Orlando housing market heats as home prices outpace wages

ORLANDO  — With Orlando home prices rising six times faster than wages in the last year, competition has revved up for condos and townhouses, a new report shows.The smaller, more affordable residential options represented just 12 percent of the 3,508 home sales in an area of mostly Orange and Seminole counties last month. But prices of those units rose at more than triple the rate of single-family houses during the last year, according to a new report by Orlando Regional […]