Housing industry roars back
The number and value of Orlando area conventional mortgages nearly doubled during the first nine months of the yea
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.