Interest Rates, Price Crash, Recession?

By
Real Estate Agent with https://teamcoker.robertpaul.com 9023635

Interest Rates, Price Crash, Recession? 

There a opinions all over the media, social media, and in conversations with these three concentrations. Everyone has an opinion and most of us are along for the ride because the focus is National or Global.

Sometimes an article has a catchy enough headline to make me go beyond the surface, and read it. One such article was recently on HousingWire.com and was written by By Logan Mohtashami. His article is titled: "Why the Fed’s housing reset risks a global recession."

In the article he dissects the actual sentences of the FED Chairman, Jerome Powell, and he interprets what he (Logan Mohtashami) sees are the actual inferences that the Chairman is making. Logan provides his explanation of where the housing market is and where it is likely heading - which is not necessarily in agreement with the FED Chair. In fact, Mohtashami goes so far as to say that what Powell says, is not supported by the available data.

I don't want to reiterate his points here, and the graphs and info in the article are interesting enough to consider, so if you're looking for another source of interesting housing data and interpretation, Housingwire.com may be one to add to your weekly research list.

Of course all real estate is local, and housingwire.com looks more at the big picture most often.  It is up to the local professionals to help guide local purchases and inform clients as to what the actual local trends are. I mean, how much will the +-30% drop in Chinese real estate prices actually affect local prices here in my Luxury Real Estate Market on Cape Cod?

I always consider and keep in mind - negative news may not be the case in all places. For example, a hurricane can be the attention focus, all while it is a beautiful day in most other places.

All real estate is local.

Best, Heath

 

 

Posted by

Heath Coker, Associate Broker
Berkshire Hathaway Homeservices Robert Paul Properties
teamcoker.robertpaul.com
508-548-8888  Licensed in MA
Its a beautiful day on Cape Cod!

James Heath Coker | Create Your Badge

Comments (6)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

My opinion, Correction, not a crash. Great information.  Thanks for sharing and enjoy your week!

Oct 02, 2022 05:57 AM
Associate Broker Falmouth MA Cape Cod Heath Coker

Thank you Bill Salvatore Realtor. Lets hope that some of the influencing factors change enough to help it be a correction in most places. Thanks for the comment.

Oct 03, 2022 03:41 AM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Thanks Associate Broker Falmouth MA Cape Cod Heath Coker  Like you I read. Whether its Housingwire, Inman, Fortune tweets --- and like the info on Chinese investors, everything needs to be put in a local perspective. 

Oct 02, 2022 06:42 AM
Associate Broker Falmouth MA Cape Cod Heath Coker

Thank you for the comment Emily Medvec. Sometimes reading the paid articles in a rag like In Man makes is like some of the "news" sources out there. Fortunately we have good alternatives. Thank you again.

Oct 03, 2022 03:46 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello and thank you for sharing this information with us here in the Rain.  Make it a great football Sunday!

Oct 02, 2022 08:57 AM
Associate Broker Falmouth MA Cape Cod Heath Coker

Thank you for the comment Will Hamm. And fortunately my teams did pretty well yesterday. The season is shaping up nicely. Thanks again.

Oct 03, 2022 03:48 AM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Thanks for sharing Heath, great points!!!

I always consider and keep in mind - negative news may not be the case in all places. 

All real estate is local.

Oct 02, 2022 10:47 AM
Associate Broker Falmouth MA Cape Cod Heath Coker

Thanks for the comment, Sham Reddy. One of the last market corrections was caused by only a few counties in the country. We did all feel the affects, but local real estate still progressed better than in those places. Thanks again.

Oct 03, 2022 03:50 AM
Brian DeYoung
also affiliated with Berkshire Hathaway Home Services Heritage Realty - Ithaca, NY
The Realtor with personal investment background

All Real Estate is local, amen.

Oct 04, 2022 11:01 AM
Associate Broker Falmouth MA Cape Cod Heath Coker

Thank for the read and comment, Brian DeYoung. My cousins have had a house on Canandaigua for as long as I can remember. The finger lakes are a pleasant area to visit. Thanks again.

Oct 05, 2022 03:44 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Thank you for sharing this information.

I agree, all real estate is local!

Oct 06, 2022 04:15 PM
Associate Broker Falmouth MA Cape Cod Heath Coker

Thank you for the comment Diana Dahlberg. Local professionals with experience know how to spot good deals and help their clients maximize their goals. Thanks again.

Oct 07, 2022 05:35 AM