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The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market. According to that forecast, the Orlando, Florida real estate market is expected to. the population of Orlando rose by more than 17% from 2010 to 2017..
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She also said applicants must have at least 20 percent equity in their home or, if applying for a new loan, 20 percent down. "But the issue I am running into, the one for the past two years, is an equity problem," Eytchison said. "You get the inquiries but can’t do the loan because people have very little equity in their home now.