West Orange Continues to Grow in 2017

Photo courtesy of Orlando Health (Ocoee)

Metropolitan Orlando led the nation in percentage job growth in 2016 and as a result, home sales are doing well.  One of the areas where the growth is most noticeable is West Orange County.  Healthcare facilities, new schools and new home construction are all part of the West Orange boom that will continue steadily into 2017.

Here’s a few highlights of major projects happening:

  • Healthcare:  Orlando Health recently completed Health Central Hospital in Ocoee is expanding in Horizons West and Dr. Phillips.  Florida Hospital will continue to expand it’s new Winter Garden campus.
  • Education:  In response to the explosion of growth and families moving into West Orange, the new Windermere High School will welcome it’s first 1,800 students in Fall 2017.  The newly named Windermere Wolverines are in the process of adding programs, administration, holding PTSO elections and building a new community for the students and parents it serves.
  • Housing / Development:  The Hamlin community (Horizons West) is developing it’s Town Center, offering new retail and entertainment options of residents and locals on the shores Lake Hancock.

Of course, the steady growth of West Orange presents it’s own set of challenges for residents, municipalities and lawmakers.  It will be exciting to see how things progress over the course of the next year. West Orange communities also offer residents close proximity Orlando’s main theme park attractions; Disney World, Universal Studios and Sea World. Check out our Team Koss video on Dr. Phillips, Windermere and Winter Garden for more details on the area.

If you are involved in the business community, we also strongly recommend joining the award winning West Orange Chamber of Commerce, now celebrating it’s 45th Anniversary.

Written by Brian Koss of Team Koss, Real Estate Agents at Keller Williams Classic in Orlando.  Please follow us on Facebook, Instagram, Twitter and YouTube.

Election’s Impact on the Real Estate Market

Picture of White House – History.com

We can all agree, the 2016 Election was one for the history books. Both pollsters and financial experts alike, failed to predict the outcome of the election, as well as its impact on the economy.

Wall Street overwhelmingly supported Secretary Clinton’s campaign. Some in the financial community predicted an almost doomsday-like scenario if Trump were elected. Yet, in the days following Trump’s victory, markets rallied to record-breaking heights. This spike is perhaps attributable to investor’s realization that Trump’s proposed tax, health, regulatory and energy reforms, as well as projected investment in infrastructure, would create a pro-growth environment.

So what impact will President elect Trump, have on the residential real estate market?

If Trump’s policy agenda is enacted, forecasters expect at least a short-term boost to the economy. As a result, we are likely to see more jobs, rising incomes and a lower tax burden. Theoretically, this could result in more money in the pockets of homebuyers. Thus, renters may be incentivized to buy.

On the flip side, Trump’s pick for Treasury Secretary, Steve Mnuchin, has expressed support for privatizing Fannie Mae and Freddie Mac and has called for more scrutiny on government-backed loans. There has already been an increase in mortgage rates post-election, and the December meeting of the Federal Reserve may result in a slight increase in interest rates.

There is no clear consensus on the impact of a Trump Administration on the residential real estate market. Some experts advise those looking to buy or refinance should be patient as rates stabilize; while other experts suggest buyers should buy now in order to lock in lower rates.

Brian Koss is a member of Team Koss,  Real Estate Agents at Keller Williams Classic in Orlando.  This article was featured in the West Orange Chamber of Commerce December newsletter and on their Blog and News section.   Team Koss are members of the West Orange Chamber.