Tuesday, February 21, 2023 / by Nick Waldner
The truth about the impending recession and how you can prepare.
Sound the alarms; a recession is coming! Have you heard the news? If not, it’s important that you get up to date and prepare. I can’t predict the future with 100% certainty, but I have seen many stats that prove a recession should be coming. What are those stats? What should we do about this? How will this affect the real estate market? Today, I am here to answer these questions and more.
Watch the full explanation in the video above or skip to specific topics using these timestamps:
0:00 — Introduction
0:19 — Consumer debt is increasing, and savings are decreasing
1:08 — The Fed has raised the borrowing rate
2:10 — The real estate market goes up during a recession
2:54 — Explaining the only drop, which was in 2008
3:55 — When real estate is a good investment
4:48 — Wrapping up
If you ...
Thursday, February 16, 2023 / by Nick Waldner
The factor that will help you determine the best time to buy.
Are you thinking about buying but want to wait out the market until a recession hits and interest rates go down? I completely understand that mindset; however, a few problems will arise. Whether interest rates go up or down, there’s something more important to consider when buying.
Hear my full explanation in the video above or skip to specific topics using these timestamps:
0:00 — Introduction
0:16 — What drives mortgage rates?
0:56 — What the average buyer is thinking
2:28 — What should buyers be doing now?
3:55 — What if interest rates go up?
4:20 — The key to when to buy
4:38 — Wrapping up
Ultimately, it’s important to do what is best for you, your family, and your situation. If you are interested in buying or have any questions, don’t hesitate to reach out! You can call or ema ...
Monday, February 6, 2023 / by Nick Waldner
The secret to building a quality business comes down to this.
For all of my entrepreneurs out there, we’re talking about how to build a great business, no matter what that business is. Yes, I sell real estate, but I also understand the value of building a business, and that's what I've done with mine. So let's go over a few quick things so you create the best business possible. If you own a business, think about what you should have done or could go back and do. If you're thinking about starting a business, this is where you start.
It starts with researching the opportunity; who's doing what you want to do the best? What are the top 3 to 5 things they’re doing to crush the competition? Now that we start to understand who's winning, what can you do just a little bit better? We don't have to create massive change. We don't have to reinvent the wheel. But we have to beat the best at their own game. So start thinking about what you can do to achieve that.
Monday, January 30, 2023 / by Nick Waldner
Understanding the impact new construction has on your home’s value.
How does building new-construction homes impact the value of existing homes? To understand this, we first need to understand how many homes are built each year. That number is about one million homes per year across the United States. During 2005 and 2006, we saw a significant increase in that number, and following the crash of 2008 until about 2019, the number decreased. This occurred while the population continued to increase, and we saw households growing in size.
In recent years, we’ve seen an uptick in the number of homes being constructed, but not enough to offset the years of missing homes. We still have that deficit in our inventory. If you add up all the years of limited construction, that deficit is about 2.5 million homes.
Supply always affects demand. Therefore, these inventory levels affect home prices. If you have any questions about the value of your home, we can help. Reach ...
Wednesday, January 18, 2023 / by Nick Waldner
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 ...