Housing industry roars back

The number and value of Orlando area conventional mortgages nearly doubled during the first nine months of the yea

Orlando Home mortgage numbers, values double in 2012
Orlando Home mortgage numbers, values double in 2012

r — another confirmation of a rebounding housing market.

There were 26,639 conventional mortgages issued in Orange, Osceola, Seminole and Lake counties from January to September worth $4.7 billion, compared to 14,735 worth $2.3 billion issued during the same period a year earlier, according to Springfield, Va.-based MortgageDataWeb.com.

The value of the average Central Florida mortgage was $175,759, 13.9 percent higher than the $154,292 average for the same period a year ago, the latest data showed.

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