With inflation climbing, inventory staying low, and mortgage rates close to 6%, it’s a transitional time for the real estate market. What are the latest stats showing? Are prices starting to come down? Is inventory going to rebound?
Join Beth Raimer and her podcasting co-pilot John Ayers for the stats, insights, and RMLS news that impact your business.
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Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
Its about time we see the brakes get pumped on this crazy price bubble. Now for the great reset.
3 things can happen, worse crash than 08/09 with a total recession reset, prices sliding downward sharply with reaction to interest rate increases, or a gentle sliding down to a more realistic level. Time will tell but I think this time its going a big change due to the broadness of the indicators this time, fed rate hikes, MASSIVE inflation, and volatility in the stock market.
It would be helpful if this info could be given in a written form. As you can imagine, I’m not as busy as many agents, but I find it frustrating to only be able to “listen” to information. Statistics like you gave here are really valuable but I have to be someplace to write them down. I usually listen at 1.75% speed in order to listen to the podcasts I need to hear. I really appreciate the information, but I can guarantee that few people are listening. Of course, I listen to all of Annie’s and several others each day. It would help us stay informed if we could skim the info and not have to listen. We never know if there is anything valuable until we have listened to the entire message. I really appreciate what you do. . . but everyone is in a hurry today.
We appreciate your feedback, Sam. The majority of the data and statistics referenced are drawn from our monthly Market Action report, which is available in written form. We offer the podcast as an alternate way to receive the information, and we provide some additional commentary in this format, though we can consider transcription or a highlights summary for the future. It’s good to know you’re finding the content valuable and we’ll explore ways to continue to expand the ways in which the content is available to you.