The Sunbridge extension has been in the works for over 20 years, yet there’s no sign of real progress. By the time it’s finally built, many of the families moving in will have seen their kids grow up and move out. Meanwhile, Winter Garden continues to thrive as the place to be, unlike newer developments like Horizon West, Lake Nona, and St. Cloud. These areas seem like little more than cash grabs, with developers rushing to build without proper county planning or adequate infrastructure.
Yeah, I follow about 100 units in Wintergarden area Davenport in Claremont. I see nothing but volume of list things and price reductions daily. I’m hoping it comes down more so I can buy more.
I’m no expert and might be wrong but as a resident here in lake county specifically Bella Collina in Montverde for the last 2 years, I must say I feel like this area in the next 5 years is really going to boom. With so many amazing projects coming and development I remember When I first moved to Bella Collina I felt like their would be new buyers every so often, but now I see lots and new construction happening left and right all of a sudden. Can you do a video about lake county? I feel like this area is really going to be a hot spot here soon.
Would love to see you do an update on STR communities in Kissimmee. I’ve noticed Margaritaville homes selling significantly less than people purchased them for in the last 1-2 years.
Timberlane shores had a 160% increase! That's wild. So for Disney parks my family was going from out of state once or twice a year for several years. Lately their prices have been so egregious we decided on the crayola experience since we only had a day coming off of a cruise. A single day pass for a family of 5 was simply egregious for Disney. We will still go but the pricing has driven us to review other vacation option, because some of the magic is sapped when you feel like you're steps away from having to take out a loan to cover tickets, hotel/Airbnb, food, etc
Prices are rapidly decreasing in my area. (Apopka) While inventory is spiking like crazy. One of my neighbors has had their house listed for over a year now and just keeps reducing the price. Do you think it will drop like 2008-2010 again?
Sometimes it’s the realtors dropping the price and of course the age and area of the home. I had a home there sold in 2019 and it doubled in value. 😭 also there’s more demand for the 450+ homes bc northerners are coming here and paying cash and homes under that are unaffordable to first time buyers due to interest rates. Renting is more affordable all way around considering homeowners insurance and HOA’s .38% of ppl own their homes outright the highest ever.
How is homeowners insurance impacting home sales in central Florida? I see horror stories of people who can't afford to live near the coast anymore, has that impacted the Orlando area?
Depends on the Company and how knowledgeable the insured is . I have seen where in Non Flood zones Or no possibility of inclement weather damage Insurance companies are factoring in projected climate changes in order to quote high premiums. Also buyers agents are doing the same thing to try and low ball if home has been on the market for more than 60 days Only at the time of purchase if financing due you have to have insurance after that you can self insure. Pays to be knowledgeable. I need to be more myself
I just got a job offer at epic universe being a lead technician. It’s kind of a pay cut from what I’m doing now, but the opportunities seem to be better with universal. I’m looking to buy in the area, but I have no clue where or how much I would need. I would also need to sell my current home here in Ohio.
You may want to rent first before you buy. Florida is so much different than Ohio and by renting you can take your time to figure out where you want to live. Best wishes.
Yea I was thinking of renting first but the more I look into it it’s so expensive. Taking the job has a lot of upside and benefits but not much more pay, it’s actually less. The more I research, the more I’m on the fence. This economy is not for the weak 😢
Renting is much cheaper and it’s coming down at the moment. Might be more than you would pay there but you can use those apps for that as well. Sometimes renting a house is better too.
Ken, a factor not mentioned in your predictions are political impacts...IF their are mass deportation of workers, federal job reductions to include remote and telework options of out of state workers who relocated to FL, VA disability reductions and increase in SS working age, I suspect that there will be a significant drop in homeowner drive, particularly in Polk and Osceola counties where many retirees, federal employees and hourly workers call home. Yes, the road infrastructure is great (Southport Connector, Ponciana Pkwy, I4 widening, etc.) but we have yet to see the effect of these proposed policies and impacts they will have in these communities that drove a lot of central FLs growth. Guess we'll see in six or so months...hopefully u will come back to this thread and compare/contrast.
@@DruKisimmee1234 mass deportations will lead to more jobs in Trades not sure how many federal Remote Jobs but I would think they had an office at one time and surely didn’t move to another state while working remotely if they did that was risky. True Telework wouldn’t be affected. Just my humble opinion
Spring oaks in Altamonte went up way more than that. The houses that were 300K pre covid are now selling for 600 k. These houses are not worth over half a million dollars...
I see some downward pressure on Zillow but it might just be the locations I'm looking at. Lots of price reductions and 30-60+ days on the market. I appreciate this video!
I lose all respect if you quote Lawrence Yun. Why any NAR pays dues to support this guy is beyond me. He is the proverbial real-estate cheerleader spouting in one way or another..."There's never been a better time to buy." Yun is probably one of the worst economists to project about the economy, real-estate or otherwise.
I used Yun because he was even more conservative than Fannie Mae’s predictions. Fannie Mae predicts 4.71M sales in 2025, which is a massive jump over 2024, but still 1.4M short of 2021. Thanks for the comment 👍🏽
Thinking of buying or selling a home in Greater Orlando? We’d love to help. Visit theorlandoreal.com/youtube to get started
Ken, I'm a fan. You're an inspiration for realtors in CF
Any chance you can reduce the music volume slightly on the next one?
The Sunbridge extension has been in the works for over 20 years, yet there’s no sign of real progress. By the time it’s finally built, many of the families moving in will have seen their kids grow up and move out. Meanwhile, Winter Garden continues to thrive as the place to be, unlike newer developments like Horizon West, Lake Nona, and St. Cloud. These areas seem like little more than cash grabs, with developers rushing to build without proper county planning or adequate infrastructure.
Yeah, I follow about 100 units in Wintergarden area Davenport in Claremont. I see nothing but volume of list things and price reductions daily. I’m hoping it comes down more so I can buy more.
Thank you for telling us that
I’m no expert and might be wrong but as a resident here in lake county specifically Bella Collina in Montverde for the last 2 years, I must say I feel like this area in the next 5 years is really going to boom. With so many amazing projects coming and development I remember When I first moved to Bella Collina I felt like their would be new buyers every so often, but now I see lots and new construction happening left and right all of a sudden. Can you do a video about lake county? I feel like this area is really going to be a hot spot here soon.
Would love to see you do an update on STR communities in Kissimmee. I’ve noticed Margaritaville homes selling significantly less than people purchased them for in the last 1-2 years.
Timberlane shores had a 160% increase! That's wild. So for Disney parks my family was going from out of state once or twice a year for several years. Lately their prices have been so egregious we decided on the crayola experience since we only had a day coming off of a cruise. A single day pass for a family of 5 was simply egregious for Disney. We will still go but the pricing has driven us to review other vacation option, because some of the magic is sapped when you feel like you're steps away from having to take out a loan to cover tickets, hotel/Airbnb, food, etc
Would love to see what’s happening with the new Golden Oak construction.
Prices are rapidly decreasing in my area. (Apopka) While inventory is spiking like crazy. One of my neighbors has had their house listed for over a year now and just keeps reducing the price. Do you think it will drop like 2008-2010 again?
No prices will stay flat for the next 3-5 years and incomes will catch up.
Sometimes it’s the realtors dropping the price and of course the age and area of the home. I had a home there sold in 2019 and it doubled in value. 😭 also there’s more demand for the 450+ homes bc northerners are coming here and paying cash and homes under that are unaffordable to first time buyers due to interest rates. Renting is more affordable all way around considering homeowners insurance and HOA’s .38% of ppl own their homes outright the highest ever.
@@MIMI-D also about 70% of those with mortages are locked in at 4% or below.
2008 2.0 is around the corner !
@@jackkk9211 I'm guessing you are young if you are saying that. Nothing like 2008.
How is homeowners insurance impacting home sales in central Florida? I see horror stories of people who can't afford to live near the coast anymore, has that impacted the Orlando area?
Depends on the Company and how knowledgeable the insured is . I have seen where in Non Flood zones Or no possibility of inclement weather damage Insurance companies are factoring in projected climate changes in order to quote high premiums. Also buyers agents are doing the same thing to try and low ball if home has been on the market for more than 60 days Only at the time of purchase if financing due you have to have insurance after that you can self insure. Pays to be knowledgeable. I need to be more myself
I just got a job offer at epic universe being a lead technician. It’s kind of a pay cut from what I’m doing now, but the opportunities seem to be better with universal. I’m looking to buy in the area, but I have no clue where or how much I would need. I would also need to sell my current home here in Ohio.
We help with this exact situation. Happy to help. Email us at info@pozekgroup.com
You may want to rent first before you buy. Florida is so much different than Ohio and by renting you can take your time to figure out where you want to live. Best wishes.
Yea I was thinking of renting first but the more I look into it it’s so expensive. Taking the job has a lot of upside and benefits but not much more pay, it’s actually less. The more I research, the more I’m on the fence. This economy is not for the weak 😢
Renting is much cheaper and it’s coming down at the moment. Might be more than you would pay there but you can use those apps for that as well. Sometimes renting a house is better too.
You just have to really stay on top of the market.
Realistically how long does it take from start to finish to find a home to move in ? Based on financing and closing.
Closing takes 30-40 days. We could find you something within a week if needed!
@@kenpozekthank you!
Thank you!.
Thanks for watching!
Ken, a factor not mentioned in your predictions are political impacts...IF their are mass deportation of workers, federal job reductions to include remote and telework options of out of state workers who relocated to FL, VA disability reductions and increase in SS working age, I suspect that there will be a significant drop in homeowner drive, particularly in Polk and Osceola counties where many retirees, federal employees and hourly workers call home. Yes, the road infrastructure is great (Southport Connector, Ponciana Pkwy, I4 widening, etc.) but we have yet to see the effect of these proposed policies and impacts they will have in these communities that drove a lot of central FLs growth. Guess we'll see in six or so months...hopefully u will come back to this thread and compare/contrast.
@@DruKisimmee1234 mass deportations will lead to more jobs in Trades not sure how many federal Remote Jobs but I would think they had an office at one time and surely didn’t move to another state while working remotely if they did that was risky. True Telework wouldn’t be affected. Just my humble opinion
Good. If you’re ILLEGAL, we welcome the deportations. Put American citizens FIRST.
Deport them all. We have enough work visa migrants here.
Spring oaks in Altamonte went up way more than that. The houses that were 300K pre covid are now selling for 600 k. These houses are not worth over half a million dollars...
I see some downward pressure on Zillow but it might just be the locations I'm looking at. Lots of price reductions and 30-60+ days on the market.
I appreciate this video!
Home values are crashing throughout Florida.
@@Dee-w5y what do you consider crashing, location is a huge factor. I’m noticing a 5-10k reduction at the final sale
2008 2.0 is around the corner!
2008, like the event coming soon !
Never believe anything coming from National Associatiion of Realtors. When is the best time to buy? It is always now.
It needs to go up in 2025, I plan to sell a house in Thornton park next fall when my tenant leaves
ooohh I may be interested. We live in Colonialtown North now!
I lose all respect if you quote Lawrence Yun. Why any NAR pays dues to support this guy is beyond me. He is the proverbial real-estate cheerleader spouting in one way or another..."There's never been a better time to buy." Yun is probably one of the worst economists to project about the economy, real-estate or otherwise.
Okay internet troll 💩💀 if you are gonna trash talk atleast show Ken all of the houses you’ve personally sold
🤷🏼♀️
I used Yun because he was even more conservative than Fannie Mae’s predictions. Fannie Mae predicts 4.71M sales in 2025, which is a massive jump over 2024, but still 1.4M short of 2021. Thanks for the comment 👍🏽
@@christymarcum811 None. Retired from JLL.