Do the headlines affect the Real Estate Market? Observations by a ... 

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

Do the headlines affect the Real Estate Market? Observations by a Beverly Hills Realtor 

 

www.endrebarath.com

 While the gurus offer their investment suggestions of gold and diamonds to name just a few, not many are willing to step up and say park your money in real estate.  Why not, you may ask?  Well, they love volatility since it justifies their existence, and they can preach to the masses.  On the other hand, if you really want a tried and true way long-term investment to protect your money, I have no problem saying park your money in real estate.

As a first-time buyer, you will be putting money into your own pocket rather than the landlord’s pocket; five to ten years from now, you will be glad you did. If you are a multiple property owner and landlord, you already know that those who are afraid to buy or cannot afford to buy will be your tenants for what will likely be a long time. 

www.endrebarath.com

Yes, demand has cooled due to Inflation, higher Interest rates and the alarming headlines. Part of the reason is also due to what I call a herd mentality when it comes to buying and selling real estate.  For example, for the past two years, buyers would submit 20-25 offers on a property and some did it sight unseen. They overpaid on homes anywhere from $10,000 -$500,000 depending on where the home was located. This was done against the advice of some of the seasoned Realtors. 

In a normal real estate market,  let’s take 2018 to be exact, there seemed to be what I call a ‘tug of war’ between buyers and sellers. When a property would come on the market, buyers would want to get it for the best price and sellers would want to sell it for the best price. Hence there seemed to be a discrepancy depending on point of view; in this instance, the value of a knowledgeable Realtor was even more important. 

 

www.endrebarath.com

As we head back to that same direction, buyers and sellers are realizing that the Z’s and R’s of this world are no longer enough. While it’s a plus that they can expose properties to a large audience that did not exist before their advent on the Internet, they cannot provide the eyes and ears that a Realtor provides from being “on the ground” or “in the trenches”. The view looks different from ”higher up”. 

The headlines do affect many buyers and sellers, especially those in the category we consider being a “buy up seller”.  This is a client that wants to buy something bigger or in a nicer location, but opt to stay where they are.  Hence, the real estate market we are currently in is ideally suited for the savvy buyers and sellers as they understand the  favorable tax implications, the long term gain, and of course the value of home ownership. 

 

www.endrebarath.com

 

Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 ( m) homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations. Endre Barath, Jr. Realtor at Berkshire Hathaway HomeServices California Properties DRE#01238708

Comments (23)

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

I've been telling our clients and potential clients for years...Don't listen to the media. If you want to buy, you won't regret it. If you want to sell, someone is going to buy it. Do what's right for you!

Sep 29, 2022 04:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Endre... I'm always telling people to not pay attention to those inflammatory headlines. There's a reason they are inflammatory and there's a reason they need to speak to a local professional... real estate is just too hyperlocal to make decisions based on headlines.

Sep 29, 2022 04:25 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Sep 29, 2022 04:28 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Sadly they do and even when something isn't true it is made to be true by so many people following someone that doesn't truly know the truth, haha.

Sep 29, 2022 05:09 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Endre. For likely 99% of the people, real estate is a better way to create wealth than other investments. Enjoy your day.

Sep 29, 2022 05:19 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

There is simply no way for any kind of media headlines to capture the local information. Buyers and sellers need to speak to a local expert. Period. End of story.

Sep 29, 2022 05:51 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre,

In this evolving market,  one of the most important things your clients can do is pick you to help them find the right property.  You will tell them like it is, and I feel you are like the lighthouse in the storm guiding your clients on the right path to a successful real estate transaction.  They are lucky to have your experience and expertise.

Sep 29, 2022 06:38 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Yes, headlines and the msm have a lot of pull when it comes to reporting on a whim because some consumers believe it without verifying. That is why they need us, Endre to help them make viable, fact-based, informed decisions!

Sep 29, 2022 06:49 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs thank you for your comment on a side note did you see my post before this one? The one I reblogged, Endre

Sep 29, 2022 11:19 PM
Michael Jacobs

Endre Barath, Jr. - I saw the post you reblogged as well as the original.  

Sep 30, 2022 02:49 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nick Vandekar, 610-203-4543  my father bought his home when interest rates were 14+ per cent and he got tired of having landlords, Endre

Sep 29, 2022 11:20 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  loved your observation Noise Pollution on a side note did you see my Reblogg? Endre

Sep 29, 2022 11:21 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 we are on the same page, Endre

Sep 29, 2022 11:44 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great post Endre!  You are definitely sharing wise words of wisdom for anyone on the fence about investing in real estate.  My one story always sparks reactions, "buying my first home in 1984 at 14% interest, when 20% down was required, was my single best investment at $44,000!"  

Oct 04, 2022 04:52 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Enjoyed your post Endre Barath, Jr. Real Estate is and always will be local!  The headlines are just a tool to persuade unknowing consumers to make bad decisions.  If you want to get expert advice go to a local professional.  IMHO

Oct 05, 2022 07:11 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander, Broker  clearly we are on the same page hence I am preaching to the Choir here:)Endre

Oct 05, 2022 09:39 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Joe Jackson  thank you for stopping in hope all is well with you, Endre

Oct 05, 2022 09:40 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Brian England  you make a great point and it makes it harder on the local Realtors to convince the buyers and sellers of the contrary, Endre

Oct 05, 2022 09:41 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  and I find it ironic that we have such a challenge getting this message out, Endre

Oct 05, 2022 09:42 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat Palmiotti  well said, Endre

Oct 05, 2022 09:42 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  your kind words are duly noted hope we get to have the opportunity to send referrals to each other.... sadly I have not had one to Sedona in 20+ years, Endre

Oct 05, 2022 10:17 PM