Greetings and Welcome to the Real Estate Entrepreneur Podcast; I am your host, Peter Lorimer, Partner/VP of Corcoran Global Living in Los Angeles and master motivator. There is a buzz in the air that things might be shifting a little, and so today’s live stream is discussing the trends in the real estate market regarding, “Should I wait to buy?” “Are rates going up?” and “Will there be more houses next year?” Take a listen to find out.
Golden Nuggets from this episode:
[05:51] "The market is taken a breather."
[07:28] "Will houses drop a hundred thousand when we correct. I absolutely think not."
[08:02] "Don't take my word for it. Speak to your loan professional, but rates have to go up."
[10:16] "there will be more houses, but here's the downside people, you might be able to get into escrow easier, but it's going to cost you more, so as much as you don't want to hear it today, ladies and gentlemen, get back in the ring, put the gloves on and keep slugging because you'll get a house."
Thanks for being here,