Tony Lewis, Summit Real Estate Group Valencia & Aliso Viejo (Summit Real Estate Group)

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Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

I've read somewhere that there will be wailing and gnashing of the teeth.

Sep 21, 2022 12:29 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Today, a buyer backed out of making a purchase on one of my listings. It was all cash and intended to be added to their real estate investment portfolio ... and their retirement. 

They backed out due to the hit their investment portfolio recently took.

It's going to get uglier and uglier until ... 

 

Sep 21, 2022 03:37 PM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It will sting, but won't kill.

Sep 21, 2022 12:39 PM
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

The Fed Chairman has pretty much admitted in his comments yesterday that there will be no soft landing if you listen carefully to his words. We are in a heap of problems.

Sep 22, 2022 04:06 AM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

But will it impact interest rates?  The last couple have not.  It's of no concern to me.  Until "you know who" stops giving out free money, forgiving loan debt, and allowing so many to be on unemployment... not to mention passing government spending bills which only add to inflation... none of this will get any better.

 

What we need is a CEO in the oval office, not a.... well... what we have.

Sep 21, 2022 08:10 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

My crystal ball is not up to forecasting the future of our economy.

 

Sep 21, 2022 04:51 PM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Soft landing? No such thing. When a punch is thrown, it creates sudden impact, this downturn is definitely going to hurt as well! Already is, actually.

Sep 21, 2022 02:41 PM
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I don't see a soft landing.  Just how big the downturn will be rests on many aspects. So, we'll see.  There will be some upsides to investing....keep that in mind.

Sep 21, 2022 01:04 PM
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Hi Tony,

In the short term,  a Fed Funds target rate of 3-3.25% is not going to eliminate the high inflation rate.  So much of the inflation is at the supply end (cost push) and the Fed tools of increasing the discount/fed funds rate and selling government securities are meant to impact the demand side of the economy. 

 Unemployment is still incredibly low and those numbers will not dramatically increase until The Fed really starts to cause some real pain by getting the discount rate near the inflation rate, in my opinion.

Our housing market is now starting to slow down, but Purdue University still remains the single largest employer in Tippecanoe County at 7,000 employees, and it has been rock solid through the ups and downs of the business cycle.  There is some  concern in some of the other industries in town, but for the most part people are concerned about the high price of fuel and food prices at the moment, but in the back of their minds is the worry about the recession deepening.

Sep 21, 2022 01:14 PM
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Peter Mohylsky
PMI. Destin - Miramar Beach, FL

Hard landing after an overshoot.

Sep 21, 2022 12:30 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Jobs are needed to make the Real Estate purchasing engine perform. So, we factor that in. Low inventory offsets it. Buyers want to own. Rents are too expensive and owning has proven to be long term proof for value plus. Where are going? It's the same roller coaster ride of up, down, sideways and flips with stops to sell, purchase or invest on the way.

Sep 21, 2022 01:49 PM
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Because they are already announcing two more increases expected before the year end a better climate is not anticipated in 2023.

Sep 21, 2022 01:19 PM
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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

I'm planning to continue as I have for 23 years and 98 markets...

Kicking booty and making looty!

Sep 22, 2022 06:39 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Less than a percentage point, yawn.

Sep 22, 2022 11:11 AM
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Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I think we can already say that it is not a soft landing.  There has already been a huge amount of wealth lost and the Fed has a long way to go. 

Sep 22, 2022 10:24 AM
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Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I have no idea what to expect BUT Treasuries sure look good right now

Sep 23, 2022 07:27 AM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It will sting, but like a sting, it will pass. Rates are still artificially low, just like what banks pay on your savings.

Sep 22, 2022 04:57 AM
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Real estate agents and brokers set the tone for what's ahead that the public read or watch and then adjust their plans. People are going to buy and sell real estate in any market, no matter what the interest rates.

It is not what the FED does or does not do Tony Lewis . It's staying positive and doing the best job beefing up your listing inventory and doing a better job in your marketing of the property, your community, your brand. That never should stop. But fear can hurt your momentum and your results.

If a buyer or seller in your market read that comment "I am anticipating a big downturn as layoffs have already begun". How would you react? Panic? Would folks rush out to list or buy with you or think better not do anything, dark days are ahead. There is always a market and adjust your "sales" to capture the biggest slice of the pie.

Sep 22, 2022 03:52 AM
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Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I expect my 401k will need years to recover from this cluster blank.

Sep 22, 2022 01:40 PM
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

More of a downturn again.

 

Sep 22, 2022 11:49 AM
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Funny thing, I just received a loan guy marketing for 0 downpayment. I feel the mortgage people will find the way to bring the buyers back around the increased rate, even BofA offers now loans with 0 down~ not for all, but it is there. 

Sep 23, 2022 02:04 PM