Ep. 50 2019 Market Update

In this episode, Realtor Adam Kruse and Realtor Shannon St. Pierre gives their 2019 market update and predict what the market will look like this year. Is it better to buy a house now or wait until spring? Also, Mortgage Broker John Charlton of USA Mortgage gives his Mortgage Market Minute update. Email Questions To: [email protected] Host - Adam Kruse https://hermannlondon.com/realtor/adam-kruse/ Shannon St. Pierre https://hermannlondon.com/realtor/shannon-st-pierre/ ITUNES-http://goo.gl/rs1q9X Blog-https://hermannlondon.com/podcasts/ Website http://hermannlondon.com/ Producer - Joey Vosevich Theme Song by Trastornobeats 0:30 Mortgage Broker John Charlton of USA Mortgage gives his Mortgage Market Minute update on the rates and predictions for home prices for 2019. Contact John by calling 314-517-0262 1:49 Adam Kruse and Shannon St. Pierre introduce themselves. 2:35 Will interest rates and home prices go up in 2019? 2:45 There were 4 interest rate increases in 2018 3:18 Interest rates were 18% in 1980 4:05 Will there be less buyer competition if home prices rise? 4:15 Is it a buyer’s market or a seller’s market in early 2019? What is housing inventory in early 2019? 5:30 Did only turn-key houses sell fast in 2018? How well did outdated houses sell in 2018? 7:10 How does Adam use the words “pretty” and “updated” when describing homes? 8:10 Are there more savvy buyers who are willing to wait for a good deal? 8:45 Are wholesalers charging too much  for homes lately? 9:28 Is rehabbing homes starting to become riskier? 10:30 Does giving a credit instead of replacing and updating things like carpet and paint work when selling a home? 12:00 Can you go into the carpet and paint store and just ask for the most popular color? 13:09 Has the strong economy translated to real estate? 14:30 Why haven’t Adam and Shannon sold their latest investment houses yet? 16:00 Should Adam wait for the market to crash before buying more investment properties? 16:30 What are Freddie Mac and the Realtor Association’s predictions for 2019 and 2020? 17:10 How much have home values appreciated in 2018 and how much will it increase in 2019? 18:05 Will builders build more higher end new homes in 2019 or will they need to be more moderate? 19:49 What countertop is in the highest demand as of 2019? 21:00 What part of St. Louis will there be the most new homes built in 2019? 21:28 What is in-fill when it comes to real estate? 22:00 What is a spec as it refers to real estate? 23:30 If you are looking to buy in 2019 should you get your rate locked in now? 23:59 Contact Shannon at 314-583-0070 or [email protected]