Orlando Affordable Housing Declines

Statistics published by NAR (National Association of Realtors) indicates less people are able to purchase a home in 2005 as compared to 2003, even though home sale numbers were even for the past three years. Two issue facing buyers are market prices are rising faster than annual incomes, and rising mortgage rates. During the International Builders Show in Orlando and 2 research organization reported that local government regulations added as much as 30 percent to the cost of a newly built home. Courtesy of Orlando Sentinel 3/6/06.