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Homeless struggle on Disney’s doorstep

Posted by: In: Real Estate 29 Apr 2014 Comments: 0 Tags: ,
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Photo: Rhys A

They may not be on the signs, but the homeless families struggling in Florida are as much a part of the state’s housing market as Mickey and friends.

Disney World is one of the most popular attractions in the world, drawing visitors from around the world to Florida, employing locals, driving the local economy and helping to hike up rental incomes for investors.

There are those, though, who are being left behind by the area’s economic growth. In Osceola County, homelessness is a serious problem for many: 1,200 families cannot afford accommodation, reports the Associated Press.

Indeed, US house prices have been rising steadily for many months. The median existing home price jumped 7. 9 per cent year-on-year in March 2014. Florida has enjoyed even stronger growth: condo prices have soared 16.7 per cent annually, according to the Florida Association of Realtors, with prices now rising for real estate for 28 months in a row.

Closed sales volumes for single-family homes increased, but decreased for condos. Indeed, across America, sales have slowed down thanks to rising house prices and rates impacting affordability of property.

This is good news for some, as rental property continues to …read more

Source: The Movechannel

    

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