Denver Homes Market Report - Ricky Schoonover REALTOR

In this episode we have so much to talk about. Halloween and Elections are now in the rearview mirror. The feds are meeting to decide a rate cut, right as we record this episode. The 25 basis is expected, but do not expect that to move our 30 year fixed rates right away.

Look the the yields of the 10 year treasury bond market as a way to "read the tea leaves" on where we are headed.

Inventory and absorption rates are the key to the current real estate market. I'm a firm believer "Buy or sell your home when the time is right for you" Trying to time the market is almost always less effective in your end result. This is not day trading, this is your home, your memories your future. Yes make the best of your investment but make those decisions from a holistic approach.

IN todays episode of The Denver Homes Market Report Podcast we expand on what agency means in the real world for both buyers and sellers. Well beyond "Opening a Door" or "Sticking a For Sale sign out front" When you think about what agency means to you, it's much more that those seemingly simple tasks which when you actually take a minute to think them through you quickly realize without a licensed agent who has more to lose than you realize the Real Estate market would lose trust with the public. When there is no trust in an industry, the values crumble. So, when you hear someone or see on social media "DUH, I can open my own door" or "UMM, I don't need a "Realtor" to put a sign out front" Of course, but that is not what you are hiring a Realtor for. There is so much more that goes into it. Even "opening a door" has huge risks and responsibilities. But let's discuss what you are really hiring me for and that is expertise in the current market, Helping ensure, whether you are a buyer? or Seller? You get fair and honest dealings no matter where the market might be at any given moment.

In todays episode, we talk about agency and what really happens when a Realtor tries to work both sides of a transaction. We also talk about interest rates and how rates are now in the 6% range and how buying a home get increasingly more expensive and competitive the lower the rates go.

In this episode, I finally break into the world of not just audio but also turn on the camera for a live look at me recording my podcast. We talk about timing and just how long it may take to get your home sold or your purchase completed and why proper planning may yield better results.