Rise Of The Professional with Matt Hudson

This episode was recorded only days before the most recent war in Isreal began. Matt and Adam discuss the necessity of some "black swan" event occuring to shift the US economy, such as a another pandemic, lock downs, or war. We don't know that war in Isreal will lead to a major social or economic event in the United States. But we can see that conditions exist around the world as ingredients for change that may cause rapid shifts here at home. Most likely those rapid shifts would include lower interest rates, which would spike real estate buyer activity and drive home values even higher.
In this eposide Matt and Adam move fast in explaining current real estate market conditions in the Colorado market and use the word "judicious" in providing guidance to buyers and sellers. 2023 is the slowest year in real estate, most likely since the great depression. And prices continue to rise. Why? Real estate appears a strong bet. What is it we see in market conditions that have us remain positive about stability?
Where might interst rates be headed and how should a real estate buyer or seller be thinking right now?
Matt and Adam recommend long term thinking. Any real estate purchase should be a minimum 3 year buy and hold to be most prudent. Note-there has not been a value decline of American real estate more than 2 years in a row, since the great depression. The great depression saw real estate lose only 7% value over a 4 year period. What hurt homeowners at that time was variable rate mortgages and declining wages.
Home buyers should have money in reserve, a payment that is comfortable right now, relative job security and minimize descretionary purchases unless you are in a position that is incredibly financially comfortable.
If you need to move due to circumstances of life such as marriage, divorce, births, jobs or death, have confidence that real estate is simply the best performing asset class in the history of western civilization (Read the rate of return of everything https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/wp2017-25.pdf).

SHOW NOTES:
Visit us online coloradohomerealty.com
Looking to buy or sell a home and want some in-depth resources to understand the process and set bold expectations?:
BUYERS https://coloradohomerealty.com/buying-a-home/
SELLERS https://coloradohomerealty.com/selling-your-home/
SAY HELLO!
InstagramFacebookLinkedinYoutubeEmail: [email protected]

In this consumer focused conversation, Matt Hudson and Mike Aden (Employing Broker at Colorado Home Realty) discuss the proposed settlement of the 6 year class-action lawsuit which, amongst other things claims that the National Association of Realtors (NAR) is complicit in required practices by members that contributed to price fixing.
Mike and Matt discuss the terms of the settlement, the timeframe for implementation, the 2 primary characteristics of the settlement that will impact the industry and the ripple affect these changes will have on consumers.
This is one of the biggest industry changes in American industry history and impacts every homeowner and prospective homeowner. Know that your CHR agent is highly informed and can walk you through exactly what these proposed changes will mean for you.

SHOW NOTES:
Visit us online coloradohomerealty.com
Looking to buy or sell a home and want some in-depth resources to understand the process and set bold expectations?:
BUYERS https://coloradohomerealty.com/buying-a-home/
SELLERS https://coloradohomerealty.com/selling-your-home/
SAY HELLO!
InstagramFacebookLinkedinYoutubeEmail: [email protected]

Too many industry "experts" are saying a real estate crash is on the way. Matt and Adam simply believe these other experts are wrong.
Interest rates are likely to be coming down and have markedly since recording this episode, The Federal Reserve appears to be changing direction as a result of economic and labor market reporting, and at home in the Colorado market, we simply have one of the most diversified and strong economies in the country with a population begging to purchase real estate.
There is no real estate crash in the near future.
Buyers should be looking to buy right now, today before interest rates drop further. When rates do drop, increased demand will drive prices higher. As long as a buyer can afford today's payment, has money in reserve, and is purchasing for the long term, today is the best time to buy. Then if rates drop in the future, refinance to the lower payment.
Sellers should anticipate rising prices next spring and command a good value for their home. We'll likely see a market of competitive offers and short marketing time starting mid-February to early March.

SHOW NOTES:
Visit us online coloradohomerealty.com
Looking to buy or sell a home and want some in-depth resources to understand the process and set bold expectations?:
BUYERS https://coloradohomerealty.com/buying-a-home/
SELLERS https://coloradohomerealty.com/selling-your-home/
SAY HELLO!
InstagramFacebookLinkedinYoutubeEmail: [email protected]

Matt and Adam address the question, are we in a housing bubble?

While buyer demand is greatly reduced due to the rise of interest rates, Matt and Adam make the argument that at minimum, through spring of 2023, the real estate market will remain strong.
Matt and Adam briefly explain why housing inventory is likely to remain low, mortgage rates will likely drop, buyer demand will likely rise and the most probable outcome is a modest rate of home value appreciation.
Longer term, there are arguments for a hard US economic recession coming and life circumstances like job loss driving a tipping point in the housing market where inventory rises substantially. This will affect the supply and demand equation and buyer/seller strategies accordingly. Market Matters, with Matt and Adam, will address these deeper more market fundamental issues in the January episode.

SHOW NOTES:
Visit us online coloradohomerealty.com
Looking to buy or sell a home and want some in-depth resources to understand the process and set bold expectations?:
BUYERS https://coloradohomerealty.com/buying-a-home/
SELLERS https://coloradohomerealty.com/selling-your-home/
SAY HELLO!
InstagramFacebookLinkedinYoutubeEmail: [email protected]

Every week, Matt Hudson analyzes the current Colorado housing market in regards to economic impact and current buyer/seller conditions, and gives perspective on what you can/should expect if you're selling your home, or looking to buy one.
This week he also gives a glimpse of what the future will look like per the conditions for 2025, and how you'll be able to capitalize on timing in your current strategy.
Colorado is a WONDERFUL economy for real estate, and there's hope for you if you're in the thick of a transaction, or looking for a transaction, right now.

SHOW NOTES:
Visit us online coloradohomerealty.com
Looking to buy or sell a home and want some in-depth resources to understand the process and set bold expectations?:
BUYERS https://coloradohomerealty.com/buying-a-home/
SELLERS https://coloradohomerealty.com/selling-your-home/
SAY HELLO!
InstagramFacebookLinkedinYoutubeEmail: [email protected]