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Whitelaw and Sons Real Estate Morgan Hill
reaching your real estate goals
Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Aug 18, 2023

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

Buyers and Sellers beware as your job of selecting the best agent continues to get complicated by artificial intelligence.

Since we last talked about the influence of AI in real estate, the stakes have risen. I am now getting multiple solicitations a day with the promise of replacing ALL initial contact with potential clients with AI managed responses!

Dept Profiles

Something I have talked about before is someones overall debt profile. At what point to people start making financial decisions that will effect our markets when they are stressed by some sort of debt? With car repossessions spiking, could this effect the real estate market?

https://towindustryweek.com/22-repotimes/8477-car-repossessions-surging

Lumber Prices

Prices drop as demand falls. Not a great indicator for construction.

https://www.calculatedriskblog.com/2023/08/update-lumber-prices-down-29-yoy.html

Housing Starts

Single family starts are down, but multifamily construction is peaking.

https://www.calculatedriskblog.com/2023/08/july-housing-starts-record-number-of.html

https://www.realtor.com/research/new-home-construction-august-2023/

Mortgage Rates Hit 20 Year Peak

Buyers will continue to leave the market or adjust their price range downward.

https://www.realtor.com/research/freddie-mac-mortgage-rates-aug-17-2023/

https://www.nar.realtor/newsroom/almost-60-of-metro-areas-posted-home-price-gains-in-the-second-quarter-of-2023

Check Out The Last Show!

digital curb appeal

Digital Curb Appeal

In todays modern home searching environment, digital curb appeal is needed in order to get the largest number of buyers interesting in your home. But it can also work for buyers to get great deals!

Get Your FREE Home Value Estimate!

Just enter your address and get access to your instant home value estimate, but also amazing tools to evaluate refinance options, your equity, ways to levarage your homes equity, how to pay your home off faster… and so much more!

Schedule A Consultation With Robert!

 

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