This week on the REAL Collective Podcast our hosts are discussing fall market tips for buyers & sellers + latest real estate news.
They kick off the discussion by addressing a recent article claiming that banks are losing money, unpacking what's really happening and the recent fixed rate drops from major banks. They compare posted rates to discounted rates and explore the implications for consumers.
Next, they shift focus to the fall market, highlighting what's currently selling and sharing insights on the strategies smart buyers and sellers are employing. The episode wraps up with industry buzz about a potential merger between the Ottawa real estate boards and neighboring boards, discussing how this could benefit consumers.
Don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!
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Kyle: https://calendly.com/kmmortgage/phone-connect
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Intro (0:00)
Recent articles saying banks are "bleeding money" (2:20)
Big moves dropping fixed rates (2:55)
There are deals to be had at banks, but what does the fine print say? (3:18)
Squeezing the regular working people (6:00)
Posted rates vs discounted rates – what’s the effect? (9:59)
The reality behind how many people break their mortgage terms (12:10)
The Fall Market – what’s selling right now? (13:30)
People are still waiting for things to drop further (15:20)
Sean’s hot take on the market (16:30)
REAL Collective Marketing (17:28)
Second half (18:00)
What to do in this market if you are buying and selling (18:40)
Interest Rate Predictions (19:24)
How to ride that wave down (20:43)
The perfect storm – where are the opportunities? (22:49)
Nobody has a crystal ball – most people aren’t aiming to time the market (24:26)
Everyone has to live somewhere (25:24)
We’re still mostly in a seller’s market (27:43)
Ottawa Real Estate Board – is there a merger in the works? (29:04)
Would a merger be advantageous? (30:19)
Outro (33:00)
