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Orlando is a major city in Florida with a population of just under 2.1 million, and known nationwide a major tourist destination. Orlando is home to more theme parks and entertainment attractions than anywhere else in the world, including Universal Orlando Resort, SeaWorld Orlando, and most notably Walt Disney World, which are all well-known attractions that help lure some of Orlando’s 43 million annual visitors. In addition to tourism, Orlando’s economy is fueled by major activity in the industrial and hi-tech sectors, and is known for the technologically innovative products it produces. The Orlando real estate market was significantly impacted by the recession, with property values dropping 64.8% over the past 5 year period. Orlando foreclosure rates have been high in recent years, with approximately 11,617 homes currently in the foreclosure process. Popular neighborhoods in the Orlando area include Meadow Woods and Lake Nona, with average listing prices of $150,600 and $548,200, respectively. Find your next Orlando, FL home by browsing the extensive inventory available at Houses.com.
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