ROK Realty

ROK Realty

By Robert O'Keefe - ROK RealtyBusiness
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ROK Realty episodes

  • 🎃 Real Estate Market Today: ROK Realty Report October 2023 Close Out #16

    Robert O'Keefe - ROK Realty Group 

    📱 (201) 374-7334 (Text/Call) 
    🔔 Subscribe: https://www.youtube.com/@rokrealty 
    📸 Instagram; DM's Open: https://www.instagram.com/rok_realty
    🍁 Happy fall season and a spooktacular Halloween weekend, folks! 🎃 It's Robert O'Keefe from ROK Realty, and I'm back with another quick and informative episode of the Rock Realty Report. 🏠📰
    In this episode, we'll cover 5️⃣ key things about the current real estate market:
    1️⃣ Mortgage rates are climbing to a 20-year high, but they're still around the historical average. 📈🏡
    2️⃣ Mortgage applications have dropped to their lowest levels since 1995. 😱💔
    3️⃣ Prices are staying relatively stable, with a 2.8% increase from last year. 💰📈
    4️⃣ Rising inventory is a significant factor, up 2.7% from last year. 📦📈
    5️⃣ Millennials are feeling "sticker shock" due to the fastest extension of interest rates in history. 💥💲
    Here's a fun fact: In the '80s, interest rates averaged a whopping 12.7%! 🕰️💥
    That's a wrap for this edition of the ROK Realty Report. I hope you found it educational and helpful. If you think someone you know could benefit from this episode, do them a favor and share it. 💌📤
    If you have any questions, remember, I'm just an email away! 📧🤔
    Before we sign off, let's get ready for November! Wishing you a fantastic Halloween filled with treats and spooktacular surprises. 🍬👻🎉
    Catch you next time! 👋
    Robert O'Keefe
    ROK Realty 🏠🔑

    3 min
  • 🍂 Real Estate Market Today: ROK Realty Report September 2023 Close Out #15

    Robert O'Keefe - ROK Realty Group 

    📱 (201) 374-7334 (Text/Call) 
    🔔 Subscribe: https://www.youtube.com/@rokrealty 
    🎬 Welcome to another episode of the ROK Realty Report. Let's see what's trending! 📈
    🏡 This month, we dive into the world of low inventory levels and their market effects:
    🔹 Property sales are steady, but down 15.3% from last year
    🔹 Prices remain stable even with low inventory challenges for buyers.
    🔹 Inventory dipped this month, leading to a 3.3-month supply. Properties are snapped up in just 20 days on average.
    🔹 Dive into the "golden handcuff syndrome" and understand why homeowners cling to their low-interest rates.
    🤓 Fun fact: Americans are nesting longer! 🏠 Stay duration in homes has shot up by 41% since 1985.
    🙌 Hope you loved this episode! If you have friends who'd benefit, share away! 💌
    Here's to a 🎃 spooktacular October with success and opportunities! 🚀

    3 min
  • Real Estate Market Today☀️August 2023: ROK Realty Report #14

    Robert O'Keefe - ROK Realty Group 

    📱 (201) 374-7334 (Text/Call) 
    🔔 Subscribe: https://www.youtube.com/@rokrealty 
    💡💡 ROK Realty Report: August 23' Close Out Summary 💡💡
    🔑 Key #1: Mortgage Rates and Buyer Behavior
    Discover how mortgage rates reaching the 7% range have influenced buyer activity in the market. We'll highlight the impact on existing sales, which were down 2% this month and 16% from last year. Plus, find out the extent to which prices have adjusted.
    🔑 Key #2: Market Strength and Low Inventory
    Learn about the role of low inventory in keeping the market strong, even amid certain challenges. We'll explore how inventory levels have fluctuated and how it's affecting the supply-demand dynamics in real estate. Also, keep an eye out for the change in days on the market.
    🔑 Key #3: The Underrated Stat: Mortgage Applications
    Uncover an important and often overlooked statistic: mortgage applications. We'll discuss why this figure matters and how it can be an indicator of market trends. You won't believe the drop in mortgage applications this year – the lowest level since 1995!
    🔑 Key #4: Renting vs. Owning
    Take a step back and look at the bigger picture. We'll examine a chart that highlights the current affordability of owning versus renting. It's an interesting lens through which we can understand the real estate landscape and discuss the potential for homeownership.
    🔑 Key #5: Commercial Real Estate Insights
    Delve into the world of commercial real estate and the impact of rising interest rates. We'll explore the looming challenges faced by investors and potential opportunities that may arise due to changing market conditions.
    💡 Fun Fact from the Episode: Did you know that floating-rate debt worth a staggering $682 billion was taken out between 2001 and 2022? The aging of these debts combined with higher interest rates can lead to a significant shift in the commercial real estate sector. Find out more about what this means for investors.
    That's a brief overview of what we covered in our August episode. Remember, these insights are just the tip of the iceberg. If you have any questions or want to explore how this information applies specifically to your situation, I'm just an email away.
    Don't miss out on valuable opportunities in the real estate market. Reach out to us with your queries, concerns, or ideas, and we'll be thrilled to consult with you further.
    Robert O'Keefe - ROK Realty Group
    📱 (201) 374-7334 (Text/Call)
    🔔 Subscribe: https://www.youtube.com/@rokrealty

    3 min
  • The Real Estate Market Today July 2023: ROK Realty Report 🏠 #13

    Robert O'Keefe - ROK Realty Group

    (201)-374-7334 (Text/Call)
    In the ROK Realty Report for July 2023, host Robert O'Keefe discusses the current state of the housing market. Despite high mortgage rates, property prices continue to rise, making it a great time to sell. Inventory is down from last year, with homeowners reluctant to give up their low interest rates. First-time homebuyers and all-cash sales are still a significant portion of transactions. Robert O'Keefe provides his contact information for individual questions. He also shares a success story of finding an off-market property for buyers through strategic planning. Buyers are getting creative with financing, and it's predicted that home prices will appreciate in the coming months. Overall, buying now is a wise financial decision, and it's an opportune time for sellers due to low inventory.
    🔑 Key Takeaways
    1️⃣ Low inventory: The market is still facing a shortage of available homes, but don't fret! Robert shares some fantastic strategies for buyers to navigate this challenging landscape.
    2️⃣ Golden Handcuffs phenomenon: Homeowners are holding onto their low-interest rate mortgages, resulting in a constrained inventory. Find out why and how this affects both buyers and sellers.
    3️⃣ Financing creativity: Buyers are exploring alternative financing options like cash and adjustable rate mortgages.
    4️⃣ Price projections: We'll give you a sneak peek into the forecasts from Zillow, Freddie Mac, and CoreLogic, and why despite higher interest rates, it's still a great time to make a move in the market.
    5️⃣ Success story: Robert shares a heartwarming story about finding an off-market property for a happy buyer. It's proof that with the right strategy, dreams can come true!
    Fun fact from the episode: Did you know that almost half of all mortgages currently have a rate below 5%? That's a whopping 64% of mortgages with rates below 5%! It's clear that low rates are still a big factor in the market.
    In closing, we wish you an amazing rest of the summer and hope you find this episode as informative and insightful as we do. Remember, if you have any specific questions or need personalized advice, Robert O'Keefe is here to help!


    🏠 We consult with people all over on their real estate opportunities & challenges.

    👍 Contact & Subscribe to grow smarter and wealthier in real estate.


    ✉️ ROK Realty Report Newsletter: ⁠https://sendfox.com/robokeefe⁠

    1. Easy to Read & Fast Insights on the Market
    2. Solid Tips & Tactics
    3. I Respond to All Emails

      4. 🔔 Subscribe: ⁠https://www.youtube.com/⁠@rokrealty

      📸 Instagram; DM's Open: ⁠https://www.instagram.com/⁠rok_realty

      4 min
    4. Real Estate Market Today: June 2023 by Robert O'Keefe (ROK Realty Group) #12

      Presented By:

      Robert O'Keefe • ROK Real Estate

      (201)-374-7334 (Text/Call)


      In this episode of ROK Realty Report, host Robert O'Keefe dives into the current state of the real estate market. From multiple bidding wars and low ball offers to rising property prices and fluctuating mortgage rates, O'Keefe breaks down the latest trends and provides valuable insights for both buyers and sellers. With a focus on inventory levels, rental markets, and listener engagement, this episode offers a comprehensive look at the ever-evolving world of real estate. Don't miss out on O'Keefe's expert analysis and helpful advice to navigate the turbulent market.


      Topics Covered:

      1. Multiple bidding wars in the marketplace- Sellers have a good opportunity to sell- Buyers becoming more hesitant to waive appraisal and inspection items- Low ball offers being received, and fewer overall offers

      2. Inventory levels and property prices- Inventory levels have been increasing- Property sales slightly increased- Property prices rose but are still lower than last year- Low inventory causing the price increase- Inventory currently stands at three months

      3. Mortgage rates- Mortgage rates increased compared to the previous month and last year

      4. Average days on the market- Average days on the market remaining stagnant

      5. Apartment rents- Rents fell dramatically during the COVID pandemic but have started to recover- Rents have fallen across all major indexes, providing relief to tenants- Rents are still up overall, but lower than during the pandemic- Apartment rents tend to be resilient and generally increase, especially during inflationary times

      6. New format and listener feedback- Speaker discussing a new format and encourages listener questions or feedback- Listener encouraged to ask about their specific situation since data may not directly apply to their market- Speaker always available to help and encourages listener to reply with any questions or thoughts



      "Fluctuating Mortgage Rates: 'Mortgage rates went up to 6.71%.'"— Robert O'Keefe 00:00:1400:00:48


      Bidding Wars in the Real Estate Market: "So sellers, it's still a great time to sell, although we've seen buyers pull back in some capacities. And what I mean by that is buyers are reluctant now to waive the appraisal, they're reluctant to waive inspection items. And we're even seeing some low ball offers come in on our list dance and not as many offers as there were before. So kind of a sign, which may be a sign of things to come."— Robert O'Keefe 00:00:5000:01:29


      Apartment Rents during COVID-19: "Rents are very resilient and generally always tend to go up, especially in inflationary times."— Robert O'Keefe 00:01:2900:01:56


      🏠 We consult with people all over on their real estate opportunities & challenges.

      👍 Contact & Subscribe to grow smarter and wealthier in real estate.


      ✉️ ROK Realty Report Newsletter: ⁠https://sendfox.com/robokeefe⁠

      1. Easy to Read & Fast Insights on the Market
      2. Solid Tips & Tactics
      3. I Respond to All Emails


        4. 🔔 Subscribe: ⁠https://www.youtube.com/⁠@rokrealty

        📸 Instagram; DM's Open: ⁠https://www.instagram.com/⁠rok_realty

        3 min
      4. Asbury Park Client Win #11

        Presented By:

        Robert O'Keefe

        ROK Realty Group(201)-374-7334 (Text/Call)


        🏠 We consult with people all over on their real estate opportunities & challenges.

        👍 Contact & Subscribe to grow smarter and wealthier in real estate.


        ✉️ ROK Realty Report Newsletter: ⁠https://sendfox.com/robokeefe⁠

        1. Easy to Read & Fast Insights on the Market
        2. Solid Tips & Tactics
        3. I Respond to All Emails

          4. 🔔 Subscribe: ⁠https://www.youtube.com/⁠@rokrealty

          📸 Instagram; DM's Open: ⁠https://www.instagram.com/⁠rok_realty

          1 min
        4. Real Estate Market Today☀️April 2023 by Robert O'Keefe (ROK Realty Group) #10

          Presented By:

          Robert O'Keefe - ROK Realty Group
          (201)-374-7334 (Text/Call)
          🏠 We consult with people all over on their real estate opportunities & challenges.

          👍 Contact & Subscribe to grow smarter and wealthier in real estate.


          ✉️ ROK Realty Report Newsletter: ⁠https://sendfox.com/robokeefe⁠

          1. Easy to Read & Fast Insights on the Market
          2. Solid Tips & Tactics
          3. I Respond to All Emails

            4. 🔔 Subscribe: ⁠https://www.youtube.com/⁠@rokrealty

            📸 Instagram; DM's Open: ⁠https://www.instagram.com/⁠rok_realty

            4 min
          4. Real Estate Market Today☀️ March 2023 by Robert O'Keefe (ROK Realty Group) #9

            Presented By:

            Robert O'Keefe - ROK Realty Group
            (201)-374-7334 (Text/Call)

            🏠 We consult with people all over on their real estate opportunities & challenges.

            👍 Contact & Subscribe to grow smarter and wealthier in real estate.


            ✉️ ROK Realty Report Newsletter: ⁠https://sendfox.com/robokeefe⁠

            1. Easy to Read & Fast Insights on the Market
            2. Solid Tips & Tactics
            3. I Respond to All Emails

              4. 🔔 Subscribe: ⁠https://www.youtube.com/⁠@rokrealty

              📸 Instagram; DM's Open: ⁠https://www.instagram.com/⁠rok_realty

              2 min
            4. Real Estate Market Today☀️ February 2023 by Robert O'Keefe (ROK Realty Group) #8

              Presented By:

              Robert O'Keefe - ROK Realty Group

              (201)-374-7334 (Text/Call)


              🏠 We consult with people all over on their real estate opportunities & challenges.

              👍 Contact & Subscribe to grow smarter and wealthier in real estate.


              ✉️ ROK Realty Report Newsletter: ⁠https://sendfox.com/robokeefe⁠

              1. Easy to Read & Fast Insights on the Market
              2. Solid Tips & Tactics
              3. I Respond to All Emails

                4. 🔔 Subscribe: ⁠https://www.youtube.com/⁠@rokrealty

                📸 Instagram; DM's Open: ⁠https://www.instagram.com/⁠rok_realty

                3 min
              4. Real Estate Market Today☀️ January 2023 by Robert O'Keefe (ROK Realty Group) #7

                Presented By:

                Robert O'Keefe - ROK Realty Group

                (201)-374-7334 (Text/Call)


                🏠 We consult with people all over on their real estate opportunities & challenges.

                👍 Contact & Subscribe to grow smarter and wealthier in real estate.


                ✉️ ROK Realty Report Newsletter: ⁠https://sendfox.com/robokeefe⁠

                1. Easy to Read & Fast Insights on the Market
                2. Solid Tips & Tactics
                3. I Respond to All Emails

                  4. 🔔 Subscribe: ⁠https://www.youtube.com/⁠@rokrealty

                  📸 Instagram; DM's Open: ⁠https://www.instagram.com/⁠rok_realty

                  3 min

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