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The Brad Weisman Show

The Sky Is NOT Falling... ARE the RATES?

The Brad Weisman Show

Brad Weisman

The Brad Weisman Show, Business, Entrepreneurship, Homes, Society & Culture, Brad Weisman, Relationships, Life Stories, Real Estate, Real Life

5829 Ratings

🗓️ 6 February 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Hi This is Brad Weisman - Click Here to Send Me a Text Message Listen to Pete and Brad breakdown the numbers from 2022 and talk about the balancing we see for 2023. Signs Signs Everywhere Signs!! :) What is really crazy is our local numbers are pretty much right in line w/ the National Numbers. That's NOT always the case. We are seeing pockets of price softening in the certain parts of the country. Overall Interest Rates have softened a bit and s...

Transcript

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0:00.0

Are your kitchen and bathroom way overdue for a remodel?

0:04.0

Well, I got the guy for you.

0:05.1

Call John Sellers at First Response Contracting, 484-256-7136, both residential and commercial services, and he's licensed and insured.

0:15.4

Call him at 484-256-7-136, First Response Contracting.

0:23.0

Hello, this is Brad Wiseman, and you're listening to Real Estate and you. We're back in the studio,

0:28.8

and we have all kinds of good information for you. There are a lot of things changing over

0:33.8

the market in the last couple weeks, and, you know, when that happens, we like to bring in our good old friend, Pete Heim, to go through the numbers.

0:42.2

And hopefully we won't put you to sleep. I'm hoping that you can, you know, stay awake while we're going through the numbers for real estate.

0:49.4

Hi, Pete. No, you're not supposed to sleep. We're worried about the, we're about the listener sleeping. So, but no, things are happening. I mean, it is, it is an interesting market.

0:58.9

Yes, it is.

1:00.3

Things are starting to equalize a little bit. I think things are starting to, we're starting

1:06.0

to see a little bit of light at the end of the tunnel and it's not a train. Thank God.

1:09.7

Exactly right. So yeah, you were promising me to do a bunch of numbers and we're going to get into that.

1:15.7

Yeah. But I want to bring up something. Last week, we saw something happen that we've been talking about for a long, long time.

1:23.4

And what it was is that we always say that the interest rate, the mortgage interest rate,

1:29.1

does not follow in tandem with the Fed rate.

1:36.0

That's right.

1:36.6

So what happened last week was what?

1:39.5

What happened?

1:40.2

Well, they raised it 0.25?

1:42.4

Right.

1:42.7

It was 25 points.

...

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