Nov 21 2023 42 mins
Too many industry "experts" are saying a real estate crash is on the way. Matt and Adam simply believe these other experts are wrong.
Interest rates are likely to be coming down and have markedly since recording this episode, The Federal Reserve appears to be changing direction as a result of economic and labor market reporting, and at home in the Colorado market, we simply have one of the most diversified and strong economies in the country with a population begging to purchase real estate.
There is no real estate crash in the near future.
Buyers should be looking to buy right now, today before interest rates drop further. When rates do drop, increased demand will drive prices higher. As long as a buyer can afford today's payment, has money in reserve, and is purchasing for the long term, today is the best time to buy. Then if rates drop in the future, refinance to the lower payment.
Sellers should anticipate rising prices next spring and command a good value for their home. We'll likely see a market of competitive offers and short marketing time starting mid-February to early March.