What Happened & What's To Come

In episode 26 of The Real Talk, Raquel Ramirez reflects on the real estate market in 2023 and looks ahead to what we can expect in 2024. She discusses the challenges faced by buyers and sellers in a stagnant market and the impact of high rental prices on tenants. However, there is good news for buyers as interest rates have dropped and are expected to continue to lower throughout the year. Raquel encourages buyers to take advantage of the current situation and not wait for the market to become more competitive.

Tune in to be filled with valuable information and inspiring wishes for the new year.

TIMESTAMPS

[00:00:56] Reflection on 2023 in Real Estate.

[00:03:29] Prospects for 2024.

[00:04:40] Considerations for Buyers

In this episode, Raquel Ramirez discusses the stagnant state of the real estate market in 2023, attributing it primarily to higher interest rates. The rising costs, values, and rates made it increasingly challenging for buyers to enter the market, forcing sellers to adjust their expectations regarding the saleability of their homes.

In addition, Raquel encourages prospective buyers to act now and seize the opportunities presented by the current real estate market, rather than waiting and potentially facing increased competition and higher prices.

QUOTES

• “Many of us anticipated a slowdown(in 2023), albeit we never really know how good or bad something will turn out to be, but it happened and perhaps it was necessary.”
• “Now, it's not all doom and gloom. There is good news for 2024. New years always ring with new hope, new goals. And I don't know if it's just me, but a general sense of change for the better.”
• “So if you've been thinking about buying a new home or stepping back into the market, do it. Do it now. Talk to your lender and get a grasp on the rates and your finances. Call a professional realtor like me and start the process now. Don't wait because that's likely what you did last time. And here we are. The water is tepid. Don't wait for it to get too hot or you're going to regret it. Remember, you can always buy now and refinance later.”

SOCIAL MEDIA LINKS

Raquel Ramirez

Instagram: https://www.instagram.com/featured_properties_intl/

Facebook: https://www.facebook.com/featuredre

LinkedIn: https://www.linkedin.com/in/raquel-ramirez/

WEBSITES:

The Real Talk: https://www.therealtalkpodcast.net/

Featured Properties International: https://msha.ke/featuredre

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