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151. Market Update with David Keller
Manage episode 433179210 series 3248307
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In this episode of the Pursuit of Property Podcast, we’re joined by David Keller, our seasoned co-host, to discuss the current state of the real estate market as we hit the mid-year mark.
David provides a comprehensive update on market trends, focusing on how recent political and economic uncertainties have impacted real estate dynamics. He notes that while global and domestic uncertainties, including election influences, have made market conditions unpredictable, buyers and investors are still active, though the overall demand is not as robust as it once was.
David highlights that property transactions have been varied, with lower-priced homes experiencing slower sales and needing price reductions, while higher-priced properties have seen quicker turnover. This mixed market indicates a disparity in competitiveness across different price ranges.
Appraisals are also a point of discussion, with most appraisals aligning closely with asking prices, but some coming in higher, presenting potential opportunities for savvy buyers and sellers.
Looking ahead to 2025, David advises prospective buyers to engage with lenders early to better understand their options and make informed decisions.
Tune in to get a detailed perspective on the real estate market's current state and practical advice for navigating it effectively.
You can find David on Instagram @dkellerandco.
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