Team Donovan Blog - Brexit

How Will Brexit Impact the Orlando Vacation Home Market?

Posted by Team Donovan on June 29th, 2016

The stunning move by U.K. voters to abandon the European Union has roiled world financial markets in recent days. But what will Brexit’s impact be on the Orlando real estate market?

Some analysts believe the decision could be a boon for home sellers. Mortgage rates, which were already at low rates, have fallen further, making housing more affordable for buyers who wish to finance their purchase. Orlando’s housing market has already been gaining strength.  The Orlando Regional Realtors Association reported that home sales rose 7 percent in May, compared to a year ago. 

Erin Lantz, VP of mortgages at real estate hub Zillow told USNews.com there may be more international interest in U.S. real estate assets in the days and weeks ahead, "because it may be…