Rising Rates & Inflation: How to Win in a Price-Sensitive Market

The latest St. George Real Estate Morning Drive addresses rising gas prices and increasing mortgage interest rates, prompting discussions about potential economic slowdown. We analyze the current real estate market analysis, considering inflation and its impact on economic growth. This episode provides local news and insights for real estate investing in the region.We break down why waiting for the perfect moment backfires, how rate changes hit buying power, and what sellers must do to win in a price sensitive St. George market.• why gas prices and mortgage rates can move together• what our pending contracts say about real demand• why rate sensitivity fades but affordability math stays• why timing the market is mostly luck• what major forecasts say about rates through 2026 and 2027• how a half point rate jump cuts buying power and raises payments• what “price sensitive” looks like for buyers and sellers• why more homes are selling below original list price• how to get top dollar with condition, pricing, and urgency• why 3% mortgage rates are not coming back• what rising foreclosures really mean when equity is highVisit us at goorge.com or Google the Larkin Group. We're happy to visit about it.Have other questions about living in, moving to, or visiting St. George and Southern Utah? Just ask! P. 435-291-5443E. [email protected]: www.GoStGeorge.comInsta: https://www.instagram.com/larkingroupFB: https://www.facebook.com/StGeorgeExperts🌟 Who? Jeremy Larkin was born and raised in St. George, Utah and is the owner of The Larkin Group Real Estate Advisors.📍 Where? Washington and Iron County, Utah, including, but not limited to St. George, Washington City, Ivins, Santa Clara, Hurricane, LaVerkin, Toquerville, Cedar City and Parowan. 💈  What?  Jeremy and his team of expert advisors at The Larkin Group walk the best clients in the world through the brain surgery of Buying, Selling and Investing Southern Utah Real Estate! And perhaps more importantly, they LOVE this community and pouring their heart and soul into it!📻  Tune in! Jeremy is the host of The "St. George Real Estate Morning" Drive radio show 94.9 FM / 890 AM. You can stream the weekly program Thursdays at 8:35 AM here: https://tinyurl.com/radiorealestate   🙏 Give: The St. George Basket Brigade feeds 200+ families every Thanksgiving and supports local families, students and schools through organizations like Tan's Treats. Learn more and give at http://stgeorgebasketbrigade.org/🔍  SEARCH ALL HOMES AND LAND in Washington County https://www.gostgeorge.com/ 🔗 CHECK YOUR CURRENT HOME EQUITY @ https://www.gostgeorge.com/homevalue00:00 Gas And Rates Hit Hard05:38 Timing The Market Is Delusion10:15 How Rates Cut Buying Power12:05 Why Sellers Face Price Sensitivity17:35 How To Price For Urgency20:45 Why 3% Mortgages Won’t Return22:05 Foreclosures Up Slightly Equity Still High