“Who cares? People always need homes.” This is not what a person should hear from a REALTOR.
Many REALTORS don’t understand economics and politics or how strongly it affects their local real estate market. Many say they don’t understand so they don’t pay attention. I’m calling them out on that. That’s just laziness. If you pay attention, you will begin to learn and understand.
Yes, everyone needs a place to live. However, they can’t buy a house if they don’t have a job. Lot’s of things affect your local job market. The number one thing that messes with the job market is government. #true
I’m not advocating that you get involved in politics if you have no interest. What I would like to stress is that you have to understand your market and its drivers and vote accordingly.
Interest rates will rise. It’s a law of economics that they must. However, if you review the history of homeownership and mortgages in the United States you will see that history proves any rate under 10% is still a good rate and a solid investment. (This is mortgage specific. Doesn’t work for products with a short life span. ie: auto)
It is expected that rates will slowly climb. It will be years before we see 10% again. So, I don’t expect climbing interest rates to adjust my market negatively. A major industry closing or moving will have a drastic impact on my local real estate market.
#raisethebar #vote #engage #headoutofthesand #GetRealtor
leighyork 