I'm prepared for whatever life sends my way - personally or in business, Annette! 

Debe Maxwell, CRS took the words right out of my mouth! 

That said, I have to confess there are times, thankfully few, when I am not ready because I got blindsided and knocked up alongside my head!  

I recover quickly ... the rubberized woman who knows how to bounce back!

I do not see the Fed raising the rate again this year. I think they will hold off until after the midterm elections and raise rates after the first of the year. 

My avergage sales price is just under 200k so changing my sales strategy is not a concern right now. 

Myself I will have many lines in the pond.  High end always has cash, one thing about Maui people, either they are coming or going, so the questions is does it become a buyers market? 

Stuff happens all the time. Change is important in real estate and in life

We have had a slow down in the upper end for a year, most of our over demand is in the mid to lower priced homes.

Change is the only constant in life. You either adjust or die.  Our market is closer to a balanced market, but that means easier time with buyers for a change. Rates will be what they are. I paid 10% for my first house and was glad to get it. 

   It won't happen before the mid-term elections.

Annette,

According to my clients who I just saw today at the Farrmers Market this morning, the high end is alive and well...A

Having lived through a market of interest rates in the high teens with points, I can make it anywhere!

Not much in the lower price points here.  I'm already reducing prices because of the afforability.

It's my belief that out market could easily sustain a full point and have virtuaally no effect on pricing or sales volume.

Annette Lawrence , Palm Harbor, FL 727-420-4041 our list prices range from $140,000 to $4million.... we're good no matter range....there's always a market for every price point... some take longer than others.... in the right towns, the luxury homes will do just fine...

It is already occuring here. High priced homes are staying around a lot longer. For me, i list what i can sell and no change for me. I list, i sell, i repeat

1. Fed announced this intent months ago, so I believe the market has already discounted this to some degree. I've been telling my clients since early spring that there would be two more increases by end of year.

2. What do you consider lower price point homes? Our median price here is fairly low by many standards at about $240,000 and average price is about $290,000. Frankly, hard to find homes in top neighborhoods in these price points. People who need a home will buy... the might just buy at a slightly lower price point than they would have otherwise.

I don't show homes based on price range, so nothing will change for me.

You always need to be prepared for market changes.

Annette, we have already had an over-supply of "higher end" homes in our market as many have jumped on the band wagon in the past 18 months to take advantage of the "sellers market".  Median priced homes and those 25% above or below the median continue to sell in a day or two if priced right for the condition.

Ironically, the best time for a "high end" seller to sell their home quickly for top dollar was at the BOTTOM of our real estate market in 2012.  Why?  The high end sellers heard non-stop about it being a buyers market and only those who had to sell did so, even though doctors, engineers, corporate executives, and college professors continued to move to Tippecanoe County and Purdue in our nearly recession proof local economy, and the demand for those high end homes was greater than the supply.  Conversely, their was a huge oversupply on below median homes where the foreclosures and short sales were considerable, and the buyer pool shrank dramatically due to lack of confidence in the future.  Fortunately, many of those were greedy investors who simply jumped on the band wagon too late to make money and lost heavily instead of homeowners.

It just goes to show that supply and demand varies widely for different price points and that buyers and sellers need to focus on their local dynamics and not get too swayed by national news and trends.

I just love the economics of real estate and markets.

Most of our business is from the  median priced homes with a swing of 25% in either direction so we are not looking for a huge shift in our business.  

HaHa, I already beat them to it. It seems all I sell are low priced homes.

If we have lower priced homes on the market!!  Our prices have gone up so high that many buyers are priced out of the market.

Interest rates rarely affect our high end homes - primarily CASH!

Most of our buyers - cash buyers.

I already have.

Our market has slowed over the last couple of months. It has been a very strong sellers' maket for a long time. Now is a chance for buyers to make an offer with a chance of success absent multiple offers.

I recently got two buyers into contract...under list price...no other offers.

Unheard of a couple of months ago!

Yes.

Personally I think its a good idea as the market had overheated here.

Annette Lawrence , Palm Harbor, FL 727-420-4041 - I will continue to work the same way - working by referrals. 

1. The Fed announced this last year, no surprises-they are doing what they said they'd do.

2. The higher end started slowing down in February 2018 and no, I work my market from top to bottom.

Until the interest rates reaches to 16.5% we are all going to hang in there.

For every 1% interest increase the affordability drops by 10%.  Until 0% people can afford we will not be terrified.    If CD resumes to yield 8% many of us will be able to live off the interest like a decade ago....

Adios. 

Slow-down or pause is expected but demand is not going anywhere

You have to adjust with the times and market.

There are always opportunities in real estate...

I've got clients right now looking for $80K homes. If I have to show lower priced homes than that, geez, I don't know.

Yes as I am on the lower end anyway. I don't know the market is responding as you say .... at least in my area.

I am ready for whatever. Doen’t really matter because there isn’t anything that can stop things.

I hope they do not raise them, first time home buyers can't get a house now.

Things may slow for a whort time and then back to normal

Like Debe Maxwell, CRS bring it on - I'm ready for anything

Always prepared and moving forward.