I came across an article a little while back on Redfin where they were discussing the pros and cons of living in San Francisco. As someone that is pretty familiar with San Francisco, I was surprised more by what they left out than what the included. San Francisco has long been considered a desirable place to live, thanks to its stunning architecture, rich cultural diversity, and thriving job market. However, recent years have highlighted some of the significant downsides of living in the city. I...
Mar 13, 2023•22 min•Season 2023Ep. 313
The recent increase in national interest rates has caused quite a stir in the real estate industry, and it is not surprising that many prospective homebuyers are feeling the pinch. With interest rates hovering around 6.97%, it's no secret that home sales will decline. The real question, however, is how buyers and sellers can navigate this situation to ensure that their interests are protected. In Morgan Hill, San Jose, and Gilroy, the 30-year fixed loan interest rates for those with excellent cr...
Mar 06, 2023•12 min•Season 2023Ep. 305
When headlines imply things are better than they feel, it is always good to take a closer look. January home sales headlines are a good example. The Latest Headlines In the most recent headlines for the home sales number in January, you could be forgiven for thinking that things are looking up. Sadly, that is not the case. At least, it is not giving the right overall impression as they focus on month to month numbers instead of year over year numbers. So today, we are going to look at the real n...
Feb 27, 2023•19 min•Season 2023Ep. 227
One of the more strange points of contention in the world of real estate is open houses. How does something so simple result in so many different opinions? Today, I want to take you on a journey to discover the bottom line truth about open houses using some common sense - which frequently seems to be left out of the discussion - and 30 plus years of experience from a real estate professional (That’s me!). The Common Points About Open Houses The argument against open houses usually goes something...
Feb 14, 2023•26 min•Season 2023Ep. 213
For almost a decade, the momentum of the real estate market has nearly guaranteed that if you list a home it will sell. The quality of your real estate agent could definitely help you make more - or less. But in the end, your home would sell. Today, things are different. Sellers need to make sure that the key elements that influence the sale of their home are handled correctly. So lets talk about all those critical elements and what sellers need to do to make sure they are done well. ———————————...
Feb 09, 2023•27 min•Season 2023Ep. 208
The data is clear, rent control does not work. Pushing for national rent control just makes a bad idea worse as the federal government attempts to impose a one size fits all policy for the wide variety of markets across the country. Unintended Consequences National rent control policies, while appearing to be a solution for the affordability crisis faced by renters in many cities, are actually a bad idea in practice. Such policies often come with unintended consequences that do more harm than go...
Jan 30, 2023•44 min•Season 2023Ep. 129
It is hard not to see all the media outlets painting a tolerable picture of what to expect in 2023. Most of the mainstream folks point to a possible 4%-6% value drop over 2023. When this comes up, the favorite line seems to be "2023 is very different from 2007". What is interesting is if we actually take a look at the points they use to support this idea, every single one of them would tend to more accurately indicate that 2023 is more like 2007 than any of us would like. So in todays show, we a...
Jan 23, 2023•22 min•Season 2023Ep. 123
As the market shifts, inventories grows, sales prices drop and the the time it takes a home to sell stretches further out. It has been years since we have seen a market like this, and many of todays agents have never even seen a market like this. So now more than every, you need to make sure you are finding a real estate agent that can deliver the best results for you. So in todays show, lets chat about some real estate questions you can ask to try and pin down that right agent. ————————————————...
Jan 17, 2023•33 min•Season 2023Ep. 116
Dealing with big egos in a real estate transaction can be challenging, but it is important to remember that at the end of the day, the goal is to close the deal and have a successful transaction. Here are some tips on how to handle big egos in a real estate transaction: Keep the focus on the deal: It is easy to get caught up in personal egos, but it is important to remember that the main focus is on the real estate transaction. Try to keep the conversation centered on the details of the deal and...
Jan 09, 2023•19 min•Season 2023Ep. 109
Determining how honest the people you are interacting with can be critical in protecting your interests. In real estate, where you are usually selling your greatest asset or buying your biggest asset - being able to root out the truth can save you thousands and a big pile of headaches. Today we will discuss the truth about lies, how to spot them and what to do about it when you do! —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter:...
Jan 02, 2023•27 min•Season 2023Ep. 102
Any time a market starts to pivot in a new direction, you will find folks trying to sell you on ideas using data that seems relevant, but isn't. I have recently encountered this reality and I wanted to share ways to understand the concept and to avoid being taken in by it. So join me in the conversation to help buyers and sellers avoid being taken for a ride! #realestate #realestatenews #morganhill #sanjose #sanmartín #gilroy —————————————————————————————————————————————————— ➡️ Instagram: https...
Dec 29, 2022•14 min•Season 2022Ep. 1228
As we wrap up 2022, it is a good idea to think about what you would like to accomplish in 2023. If you are considering selling your home in 2023, you should get started right now to get ready so that you will achieve the highest price and best terms! So lets do a quick rundown on what should be on your checklist to prepare for a successful home sale! In todays show we will run through options. Ranging from not selling your home right now but renting instead to executing a checklist that gets you...
Dec 19, 2022•28 min•Season 2022Ep. 1219
On todays show I wanted to cover some topics about immigration out of Silicon Valley. What could this mean for our local markets in San Jose, Morgan Hill, Gilroy and more broadly in Santa Clara County? Check out todays show for more! Articles You Can Check out: https://www.siliconvalley.com/2022/10/02/bay-area-exodus-residents-still-want-out-new-poll-finds/ https://www.marketwatch.com/story/silicon-valleys-population-shrank-in-2021-unlike-any-time-since-the-dot-com-bust-but-it-wasnt-just-because...
Dec 13, 2022•24 min•Season 2022Ep. 1212
Alameda County and San Francisco both extended the COVID related evictions moratorium. That is over two and a half YEARS that landlords have potentially gone without getting paid rent. Is that fair? What would be fair? In todays show, I want to hear back from you on what you think! I offer what I think makes sense, but that does not mean it is the only solution out there. So chime in and let me know what you think! —————————————————————————————————————————————————— ➡️ Instagram: https://www.inst...
Nov 28, 2022•14 min•Season 2022Ep. 1128
I came across an interesting article where the Chief Economist for the National Association of Realtors suggests that home prices in 2023 will go up by about 1%. We will chat about that and offer up an alternative viewpoint - particularly regarding what is likely to happen right here in Silicon Valley. —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre...
Nov 21, 2022•20 min•Season 2022Ep. 1121
I get so many questions about where to begin when buying a home, I thought I would put together a show that really does start at the beginning to get you headed in the right direction. There will be more shows to follow that cover other aspects of the home buying experience, but this should get you off to a good start! —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebo...
Nov 14, 2022•20 min•Season 2022Ep. 1113
Even when rates drop a bit, we are not seeing an uptick in new mortgages. What does this mean for the market? Where do we go from here? This is likely just one more element that will force home prices down! Join me in discussing how this might shape up in todays show! —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/ 🏡 💵 Get Your FREE Home Value Es...
Nov 02, 2022•16 min•Season 2022Ep. 1102
Redfin published an interesting (if not a little bit suspect) list of destinations for San Francisco home sellers. The real headline should probably be more about where they have searched rather than where they actually end up going, because frankly, some of the cities on this list seem like a stretch. In any event, we will do a quick review of this list of locations - they may spell opportunity for saavy buyers or investors. We will also spend some time looking at the latest home builder confid...
Oct 24, 2022•33 min•Season 2022Ep. 1023
The last time home buyer sentiment was this low it was 2011. Things were NOT good in 2011. We were still right in the middle of the last real estate downturn and huge inventories. If this is where buyer expectations are now, imagine how that will effect our market. Well, you don't have to, because we discuss that on todays show! —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://...
Oct 10, 2022•20 min•Season 2022Ep. 1010
Let's try something new! This will be the first in a regularly monthly show where we review the previous months data on the first Monday of the month - a 'real estate hot take'! The reason we usually don't use data this early in the month is because the MLS systems take about 3 weeks to review the data and correct it. Which frequently results in big shifts in the trends shown... such as happened in the data for August!
Oct 03, 2022•25 min•Season 2022Ep. 1003
Straight from the lips of the good folks over at Fannie Mae "...Recession Likely in 2023". Well, I think the most obvious response to that statement would be "Welcome to the party pal!" As seems to be true with most bad news, the headlines and folks in charge always seem to be just a little behind the curve. Even in this admission, Fannie Mae puts the absolute best possible spin on the situation. But hey, we all love optimism... right? Articles: https://www.fanniemae.com/research-and-insights/fo...
Sep 26, 2022•27 min•Season 2022Ep. 926
The fed will be meeting this week to decide not IF rates will be raised, but by how much. Popular opinions suggest a .75 increase, but lets talk about why it might even be higher!
Sep 19, 2022•17 min•Season 2022Ep. 919
That's right. I think we are headed for a downturn that just might dwarf the 2006-2008 style crash we saw in real estate. We are in worse financial shape as we try to combat inflation, recessions and a contracting real estate market. On top of that, the latest real estate numbers for Santa Clara County is EXACTLY what I have been predicting. Make sure to check out this months Coffee & Real Estate Live Chat where we are going to discuss this in detail and you can ask questions or make comment...
Sep 12, 2022•31 min•Season 2022Ep. 912
This week we sit down with Rich Fettke to discuss his book, The Wise Investor. Rich has an extensive resume including co-founding RealWealth . A company which has helped over 60,000 members improve their financial intelligence and acquire cash flowing income properties. He is also a licensed real estate broker and active investor who was selected as a Rich Dad Author. You can check out Rich, his books and specificall The Wise Investor at the link below: https://www.fettke.com...
Aug 29, 2022•41 min•Season 2022Ep. 828
Another painful record broken as the affordability of homes has hit a 30 year low. However, we are seeing signs the indicate a slowing in home price appreciation. I have a suspicion that we might just seem home prices actually come down as sellers who must sell adjust their prices down to better align with the current market.
Aug 24, 2022•20 min•Season 2022Ep. 823
I should have known better. Last week, I shared with you the latest unemployment numbers - and I took them at face value. Which is where I made my mistake! Of course, if I listen to my own advice from previous podcasts where we looked at unemployment, I would have realized there was likely more to the story than what they are sharing in the headlines. Of course, there is. In fact, the actual data implies the opposite of what the talking heads are suggesting. So lets sit down and take another loo...
Aug 15, 2022•20 min•Season 2022Ep. 815
In this weeks show we are looking at a few different bits of economic news that could push our real estate market one way or another. Not a lot of certainty in todays show, but I will offer what I think are prudent actions for buyers, sellers and investors to prepare for the possible eventualities. Links: https://www.bnnbloomberg.ca/china-s-bubble-bursting-has-wall-street-eyeing-a-2022-rally-1.1696485 https://moderndiplomacy.eu/2022/07/17/a-real-estate-and-banking-crisis-in-china/ https://nypost...
Aug 08, 2022•33 min•Season 2022Ep. 807
UPDATE : I have updated this weeks show to now include the last 10 minutes. Apolgies to my folks who consume the show right when it comes out! The cutoff point was 35 minutes - so you can just fast forward to that point to get what you missed! We are not quite ready to look at the full data for July 2022. However, my weekly 7 day snapshots of real estate data are showing a growing surge of price drops across the board in Santa Clara County. This is true in San Jose and my home turf of Morgan Hil...
Aug 01, 2022•44 min•Season 2022Ep. 801
Things are happening fast! In todays show we pass around an idea. Does it matter what starts an economic downturn? When we had the big real estate bubble, car loans got hit to. Now that car loans have apparently been as stupidly handled as mortgages were in the early 2000s, can we expect a fast follow on downturn in the housing market? I tend to think it is reasonable to consider the possibility. We are going to spend some quality time chatting about the current realites and see where it leaves ...
Jul 25, 2022•31 min•Season 2022Ep. 725
The chief economist for the National Association of Realtors took a look at the most recent inflation numbers - along with other economists - and projects increases in mortgage rates making a steeper climb. We will chat about this and consider the possibility that no one is prepared for what really needs to happen to interest rates to really make any kind of dent in inflation. Buckle up, this will be a rough one. https://magazine.realtor/daily-news/2022/07/13/yun-bolder-fed-inflation-policy-may-...
Jul 18, 2022•42 min•Season 2022Ep. 717
