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

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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I'm happy about it from the point of my money market with morgan stanley account.  And historically mortgage rates aren't terrible.  We were spoiled.  And honestly from an economic stand point it's the only thing that will stop this run away inflation is people stop spending.  

May 03, 2023 08:04 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

It is going to get worse.  Much worse.  Hold on to your hat and your coat. It is going to be a wild ride! 

May 03, 2023 11:38 AM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

The government does what they want, despite the hardships they are creating for many. My husband shopped a few days ago and brought home $400 worth of groceries. After bringing them into the house, I asked him "WHERE IS THE REST OF THEM?"

May 03, 2023 09:53 AM
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I was at the grocery store yesterday and noticed some things had gone DOWN! 

 

May 03, 2023 09:20 AM
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Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor" RETIRED

It's just History repeating itself. And like back the mid 70's & early 80's, this too shall pass!

 

May 03, 2023 08:10 AM
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J.R. Schloemer
Kentucky Select Properties - Louisville, KY

They go up, they go down. I believe, and speaking with a doctorate in Econ, the rates have been artificially too low for too long. I am afraid the "affordable" housing segment is gone, because of buyers being priced out the past 3 years, so they purchased lower price points and renovated them with the surplus money they were approved for. Now fewer housing are being listed due to the cheap rates owners have and they've improved their home to a point they can't get in a new home or they don't want/need to move. 

Tough times for buyers.

May 03, 2023 10:35 AM
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Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

The rate hikes will not stop. Prices are really concerning and will continue to trend up. Just hope the government doesn't shut down over the debt ceiling

May 03, 2023 09:41 AM
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Hi Will,

Not a surprise as The Fed only knows how to impact the demand side of the economy.  The inflation rate is dropping and will continue to do so as The Fed will continue with its course of action, but I believe inflation will linger at 4-41/2% as the administration continues its domestic war on fossil fuels coupled with OPEC+'s desire to keep the supply of oil limited to reap those big profits.  Only 46% of crude oil goes to gasoline production  and fertilizer, herbicides, and pesticides will continue to make things challenging for our food supply as they are derived from petroleum.  Our grocery store packaging and plastics are made from petroleum as well, not to mention just about everything else in our home:  furniture, cleaners, flooring, OTC and Rx drugs, about everything in the medicine cabinet, shoes, cars, and the list goes on.  

I buy mostly organic food and interestingly enough the prices haven't gone up much at all, maybe because they don't use synthetic fertilizer, pesticides, and herbicides?   I always look for things on sale and have started using those store coupons being mailed out. 

I really feel for so many of our families struggling to make ends meet.  The Fed's actions will not reduce high fuel, utility, or food prices as the demand for them is inelastic.  (Essentials with no close substitutes at a comparable price.)  The way to get inflation back to 1-2%, in my opinion, is a supply side solution without the possible pain inflicted by The Fed's demand side solution of raising the Fed Funds and Discount Rate.  

If things get worse this is a chance for us to be a blessing to those in need in our communities, not because it is good for our business but because it is the right thing to do.

May 03, 2023 03:31 PM
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John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, 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

Fed interest rate hikes are designed to reduce inflation ----- interest rates going up, at the Fed level, will bring prices down, along with mortgage rates.

May 03, 2023 01:58 PM
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Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

As real estate professionals, we need to adjust to this economy, just like we have always done.  

May 03, 2023 01:18 PM
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Susan Emo
Kingston, ON
Kingston and the 1000 Islands Area

The 100 year dread:  Will history repeat itself?

In the 1920's "Financial innovations allowed exuberant investment in the stock market, which supported rapid growth for many companies and the labor sector. But that same exuberance led to asset bubbles and an overheated economy. That eventually burst in 1929, signaling the Great Depression of the 1930s."

May 03, 2023 05:31 PM
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I am blown away every time I shop as well, Will.  Until inflation gets under control, the fed has said they plan on continue to raise interest rates. Hard to believe how quickly our country's economy has changed.

May 03, 2023 12:37 PM
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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Perhaps we will slow down on the spending? It does have some positive benefits, Will.

May 03, 2023 08:44 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I think that many potential home buyers are competing for the limited inventory of  homes in the hope of getting a home before interest rates rise even higher.

We are seeing multiple offers and over-bidding, again.

May 03, 2023 12:10 PM
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Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

It all started with the idea that with a wave of the wand we could go green. That was the beginning of the end. Stay tuned, it will get worse!

May 04, 2023 03:39 AM
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Steve Higgins
RE/MAX Kelowna - Kelowna, BC

It's crazy how much prices have gone up at the grocery stores and the profit they are making quarterly.

May 03, 2023 06:37 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Making the rich richer is not to my liking either. How much money does one need? What is the point of being a billionaire? Consider that the prices we pay are not the true cost of goods but instead, what retailers & such can get away with. As to rates going up, there is politics driving it not the need for it. Despite all this, Americans still march forward. Consider also that in time, they will come down, and the refi market will take off. Money moves being made

May 03, 2023 10:13 AM
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Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Grocery prices as well as eating out have gone up. What used to cost us $40 for lunch at a nice cafe is now over $60. We typically go out to lunch a couple days a week vs. out to dinner. Now lunch cost as much as dinner used to!

May 04, 2023 08:14 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Grocery prices have skyrocketed. It's crazy.

May 04, 2023 06:35 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I dont give it a thought.

Would you rather have inflation or higher rates, the main tool that the economists use to bring down inflation is interest rates.

May 04, 2023 01:23 AM
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Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

The way prices stay high and travel sets records as interest rates rise goes to show how foolish it was for the government to give out so much free money.  The only way out of the is to increase the world's supply of money.

May 27, 2023 02:55 PM
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Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Will Hamm Seems another bank is going belly up. Yes do not understand why the Feds want to create another banking crisis 

May 04, 2023 11:53 AM
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Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Not moving right now so not affected by mortgage rates increasing and happy to see our money market actually making some decent interest.

May 04, 2023 07:14 AM