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Ep 176 - Are We in a Housing Bubble?
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Monte, CA and Jason take a hard look at the data to determine whether or not we're in a housing bubble. A shift for sure, but a bubble?
5:30 MM - This is just a "normal" market!
5:50 MM - All COVID did was force forward the evolution of working from home
7:15 CA - You may have to do 3-4 showings, but that's normal
8:35 CA - This is the time where buyers can double check themselves
9:25 JH - 62% of buyers have buyer's remorse now
17:30 MM CA - $5k above asking used to be a lot, but then it became $25k, $30k on and on
18:45 MM - Mortgage rates will come down
20:20 CA - Don't let social media skew your perception or reality of what's happening
21:15 MM - Guess what? Life will go on and people will still have housing needs
22:50 CA - No one wants to change their actions, they want things to be as they were
24:50 JH - It's a more balanced market
26:00 MM - Sellers will have to become more realistic
28:35 JH - We are so conditioned to follow
29:45 MM - Builders are coming back with hat in hand
31:10 CA - We lived through 2008.....and we're still here
31:40 CA - Work works!
*****34:40 MM - If my peers want to shout out that things are bad, you'll create your own reality...don't muck it up for the rest of us.
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Carey Ann Cyr manages and operates one of the Top Branches for CMG Financial in Franklin, TN. She and her team have become known for closing nearly impossible deals! They have processed over 300 million in mortgages since 2016 with over 613 families ushered into their dream homes!
Contact Carey Ann:
Monte Mohr owns Realty One Group Music City and has sold over $1 Billion dollar's worth of real estate and over 3000 homes sold over his 30+ year career!
Interested in joining Monte as an agent?
The Talk of Music City Real Estate is Produced, Voiced and Edited by www.jimmccarthyvoiceovers.com
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