I think more people will sell when rates come down due to rough times ahead. Fed will cut once they feel the pain is seen in the data. But by then, its usually too late. I think alot of sellers are playing with high prices. Attempting to see if someone will bite(or should I say someone who isnt informed on the property price). New to the channel. Good vid.
Very fair point, at least some folks will be more open to selling when rates come down, whenever that is. Some sellers are def playing with the prices, it's getting outta hand in some areas. These price cuts I've seen as I look around don't surprise me at all. Welcome to the channel and thanks for your support!
It doesn't impact me i saw the writing on the wall so in 2020 we started looking for a house and land to buy so we saved and made sure our credit which he has almost perfect credit so we started looking and houses were good pried low interest rates i paid under 200 k i wanted something we could afford no matter what we have a 2.3intrest rate so im never selling
I’m listening and I need to here FOMO I feel so tense over the market but at the same time hopeful about the market- I’m hearing you - Doing homework now
The housing market had it's "run up" all the way from 2008 to 2022. Rates were left too low for too long and need to continue UPWARDS now. The markets are volatile and disconnected from the real economy/reality.
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I think more people will sell when rates come down due to rough times ahead. Fed will cut once they feel the pain is seen in the data. But by then, its usually too late. I think alot of sellers are playing with high prices. Attempting to see if someone will bite(or should I say someone who isnt informed on the property price). New to the channel. Good vid.
Very fair point, at least some folks will be more open to selling when rates come down, whenever that is. Some sellers are def playing with the prices, it's getting outta hand in some areas. These price cuts I've seen as I look around don't surprise me at all. Welcome to the channel and thanks for your support!
Is it just me or are banks holding mortgage rates flat, despite what the public MBS are doing
It’s a fair question
Banks are also paying out more interest (for some reason) to "high balance" depositors.
I have definitely noticed this@@reubenmorris487
It doesn't impact me i saw the writing on the wall so in 2020 we started looking for a house and land to buy so we saved and made sure our credit which he has almost perfect credit so we started looking and houses were good pried low interest rates i paid under 200 k i wanted something we could afford no matter what we have a 2.3intrest rate so im never selling
I’m listening and I need to here FOMO I feel so tense over the market but at the same time hopeful about the market- I’m hearing you - Doing homework now
I understand your perspective. Just prepare yourself as much as you can, so that when your time comes you’re ready!
🫡🇺🇸🇬🇧
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@@blackrealestatedialogue do a video on top RE markets in the country. Fort Wayne Indiana is on 🔥 right now. 🫡🇺🇸🇬🇧
I appreciate that suggestion!@@JT0007
The housing market had it's "run up" all the way from 2008 to 2022. Rates were left too low for too long and need to continue UPWARDS now. The markets are volatile and disconnected from the real economy/reality.
Thanks for commenting! What are your thoughts on prices? Will they come down?
Great video
thank you!