10 Min Take Down: Market Update for Q3

In this episode of Messy in the Middle, Ed Billings, and Jefi Moultrie discuss the key statistics that every realtor should know and break down the current market for the third quarter of the year. They talk about the current status of inventory, pricing, and sales. They also share tips on how to position yourself well as a buyer or seller and navigate the market creatively. 

QUOTES

• “The numbers should be lower this time of year but the opposite effect is happening because of rising interest rates. Inventory is up. Which means more choices for buyers.” -Ed Billings [04:01]

 

• “Date the rate. Interest rates go up really fast and come down really slowly. So having a creative way like an adjustable mortgage gives you the opportunity to allow those rates to come down slowly and still be in a good position when you are buying.” -Jefi Moultrie [09:11]

TIMESTAMPS

• [00:20] Intro
• [01:55] Inventory
• [06:14] Sales     
• [08:29] The two one buy down
• [11:57] Educating your clients
• [13:24] Outro

RESOURCES

• The Five Dysfunctions of a Team
• The Peak Experience
• The U.S. Housing Market Has Peaked
• Why Rising Mortgage Rates Push Buyers off the Fence
• The One Thing Every Homeowner Needs To Know About a Recession

 

CONTACT

Messy in the Middle: messyinthemiddlepodcast.com

Ed Billings: edbillings.com

Jefi Moultrie: jefisrealestate.com