Episode 119: Sellers Rejoice - Real Estate Market Heats🔥Up Again!

Our newest episode dives into the real estate market🏠 and how this buyer's market was the shortest in history and we are officially in a seller's market once again! We will review the latest Cromford Report to provide a comprehensive overview of the current market📈 with our sponsors and expert guests Anthony Penna of Navi Title, Tara Krieg of TK Team Lending, & Joe Smith of Epic Mortgage. We will also be discussing the headlines and explaining why we think they should be creating hope versus fear.😨 We will go over strategies to help current buyers and sellers navigate their way through this ever-changing market and discuss the best opportunities for those looking to make their move.🙌 Don't miss your chance to get the latest insights and advice on the real estate market! Listen & Learn: 0:50 - Rebecca intros Joe, Anthony, & Tara 1:50 - Rebecca reviews the previous year's stats 3:45 - The Cromford market index explained 6:10 - Cromford city rankings by price per sqft 9:35 - More Cromford stats explained 12:20 - Anthony debunking article headlines 14:47 - We need more listings! 16:27 - New listings now below previous years 18:28 - Goldman Sachs article - weird & unlikely market forecasts 21:00 - What is REALLY going on in the market & everyone's thoughts on the article 23:46 - Housing market short millions of homes 25:35 - Foreclosure up, but near record lows 26:55 - A recession does not mean falling house prices 28:18 - Where are we today with interest rates? 32:13 - What to do to avoid a bidding war as a buyer 36:45 - Mortgage rate projections 38:35 - This may be the only window in the next few years to get into a buyer's market 40:30 - The market cycle chart 42:55 - Tara's final thoughts on the current market 43:18 - Joe's final thoughts 44:19 - Anthony's final thoughts 46:07 - Tina Tamboer's market condition summary 47:35 - Rebecca's final thoughts Special Guests: Anthony Penna - Senior Vice President at Navi Title: "There is nothing more satisfying than helping people achieve their goals by providing them with opportunities to excel in their business. It’s an awesome process that I feel very fortunate to be a part of." Navi Title Agency is an Arizona-based full-service title agency. They offer competitive escrow and title solutions complemented by a strong tradition of grassroots standards. Phone: 602-510-8848 Email: [email protected] Website: www.navititle.com/ Joe Smith - Owner/Broker of Epic Mortgage: Joe Smith first started in the mortgage business in 2002 as a loan officer. He quickly established himself as a top producer, eventually managing the state of Arizona for a top 10 mortgage lender. After 17yrs in traditional retail banking, working for many top companies in the mortgage business he decided to make a jump to becoming a mortgage broker himself. Currently, Joe is the Broker and Owner at Epic Mortgage and is definitely someone you're gonna want to go to for advice on lending! Phone: 602-741-4121 Email: [email protected] Website: www.myepicloan.com Tara Krieg - Owner of TK Team Lending: Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years' experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage-related financial consulting and planning, and personal coaching of Junior Loan Officers. Phone: 480-344-1951 Email: [email protected] Website: www.tkteam.us Follow us on Facebook or Instagram @GratefulHeart.Tv💖 Listen🎧, Rate🌟, & Subscribe on Spotify & Apple Podcasts