IS this economy and or politics affecting Real Estate?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

There is a new question people are asking and it is not just "How is the Real Estate Market? Here in the Manchester NH area, when I am out and about, many people are now asking how the present situations such as politics, the economy, the stock market and raising interest rates are affecting the Real Estate Market,

 

Let me tell you that you do not need a FLASHLIGHT to see what is happening. First lets talk interest rates. Nearly every buyer last week was shocked to hear that mortgage interest rates went down last week. It was followed by great excitement and many jumping back into the market. You did not see that on the evening news though....

 

Second, I let them know despite anything they see in the news, the right time to buy or sell a home is "when they are ready." What you see on TV does not reflect what most Americans are experiencing. Advice an old timer was giving at the Diner was for everyone to turn off the news and enjoy the world around them. 

 

I also have fielded quite a few questions about the Stock Market. Recently selling a home to a stock broker, I spent the last 3 months discussing the insights of the market. First, unless you are a day trader, leave the stocks where they are as there will be some wild swings, but they always level out. What goes up goes down and what goes down will come up. 

 

In theory, you can dwell on anything negative and get quite depressed. OR you focus on the positive, and live your life in a positive manner. Politics has swallowed some people up. For the rest of us we need to love our lives. That includes buying and selling homes. This week alone an elderly couple who can no longer take care of their big home. They can no longer go up and down those stairs so easily. They were crushed they would not be able to sell and within an hour of talking, they were overjoyed the value I told them their home was worth.  Take a young couple, they both turned 30, have good jobs, good credit and some savings, but not alot. They were depressed thinking the interest rates were too high for them to buy. I sat them with my favorite loan officer. They were pre qualified and super happy at the low rate they were quoted. They just found their dream home. 

 

The moral of the story is not to dwell on what the media sensationalizes. The economy is flourishing.

 

AND to know that a Buyer or Seller should not choose just any agent, choose the BEST agent for the job. Having an agent that works for you is a must. 

 

My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

We stand by you through every step in selling your home
.

close

Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
New Hampshire Hillsborough County Manchester
Groups:
POSITIVE ATTITUDE for the Weary Soul
Bananatude
Bartender, Make it a Double
Crap-Tacular
Old Farts Club

Spam prevention
Show All Comments
Rainer
183,908
Chad Felter
Virginia Beach, VA
Providing service through out Hampton Roads

It seems like everything is against real estate sales right now. It's like swimming in a desert.

Jan 07, 2019 04:35 AM #45
Rainmaker
348,444
Blatt + Cutino
Keller Williams Coastal Estates - Monterey, CA
Broker-Associate 831/206-8070*Call today*

This is the best news that I have heard all day! :) Great post and great advice!

Jan 07, 2019 05:56 AM #46
Ambassador
934,879
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Here in my area we are not closing government backed loans(home sales) because of the shutdown.

Jan 07, 2019 08:15 AM #47
Rainmaker
1,220,056
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

As with most things in real estate, it's all about locality, Scott Godzyk ... and it's definitely personal.  Many areas of the country are doing well, while others are not.  How you view and answer your question will most likely depend on which you do business in.  As a Lender, I do feel people, at least in my Chicagoland area, are unsettled.  Not feeling quite as secure as they might if living elsewhere.  So I guess my answer is ... it depends ...

Gene

Jan 07, 2019 02:45 PM #48
Rainmaker
507,077
Jerry Murphy, CRS, SRES
Long Realty West Valley - Anthem, AZ
Anthem, Phoenix, and Scottsdale AZ Real Estate

I understand your sentiment Scott, but we can't just ignore the world around us.  What I'm hearing/reading about the financial markets is similar to what I was hearing in 2007 just before everything fell apart.  People were optimistic then too.  And then the whole world collapsed.  So when I see the same signals I'm gonna sound the warning bell.  If people don't want to listen they can choose to do so at their own peril.  But history does repeat, and I'm seeing a lot of the same mistakes being repeated that got us into the last mess.   Best of luck to you.

Jan 07, 2019 03:38 PM #49
Ambassador
908,885
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

I have to agree with the fact that the media (fake news) does not dictate my work nor do I let it affect my clients. Jan 2019 is going to be one of my best Januarys in my career. Leading into February without pause. Good post. Moving Forward. 

Jan 07, 2019 05:20 PM #50
Rainmaker
1,518,392
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Scott, your post is spot on. I rarely listen to the news because they report to get ratings and I always cringe when hear them talking about real estate because they have no way of reporting on the intricacies of each local market. Really excellent post, I enjoyed reading your insight.

Jan 08, 2019 05:07 AM #51
Rainmaker
397,762
John Wiley
Right Move Real Estate Group- EXP Realty - Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Scott, I like your approach. Our job is to educate the consumer.

People read headlines and freak out. As you point out, they are not getting the correct information and may make a decision that is based on faulty conclusions.

Thanks

Jan 08, 2019 08:20 AM #52
Rainmaker
971,124
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great post and words of wisdom.  People still have babies, get married, divorced and death changes families.  Homes still have to be bought and sold no matter the rates or prices. 

Jan 08, 2019 08:34 AM #53
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

That is what i think as well Grant Schneider 

Jan 08, 2019 08:57 AM #54
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Glad to hear John Henry 

Jan 08, 2019 08:58 AM #55
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

So many people do not realize this Michelle Carr-Crowe Just Call 408-252-8900 Top 1%! 

Jan 08, 2019 08:59 AM #56
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

oh man Hannah Williams, it is sad they went from "the" news source to what they currently show  which is often made up

Jan 08, 2019 09:01 AM #57
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It is the best message to give to consumers Jeff Dowler, CRS 

Jan 08, 2019 09:04 AM #58
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you Debe Maxwell, CRS , it is so true, what i am seeing in real life is not what is on the news 

Jan 08, 2019 09:05 AM #59
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It is a great time to buy Dan Tabit and buyers who are reading are agreeing

Jan 08, 2019 09:08 AM #60
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

There is no doubt it is booming Laura Cerrano. And that is despite some politicans using everything to slow it down  

Jan 08, 2019 09:09 AM #61
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Well said Andrew Mooers | 207.532.6573 

Jan 08, 2019 09:12 AM #62
Rainmaker
2,434,453
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The shift which is Real Estate speak for movement and or condidtion is upon us

Jan 08, 2019 09:18 AM #63
Rainmaker
2,099,963
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

I agree....the best time to buy or sell is when you are ready to or need to or even want to!

Jan 08, 2019 02:26 PM #64
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,957,668

Scott Godzyk

One of Manchester NH's Leading Agents
Ask me a question
*
*
*
*
Spam prevention

Additional Information