Rumblings about the Real Estate Market Nationwide are getting louder, but what does that mean for SLO County Real Estate? Hal shoots down any worries about 2008esque issues with Real Estate, and while buyers are getting back to normal it is still a pretty strong sellers market.
Show Notes
0:00 to 3:54 While the Market has slowed compared to last year there is still more buyer demand in San Luis Obispo County.
3:54 to 5:36 While the fed is trying to stymie inflation it does not mean the Window of opportunity is closed for real estate acquisitions, especially when compared to Rent and Rental Rates in SLO County.
5:36 to 8:05 Equity is good, just ask Magic Johnson.
8:05 to 8:53 Good news for buyers is they now have a little more negotiating power that they did a year ago, but the Market would still be considered one that benefits sellers for now.
8:53 to 11:36 There is no coincidence to the calming down of the market and the calming down of COVID, but people are still coming here for quality-of-life reasons.
11:36 to 13:45 The lack of inventory is what drives demand in SLO County which should mean there will be no bottom falling out of the market and the dip should be shallow.
13:45 to 16:52 Rest assured what is happening now is not a repeat of what happened in 2008 based on many factors.
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