This is a top question for just about every consumer of housing right now. With rates up higher and affordability top-of-mind for homebuyers, I dive in and do an in-depth quick look at the data on price trends, supply and more.
It’s 22 minutes.
Links In Podcast:
What This Podcast Info Means To You
Home Buyers
Even though we aren’t in a buyer’s market by any means, there are increased opportunities to negotiate on certain listings and keep in mind, your long-term strategy for buying a home.
If you haven’t already seen my Youtube short on how low mortgage rates from 2013-2022 will effect the housing market in 2023, go check it out here, especially if you’re thinking of waiting for more listings to come out.
Homeowners
The window of the historic sellers market of the last 2 years is gone. That doesn’t mean you’re home can’t sell for a lot of money.
Based on the article above, a lot of what happens to prices in 2023/2024, depends on Fed policy on rates. Only time will tell how things go. However, right now, we are in the market indicated in the podcast so contacting me for a free market analysis won’t hurt you either way.
Investors
The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.
Also, knowing your numbers for the type of investment you’re getting into is critical. Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.
Thanks so much for listening to the podcast. Feel free to share this information with a friend! If you’d like to leave a message for the podcast you can do so here – Long Island Housing Podcast (anchor.fm). Any questions about real estate, I’ll answer them on the podcast if you want!
Here’s the link to the Instagram Live videos where you can grab quick info and real estate tips every Tuesday at 12:30pm (subject to my schedule/availability). You can also ask me any questions you have.
If you’d like – book an appointment online with me or call/text me at (631)831-9048.
Follow me at Linktr.ee/TomMcGiveron – Thanks.
