Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

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Rainmaker
4,120,419
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Is the Pope Catholic, Will? And not just price increases, it's lack of inventory in affordable homes.

Mar 04, 2018 12:51 PM
Ambassador
4,258,792
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Not because of pricing but, because of the painfully low inventory. So far, none of my buyers have been pushed out of the market due to rising prices.

Charlotte prices are going up but, we're not seeing 'bubble-busting' increases like some areas are experiencing.

Mar 04, 2018 01:15 PM
Ambassador
2,571,247
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Not with interest rates this low.

Mar 04, 2018 12:44 PM
Rainmaker
1,923,164
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not in my area Will Hamm 

Mar 04, 2018 03:10 PM
Rainmaker
6,609,853
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. Many of them will continue to rent.

Mar 04, 2018 02:50 PM
Rainmaker
4,101,851
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Always but especially now. Flexibility is quite important. 

Mar 04, 2018 01:15 PM
Rainmaker
1,723,405
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

That's always been the case & saving for down payment.

Mar 04, 2018 01:04 PM
Rainmaker
468,605
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

No, in fact it is just the opposite. We've had three clients sign contracts today and several this past week. 

Mar 04, 2018 12:54 PM
Rainmaker
1,547,684
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Will, we're seeing it here. It's coupled with the rising interest rates. Had a first timer that was pre-approved for $450k and then rates increased so it went down to $425k. Tough on them but, at the same time we have more first time buyers in the pipeline that we have the past 4 years. 

Mar 04, 2018 12:59 PM
Ambassador
5,410,486
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Plenty of starter homes available, not everyone has to buy a new home at the edge of town.

Mar 04, 2018 05:19 PM
Rainer
22,854
Andrea Moore
Welcome Home Loans, LLC - Winter Garden, FL

Homes are still affordable here in Delaware, and most of the state is USDA eligible. Working with a client now buying a home for $80,000. Another one at $250,000. So there's a wide range of homes available at good prices, but the inventory is low, so we're seeing more buyers lean towards new construction.

Mar 04, 2018 05:15 PM
Rainmaker
701,912
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Yes homes here are expensive to start with and to qualify for a mortgage is getting a lot hard too.

Mar 04, 2018 05:06 PM
Rainmaker
1,900,751
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Can't say I've noticed Will Hamm as I'm more of a Sellers agent these days. That being said I am surprised at the number (good sized) of first time home owners purchasing the new homes in the development I'm representing.

Mar 04, 2018 04:57 PM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Yep. 

Mar 04, 2018 04:49 PM
Ambassador
3,058,105
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It is not just first time home buyers that are challenged buying a home in my area.  All buyers without an extra $1M in cash to throw at a property are challenged. 

Mar 04, 2018 04:26 PM
Rainmaker
3,331,523
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

We do not have a problem with high prices it is a problem that there are few to no homes for sale in some areas

Mar 04, 2018 03:08 PM
Rainer
326,712
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I find it harder for them based off of the current market with its lack of homes. Not to mention the sought out areas prices are beginning to place a squeeze on those with a firm purchase ceiling. 

Mar 04, 2018 02:31 PM
Rainmaker
556,858
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Absolutely.  Our first time home buyers are having to move to outlying communities in order to purchase.

Mar 04, 2018 02:05 PM
Rainmaker
90,259
Ruth Grainger-Starr
Grainger Realty - Cripple Creek, CO
providing AWESOME real estate adventures

No not really, but we really do not get the first time homeowner market. Lots of turn over from the Mine. 

Mar 04, 2018 01:27 PM
Rainmaker
5,571,923
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

not here.... homes in the mid to high $300k range will sell for over list price on the first day on the market.... it's brutal.

Mar 04, 2018 01:22 PM
Rainer
69,594
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

The prices are still realistic around here.  Just lack of inventory.  Some buyers are coming in way over asking knowing that there are multiple offers.  Sometimes they appraise out, some don't, but at least they got the home.

Mar 04, 2018 01:22 PM
Rainmaker
849,960
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Sometimes. Even with down payment assistance programs, it's still hard for some.

Mar 04, 2018 01:21 PM
Rainmaker
1,153,975
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

These high tech buyers twenty something got rich parents..... 

Mar 04, 2018 01:05 PM
Ambassador
4,312,759
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Will Hamm - you bet!

Mar 04, 2018 06:52 PM
Rainmaker
1,738,240
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Absolutely... and it's not much easier to find a rental either. 

Mar 04, 2018 06:33 PM
Rainmaker
1,387,628
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not all, but some.  Depends on how much they've prepared for the purchase and what they have saved up.

Mar 04, 2018 06:11 PM
Rainmaker
527,095
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Yes. Salaries and income are not keeping up with rising home values.

Mar 04, 2018 06:00 PM
Rainmaker
2,642,112
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes however where there is a will....there is a way

Mar 04, 2018 03:47 PM
Rainmaker
5,590,213
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I am sure they are.  A

Mar 04, 2018 02:15 PM
Rainmaker
846,325
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

This has been a problem for several years already. A lot of the younger ones are looking in other counties for affordable housing.

Mar 05, 2018 04:04 AM
Rainmaker
3,985,875
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

More because of low inventory than price

Mar 04, 2018 06:59 PM
Ambassador
3,986,710
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It isn't so much the prices as it is the availability of homes meeting their criteria and needs. Inventory is short.

Mar 04, 2018 06:20 PM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

It's beacause of both lack of inventory and the incredibly high prices of real estate here in the Greater Toronto area... 

Mar 04, 2018 06:18 PM
Rainmaker
4,433,703
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Mar 04, 2018 06:02 PM
Rainmaker
4,942,500
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Seeing some priced out of the market, and others teaming up with someone else to qualify.

Mar 07, 2018 07:14 AM
Ambassador
3,039,280
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

nah, we don't have sky rocketing prices here.  They are growing, but at a nice slow steady pace

Mar 05, 2018 06:00 PM
Rainmaker
1,044,339
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Its a challenge here and always has been in Northern Virginia but truthfully it is still most of the time a better option even in the short run than renting... our rental rates are extremely high compared with ownership costs. Will Hamm 

Mar 05, 2018 01:20 PM
Rainmaker
593,246
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Will ~ Not so much price as of yet, but mainly due to intense competition (multiple offers on everything good) caused by low inventory.  It usually takes them some time to really "Get" the current environment and how aggressive they need to be.

Mar 05, 2018 09:10 AM
Rainmaker
1,114,132
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Beginning to, well mainly for what they want and then having to educate then on what they can buy. Options are either smaller home here, or longer commute.

Mar 05, 2018 07:23 AM
Rainmaker
4,212,856
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, the barrier is getter harder to climb!

Mar 05, 2018 05:55 AM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

No

Mar 05, 2018 05:40 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, many are priced out of the market.

Mar 05, 2018 05:38 AM
Rainmaker
889,027
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The major issue I encounter with first time buyers is unrealistic, out of date expectations. This I believe is driven by residual from the Bank of America caused recession of 2008. The core of their fear is being over extended.  Any exceptional deal they are presented will be sabotaged by this fear wearing a new suit.  Last night it was the Taxes! As an agent I can not say, "the taxes are the taxes, you will always have to pay them." So you walk the buyer through how to calculate and why the calculation is not accurate (independent taxing authorities) and leave them to commiserate in the privacy of their thoughts.

Mar 05, 2018 05:25 AM
Rainmaker
4,045,240
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would say not a hard time more like having to compromise.

Mar 05, 2018 05:13 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We are still affordable here.

Mar 05, 2018 05:01 AM
Rainmaker
2,024,100
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Yes and I'm hoping they don't get tricked into taking an ARM 

Mar 05, 2018 02:50 AM
Rainmaker
911,311
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

First time home buyers have a challenge in our very strong sellers market.

Mar 04, 2018 08:49 PM