Historically, we are trying to determine the best direction for us individually and personally. And how do we operate? Because many want to operate out of fear. That is our natural go-to, but those that operate out of opportunity, create doors that open. We were talking about this last Thursday, when we did this ad hoc live talking about this weekend is a door that is opening. It is your choice to go through it. You don't have to, you can continue renting which people will because sales are slightly down and what's the option. Because demographics have not changed. We are still talking about the next two to three years of incredible buyer demand. Mortgage purchase applications are down yet. Demographics have not changed. So if people are operating in fear thinking that interest rates are too high, that I can't get into the home of my dreams, then the alternative is renting.
The alternative is a 100% interest rate. The alternative is not building wealth, not creating financial stability and not creating the opportunities for multi-generational wealth. I mean that's it, it boils down to that. I can't say it any clearer. I get that higher interest rates make affordability a big question mark.
What we have is a slowdown today. It isn't about credit deficiencies. It's about consumer confidence. Consumer confidence is down. Yes, it's down. The cost of everything is up. Why wouldn't it be down? It costs more to fill my gas tank. It costs me more for my groceries. Yes. It costs more. My gosh. Have you been to Costco lately? That little basket of goodies is way more than it used to be and my kids are. Listen to the rest of this episode for the reasons why this window is ideal for homebuyers.
How You Can Find and Benefit from an Assumable Loan
PPI Numbers Explained: Is Inflation Finally Slowing Down?
Can I Buy Down My Interest Rate?
First-Time Homebuyer Advantages in Today’s Market
Housing Today Comes Down to These Things
Eight Home Buying Myths
What Are Seller Concessions?
Discussing the Current Real Estate Market Landscape
Focus On the Payment, Our Economy Works In Cycles
3 Ways to Get Rid of Your Mortgage Insurance
Using Current Market Volatility To Your Advantage
Interest Rates are Below 5% Again
Why a Real Estate Slowdown Is Not a Loss
Should I build a home instead of buying a home?
How Does the Global Market Movement Influence the US Real Estate Market?
Can the Recession Just Get Here?
Four Reasons Real Estate Just Picked Up Again
What Are Your Responsibilities as a Co-Signer on a Mortgage?
Conforming Home Loan Limit Increasing to $715,000
DMAR Sept 2022 Homeowners Have the Upperhand
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