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Top Reasons a Market Crash is NOT In the Near Future in Colorado Segment 1 – Top Reasons a Market Crash is NOT In the Near Future for the Colorado Springs Area We air the Real Estate Voice show every Saturday, if you cannot listen to the whole show, it is available on YouTube, just search Barb Schlinker, and its also on most podcasts like IHeart Radio Barb, this is still a red-hot real estate market. My listeners tell me they love your show because they learn so much about buying and selling homes, giving them information to help them succeed with their real estate investment. What will we be covering today? • Market Update: Top Reasons We Are NOT In a Real Estate Bubble • Why Real Estate Investors are Buying Homes In the Colorado Springs Area • The Magic of Pricing Your Home to Get Top Dollar • Top 7 Things Sellers LOVE To Get From Buyers Offers & Hot New Listings Barb, you have mentioned that many people are concerned that we are in a Real Estate Bubble and could face a market correction. Even the Federal Reserve chairman is warning of another real estate bubble. But this market still seems to be on FIRE! Tell us about it... People are concerned about another housing bubble. However….The 2007 Housing Crisis was an Anomaly WE STILL HAVE A SUPPLY AND DEMAND ISSUE DESPITE RISING PRICES! • Mortgage Interest Rates Surging! • 30-Year Fixed 4.9% • VA / FHA 3.75% RISING INTEREST RATES ADVERSELY AFFECT THE SUPPLY OF HOMES “Who Would Sell Their Current House at a 3% Mortgage to Buy a New House at a 5% Mortgage?" Answer: Only those who Must Go or Who has a lot of Equity! People Buy and Sell Homes to Improve Their Lifestyles! • Rent Keeping Up with Mtg Payments! • 30 Year Fixed 4.9%, 20% Dn = $2400 • Average Rent 3/3/2, 2500-3500 SF = $2368 Another Reason Real Estate is NOT Going to Crash “People start being interested in something because it's going up, not because they understand it or anything else" - Warren Buffet Selling a Home is an Important Decision You Want Someone Who Knows How to Get you the Most Money • My Year to Date AVERAGE over the asking price is $34,447 • Average Price is now $539,684 • Hire us: We Command 6.38% More! • That is 4.0% More Than an Average Agent Reason NOT in a Bubble: INVESTORS BUYING - There is a massive increase in the investors purchasing BUY AND HOLD REAL ESTATE Reason NOT in a Bubble: SUPPLY OF HOUSES LOW Only Way Prices Would Drop: MASSIVE SURGE IN INTEREST RATES 5% is Higher Than Recently but…AVERAGE OVER LONG TERM Reason NOT in a Real Estate Bubble: COLORADO Has A Net INCREASE IN Migration pattern of 7.3% Our Service: • What to Do to Get Ready • What NOT to Do to Get Ready • What Your Home Will Sell For • How Much You Will Put in Your Pocket You are listening to the Real Estate Voice with Barb Schlinker of Your Home Sold Guaranteed Realty, if you are thinking of making a move, call Barb at 719-301-3900. When we come back, we will be discussing: Why Real Estate Investors Are Buying Up Homes In the Colorado Springs Area #realestatevoice #barbschlinker #coloradosprings #yourhomesoldguaranteedrealty