how-much-home-dollar-cover

October 19, 2018 – Orlando, Florida – Zillow recently explored how much house you can purchase for one dollar. Why? To prove the point that now is the time to sell your home.

U.S. home values rose 8 percent over the past year to a median of $218,000, According to zillow.

With the current US median home price of $218,000, a buyer can purchase a home if they have (on average) $218,000.

But really, we want to know how much home you can buy for a single dollar.

In the current market conditions, and according to Zillow, a dollar will buy you 1.07 square inches of space in a typical US home. That’s down slightly from 1.2 square inches in 2008—and less than half of what a dollar would buy you in 1998 at 2.1 inches.

Now is a great time to sell your home since a dollar buys less house today than it did a decade ago. So if you are considering selling, contact us for a FREE home valuation.

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VillageWalk at Lake Nona with Linda Loudon

September 26, 2018 – Lake Nona real estate expert, Linda Loudon, discusses what’s going on at VillageWalk at Lake Nona.

VillageWalk has 1,289 residences, including villas, townhomes and single-family homes with prices ranging from $270,000 – $760,000. The median price range in VillageWalk is $330,000.

Here are the price ranges for all the residences offered in the VillageWalk community:

  • Single-family home:  $315,000 – $750,000
  • Villas (4):  From $275,000
  • Townhomes (5):  $279,000 – $345,000

The Lake Nona community currently has 42 active homes for sale and six pending homes. There were a total of 54 sales in the last six months.

The Enclave at VillageWalk is a gated area comprising of larger single-family homes ranging from 2,900 – 5,000+ square feet. There are a total of 144 homes with 46 remaining and they currently have several, move-in ready home! The prices range from $675,000 to over $1 million. This natural gas community is something you must see!

Contact Linda Loudon at lloudon@stockworth.com or call 407.909.5900.

Watch Linda’s full video to learn more about the VillageWalk at Lake Nona community.

 

 

buy-or-rent-cover

Should You Buy or Rent a Home Now?

ORLANDO, FL – June 7, 2018 – It’s one of the most common questions in real estate. Should you buy a home and commit to the investment in a real estate asset or continue to rent?  Is now the best time to buy a home or should you wait until prices go down?

Are you tired of paying rent, knowing that your monthly payments could be going to a home you own? Read more to find out what makes the most sense for you.

According to a recent article in the Orlando Business Journal, the median price for a one-bedroom rental property has risen to $1,198 a month nationally, and Orlando rental prices are increasing even faster. Orlando’s median rental price for a one-bedroom property is $1,270 a month. That’s a 4.1 percent increase from the previous month.

As with any large purchase, there are pros and cons to both renting and owning real estate.

The idea of just calling your landlord to fix any problem might sound great – the ease of not dealing with the headaches from calling multiple vendors, scheduling lawn maintenance, getting rid of any pest problems, repairing a broken dishwasher, replacing an air conditioning unit, etc. The only cost you have as a tenant is rent and a few utilities to pay. As a homeowner, you have a much larger responsibility.

On the flipside, as a homeowner, there are major benefits including stability with a predictable monthly payment with a fixed mortgage, potential tax deductions, wealth and equity accumulation.

Purchasing a home is one of the largest decisions and transactions that you will make in your life. Make sure you choose the right decision and speak with a professional first. A professional real estate agent can advise you by predicting your costs for owning versus renting and help guide you in making a smart decision.

Call Karen Thigpen to help guide you today: 352.361.5920 or email Karen@stockworth.com.

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About Stockworth Realty Group

Stockworth Realty Group is a professional real estate company serving the Orlando area.  Stockworth has a successful track record in Central Florida and averages more than four closings per week with a dedicated, select group of experts.

Stockworth has the privilege of serving as the official relocation company for Lake Nona’s Medical City, the United States Tennis Association and many other major employers in Central Florida. Nobody knows the Orlando real estate market better than our team who has been entrusted for years to relocate some of Central Florida’s most exciting new companies.

With experience in the fast-growing and dynamic marketplace of Central Florida, Stockworth Realty has a very experienced and sophisticated team to assist you in finding creative ways to get you the highest price and the quickest sale. To learn more about Stockworth, visit www.stockworth.com for more information.

Media Contact: Sara Cohen; 407-909-9936; scohen@stockworth.com

 

Interest Rates, Federal Reserve Interest Rate Announcement

Federal Reserve Rate Increase

ORLANDO, FL – March 20, 2018 – The Q1 Federal Reserve meeting announcement is tomorrow, March 21st, with new Chairman, Jerome Powell, and the hot topic is a rate hike. At the beginning of the year, there were four planned rate increases, each estimated to be +/-0.25% bringing our total annual increase of the Federal Funds Rate to 1.0%. What I see many debating now is whether there will be three or four. Personally, I do not think we will even see three with the Fed wanting the keep the gas pedal on the economy.

The announcement of four projected increases came early in the year on the heels of an estimated 4%-5% GDP growth trajectory in the first quarter. Rate increases would be used as a measure to control inflation and slow economic growth to stay within the targeted 3% growth range while outpacing natural inflation.

The Atlanta Fed just released its most recent economic growth prediction for the first quarter, 1.8%. This is much, much lower than anticipated and not a good indicator of an increasing interest rate discussion. Total economic growth has not hit the target for rate-driven economic controls.

Interest rates, in the context of monetary policy, are used to control the cost and flow of money. Rates are increased to slow borrowing and spending, then decreased to increase borrowing and spending. At 1.8% growth, if that prediction turns out to be the actual growth for Q1, total economic production is not anywhere near a level where it needs to be slowed. Total economic activity needs to increase in order for rate controls to become a factor.

WHAT I THINK WILL HAPPEN (Two Scenarios):

The Fed will likely not be hot to slow down an already slow-moving economic engine. On a high level, if rates are increased without matched economic production, not only will government budget deficits rise faster than they are already planned, the markets are likely to react with equities moving further downwards.

1) Most Likely Scenario: Because the Fed wants to maintain the appearance of a healthy moving economic recovery, rates will be increased tomorrow by a nominal 0.25% or 0.125% to avoid having “egg on the face” of its lumbering monetary policy.

The markets are already anticipating this rise and traders are positioning themselves as though it is a guaranteed certainty. From there, the increase discussion in the June meeting will likely be pushed off if there is not a significant increase in total economic production over the next few months.

As the US government remains in its obstinate method of operation, there is no major economic policy on the immediate horizon aside from steel and aluminum import tariffs, a cumbersome issue itself, and the pending reform of Dodd Frank, which could actually relieve some regulatory restriction on small and mid-sized institutions and free up capital for lending. If this were to pass the House vote in the coming few weeks, Q3 would likely give us the first indications of the success or stagnation of new capital deployment.

This atmosphere of major economic initiative absence could very well lead to no further rate increases in 2018 in hopes of moving total, end-of-year GDP growth to the targeted 3% benchmark.

Overall, this scenario would not be bad for the mortgage market in terms of cost, but not so good an indicator of the Fed’s overall outlook of the US economy, given its 4%-5% early year GDP growth predictions.

The Fed’s reaction to the 1.8% GDP prediction is sure to set the tone for the balance of the year and what to expect from a policy position.

2) Secondary Scenario: A rate increase does not happen tomorrow. The Fed will cite the 1.8% Q1 outlook and will then push off the discussion until the June meeting when we’ll see that 0.25% or 0.125% rise and no further increase discussion until the December meeting.

HOW TO REACT TO MARKET CHANGE:

We have arrived. Those looking for the top-of-the-market should look no further. When the market turns, and it will, it will turn quickly. In residential markets, I expect that by Q3/Q4 we will begin to feel the slowing value effects through extended time-on-market and a more apprehensive buyer pool, as national news may begin to question economic policy and direction.

If there are any positive, pro-business initiatives passed, the narrative of the market condition may delay that timeline, but it will play out nonetheless.

Buyers and sellers of real estate alike must be prepared to react quickly, adjust accordingly, and not become entrenched in their starting position.

In the short term, as rates rise nominally, value adjustment must be top-of-mind in order to appropriately respond to affordability or yield concerns.

In the long term, whether you’re in the commercial or residential sector, we have to plan in consideration of an overall value correction, with an emphasis on reduction of acquisition yield pricing and mindfulness of hyper-valuation.

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About Stockworth Realty Group

Stockworth Realty Group is a concierge real estate brokerage serving the Orlando area.  Stockworth has a successful track record in Central Florida and averages more than four closings per week with a dedicated, select group of experts.

Stockworth has the privilege of serving as the official relocation company for Lake Nona’s Medical City, the United States Tennis Association and many other major employers in Central Florida. Nobody knows the Orlando real estate market better than our team who has been entrusted for years to relocate some of Central Florida’s most exciting new companies.

With experience in the fast-growing and dynamic marketplace of Central Florida, Stockworth Realty has a very experienced and sophisticated team to assist you in finding creative ways to get you the highest price and the quickest sale. To learn more about Stockworth, visit www.stockworth.com for more information.

Media Contact: Sara Cohen; 407-909-9936; scohen@stockworth.com

Jason Schmidt-ForbesCouncil, Interest Rates, Forbes Real Estate, Orlando Realtor

Jason Schmidt, CCIM, of Stockworth Realty Group, accepted into Forbes Real Estate Council

Forbes Real Estate Council Is an Invitation-Only Community for Executives in Real Estate

ORLANDO, FL – March 14, 2018 – Jason Schmidt, CCIM, Director of Operations, Stockworth Realty Group, has been accepted into the Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.

Jason Schmidt joins other Forbes Real Estate Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity to submit thought leadership articles and short tips on industry-related topics for publishing on Forbes.com.

Forbes Councils combines an innovative, high-touch approach to community management perfected by the team behind Young Entrepreneur Council (YEC) with the extensive resources and global reach of Forbes. As a result, Forbes Council members get access to the people, benefits and expertise they need to grow their businesses — and a dedicated member concierge who acts as an extension of their own team, providing personalized one-on-one support.

“We are excited about Jason’s acceptance into the Forbes Real Estate Council and what value this will bring to our community. Jason’s knowledge of the real estate industry will now be further cemented and help raise the industry standards,” Mark Hayes, President of Stockworth.

Scott Gerber, founder of Forbes Councils, says, “We are honored to welcome Jason Schmidt into the community. Our mission with Forbes Councils is to curate successful professionals from every industry, creating a vetted, social capital-driven network that helps every member make an even greater impact on the business world.”

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About Stockworth Realty Group

Stockworth Realty Group is a concierge real estate brokerage serving the Orlando area.  Stockworth has a successful track record in Central Florida and averages more than four closings per week with a dedicated, select group of experts.

Stockworth has the privilege of serving as the official relocation company for Lake Nona’s Medical City, the United States Tennis Association and many other major employers in Central Florida. Nobody knows the Orlando real estate market better than our team who has been entrusted for years to relocate some of Central Florida’s most exciting new companies.

With experience in the fast-growing and dynamic marketplace of Central Florida, Stockworth Realty has a very experienced and sophisticated team to assist you in finding creative ways to get you the highest price and the quickest sale. To learn more about Stockworth, visit www.stockworth.com for more information.

Media Contact: Sara Cohen; 407-909-9936; scohen@stockworth.com

 

About Forbes Councils

Forbes partnered with the founders of Young Entrepreneur Council (YEC) to launch Forbes Councils, invitation-only communities for world-class business professionals in a variety of industries. Members, who are hand-selected by each Council’s community team, receive personalized introductions to each other based on their specific needs and gain access to a wide range of business benefits and services, including best-in-class concierge teams, personalized connections, peer-to-peer learning, a business services marketplace, and the opportunity to share thought leadership content on Forbes.com. For more information about Forbes Real Estate Council, visit https://forbesrealestatecouncil.com/. To learn more about Forbes Councils, visit forbescouncils.com.

Mark Hayes, Director of Education for Lake Nona Institute, President of Stockworth Realty, Orlando Top Broker, Orlando Real Estate Brokerage

ORLANDO, FL – March 13, 2018 – The Lake Nona area is continuously growing with exciting new restaurants, shopping districts and school openings.

On March 10th, 2018, EduX, the future of education conference was hosted by Lake Nona tech, showcasing a one-day event packed with interactive workshops, forward-thinking keynotes and hands-on learning experiences for parents, kids, educators and tech professionals.  Guests learned about all of the innovation coming in childhood education.

The keynote speakers included Mark Hayes, co-founder and the Director of Education for the Lake Nona Institute, Carrie Morgridge, of the Morgridge Family Foundation, Joann Newman, President of the Orlando Science Center and Marnie Forestieri, with the Amazing Explorers Academy.  Mark Hayes unfolded the Secrets on Launching Your Child’s Career.

Marnie and her team hosted an invitation-only event at Canvas Restaurant & Market to launch her new book, “Simple STEAM.”  Simple STEAM was written with the purpose that parents could implement STEAM lessons at home with their families. Marnie’s co-author is Dr. Debby Mitchell. If you wish to purchase a book, click here.

Our team is looking forward to all of these exciting changes at Lake Nona and love supporting our clients who call Lake Nona home. Call us at 407.909.5900 if you want a community tour at Lake Nona.

Lake Nona News, Lake Nona Impact Forum, Lake Nona Updates, Lake Nona Events

ORLANDO, FL – March 2, 2018 – There has been a lot of activity over at Lake Nona these past few days.  Each year, more than 250 of the nation’s top CEOs, healthcare innovators and thought leaders gather in Lake Nona, Orlando, for the 6th annual Lake Nona Impact Forum presented by Johnson & Johnson.

A few big announcements include Orlando approving an $18M Johnson & Johnson Human Performance Institute expansion in Lake Nona.  New construction will begin on a one-story performance training center, which will serve as the hub of the firm’s research and development for science-based high-performance energy management.

Tavistock also announced a new wellness, medically integrated fitness facility in Lake Nona in partnership with Signet, LLC, and its subsidiary Integrated Wellness Partners (IWP).

The new wellness institute is planned to be 110,000+ square feet located across the street from the Lake Nona Medical City in the second phase of development of the Lake Nona Town Center, Lake Nona’s premier entertainment, dining and shopping district.

 

Our team is looking forward to all of these exciting changes at Lake Nona and love supporting our clients who call Lake Nona home. Call us at 407.909.5900 if you want a community tour at Lake Nona.

Are we in a bubble_

ORLANDO, FL – December 29, 2017 – According to many news sources, including our Schmidt Report, we have said that we are NOT in a bubble.

The Best Real Estate Blog states: With home prices rising in many areas of the country, many people are worried that we’re headed for a housing crash like the one we suffered in 2008.

But here’s the thing: it’s just not true. While it’s understandable that people would look at the current market, consider it a “housing bubble,” and assume it’s going to pop, the truth of the matter is the market today couldn’t be any more different than they were before the crash of 2008.

Let’s take a look at four reasons why we’re not headed for another housing crash:

1. Banks have tightened their lending practices
The biggest contributor to the crash of 2008 was risky lending practices. Financial institutions had extremely loose standards in terms of who they’d lend to; they were giving out mortgages to people with low incomes, bad credit, and who were unlikely to be able to pay their mortgage once their interest rates increased. Getting a mortgage was easy, regardless of your financial situation. While this made homeownership possible for people who previously would have needed to rent due to lack of income or bad credit, it also led to serious problems when millions of people began defaulting on their loans, leading to the housing crash and the ensuing economic crisis.

Today, those predatory and unethical lending practices have been completely overhauled. Mortgage standards are much more strict, and lenders are much more cautious in who they grant loans to and the terms of those loans. This has led to greater stability in the market and will prevent another crash like the one we experienced in 2008.

2. Fixed rate mortgages are the norm
As mentioned, a huge part of the housing crisis of 2008 was subprime mortgages. The mortgages given to the riskiest borrowers were adjustable rate mortgages. Once the introductory period was over, borrowers saw their interest rates skyrocket and their mortgage payments quickly double or triple in size, making them completely unaffordable and leading to mass defaults on loans across the country.

But today, while adjustable rate mortgages still exist, they’re significantly less common. Fixed rate mortgages are the norm. When people borrow, they know exactly how much their mortgage payment is going to be for the life of their loan. This allows them to assess their budget and only borrow as much as they can afford, making it much less likely they’ll default on their loans in the future.

3. Today’s rising prices are a supply and demand issue, not the makings of a bubble
In 2008, prices rose rapidly because everyone wanted to buy property. Real estate experts called it a “mania” because so many people who weren’t able to buy property suddenly had the ability to do so. Purchasing a home in the US accelerated to a frenzied pace, which drove up prices.

But today, prices aren’t rising because there’s a flood of frenzied buyers in the market. Instead, it’s a supply and demand issue. People are staying in their homes longer, which means there’s less inventory available in competitive markets. When there’s less inventory, there are more people vying for the limited homes available, which drives up property prices. This kind of price increase is just a normal part of a competitive market, not a reason to worry we’re headed for another housing bubble.

4. There’s economic growth to support rising prices
Perhaps the biggest reason you don’t need to worry about the US heading for another housing crisis, is the fact there’s economic growth to support rising prices.

The reason the most competitive markets in the country (like Silicon Valley or Seattle, WA) are rapidly growing and showing historic price increases is due to economic growth. The most competitive housing markets in the US are the markets with the most opportunity. People are flocking to areas where there are jobs, stable economic growth, and opportunities for the future. Potential homebuyers want to purchase property in a place they know will offer them plenty of career and economic opportunities.

When there’s economic growth to support growing prices like there are in today’s hottest cities, it makes for a much more stable market—and a market unlikely to head towards a housing crash.

If you’re worried that rising housing prices are an indicator another housing crash is on the horizon, take a deep breath. The conditions in the market today are completely different from the conditions in 2008, and thanks to the changes made in lending practices after the crash and our booming economy, you can rest assured we won’t see a housing crash anytime soon.

See Full Article Here: http://www.bestrealestateblog.com/4-reasons-not-headed-another-housing-crash?m=fisaHboqeyqdUDVMmvuA

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ORLANDO/LAKE NONA, FL – December 12, 2017 – JUST LISTED IN LAKE NONA!

Tucked behind the gates of Nona Crest is this three-bedroom, two-bath, plus study, pool home situated on a cul-de-sac lot and conveniently located to Medical City, shopping, major highways, and the international airport.

The owner has made many upgrades to the property, such as adding a heated pool with rock waterfall and heated spa, and the oversized paver patio and pool decking along with the mature landscaping provides privacy for the backyard and pool area, creating the ultimate in outdoor living enjoyment! Entertaining is easy with the open concept kitchen and great room with fireplace and French doors to the covered lanai. Additional upgrades made within the past several years include Kempas wood flooring throughout the main living areas and bedrooms, granite counters in the kitchen and both baths, stainless steel appliances including range, microwave, dishwasher, and fridge in the kitchen, and updated fixtures in the baths. Not only will you find the upgrades gratifying, you will also enjoy the privacy of the split bedroom plan with a generously proportioned master suite and large bath offering a soaking tub, separate shower, and his-and-her vanities with vessel sinks. Don’t miss your chance to own this jewel in Lake Nona!

**Property Tax Amount inlcudes Narcoossee CDD Assessment and Orlando Stormwater Assessment. **

Click here to see more information on this property. Call Julie at 407-909-5900 to schedule a private tour or click here to email now and set up a showing.

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ORLANDO, FL – December 12, 2017 – COLLEGE PARK HOME HITS THE MARKET! Amazing, lakefront home in the highly desirable College Park neighborhood, just listed by Irhelma Pieterse of Stockworth Realty Group.

Welcome to Spring Lake Terrace, one of the most sought-after addresses in Orlando. With commanding views of the fairways and bunkers of Country Club of Orlando and nestled on the shores of Spring Lake, this home offers elegant living minutes from the hustle and bustle of Downtown Orlando, and to Winter Park shopping and dining. Renovated down to the studs in 2017, no detail was overlooked in remodeling this beautiful home. Every bell and whistle you can imagine was added to make this home a show stopper. The circular driveway welcomes you home to large double front doors. The wrought iron staircase is a perfect centerpiece and forms the heart of this home that is flooded with natural sunlight. The kitchen is a delight with a large center island and french doors leading out to the terrace and pool beyond. The main living area is downstairs featuring a private office, and informal living spaces, all with exquisite lake views. Wood and tile floors complement the designer details found everywhere. Upstairs you will find 4 large bedrooms, with en-suite bathrooms and walk-in closets. A four-car garage with a half bath ensures that you have plenty of room for all the “toys”. The large private lot leads out to your own covered dock where you can sit and relax at the end of a busy day.

Click here to see all photos: 1317 Spring Lake Drive, Orlando, FL 32804

Call Irhelma at 407-909-5900 to set up a private tour while this home is still available!

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