In this short video clip, I talk about the impact various economic factors - the Feds raising the funds rate, volatility in the stock market and crypto - has on real estate and how it's creating more opportunities and entry for would-be home buyers.

Caption:

"There's been a number of sensational headlines this week. Of course, at the top of the list is the fact that the Feds raised the Feds Funds rate by 3/4 of a point. And then of course, there's been the stock market volatility and the fact that we're in a bear market. And then, let's not forget about everything that's happening with crypto.

With those types of stories dominating the headlines, of course one of the main questions I've been getting from would-be home buyers is, "What does that mean for me if I'm looking to buy a home later on this year?" For me, broad picture speaking, I always advise my clients that real estate is a good investment. and if you go back and take a look at the stats, that really does speak for itself. Over the long term, real estate is an asset that will appreciate for you.

Now, we've all gotten used to mortgage rates being in the high 2's and 3's. So I know it's a bit of a hard pill to swallow seeing them jump up to the 5% range, 6% range because we've all gotten used to that. And it does have an impact on your monthly mortgage payment. But there is more opportunity these days for would-be home buyers. And what I mean by that is previously, when you're shopping for a home, it could be a really strenuous and frustrating process because you'd be writing offer after offer, going tens of thousands, hundreds of thousands over asking only to have your offer get rejected by the seller. These days there's more opportunity. The fundamentals are the same: you still have to write a clean, concise offer and your finances still have to be on point, but your chances of getting your offer accepted is much better.

At the end of the day, unless you're living with friends and family for free, you're paying for someone's mortgage. In most instances, if you're renting, it's your landlord's. So why not pay for your own mortgage and build equity? Especially knowing that the Feds have announced that they will likely be raising the rates again a few more times this year, there's no better time than now to start your home search, get into a home you love, again, start building that equity, and building wealth for yourself and your family. If you have any questions, feel free to reach out, I'm here to help. "