22 min.
Real Estate Overtime - Episode 2 Real Estate Overtime Podcast
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- Steden en reizen
Hey, everybody. Joshua Star here. Welcome to the real estate overtime. I'm here with Leon and Jason. Glad to be with you guys again. We're really stoked. We're going to launch right into a real estate market update and turn it over to you guys. Yeah, I love the beginning of the year. So we've traditionally looked at the spring market.
Mm hmm. And it's different for everybody, right? So, you know, originally, as I mentioned before, I originally started my real estate career selling real estate in Chicago. And right now in Chicago, it's frozen. It's cold. Nobody wants to go outside, let alone actually go and look at properties. In fact, this time of year, when we would show properties, we I'd bring like a big thermos of hot water to melt the lock boxes so I could get the keys out.
So just imagine that compared to, you know, where the T T-shirt being okay. Being outside right now is a pretty slow in the winter real estate wise in Illinois, it's a little bit slower than what we see here. You know, one thing that picks us up here is our snowbird activity, because we have a lot of 55 plus communities.
And so like us as a team, we're really busy working with a lot of out-of-state people as well as working with in-state people as well. So it's not just exclusive to the 55 plus communities. But that being said, one of the traditional statements that we would say is that our spring market, typically we would look at it would start to pick up a little bit in January, but after the Super Bowl, it would take off.
And when we look at what's going on already in January, we're already seeing that activity start to happen. And so if it's going to pick up even further and further and even faster, come after the Super Bowl, I would anticipate that we're going to have a pretty good spring. From a sales perspective, from a recovery perspective. The last nine months has been about our market adjusting to a higher interest rate.
We watched the rate, you know, we watched the inventory skyrocket and then it kind of dropped back down because this is a little image if we want. But we're seeing inventory level off right now and we're seeing rates kind of simultaneously dropping. So we're we're seeing higher activity. So that's kind of the overall. I fully agree with you about the spring.
And when I talk about some of the rates and inflation, that leads right into what you're saying, I think could be an explosion, honestly. Yeah. I mean, how many people for the last nine months were just on the sidelines waiting to see what happened? There's a huge pool of buyers that this was actually we're definitely we're definitely starting to see a change.
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Send in a voice message: https://podcasters.spotify.com/pod/show/loyaltyhomegroup/message
Hey, everybody. Joshua Star here. Welcome to the real estate overtime. I'm here with Leon and Jason. Glad to be with you guys again. We're really stoked. We're going to launch right into a real estate market update and turn it over to you guys. Yeah, I love the beginning of the year. So we've traditionally looked at the spring market.
Mm hmm. And it's different for everybody, right? So, you know, originally, as I mentioned before, I originally started my real estate career selling real estate in Chicago. And right now in Chicago, it's frozen. It's cold. Nobody wants to go outside, let alone actually go and look at properties. In fact, this time of year, when we would show properties, we I'd bring like a big thermos of hot water to melt the lock boxes so I could get the keys out.
So just imagine that compared to, you know, where the T T-shirt being okay. Being outside right now is a pretty slow in the winter real estate wise in Illinois, it's a little bit slower than what we see here. You know, one thing that picks us up here is our snowbird activity, because we have a lot of 55 plus communities.
And so like us as a team, we're really busy working with a lot of out-of-state people as well as working with in-state people as well. So it's not just exclusive to the 55 plus communities. But that being said, one of the traditional statements that we would say is that our spring market, typically we would look at it would start to pick up a little bit in January, but after the Super Bowl, it would take off.
And when we look at what's going on already in January, we're already seeing that activity start to happen. And so if it's going to pick up even further and further and even faster, come after the Super Bowl, I would anticipate that we're going to have a pretty good spring. From a sales perspective, from a recovery perspective. The last nine months has been about our market adjusting to a higher interest rate.
We watched the rate, you know, we watched the inventory skyrocket and then it kind of dropped back down because this is a little image if we want. But we're seeing inventory level off right now and we're seeing rates kind of simultaneously dropping. So we're we're seeing higher activity. So that's kind of the overall. I fully agree with you about the spring.
And when I talk about some of the rates and inflation, that leads right into what you're saying, I think could be an explosion, honestly. Yeah. I mean, how many people for the last nine months were just on the sidelines waiting to see what happened? There's a huge pool of buyers that this was actually we're definitely we're definitely starting to see a change.
---
Send in a voice message: https://podcasters.spotify.com/pod/show/loyaltyhomegroup/message
22 min.