Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

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Ambassador
3,145,610
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Yes.  I cannot say it here - too risky - might get kicked off the Island. 

May 05, 2022 10:49 AM
Rainmaker
1,424,950
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The stock market is reacting to the interest rate hike, the rising unemployment numbers and the record high inflation (which is what Janet Yellen referenced as the reason for the rate hike, not Putin).  There have also been a slate of bad earnings this week as well as last week, most notably Netflix, as well as reduced outlooks on Uber and Lyft due to the rising gas prices.

May 05, 2022 03:19 PM
Rainmaker
523,881
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

I agree with Kathleen Daniels, Probate & Trust Specialist that one is a political hot potato !

May 05, 2022 11:03 AM
Rainmaker
1,001,093
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

My guess is continued worries about inflation.

May 05, 2022 01:33 PM
Rainmaker
2,683,902
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When stocks dive, real estate is the go to. When Real Estate relaxes, the stock market is the go to. There are other dynamics too complex for me to explain. However, one thing remains and is a constant. Cause & effect. Its either natural or man-made. If man-made, somebody is up to something. 

May 05, 2022 11:19 AM
Rainmaker
1,048,702
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Will, you know that these markets are manipulated by the big banks. Supposedly they market talking heads are saying they got a bad labor report 

May 05, 2022 01:31 PM
Rainmaker
571,917
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

I know exactly why, but follow Kathleen Daniels, Probate & Trust Specialist in restraint of posting a response.

May 05, 2022 12:45 PM
Rainmaker
962,707
Peter Mohylsky. BRIX REALTY
Brix Realty - Destin - Miramar Beach, FL
BRIX REALTY -DESTIN

the pendulum swings.  Thanks to Newton, What goes up, goes down 

May 05, 2022 11:46 AM
Rainmaker
6,966,318
Roy Kelley
Retired - Gaithersburg, MD

No worries, Will. I hope your retirement funds are professionally managed.

All you need to do is to sell more houses and add to your retirement funds.

May 05, 2022 04:13 PM
Rainer
149,276
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

Uncertainty.  The market does not like uncertainty.

May 05, 2022 03:12 PM
Rainmaker
3,670,601
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Will Hamm market adjusting. Kathleen Daniels, Probate & Trust Specialist made a good suggestion.

May 05, 2022 01:38 PM
Rainmaker
808,447
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

We're still in unchartered territory and I don't think the Feds truly know what to do to balance things. People are reacting in unpredictable ways.  Plus, we still have a housing shortage. Now, the most vulnerable can't buy in many areas. Only time will tell if raising interest rates this much and this fast was the way to go. Personally, I think it was too fast.

May 06, 2022 05:24 AM
Ambassador
5,698,869
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Interest rates are a tool used to control an aggressive economy and inflation, perhaps they are looking at an increase in the market as a hint to adjust the interest rate.

May 06, 2022 01:56 AM
Rainmaker
1,346,852
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, Yes I do know why.

May 05, 2022 06:57 PM
Rainmaker
539,569
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

What if we went back to being energy sufficient. Prices would come down on gas, food, building materials , etc. Seems simple?

May 06, 2022 07:11 PM
Rainmaker
1,362,524
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Rate increase was baked in, and was rejoiced as it didn't get a 0.75 rate increase.  Irrational exuberance pulled back market on Thursday.  

May 06, 2022 08:30 AM
Rainmaker
4,509,621
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

My heroine, Kathleen Daniels, Probate & Trust Specialist kept me an active member here by advising caution!

May 06, 2022 04:37 AM
Rainer
348,716
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Stock market worries: earnings coming out not so pretty, we expected .75 and this means two more jumps in the summer, the cost of everything is higher...

May 05, 2022 01:39 PM
Rainmaker
844,112
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The stock market is not always rational. Don't worry about it.

May 07, 2022 11:49 AM