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Nick Waldner | Blog

Wednesday, January 18, 2023   /   by Nick Waldner

The Peaks and Valleys of the Housing Market

The four types of markets and how it affects your real estate plans.

What do the peaks and valleys of a real estate market look like? In a nutshell, the market moves up and down overtime. Today I’ll explain what this means for your buying or selling plans. 
 
There are four types of markets: One is a market that's rising, where home values are going up. The second is a market that's peaking, where we're reaching the top of the market. The third is a declining market, where home values are dropping, and last one is a market where we’ve already hit the bottom. 
 
If you ask where we are now, I can’t give you an exact answer; however, we can take an educated guess. At 1:18 in the video, there’s an illustration of our market cycle, and I’ll use it to pinpoint where the market has been in the past several years. The truth is there are pockets in the market that are just peaking today, and there are others that have peaked a few mont ...

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Thursday, January 5, 2023   /   by Nick Waldner

What You Should Know About Our Slowing Market

Why our housing market is slowing and how it affects your home.

Due to the recent interest hikes, many of my clients have been asking me: Is the market slowing? The simple answer is yes, the market is slowing down a bit, but here’s a good follow-up question: Is it still a good time to sell?

The first thing we want to talk about is the number of homes on the market. It has increased significantly, which means there are more options for buyers. Interest rates have also been rising, which will decrease the demand from buyers. In simple economic terms, supply is increasing, demand is decreasing.

However, we're still way below pre-pandemic levels of inventory. So even though it’s rising, it's still way below where it used to be. We used to see 15 to 25 offers on a single house a few months ago, but now demand has dropped, and we might see one or three offers on a home. 
Even though you may hear about inventory rising and buyer demand decreasing, it is still an i ...

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Friday, December 16, 2022   /   by Nick Waldner

How We Can Make a Difference With Your Help

How We Can Make a Difference With Your Help

Today I am so excited and grateful to say that we are continuing one of our favorite activities this year. I cannot believe we've been doing it for so many years—I believe we're in our sixth year of helping the kids at the Ronald McDonald House and Johns Hopkins Children's Center. This is our favorite time of year because we're able to make such a difference now. 
 
When we first started this, we went to the Ronald McDonald House and got a list of all of the children who were going to be there over the holiday and couldn't go home. We got a list of all the ages and what was on their wish lists. 
 
"We can't thank you all enough for helping us continue this tradition and make an impact."

It almost felt like being Santa Claus! We would go to Toys”R”US and buy as many toys from that list as we possibly could. Over the years, we were able to add more and more funds to this, and we were able to gro ...

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Thursday, December 8, 2022   /   by Nick Waldner

One Great Thing About the Holidays Is the Food

A list of five foods you need to eat before the holiday season is over.

One of the best things about the holiday season is the food, right? I believe there are five foods you have to eat before the year ends, and these are: turkey, crab cake and steaks, potatoes, hot chocolate bombs, and chocolate chip cookies. They’re my favorites, and I want you to get to enjoy them this holiday season! 

As always, call or email me or my team if you have any real estate questions. Until then, I wish you a Merry Christmas! 
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Monday, November 28, 2022   /   by Nick Waldner

Rates and Inflation: What You Need To Know

This is why mortgage rates are rising, and where they’ll head from here.

What is it that drives mortgage rates? My team and I had the privilege of working with Barry Habib, a great coach and mentor, to help us understand what has happened over the last couple of years. Today, I’m going to share some of what we learned with you.
 
Typically, what we see in real estate is that mortgage rates tend to track with inflation. As inflation rises or falls, so do the rates. This trend is very prominent in the graph at 0:38 in the video above, right up until the beginning of 2020. The pandemic marked a break with this trend, where inflation fell while fear rose.
 
Notionally, interest rates should have fallen to match the drop in inflation, but that would have caused rates to drop to zero. Instead of allowing this, the government stepped in and introduced something called “quantitative easing.” This basically means that the government became a secondar ...

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