Jason Bramblett 1-13-24 Part 2

Jason Bramblett helps you understand and profit from Real Estate in the Piedmont Triad of North Carolina.

Episode Transcript

(00:06):
And welcome back to the Jason Rambletreal Estate Shows. We're diving into all
things well, I don't know,real estate psychology and whatever else today,
But I don't know. I've justbeen digging in and I really want to
encourage you before we get too farinto weeds Down twenty twenty four. Let's
just be intentional. I think isthe right place to be be intentional.

(00:28):
So you mentioned at the beginning ofthe show that kind of some of the
numbers are seeing, you know,back on the real estate path here,
that it might be the smart timeto kind of, you know, to
get that money into the market nowand and and to kind of make a
choice and to kind of move andthings are kind of going in a certain
direction. I mean, why doyou think that? Yeah, for sure.

(00:50):
Well, I mean I'm looking atthese numbers every day. And two
things that I am watching extremely closeright now is what we call the number
of potential buyers. And that numberis increasing rapidly. That is mainly through
conversations and or surveys that we're doing, or information that we're getting from third
party sources. But it's incredibly thenumber of people that actually want to be

(01:11):
in homeowners and that number is justgoing up and up, So that meaning
basically inventory of future home buyers ison the rise and basically rising quickly.
Now home inventory and new home buildsare up, but they're not keeping pace
with that same number, so thereis more going to be more demand than
inventory still as we go through twentytwenty four, and I think what it

(01:34):
looks like, you know, there'sthis I don't know, there's this hold
back piece that is going to getremoved at some point in time, and
then the floodgates are going to open, and I think it's going to hit
the market is going to hit itpretty quick. And what do I mean
by you know, this whole backpiece. I think it's two things.
First, it's mortgage rates. Mortgagerates continue in a decline. It's just
you know, we're getting more backand affordability, and more people are going

(01:57):
to take action with fear of missout again on potential lower rates and the
fact that you can still refinance andget a lower rate if they even drop
further, but you you know,you may miss the house. So I
think people are going to take actionon getting the home and getting in there
as opposed to gambling on waiting onthose rates to come down to whatever,

(02:19):
you know, whatever magic number itis. The downside is is that if
it happens in that floodgate opens likethat with the rates, then it's twenty
twenty all over again. Right nowwe're back to multiple offers and those type
of things. And by the way, we've had four houses this week that
have been in multiple offers already andwe're only the second week in January.
So maybe this is If there's sucha thing as a sweet spot, maybe
this is it. This could be, I think. So the second one

(02:43):
would be prices. If prices reallystarted to drop, then you could certainly
see, you know, people takeaction, but I don't know. Inventory
prices they have definitely adjusted down somewhat, but they're still holding pretty tight.
So it's it's interesting time. Here'swhat I would say is just you know,
you gotta do what's right for yourfamily. But here here's what I

(03:05):
know. You're never gonna time outeverything perfectly, So you're not gonna get
the market at the bottom, andyou're not gonna get the rates at the
bottom. All those things are probablylong gone for now. We're in a
transitioning time. In real estate,if you see the house that you love,
I would take action and buy it, and then the rates go down,
you can always refinance. That's nota bad thing. So if you
want to learn more about how todo all those things, of course,

(03:27):
you can go to Jason bramwat realestatedot com and me just check out our
inventory, check out our homes informationon there, or you can call the
office. It's five five three zeroseven nine six. With that, my
friends, is where we're at theend. We'll see you back here next
week at the same time.