June 11 – Segment 1 – Is the Housing Market About to Crash
We air the Real Estate Voice show every Saturday, if you cannot listen to the whole show,
it is available on YouTube, just search Barb Schlinker, and its also on most podcasts like heart Radio
Barb, indications are the housing market is cooling off, probably because of rising prices
and interest rates. This show helps people in real estate learn about buying and selling homes. What will we be covering today?
Is the Housing Market About to Crash?
How to Be the Best Home For Sale In Your
Neighborhood
Why Should a Home Seller Care About an Appraisal
Why Some Homes Fly off the Shelf and Others NOT
& Hot New Listings
Barb, this real estate market is still RED-Hot real
estate market, but with mortgage interest rates &
inflation on the rise, interest rates rising, do you
think this Hot Market is starting to reverse its red
hot trend?
#1 Mortgage Applications Dropped to 2018
Levels
COVID turned much of the Real Estate world
upside down:
o Crazy low-interest rates
o Crazy low inventory
o Reluctance to move
o Change in people's lifestyles
o Aging Millennial Population that is
buying!
o Two Years of LOW SUPPLY/HIGH
DEMAND - STARTING TO NORMALIZE
CEO Redfin:
The market is probably the same
Rates are probably 6 percent
Inventory Increasing
People with low locked-in rates will probably
stay
Second-home market – prices may soften
Can Home Sellers Keep Pushing the Price
Envelope?
19% of Sellers Who Listed in May Reduced
their Price!
Price Appreciation Cooling Off
YTD Sales STILL INCREASING
CURRENT INVENTORY RISING!
Inventory of Available Homes at STILL LOW!
Inventory of Available Homes UP FROM 2021
by 44%
YET: DOWN BY 27% Compared to PRE
COVID 2019 (Normal Summer Season
Increase)
o 1487 All Types of Properties (SFA,
TH, Condo, Patio)
o 1352 SF Homes (2019 = 1846)
LOW SUPPLY - HIGHER DEMAND!
Prices Still Rising!
Average Price Increase in 1 Year = 15.1%
Average Price Increase YTD - $59,518
Inventory up by 12.4% As Compared to 1 Year Ago
OUR TRACK RECORD:
You are listening to The Real Estate Voice with
Barb Schlinker of Your Home Sold Guaranteed
Realty, you can reach Barb and her team at 719-301-3900
b. We are talking about whether or not you think
this local real estate market boom is on
borrowed time..Why do you think this market
is still pretty strong?
Colorado Springs just ranked the #2 Best Place to Live
Up from #6 Last Year according to US News
and World Report’s review of
150 metro areas
#1 was Huntsville, AL
COS Ranked on a 10-point scale:
Housing Affordability 5.7
Jobs 6.1
Quality of Life 6.4
Net Migration 6
A desirable place to live (COS got a 10!)
(Huntsville got a 4.9)
Note: We Still have Space Force until 2026
These are National Statistics
I believe the Rate of Appreciation will Slow Down.
So if You are Thinking of Selling in the Near
Future – Now is a Great Time to Realize ALL of
Your Equity!
Rising Cost of Mortgage Rates – Higher Payments Ahead!
We have all enjoyed rates in the 3.0s
Those days are over, and we are heading back to
typical historic rates.
You are listening to the Real Estate Voice with Barb Schlinker of Your Home Sold
Guaranteed Realty, if you are thinking of Making a move Barb at 719 301 3900 or visit BarbHasTheBuyers.com
When we come back…. we will be discussing: Why Should a Home Seller Care About an Appraisal?
