This week, we are going to gaze into the crystal ball. Several things are going on right now – including the growing use of the adjustable rate mortgage – that I believe set the stage for a potentially market killing outcome. Follow along with me in todays show and see if you agree. If I am right, we could be heading into some very tough times over the next few years.
Another week in Morgan Hill has come and gone and we have a new 7 day Morgan Hill real estate market snapshot for you! Listings took another jump this week. You will also find that listings are up in the bigger picture as well! In fact, year over year, listings were up 9.3% and total homes on the market was up 20.3%!
In just a few weeks, we have seen real estate inventory jump from an 11% increase to an 18% increase! As we face other challenges from increased interest rates, inflation and recession – we may see a unique opportunity for buyers and investors – and a signal to home owners to review their situation.
Each Friday we take a look at the changes in the Morgan Hill real estate market over the last 7 days.
Today, Michael Hellickson, Founder and CEO of ClubWealth joins us to chat about the real estate market and how to prepare for what is coming or to just be ready to kick off your first real estate investment!