price hike. Orlando ranks 23rd with a 8.15% jump in the same time frame, according to a report from loan comparison site Credible based on data from home valuation service HouseCanary.<\/span><\/span><\/p>\n

The median home price in Daytona Beach climbed from $259,963 in December to $283,546 in June, according to the report. Meanwhile, the median Orlando home price surged from $293,864 to $317,828.<\/span><\/span><\/p>\n

One reason for the increase: Local buyers in Central Florida have to compete with New Yorkers, Californians and investors, says Christine Elias, Realtor and founder of Winter Park-based Urban Dog Group at Coldwell Banker Realty.<\/span><\/span><\/p>\n

\u201cThe out-of-state buyers are coming with lots of money from other states,\u201d she says. \u201cThey are hurting the people that live here who want to upsize or downsize, so some have pulled out of the market for now.\u201d<\/span><\/span><\/p>\n

Florida metros in the top 25 for price increases since December 2020<\/span><\/span><\/h3>\n
3. Ocala<\/span><\/span><\/p>\n
5. Fort Myers<\/span><\/span><\/p>\n
10. Daytona Beach<\/span><\/span><\/p>\n
13. Punta Gorda<\/span><\/span><\/p>\n
16. Sarasota<\/span><\/span><\/p>\n
18. Panama City<\/span><\/span><\/p>\n
21. Tampa<\/span><\/span><\/p>\n
22. Port St. Lucie<\/span><\/span><\/p>\n
23. Orlando<\/span><\/span><\/p>\n
24. Naples<\/span><\/span><\/p>\n
Orlando homes aren\u2019t expected to become more affordable in the near future. Zillow research finds that Orlando homeowners spend, on average, 19.9% of their monthly income on mortgage payments \u2013 but by the end of the year, they\u2019ll likely shell out 21.6% of their monthly income to make a mortgage payment.<\/span><\/span><\/p>\n
Source: Orlando Business Journal (08\/30\/21) Soderstrom, Alex<\/span><\/span><\/p>\n
\u00a9 Copyright 2021 INFORMATION INC., Bethesda, MD (301) 215-4688<\/span><\/span><\/p>\n<\/div><\/div>\n
Go to Source<\/a>
\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"
In Daytona Beach, home prices are up 9.07% since Dec. In Orlando, they\u2019re up 8.15%. Relocating Northerners have increased the pressure on existing residents. ORLANDO, Fla.\u00a0 The Daytona Beach area ranks 10th in the United States for home price increases since December 2020, with a 9.07% median price hike. Orlando ranks 23rd with a 8.15% jump in the same time frame, according to a report from loan comparison site Credible based on data from home valuation service HouseCanary. The median home price in Daytona Beach climbed from $259,963 in December to $283,546 in June, according to the report. Meanwhile, the median Orlando home price surged from $293,864 to $317,828. One reason for the increase: Local buyers in Central Florida have to compete with New Yorkers, Californians and investors, says Christine Elias, Realtor and founder of Winter Park-based Urban Dog Group at Coldwell Banker Realty. \u201cThe out-of-state buyers are coming with lots of money from other states,\u201d she says. \u201cThey are hurting the people that live here who want to upsize or downsize, so some have pulled out of the market for now.\u201d Florida metros in the top 25 for price increases since December 2020 3. Ocala 5. Fort Myers 10. Daytona Beach 13. Punta Gorda 16. Sarasota 18. Panama City 21. Tampa 22. Port St. Lucie 23. Orlando 24. Naples Orlando homes aren\u2019t expected to become more affordable in the near future. Zillow research finds that Orlando homeowners spend, on average, 19.9% of their monthly income on mortgage payments \u2013 but by the end of the year, they\u2019ll likely shell out 21.6% of their monthly income to make a mortgage payment. Source: Orlando Business Journal (08\/30\/21) Soderstrom, Alex \u00a9 Copyright 2021 INFORMATION INC., Bethesda, MD (301) 215-4688 Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":5550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5549"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5549"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5550"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}