Hey friends! I'm back with another info-packed episode diving deep into the current real estate market. Conrad joins me as a returning guest to chat rates, affordability, inventory, and more. We kick things off on a light note discussing the recent Mavs trade before shifting gears to the housing market. Homebuyers and sellers alike are understandably concerned about rising rates and how that impacts home values and payments. Throughout our discussion, we analyze economic indicators, jobs reports, rate trends, and other factors to better understand what's really happening behind the scenes. There's a lot of smoke and mirrors with the data, so we try to cut through to the core issues. Ultimately, we reassure listeners that real estate remains a solid long-term investment - if you can take a 5+ year view. Appreciation continues climbing even during down markets, and lower rates ahead will likely drive increased buyer demand. There's no crystal ball, but the fundamentals seem strong. This is especially true for those on solid financial footing. Temporary setbacks hit lower-income groups harder. I'd love to hear your thoughts on the market! What are you seeing in your area? Feel free to share any questions below too.
The key moments in this episode are:
00:00:12 - Introductions and Mavericks Trade
00:04:10 - Lake Texoma Development
00:05:56 - Housing Market Challenges
00:10:50 - Weathering the Storm
00:12:30 - Adapting to Change in Business
00:13:58 - Overcoming Challenges
00:19:51 - Impact of Rates on Real Estate
00:22:47 - Homeownership and Equity
00:24:14 - Housing and Rate Decisions
00:24:27 - The Fallacy of Rate Predictions
00:27:15 - Market Trends and Economic Indicators
00:30:20 - Chip Manufacturing and Global Power Dynamics
00:34:45 - Focusing on Controllable Factors
00:36:15 - Rate Predictions and Federal Reserve Actions
00:37:02 - Fed's Rate Cut Expectations
00:38:15 - Jobs Report Impact
00:39:25 - Seasonal Adjustments and Job Figures
00:44:28 - Real Estate and Economic Indicators
00:47:52 - Builder Incentives and Real Estate Market
00:49:23 - Assessing Your Real Estate Situation
00:50:03 - Understanding Buy Downs
00:50:49 - Benefits of Working with a Realtor
00:53:32 - Hidden Costs in New Construction
01:00:03 - Real Estate as a Long-Term Investment
01:00:18 - The Importance of Owning Real Estate
01:01:43 - The Risk of Leasing
01:02:00 - Real Estate as a Sound Investment
01:03:22 - Educating Clients on Real Estate
01:04:17 - Future Market Updates
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The resources mentioned in this episode are:
Check out the CME Watch Tool to stay updated on the Fed's rate cut predictions and how it may impact the real estate market.
Consider consulting with a realtor before visiting a builder to navigate the incentives, lot premiums, and other factors that may impact your home purchase.
Evaluate the long-term implications of buying a new construction home, including the potential impact of temporary rate buy downs and lot premiums.
Explore the benefits of owning real estate as a long-term investment, considering potential equity growth, tax deductions, and other financial advantages.
Stay informed about the real estate market and economic trends to make well-informed decisions about buying, selling, or investing in property.
real estate market trends, new construction homes, real estate investment, housing market, interest rates, real estate industry, housing affordability, market knowledge, real estate agents, housing market analysis
