Homeownership in Lakeland - A Great Investment

The real estate market has been on a roller coaster for a few years. Trends in history show cycles in fluctuating home values, but values overall continue to increase. Lakeland is located between two major cities Tampa and Orlando. Lakeland is 45 minutes from the gulf coast and beaches. The climate in Lakeland is mild in the Winter drawing many tourists and second homeowners from the North. Lakeland's location in the state and the nation will continue to attract businesses and people looking for opportunity and a warm climate.

Home values in Lakeland have been on a steady decline since 2006. Like most of the nation, the real estate inventory for saleÂin Lakeland has contributed to a slow real estate market. The sub prime loan nightmare has also affected the state of Florida. The struggling economyÂcontinues to affect the local area and has driven prices lower. Foreclosures in Lakeland and Polk County have set the bar for new pricing in the area. Many homes are now selling for $65 and $70 per square foot. Lakeland real estate is a great investment for both homeowners and investors looking to buy and hold. Experts agree prices in the Lakeland area cannot fall much lower than $65 per square foot.ÂÂLakeland's warm climate, location, and proximity to Tampa and Orlando means investors in Lakeland real estate will enjoy great returns in the future.Â