Episode 149: Market Update - Prices Are Not 🙅‍♀️ Going To Drop!

Join us for our latest market update🏠 with our expert guests/sponsors, Anthony, Tara, Joe, and special guest, James Rains, making his debut on the show! Rebecca kicks off the discussion by diving right into the current state of the housing market and getting insights and predictions from our knowledgeable guests. Tara shares how she is helping first-time home buyers navigate this competitive market along with Joe and Anthony sharing their thoughts on the topic. We will also touch on the recent prediction that Metro Phoenix home prices would fall 25%, which has been proven wrong.🙅‍♀️ We will explain the market statistics & charts shared by Housing Analyst, Tina Tamboer. One of the most interesting charts discussed is the home appreciation chart, which shows the staggering increase in home prices over the years. Anthony shares his advice for sellers and explains how interest rates are affecting people's decisions to sell. The group also discusses the current count of new and total listings which reveals a shocking statistic about the shortage of homes in the market.😨 Make sure to watch till the end to hear invaluable advice from each expert guest for both buying & selling in today's market. Listen & Learn: 1:20 - Rebecca intros Joe, Tara, Anthony, & James 5:00 - How we are feeling about the current housing market 5:50 - What Tara is seeing in the current housing market 7:10 - What Joe is seeing and feeling in this current market 8:36 - What Anthony is seeing and feeling with this current market 10:39 - Chart on % of Americans who think home prices will go down 12:17 - Prediction that Metro Phoenix home prices would fall 13:24 - Market stats explained from Tina's presentation 15:09 - The market demand is currently very location-based 17:17 - Home appreciation chart explained 19:00 - Anthony’s advice for those trying to sell 23:00 - Tara’s opinion on interest rates/employment rates 27:25 - The housing market is short millions of homes 30:00 - New and total Listing count charts 33:00 - Why interest rates are causing people not to sell 36:54 - Joe's advice for buyers & sellers 38:04 - Tara’s advice for buyers and sellers 41:41 - Anthony’s advice for buyers and sellers 43:53 - James’ advice for buyers and sellers 44:57 - Rebecca & James’ 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' of 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