I have a 30 yr 2.75% mortgage from Oct 2020 - you’d have to pry me out of this with a crowbar. If I move I’ll rent it. Why would I ever sell a home that costs me less than the average home appreciation rate? Nope
@@Rickhelps Thanks Rick. My concern is the unknown. The Fed has smart people and insight the rest of us do not have privy to. Today’s reports and tomorrow’s NFP report has me very cautious.? I flushed our brokerage first thing Tuesday before the market dropped so that worked out for us. But the next 60 days are cloudy with meatballs. Real estate prices and rates seem lower today. I would not surprised if the minions have insight for market correction soon with pink slips raining down as their forecast. Hence a large bps cut tomorrow might serve as harbinger for economy. Said differently, good news might not be so good in the mirror. We will wait and see. Yep, thinks me!
Always "on the money" Rick. thanks for your transparent updates!!!
Fantastic information as always
@@renelopez2244 Thanks!
I have a 30 yr 2.75% mortgage from Oct 2020 - you’d have to pry me out of this with a crowbar. If I move I’ll rent it. Why would I ever sell a home that costs me less than the average home appreciation rate? Nope
Rick> We know it is not in Maricopa County but do you have a thought about retiring in Wickenburg Ranch?
@@chuckorlando6884 Personally no but it is gaining in popularity
@@Rickhelps Thanks Rick you are an upfront tell it like it is man.
You can be counted on for straight talk.
@@davidmajer3652 Much appreciated
Rick. In your opinion is the phoenix home market broken today?
@@2023Red No not broken. Balanced at the moment. High priced yes, but nothing broken at the moment
@@Rickhelps Thanks Rick. My concern is the unknown. The Fed has smart people and insight the rest of us do not have privy to. Today’s reports and tomorrow’s NFP report has me very cautious.? I flushed our brokerage first thing Tuesday before the market dropped so that worked out for us. But the next 60 days are cloudy with meatballs. Real estate prices and rates seem lower today. I would not surprised if the minions have insight for market correction soon with pink slips raining down as their forecast. Hence a large bps cut tomorrow might serve as harbinger for economy. Said differently, good news might not be so good in the mirror. We will wait and see. Yep, thinks me!
so basically exurbs...if you'd be living in a non-desirable location, then ppl are prob going for new builds.
@@pj3200 It’s so hard to know
Chandler/Gilbert should be increasing soon as Intel begins massive layoffs.
No word yet if Chandler is included in the reductions
I think 2025 will mirror 2022. Thoughts?
@@jungcarlgustav Not sure. Too many potential moving parts next year.