953,717
I've read somewhere that there will be wailing and gnashing of the teeth.
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Bob Crane
Stevens Point, WI
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Greg Large
Grove City, OH
-
Ray Henson
Elk Grove, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
John Juarez
Fremont, CA
-
Lyn Sims
Schaumburg, IL
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
3,345,221
Today, a buyer backed out of making a purchase on one of my listings. It was all cash and intended to be added to their real estate investment portfolio ... and their retirement.
They backed out due to the hit their investment portfolio recently took.
It's going to get uglier and uglier until ...
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Kevin J. May
Hobe Sound, FL
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Bruce Walter
West Lafayette, IN
-
Ray Henson
Elk Grove, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Anna "Banana" Kruchten
Phoenix, AZ
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
900,278
It will sting, but won't kill.
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Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Brian L. Sirota, Esq.
Orange, CA
-
Ray Henson
Elk Grove, CA
-
Karen Climer
Orlando, FL
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Pete Xavier
Pacific Palisades, CA
5,104,931
The Fed Chairman has pretty much admitted in his comments yesterday that there will be no soft landing if you listen carefully to his words. We are in a heap of problems.
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Kevin J. May
Hobe Sound, FL
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Bruce Walter
West Lafayette, IN
-
Kathleen Daniels, Prob...
San Jose, CA
-
Greg Large
Grove City, OH
-
Ray Henson
Elk Grove, CA
-
Pete Xavier
Pacific Palisades, CA
1,503,028
But will it impact interest rates? The last couple have not. It's of no concern to me. Until "you know who" stops giving out free money, forgiving loan debt, and allowing so many to be on unemployment... not to mention passing government spending bills which only add to inflation... none of this will get any better.
What we need is a CEO in the oval office, not a.... well... what we have.
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Inna Ivchenko
Encino, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Greg Large
Grove City, OH
-
Ray Henson
Elk Grove, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
1,311,772
My crystal ball is not up to forecasting the future of our economy.
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Greg Large
Grove City, OH
-
Ray Henson
Elk Grove, CA
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Andrew Mooers | 207.53...
Houlton, ME
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Pete Xavier
Pacific Palisades, CA
3,126,196
Soft landing? No such thing. When a punch is thrown, it creates sudden impact, this downturn is definitely going to hurt as well! Already is, actually.
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Kevin J. May
Hobe Sound, FL
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Ray Henson
Elk Grove, CA
-
Nina Hollander, Broker
Charlotte, NC
-
John Juarez
Fremont, CA
-
Lyn Sims
Schaumburg, IL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Pete Xavier
Pacific Palisades, CA
3,587,960
I don't see a soft landing. Just how big the downturn will be rests on many aspects. So, we'll see. There will be some upsides to investing....keep that in mind.
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Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Greg Large
Grove City, OH
-
Ray Henson
Elk Grove, CA
-
Nina Hollander, Broker
Charlotte, NC
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Pete Xavier
Pacific Palisades, CA
938,637
Hi Tony,
In the short term, a Fed Funds target rate of 3-3.25% is not going to eliminate the high inflation rate. So much of the inflation is at the supply end (cost push) and the Fed tools of increasing the discount/fed funds rate and selling government securities are meant to impact the demand side of the economy.
Unemployment is still incredibly low and those numbers will not dramatically increase until The Fed really starts to cause some real pain by getting the discount rate near the inflation rate, in my opinion.
Our housing market is now starting to slow down, but Purdue University still remains the single largest employer in Tippecanoe County at 7,000 employees, and it has been rock solid through the ups and downs of the business cycle. There is some concern in some of the other industries in town, but for the most part people are concerned about the high price of fuel and food prices at the moment, but in the back of their minds is the worry about the recession deepening.
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Inna Ivchenko
Encino, CA
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Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,197,555
Hard landing after an overshoot.
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Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Ray Henson
Elk Grove, CA
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anna "Banana" Kruchten
Phoenix, AZ
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
2,781,303
Jobs are needed to make the Real Estate purchasing engine perform. So, we factor that in. Low inventory offsets it. Buyers want to own. Rents are too expensive and owning has proven to be long term proof for value plus. Where are going? It's the same roller coaster ride of up, down, sideways and flips with stops to sell, purchase or invest on the way.
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Richie Alan Naggar
Riverside, CA
-
Ray Henson
Elk Grove, CA
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
1,153,794
Because they are already announcing two more increases expected before the year end a better climate is not anticipated in 2023.
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Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Ray Henson
Elk Grove, CA
-
Nina Hollander, Broker
Charlotte, NC
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,543,873
I'm planning to continue as I have for 23 years and 98 markets...
Kicking booty and making looty!
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Kevin J. May
Hobe Sound, FL
-
Inna Ivchenko
Encino, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
6,393,609
Less than a percentage point, yawn.
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Pete Xavier
Pacific Palisades, CA
-
Bob Crane
Stevens Point, WI
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Andrew Mooers | 207.53...
Houlton, ME
-
Thomas J. Nelson, REAL...
La Jolla, CA
693,775
I think we can already say that it is not a soft landing. There has already been a huge amount of wealth lost and the Fed has a long way to go.
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Kevin J. May
Hobe Sound, FL
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Pete Xavier
Pacific Palisades, CA
1,196,798
I have no idea what to expect BUT Treasuries sure look good right now
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Kevin J. May
Hobe Sound, FL
-
Ray Henson
Elk Grove, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Pete Xavier
Pacific Palisades, CA
-
Doug Dawes
Topsfield, MA
5,217,381
It will sting, but like a sting, it will pass. Rates are still artificially low, just like what banks pay on your savings.
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Ray Henson
Elk Grove, CA
2,241,692
Real estate agents and brokers set the tone for what's ahead that the public read or watch and then adjust their plans. People are going to buy and sell real estate in any market, no matter what the interest rates.
It is not what the FED does or does not do Tony Lewis . It's staying positive and doing the best job beefing up your listing inventory and doing a better job in your marketing of the property, your community, your brand. That never should stop. But fear can hurt your momentum and your results.
If a buyer or seller in your market read that comment "I am anticipating a big downturn as layoffs have already begun". How would you react? Panic? Would folks rush out to list or buy with you or think better not do anything, dark days are ahead. There is always a market and adjust your "sales" to capture the biggest slice of the pie.
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Greg Large
Grove City, OH
-
Ray Henson
Elk Grove, CA
378,517
I expect my 401k will need years to recover from this cluster blank.
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Kathleen Daniels, Prob...
San Jose, CA
4,936,716
More of a downturn again.
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Kathleen Daniels, Prob...
San Jose, CA
1,622,432
Funny thing, I just received a loan guy marketing for 0 downpayment. I feel the mortgage people will find the way to bring the buyers back around the increased rate, even BofA offers now loans with 0 down~ not for all, but it is there.
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Bruce Walter
West Lafayette, IN