The Future of Real Estate: Predictions and Market Trends Uncovered with Keren Gonen

https://www.realtyexecutives.com/agent/keren-gonen

About the Guest(s):

Keren Gonen is a leading real estate agent in Sussex County, New Jersey. With eight years of experience, she has successfully navigated over 500 transactions, establishing herself as the county's top agent. Israeli-American, Keren Gonen is celebrated for her unique approach to real estate, emphasizing kindness and mentorship in her practice. Well-versed in both buyer and seller advocacy, she leverages her entrepreneurial background to guide clients through the complexities of real estate with integrity and enthusiasm.

Episode Summary:

Welcome to an engaging episode of The Chris Voss Show, where Chris sits down with Keren Gonen, the top real estate agent in Sussex County, New Jersey. Join them for an insightful discussion on the current state of the real estate market, the impact of interest rates, and how caring deeply about clients can set successful real estate agents apart. With 16 years and 2,400 episodes under his belt, Chris continues to deliver thought-provoking content with the help of his astute guests.

During this episode, Chris and Keren Gonen delve into the intricacies of real estate transactions and the evolving market dynamics. Keren Gonen shares her predictions for the housing market in New Jersey, emphasizing the importance of purchasing now despite high interest rates. She discusses the consequences of waiting for lower rates and the potential for property values to climb further due to material costs and labor shortages. Keren Gonen also advocates for a shift in the real estate industry towards prioritizing client needs and maintaining ethical standards.

Key Takeaways:

Current Market Insight: Karen discusses the continuous appreciation of house prices in New Jersey, predicting a 3-5% annual increase, stressing the importance of buying sooner rather than later.

Interest Rate Advice: Waiting for interest rates to drop could lead to buying at higher prices, leading to overall higher expenses.

Client-Centric Approach: Real estate agents should prioritize client welfare over personal gain, fostering trust and loyalty in an industry often criticized for ethical lapses.

Creative Living Solutions: A trend toward multi-generational living arrangements may become more common as housing affordability becomes an issue.

Regional Advantages: Keren Gonen highlights the advantages of living in Sussex County, New Jersey, noted for its serene landscapes and rural charm, alongside affordable housing options.

Notable Quotes:

"I enjoy helping people at their most stressful time. For most people, selling and buying a house will be the largest transaction they ever do."

"Buy now because the rents are going through the roof, and that's not going to change anytime soon."

"I believe in God and the universe and things. Good things will come to me because I take care of others, not because I look out for myself at all times."

"Houses will continue to appreciate at least in the next two to four years by three to 5% on an annual basis."

"Every young couple is moving out of their parents' house into an apartment or a house, or doing whatever. What I think will happen is that younger generations will be moving in with their parents."