William  Piotrowski, Just Call William 630-881-8655 (Diamond Residential Mortgage Corporation )

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Rainmaker
2,692,524
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The gov is trying hard to slow down the ability to purchase Real Estate. The connecting markets will suffer for a while. One thing that cannot be stopped is the dream of OWNING. In addition to that, low inventory keeps demand up for those that want and can purchase. For those that can afford the high monthly payment because of increased rates, refi is in the near future when the cycle or phase turns the corner. For those that rent, the ongoing high rent will always pressure them to buy. For those living with family, they will save until they can launch their own nesting & they will. Trying to slow down or stop Real Estate is folly and poor judgement. The whole country and even world history is based on owning a shelter something that will never stop. It goes on & on until everyone gets a piece of their own Real Estate and a PEACE of having home sweet home

Sep 23, 2022 11:12 AM
Rainer
309,898
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I see rates going up for the next six months.  I see inflation remaining high for the next six months.  I see the stupid government continuing to print money and raise taxes (regardless of party) for the next six months.  We're in a deep hole.  It's going to be a while before it turns around.

Sep 23, 2022 10:52 AM
Ambassador
1,015,188
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Rates come down some, property prices dip very slightly, more buyers enter the market.  Short term with rates where they are this won't happen, but next year we'll see a recessionary environment, a break in inflation, and reduced rates making homes affordable again.  That's my crystal ball at least.

Sep 23, 2022 10:18 AM
Rainmaker
1,431,561
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Mine only told me the winning mega lotto numbers.  Oops, did I say that out loud.  Inside voice!  Inside voice!

 

I see more of the same, along with the normal ebbs and flows of the seasons.

Sep 23, 2022 06:39 PM
Rainmaker
1,361,634
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

It's been an awesome market and I see more awesome coming!

Sales are up, buyers are buying and sellers are selling and I'm scoring some great deals for both through skilled negotiations. 😎

Sep 23, 2022 05:11 PM
Rainmaker
1,027,872
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

My crystal ball is in the shop for repairs.

All I can say is, whatever is to come, I will be applying myself to gain success.

Sep 23, 2022 04:34 PM
Rainmaker
610,060
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Inflation is taking a bite on everything we buy.  Mortgage interest rates will be in the 5 to 6% rates for sometime.  Buyer will start purchasing with adjustable rate mortgages. Home prices (at least in our market) will moderate and the rate of increase will slow down. We still don't have sufficient inventory, but there are far more options for buyers than there were.

Sep 23, 2022 02:20 PM
Rainmaker
1,559,528
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

We do see some price reduction/correction, but all transactions I worked recently on had multiple offers and went in escrow over asking price~ so that is that in reality....

Sep 23, 2022 01:43 PM
Rainmaker
2,085,563
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I have no clue as to the housing market in the Minot ND area William being I am retired but historically Minot has had a very steady market. It seems to me, just driving around, that there are very few homes for sale in our area.

Sep 23, 2022 11:15 AM
Ambassador
3,162,455
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I see continued price reductions.

I see ongoing and continued increases in food prices. 

I see opportunities. 

Sep 23, 2022 06:14 PM
Rainmaker
721,060
Eileen Burns
Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach - Fort Lauderdale, FL
FLorida Real Estate Connector

I see opportunity despite recession, inflation, high rents and mortgage rate increases which will continue upward.  There will be a flurry of adjustable-rate mortgages versus fixed for 15 or 30.  People will always upsize, downsize, move to new locations for many reasons.

I have lived through many cycles in my 30+ years in the business.  😎

Sep 24, 2022 06:13 AM
Rainmaker
3,714,639
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello William, higher interest rates will slow the buying power and the market

Sep 23, 2022 04:20 PM
Rainmaker
1,057,728
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

People need to live somewhere and people buy & sell in both up and down markets. I do expect a downturn and the Fed is bound to exacerbate it.

Sep 25, 2022 09:24 AM
Rainmaker
1,379,260
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Market has slowed, getting slower, and is heading towards a buyer's market.  DOM and price drops are increasing while SP to LP is slipping.  

Sep 24, 2022 08:38 AM
Rainer
156,117
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

I tell my students that once you are in real estate, people will ask you want is going to happen to the market the way they ask other people about the weather.

They say to their other friends:  "Hey John, how are you?  It looks like we're going to have a nice storm this afternoon."

They say to you: "Hey John.  How are you?  How's the real estate market?  What do you think it's going to look like next month?"

Predicting the market is the mundane small talk of our industry.

Sep 24, 2022 03:51 AM
Rainmaker
741,531
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

If interest rates continue to climb our market will continue to slow and prices may go down or hold their own.

Sep 24, 2022 06:58 PM
Rainmaker
4,577,249
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Price reductions will increase and so will inventory. Mortgage interest rates will slow some buyers. Watch the economy closely.

Sep 24, 2022 04:50 AM
Ambassador
5,762,213
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

The market doesnt matter, I plan to be very busy growing my business.

Sep 24, 2022 02:07 AM
Rainmaker
916,348
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

In the next few months, the FED adjustments will have mortgage interest rates in the 8% level. Historically, that has not been a showstopper.
Assumable mortgages will be a tool just as short sales were new tools a few years ago. Some will use them others will ignore them.
Consumer confidence will continue to decline, and it will be incumbent upon the PROS to sort the qualified from the dreamers.
But 1.7% of the population will continue to change addresses and with a smaller pie, new strategies, even illegal ones like BUYING listings and 'closed' inventory will shadow the marketplace. Add a little discriminatory lending and you've got yourself a real conundrum. 
This fed inflicted STALL should create opportunity for new tech and a new way of conducting real estate transactions to get a foot hold. The economics will be undeniable, but NAR remains the 800 lb gorilla that will do all it can to not let change happen. 
By the way, did you hear NAR is paying to have a tree planted for each NAR member. At you next opportunity ask your NAR official where the tree is with your name on it.
Those who demonstrated the discipline to live below their means will do just fine in the 8% marketplace.

Sep 24, 2022 10:08 AM
Rainmaker
5,335,892
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The market is slower, buyers now have choices with the inventory increase.   

Sep 24, 2022 06:17 AM
Rainmaker
946,891
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I have quite a few people wanting to open gun shops. LOL

Sep 24, 2022 05:24 AM
Ambassador
2,789,121
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Stall in sales, rising interest rates, escalating food and gas costs and more of the same that is presently taking place...other than that...

Sep 26, 2022 05:22 PM
Rainmaker
850,292
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's changing...

Sep 24, 2022 11:04 AM
Rainmaker
698,399
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Our local market is stagnant with few sales and price reductions happening steadily.  Homes are still being listed at unrealistic prices.  I think the off season, Halloween to the middle of February, will be awfully slow.  Homes should start to be listed at more realistic prices next spring and sales should pick up around the middle of April.

Sep 24, 2022 10:41 AM
Rainmaker
819,420
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

An appraiser told me he feels the market will settle like a feather. I thought that described our market will.

I think the government will continue to play with the interest rates. People with money will continue to buy and those without will continue to rent. I think we'll see renters and some buyers move out to less expensive areas. That will cause issues with the affluent areas hiring people to do entry level jobs or even necessary jobs (teaching, police, etc). The government will then need to print more money to subsidize those folks so they can live in the communities they work in. It's a hamster wheel!

Sep 26, 2022 05:38 AM
Rainer
354,342
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

I see rainbows and blue skies but I cannot predict the date for that weather. Meanwhile I'm worried about Realtors and clients in Florida as the ones in Puerto Rico got hit by the Hurricane Ian. 

Sep 26, 2022 04:34 PM
Ambassador
425,042
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Market in Santa Fe NM is adjusting to continued LOW inventory and the Federal Reserve's attempt to stop inflation. Unfortunately, IMO their crystal ball is busted as inflation is not being caused by higher wages, but by the more underlying problem of profit price inflation where companies continue to raise prices above costs. IMO due to the Fed missing the mark, they are creating a bifurcation of the housing market with mortgage interest rates approaching who knows what next. Does anyone know if NAR is doing anything issue?

Sep 26, 2022 10:45 AM