Orlando housing fares well nationwide

Orlando joins Washington, D.C., the big Texas metros and Phoenix in leading the way in job growth, seeing one-year growth of 11,500 jobs, or a 1.1 percent growth rate in non-farm payroll employment, the report said. The Orlando market most recently reported an 11.9 percent unemployment rate.

Meanwhile, investors are capturing one-third of all sales in Orlando, along with the former bubble markets of Atlanta, Las Vegas and Phoenix, helping absorb distressed properties. Florida averages a 12-month supply of homes on the market, while the Southeastern United States averages a 16-month supply, Texas averages nine months and California leads the pack with just a five-month average supply.

Irvine, Calif.-based John Burns Real Estate Consulting offers housing research, advice and consulting services to builders/developers, banks/lenders, investors and building product manufacturers.