It's all over the news and it seems like the world is crashing. Especially if you are in the Real Estate related space. It's easy to fall victim to this mania, even those of us who are in the space.
Too many of us and those in the media are saying this is like the Great Recession of 07-08. But let's slow down, get away from "feelings" and look at the data. Remember, the news media thrives on panic to get views. So they will paint a much darker view so people will watch. The situation is not like that.
Dave does an amazing job of simplifying and hitting the important data points, certainly better than I could. Look at the fundamentals (13:20) (37:45) and see if you still feel like the Real Estate Market will be crashing tomorrow. Look at the data rather than talking heads on social media.
Rates are rising now, but they will come down. So rather than waiting for prices to dramatically fall (which it won't), get in and buy when there is less competition because others are in a panic, then re-finance a year or two down the line and you will offset whatever higher rate you would have paid now.
#realestate #realestateagents #mortgage #rateincrease #househunting #siliconvalleyrealestate #bayarearealestate #stevemungroup
