Orlando Sales Fall, Disney's $40B impact, and the LARGEST listing

Рет қаралды 15,047

Күн бұрын

Orlando home sales fall for 5 straight months, but what does that mean for actual home values? Disney Parks put out a study done by Oxford Economics regarding their local economic impact. Plus your questions are answered on this episode of Orlando Real Recap!
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Ken Pozek is a licensed real estate agent with Keller Williams Elite Partners. License number BK3313335

Пікірлер: 51

@kenpozek 5 ай бұрын

Thinking of buying or selling a home in Greater Orlando? We'd love to help! Visit www.theorlandoreal.com/youtube/ to get started. We have over 760 5 Star Reviews on Google, and have helped over 2,000 clients with their real estate needs. We'd love to help you next!

@GunnarsGames 7 ай бұрын

All sales are falling everywhere, nobody can afford anything, what I don’t understand is how stores are still packed and everyone spending money, we make over $250k a year and even feel the squeeze.

@kenpozek 7 ай бұрын

Interest rates dropped 1%. Needs to come back to 5 or so before we really see things pop

@renechang2406 7 ай бұрын

@@kenpozekYup

@renechang2406 7 ай бұрын

@LifeProTips21Yup. That is debt shopping keeping up with the Jones scenario. Most people consume Few invest

@jct23 7 ай бұрын

Credit cards

@dkarimian 7 ай бұрын

I like this quick format. Thanks for the Orlando updates Ken!

@kenpozek 7 ай бұрын

Hey! Thanks for the feedback. I really enjoy it too. Just trying to keep bringing the value

@winstonsmith6204 7 ай бұрын

Dude, i see some of the other real estate channels. Yours is leaps and bounds ahead. Keep the energy, my friend. Heading back to central Florida today. Trust me, when the company grows I'll reach out to you and your people for my house in C.Flo ("See Flo")

@kenpozek 7 ай бұрын

Ah man. That means the world. Thanks for being an OG subscriber. Look forward to helping some day

@mxsquad 7 ай бұрын

Liking the quick format Ken! Great info, thank you.

@kenpozek 7 ай бұрын

Thanks for watching and the feedback!

@jcasaubon 7 ай бұрын

Quick format is great!! 👍

@kenpozek 7 ай бұрын

Thank you!

@seanslawns 7 ай бұрын

Kenny P with another BANGER!

@RobertAndriano 7 ай бұрын

Median price going up doesn't necessarily mean houses getting more expensive. It could mean the proportion of lower prices houses is decreasing. Numbers are more easily skewed when there are fewer data points (sales)

@adamduckworth3335 7 ай бұрын

Happy Thanksgiving, Ken. Always love watching your videos.

@anamariamelo8536 6 ай бұрын

Just went to Europe and I was saying why we don’t have trains like they do it will solve so many issues

@juanquinones733 6 ай бұрын

Thanks for mentioning a little about transportation. I’m a Orlando lynx bus driver. Which should be talk a little more about. Also I went to my first Magic game and I live near the poinciana sunrail station. Never understood why the train doesn’t work on weekends. So I had to drive. Sun rail needs weekend service

@aishaalamoudi599 7 ай бұрын

Disney's economic impact was always hovering around level, just from reported tax income to the state, but I've never seen an official study break it down. I think it's a positive thing to focus on how the two sides can help each other rather than acrimony.

@kenpozek 7 ай бұрын

Totally agree

@RodPriester 7 ай бұрын

Florida has so much potential without Disney…climate, healthcare, and Miami is well on it’s way to becoming the premier financial center in the country….future definitely looks bright for the sunshine state….

@casperthegm741 6 ай бұрын

So long as they can find a way to bring home and auto insurance back under control, and keep up with infrastructure demands, then yes, I agree with that.

@5797029 7 ай бұрын

I drive the I-4 express lanes a couple of times a week. The traffic volume on all lanes is heavy again. We already "need a bigger boat".

@Sir-Ray 6 ай бұрын

No doubt the import of Disney. That report however is not independent as it was commissioned by Disney.

@mtebor 7 ай бұрын

With sun rail coming in, is there a need for bright line to go to Tampa? Will they use the same rail at the airport?

@Andy-kw5nw 7 ай бұрын

I’m so proud to be a life long Floridian that I wanna go to the Ford dealership and buy a F-250 superduty so I can drive it at 88mph on the left lane while I’m not pulling or hauling nothing like everyone else.

@EndCorporateWelfare 7 ай бұрын

With the way insurance, HOA and property taxes are going, I'll be saving much more by renting. Theres pent up demand but theres also pent up inventory. I'll keep waiting to see how it plays out. No point on taking a risk on a depreciating asset in uncertain times. Appreciate the update.

@andretigiovaneti7587 7 ай бұрын

Smart.

@kurdi98k 7 ай бұрын

Worst market since 08 no doubt about that. Actually 08 was better because there were bargains to be had.

@kenpozek 7 ай бұрын

I’d love for some bargains tbh.

@tatisarmento1666 7 ай бұрын

Can you comment about Harmony area in St. Cloud ? Thanks

@buyfixrentrepeat1270 7 ай бұрын

Are you not doing the Thursday podcast thing anymore ?

@kenpozek 7 ай бұрын

We sure are! Just took a couple weeks off for the holidays :)

@MandalorianFanboy 7 ай бұрын

People buying now thinking they will be able to easily refi at a lower rate next year may be in for a big surprise, as it is highly likely the US Government ends up implementing the emerging market playbook once tax receipts drop further. This means increased government spending/ increased deficit spending. The only other option is to drastically cut spending (not gonna happen) or massively raise taxes (will crush the economy) and neither option is politically viable. The world is waking up to the fact that loaning money to America means you are 100% going to get debased. Even if the Fed cuts rates...they don't control the long end of the curve. We are likely heading into a period of stagflation...low growth and high inflation. Buckle up.

@kenpozek 7 ай бұрын

“Marry the house, date the rate” is the worst gd advice ever. Buy the house if you can afford it and it fits your lifestyle. Refi at a lower rate and you’re lucky. That should be how we look at it.

@repboy1 7 ай бұрын

Uk 🇬🇧 guy that lives in Orlando , when I lived in the uk 🇬🇧 I could get to all the places I worked really easy by train or bus. Even though I had a car it was easier to use the train . I would love to see that happen here.

@star_platinum2821 7 ай бұрын

since GIVE KIDS THE WORLD is not going to have there big Christmas light theme this yr can you do a video on some other options for christmas

@aishaalamoudi599 7 ай бұрын

I gave CFTOD a chance to somehow function well & maybe make a deal and the lawsuits drop, but unfortunately the opposite is happening. It turns out you need to know the company and district you're governing; morale is in the toilet, 40 employees (300y of experience) resigned and their exit surveys are acidic, including the fire chief. The Fire dept couldn't reach a deal with the board over the stipends replacing their benefits Then there's scandal after scandal after scandal. They're ruining the district.... Disney is expanding significantly in all parks except Florida: they just opened world of Frozen in Hong Kong to great fanfare, Tokyo & Paris will open their Frozen next year, Shanghai's Zootopeia this December, they're awaiting Cali's approval for a similar expansion. I don't see them doing something that big in Florida in the current climate, its economically unastute. It's frustrating.

@redtiger7268 6 ай бұрын

The 40 employees were less than 10% of the total workforce. This is standard turn over. It was just written to drive the narrative. The disgruntled employees main complaints is they are no longer getting Disney perks and has nothing to do with the new board. The main issue was that no company should have the power to control a district. Even in the old guidelines it was specifically stated that Disney was not be in control nor be the sole beneficiary of decisions. Try opening a hotel in the district without paying the Disney extortion fee, can't do it.

@aishaalamoudi599 6 ай бұрын

@@redtiger7268 it's not normal turnover, it's not retirement, it's people resigning and telling you exactly why in their exit surveys. They didn't resign over perks despite such perks being standard and are given by all parks in the state including Universal, Sea World...etc. This is a standard case of incompetence and corruption and the entire district attests to that. They cancelled the last meeting cause they were caught in a media storm giving a no-bid contract to a friend. They themselves told you so when they cancelled it after defending the decision didn't turn out well. All this nonsense of trying to portray "perks" as "bribes" is laughable and is rightfully mocked by all outlets so far. They keep trying to retaliate against the district and continue to fall on their face. Even now the husband of those on the board is accused of r4pe and even Republicans are asking he resigns.

@redtiger7268 6 ай бұрын

@@aishaalamoudi599 Per the Bureau of Economic Labor and Stats 8% is standard turn over for most office style jobs in larger corporations. You are probably going to try and excuse and defend the last audit that flat out states everything the old RCID was illegal. Those people that left did so because they were bought out by Disney. Those "perks" you mention are Disney EMPLOYEE perks. Now tell me why should a board member that is supposed to represent an entire district not solely associated with Disney get those perks? How about defend how RCID took tax payer money and spent $300 million to build the parking structures at Disney Springs. Those garage are for the sole benefit of Disney and not the district. Once this is all done you will see the major corruption that took place.

@aishaalamoudi599 6 ай бұрын

@@redtiger7268 40 people resigning is a huge deal, it's not like we need to guess why they did it, their exist surveys are public and they laid it all out; it's brutal. This is what happened: that board got dragged through the mud with an unending deluge of scandals and tales of incompetence. This attempt to call standard benefits & perks "bribes" is pathetically transparent and is widely mocked by media. Last scandal: The Moms for Liberty co-founder on the board is in the midst of a r4pe allegation against her husband; it turns out she herself was involved in some depraved sexual acts with her husband and the girl accusing them. Even DeSantis asked him to resign. .....It's funny how Karma works.

@devin1229 7 ай бұрын

Gah! I have to sell my home as I’m building a new one… hopefully people will buy it. Seems like the market may be crashing?

@casperthegm741 6 ай бұрын

Same situation, here. Build will be done in February. Market seems generally stable, as far as prices go. Not a ton of demand due to higher interest rates (though it's getting better), but also not a lot of people selling houses right now, so low inventory is actually helping keep prices where they are, or a bit higher.

@sweetnessoverload8787 7 ай бұрын

So are u saying the housing market is going to crash in 2024?

@kenpozek 7 ай бұрын

Not sure where that may have come from. No. I think it’ll be up 2-3% (which is healthy) in Orlando. A lot less than the 5-15% appreciation we saw every year since 2020. The moment we have rates in the 5s again, we’ll have another pop in values. The pent up demand is palpable

@mikejhart214 7 ай бұрын

What is driving your impression interest rate drops to 5% in the future? When do you think this will happen?

@kenpozek 7 ай бұрын

@mikejhart214 finally getting a like warm jobs and inflation reports. Treasuries dropped. Rates dropped 1% last week. It’s moving that way. Even if it takes 18 months.

@mikejhart214 7 ай бұрын

@kenpozek I like your optimism. Been seeing reports of 20 to 30 years before rate drops to 5% mortgages again. A commercial banker friend said no drops in years too. Personally, I'm with you. I think populism will drive the rates down too. Likes and clicks rule now. :)