October 29, 2025 • 6 mins
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
It really looks like Fed's going to start moving on
(00:02):
those rates again, and in the direction we went. In fact,
we set records at the markets Friday. I think we
set records Monday, Tuesday. Who knows what's going to happen today.
We're watching it all kind of take place. A lot
of that's, you know, other things to China, trade deals,
et cetera. My good friend Kevin Yoders here with this
right now. A lot of people wonder speaking of keys
(00:23):
like the king of real estate here in West Michigan.
Kevin's the guy if you want to sell your house,
you know, you want to buy a house, you want
to do and you just have questions and you're like,
I don't know what to do. Kevin's a guy I
call when it comes to all these things. But Kevin,
first of all, welcome in. Good to see you, my friend.
Speaker 2 (00:42):
Thanks brother, so great to see you again as well.
Appreciate you having me on.
Speaker 1 (00:45):
There's a lot of questions about whether homes are moving
or they're not moving, or what happens in a market
like this when you've got these interest rates to the
way they are and people want to see them come down.
I think it's going to save a lot a lot
of folks a lot of money. What do you what's
your take on it? What are you seeing right now
and where things are going and what the market looks
like as we speak.
Speaker 2 (01:04):
Yeah, let me let me start with this justin you know,
everyone's talking about mortgage interest rates like their sky high
right now, but that's mostly perception. It's really not reality.
At the start of twenty twenty five, the thirty year
fixed mortgage was around seven percent, but today it's actually
more than one percent lower. It's like I look at
them this morning, five point eight seven five, So it's
a big drop. And historically speaking, today's rates are actually
(01:28):
pretty good. People forget and historically speaking, you know, you
go back to when they first started tracking them. It's
seven percent back in nineteen seventy one, So people forget
in twenty twenty one, rates at two point seventy five
to three percent. Home prices for through the roof, inspections,
for being waved, multiple offers. It just absolute chaos. And
(01:49):
so at a place where we're at the high fives
and six is I think people are missing the forest
for the trees and they're not capitalizing on the opportunity
that's right in front of us. And that perspective goes
back if you look at nineteen eighty one eighteen point
six seven three, nineteen eighty five thirteen point two nine percent.
Even twenty twenty five years ago when I bought my
(02:11):
first house, interest rates were eight point six four percent,
So you know, at the takeaway here is at five
percent range, actually below the long term average. We're talking
about some of the lowest interest rates in the last
fifty years, and I think that people have amnesia when
it comes to this kind of thing we do. Well.
Speaker 1 (02:29):
It's interesting because, as you mentioned this, it was so funny.
I'm watching I'm on YouTube watching all kinds of stupid stuff,
but I all the nostalgia watching. They have videos. This
is how crazy the times are, right that we live
in the videos of commercials from the nineteen eighties, and
I just like, I wanted to start watching them, and
I'm like, oh man, what a simpler time it was.
(02:51):
And they show these in the show car videos and
the Dodge this and the Chevy that they're like with
low interest rates of five or six or sid whatever
it was, and I'm like, wow. So that just to
your point, what is all this doing to the market
right now when it comes to buying home selling homes,
that kind of thing.
Speaker 2 (03:09):
Well, I think the challenge is is it's it's perception.
In perception is reality. So if we were if buyers
were looking at an objective viewpoint of the market, they
would look at interest rates that are favorable from a
thirty year standpoint. We just gave you the numbers on it,
and they would look at affordability. They would look at
the fact that right now, at three hundred thousand dollar home,
(03:30):
which would have been three hundred and fifty thousand dollars
back in twenty twenty two, would cost you about two
thousand and eighty five dollars a month compared to about
eighteen hundred and thirty four dollars a month as a
two hundred and fifty dollars difference in payment. And so
you might think that it's two hundred fifty dollurs, but
we're spending two hundred fifty dollars on all sorts of
nonsense a month anyway. But the point is that you
could be a homeowner. You can be a homeowner and
(03:51):
build equity and build wealth. So it's creating, it's creating
some some hesitation. It's creating some uncertainty, but not like
it should be, and I think that that's a big thing.
So right nowadays on the market is up from last year.
We're about twice as long on the market. I think
that the sellers out there, if you're thinking about this
(04:13):
and you hear bad market or good market, or anybody
that's listening to us, it's super important to know this.
Stop saying that there's no bad market or good market.
There are just markets. And we're moving from an extreme
seller's market into a balanced market, which means that buyers
and sellers can navigate around a lot more easily than
we could have three or four years ago. So there's
(04:34):
some hesitancy. Seasonality is playing into it here in West Michigan,
which means this time of year things tend to slow
down a little bit. And I think that this could
this could really turn into an amazing opportunity for both
buyers and sellers. Sellers that want to sell their home
and buy a new one, there's a lot more room
to move around. There, a lot more time you have
on your side. And buyers, if you want to get
(04:56):
a get a value for a home, they're not as
high as they were before. The streets are actually pretty good, Kevin,
to sit on the sidelines, I.
Speaker 1 (05:03):
Hate to cut you off. We got to get to
a commercial break here in the Glenn Back program coming
up in just a moment. Can you hang on just
for a moment. I know some folks have some questions.
I think you might be willing to answer off the
air here too in the after so we'll get to
some of that coming up in just most you have
questions for because questions, what do you do? Kevin's selling
homes and probably better and faster than anybody else. So
if you've got a home that you need to sell,
how do you get into it? Kevin? The meantime, UH,
(05:25):
the best way for them to reach out if they
want to get in touch with you.
Speaker 2 (05:29):
Sure, easy to go to Yoda real estate dot com Yoda.
Actually you can go to sold by Yoda dot com.
Sold by Yoda dot com. I'll move my chair around
so you can see the domain there is sold by
Yoda dot com. There you go right there. You can
also just give a call writer or office number ninety
four two two four four nine, even though the number
on the back there, don't call that number there because
that's the side number. Six one six two four four nine.
(05:53):
That's our office number, or yoga or sold by Yoda
dot com.
Speaker 1 (05:56):
Here you go, all right, folks, Kevin appreciate you as always,
back with more. The Glenn Beck Program is coming up.
Next to the meantime, folks, we got an after show.
The fastest air on radio just flies right by. Make
it a great one. God blessed,
It really looks like Fed's going to start moving on
(00:02):
those rates again, and in the direction we went. In fact,
we set records at the markets Friday. I think we
set records Monday, Tuesday. Who knows what's going to happen today.
We're watching it all kind of take place. A lot
of that's, you know, other things to China, trade deals,
et cetera. My good friend Kevin Yoders here with this
right now. A lot of people wonder speaking of keys
(00:23):
like the king of real estate here in West Michigan.
Kevin's the guy if you want to sell your house,
you know, you want to buy a house, you want
to do and you just have questions and you're like,
I don't know what to do. Kevin's a guy I
call when it comes to all these things. But Kevin,
first of all, welcome in. Good to see you, my friend.
Speaker 2 (00:42):
Thanks brother, so great to see you again as well.
Appreciate you having me on.
Speaker 1 (00:45):
There's a lot of questions about whether homes are moving
or they're not moving, or what happens in a market
like this when you've got these interest rates to the
way they are and people want to see them come down.
I think it's going to save a lot a lot
of folks a lot of money. What do you what's
your take on it? What are you seeing right now
and where things are going and what the market looks
like as we speak.
Speaker 2 (01:04):
Yeah, let me let me start with this justin you know,
everyone's talking about mortgage interest rates like their sky high
right now, but that's mostly perception. It's really not reality.
At the start of twenty twenty five, the thirty year
fixed mortgage was around seven percent, but today it's actually
more than one percent lower. It's like I look at
them this morning, five point eight seven five, So it's
a big drop. And historically speaking, today's rates are actually
(01:28):
pretty good. People forget and historically speaking, you know, you
go back to when they first started tracking them. It's
seven percent back in nineteen seventy one, So people forget
in twenty twenty one, rates at two point seventy five
to three percent. Home prices for through the roof, inspections,
for being waved, multiple offers. It just absolute chaos. And
(01:49):
so at a place where we're at the high fives
and six is I think people are missing the forest
for the trees and they're not capitalizing on the opportunity
that's right in front of us. And that perspective goes
back if you look at nineteen eighty one eighteen point
six seven three, nineteen eighty five thirteen point two nine percent.
Even twenty twenty five years ago when I bought my
(02:11):
first house, interest rates were eight point six four percent,
So you know, at the takeaway here is at five
percent range, actually below the long term average. We're talking
about some of the lowest interest rates in the last
fifty years, and I think that people have amnesia when
it comes to this kind of thing we do. Well.
Speaker 1 (02:29):
It's interesting because, as you mentioned this, it was so funny.
I'm watching I'm on YouTube watching all kinds of stupid stuff,
but I all the nostalgia watching. They have videos. This
is how crazy the times are, right that we live
in the videos of commercials from the nineteen eighties, and
I just like, I wanted to start watching them, and
I'm like, oh man, what a simpler time it was.
(02:51):
And they show these in the show car videos and
the Dodge this and the Chevy that they're like with
low interest rates of five or six or sid whatever
it was, and I'm like, wow. So that just to
your point, what is all this doing to the market
right now when it comes to buying home selling homes,
that kind of thing.
Speaker 2 (03:09):
Well, I think the challenge is is it's it's perception.
In perception is reality. So if we were if buyers
were looking at an objective viewpoint of the market, they
would look at interest rates that are favorable from a
thirty year standpoint. We just gave you the numbers on it,
and they would look at affordability. They would look at
the fact that right now, at three hundred thousand dollar home,
(03:30):
which would have been three hundred and fifty thousand dollars
back in twenty twenty two, would cost you about two
thousand and eighty five dollars a month compared to about
eighteen hundred and thirty four dollars a month as a
two hundred and fifty dollars difference in payment. And so
you might think that it's two hundred fifty dollurs, but
we're spending two hundred fifty dollars on all sorts of
nonsense a month anyway. But the point is that you
could be a homeowner. You can be a homeowner and
(03:51):
build equity and build wealth. So it's creating, it's creating
some some hesitation. It's creating some uncertainty, but not like
it should be, and I think that that's a big thing.
So right nowadays on the market is up from last year.
We're about twice as long on the market. I think
that the sellers out there, if you're thinking about this
(04:13):
and you hear bad market or good market, or anybody
that's listening to us, it's super important to know this.
Stop saying that there's no bad market or good market.
There are just markets. And we're moving from an extreme
seller's market into a balanced market, which means that buyers
and sellers can navigate around a lot more easily than
we could have three or four years ago. So there's
(04:34):
some hesitancy. Seasonality is playing into it here in West Michigan,
which means this time of year things tend to slow
down a little bit. And I think that this could
this could really turn into an amazing opportunity for both
buyers and sellers. Sellers that want to sell their home
and buy a new one, there's a lot more room
to move around. There, a lot more time you have
on your side. And buyers, if you want to get
(04:56):
a get a value for a home, they're not as
high as they were before. The streets are actually pretty good, Kevin,
to sit on the sidelines, I.
Speaker 1 (05:03):
Hate to cut you off. We got to get to
a commercial break here in the Glenn Back program coming
up in just a moment. Can you hang on just
for a moment. I know some folks have some questions.
I think you might be willing to answer off the
air here too in the after so we'll get to
some of that coming up in just most you have
questions for because questions, what do you do? Kevin's selling
homes and probably better and faster than anybody else. So
if you've got a home that you need to sell,
how do you get into it? Kevin? The meantime, UH,
(05:25):
the best way for them to reach out if they
want to get in touch with you.
Speaker 2 (05:29):
Sure, easy to go to Yoda real estate dot com Yoda.
Actually you can go to sold by Yoda dot com.
Sold by Yoda dot com. I'll move my chair around
so you can see the domain there is sold by
Yoda dot com. There you go right there. You can
also just give a call writer or office number ninety
four two two four four nine, even though the number
on the back there, don't call that number there because
that's the side number. Six one six two four four nine.
(05:53):
That's our office number, or yoga or sold by Yoda
dot com.
Speaker 1 (05:56):
Here you go, all right, folks, Kevin appreciate you as always,
back with more. The Glenn Beck Program is coming up.
Next to the meantime, folks, we got an after show.
The fastest air on radio just flies right by. Make
it a great one. God blessed,
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