Description

In this episode, Dave discusses:

• What to believe and what not to believe in the rumors of the 2023 housing market. 
• Concerns and realities about interest rates. 
• Why 2020 and 2021 were an anomaly, and a realistic look at 2022. 

Key Takeaways:

• There are more differences than similarities between the current housing situation and the housing crisis of 2008.
• While the current interest rates have climbed markedly this year, they are still well below the historical average interest rate. 
• On the whole, we will likely have a fairly balanced market going into the next year, though this can vary depending on your area. 
• In essentially all areas, homes have risen in their appreciated value over the last 3 years. Certain areas have risen far above normal. 

"You don't know exactly where the market is going to go, nor can you control it. Looking at real estate through a long-term perspective provides a much better understanding than any one snapshot moment in time." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: dave@thenimickteam.com

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.