I wanted to share this exclusive video with my BTS subscribers first! You are the first to see it.
Last week it was reported that mortgage rates increased by over 0.5%, the highest bump during a 7-day period since 1987. At this time last year, mortgage rates were under 3%. So, with market fluctuations like the ones we are experiencing today, what the heck is going on in real estate? Buyers are always driving the market but will these increasing interest rates slow down so much that the price of homes drop? If you’re looking to buy a home, you might be wondering if you should wait out the market. But the reality is if these rates continue to increase, finding an affordable home might be even more difficult. Take a look at my recent news appearance where I discuss the current state of the market and what we can expect in the months ahead.
We have some great news, we’re looking to expand the David Greene Team and The One Brokerage teams! We’re actively seeking candidates to fill the positions of loan officer, remote transaction coordinator, and full-time assistant. If you’re interested in joining a team of like-minded professionals with a passion for real estate, apply to be a part of our team here.
The way football was played in the early 1900s, there was less skill and the games were much more low scoring.
Most of the plays were running plays where you would smash into the other team and hope to gain a few yards. Eventually one of the teams would run out of steam and your team was able to get a big run.
It was based on consistency and being conservative. Any mistake was a big deal. At a certain point, the NFL realized they could make the game more exciting if they changed the rules.
If the quarterback couldn’t constantly get smashed into, maybe they would invest more into getting the best quarterback and focusing on long throws, which the fans preferred. When the rules changed around defense, teams started mainly focusing on a strong offense.
The league can change the product that is delivered on the field by changing the rules. Our government can do the same thing by changing the way they handle money. They change the way the game is played and many people still are trying to play the old way.
The rules have now been changed to play more quickly and aggressively with the high rates of money printing while many people are still trying to play slowly and conservatively. The big institutional investors are seeing how to play with the new rules. You have to be aggressive since the money you have in the bank is worth less and less.
The price you are going to pay for your asset is going up and up and then you’re left looking back thinking you should have invested before. But now you feel the asset is too much without looking ahead to see it is just going to cost more in the future anyway.
There are three things in real estate you must always keep in mind.
Location.
Location.
Location.
Where you choose to invest is just as, if not more important, than who you choose to invest with. In this week’s article, we’ll check out the top 10 most stable housing markets in the United States.
I get asked all the time “David, why do you wear tank tops so often?!” And in this week’s video, I reveal the five reasons I think everyone should consider wearing a tank top. From the convenience aspect to the coolness factor, some of my reasons are obvious, but there are a few psychological factors behind wearing tank tops that might surprise you.
