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Ambassador
5,229,945
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I'm prepared for whatever life sends my way - personally or in business, Annette! 

Aug 25, 2018 11:45 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Debe Maxwell, CRS took the words right out of my mouth! 

That said, I have to confess there are times, thankfully few, when I am not ready because I got blindsided and knocked up alongside my head!  

I recover quickly ... the rubberized woman who knows how to bounce back!

Aug 25, 2018 11:50 AM
Rainer
140,560
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

I do not see the Fed raising the rate again this year. I think they will hold off until after the midterm elections and raise rates after the first of the year. 

My avergage sales price is just under 200k so changing my sales strategy is not a concern right now. 

Aug 25, 2018 11:41 AM
Rainmaker
547,327
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Myself I will have many lines in the pond.  High end always has cash, one thing about Maui people, either they are coming or going, so the questions is does it become a buyers market? 

Aug 25, 2018 02:17 PM
Rainmaker
4,572,117
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Stuff happens all the time. Change is important in real estate and in life

Aug 25, 2018 12:22 PM
Ambassador
6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

We have had a slow down in the upper end for a year, most of our over demand is in the mid to lower priced homes.

Aug 25, 2018 11:55 AM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Change is the only constant in life. You either adjust or die.  Our market is closer to a balanced market, but that means easier time with buyers for a change. Rates will be what they are. I paid 10% for my first house and was glad to get it. 

Aug 25, 2018 02:39 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   It won't happen before the mid-term elections.

Aug 25, 2018 01:00 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

According to my clients who I just saw today at the Farrmers Market this morning, the high end is alive and well...A

Aug 25, 2018 11:37 AM
Rainmaker
5,216,381
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Having lived through a market of interest rates in the high teens with points, I can make it anywhere!

Aug 26, 2018 06:32 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not much in the lower price points here.  I'm already reducing prices because of the afforability.

Aug 25, 2018 02:43 PM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

It's my belief that out market could easily sustain a full point and have virtuaally no effect on pricing or sales volume.

Aug 25, 2018 02:15 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Annette Lawrence , Palm Harbor, FL 727-420-4041 our list prices range from $140,000 to $4million.... we're good no matter range....there's always a market for every price point... some take longer than others.... in the right towns, the luxury homes will do just fine...

Aug 25, 2018 01:07 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is already occuring here. High priced homes are staying around a lot longer. For me, i list what i can sell and no change for me. I list, i sell, i repeat

Aug 25, 2018 01:05 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

1. Fed announced this intent months ago, so I believe the market has already discounted this to some degree. I've been telling my clients since early spring that there would be two more increases by end of year.

2. What do you consider lower price point homes? Our median price here is fairly low by many standards at about $240,000 and average price is about $290,000. Frankly, hard to find homes in top neighborhoods in these price points. People who need a home will buy... the might just buy at a slightly lower price point than they would have otherwise.

Aug 25, 2018 01:00 PM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I don't show homes based on price range, so nothing will change for me.

Aug 25, 2018 12:44 PM
Rainmaker
7,835,407
Roy Kelley
Retired - Gaithersburg, MD

You always need to be prepared for market changes.

Aug 25, 2018 12:44 PM
Rainmaker
719,838
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Annette, we have already had an over-supply of "higher end" homes in our market as many have jumped on the band wagon in the past 18 months to take advantage of the "sellers market".  Median priced homes and those 25% above or below the median continue to sell in a day or two if priced right for the condition.

Ironically, the best time for a "high end" seller to sell their home quickly for top dollar was at the BOTTOM of our real estate market in 2012.  Why?  The high end sellers heard non-stop about it being a buyers market and only those who had to sell did so, even though doctors, engineers, corporate executives, and college professors continued to move to Tippecanoe County and Purdue in our nearly recession proof local economy, and the demand for those high end homes was greater than the supply.  Conversely, their was a huge oversupply on below median homes where the foreclosures and short sales were considerable, and the buyer pool shrank dramatically due to lack of confidence in the future.  Fortunately, many of those were greedy investors who simply jumped on the band wagon too late to make money and lost heavily instead of homeowners.

It just goes to show that supply and demand varies widely for different price points and that buyers and sellers need to focus on their local dynamics and not get too swayed by national news and trends.

I just love the economics of real estate and markets.

Most of our business is from the  median priced homes with a swing of 25% in either direction so we are not looking for a huge shift in our business.  

Aug 25, 2018 12:00 PM
Rainmaker
508,218
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

HaHa, I already beat them to it. It seems all I sell are low priced homes.

Aug 25, 2018 11:24 AM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

If we have lower priced homes on the market!!  Our prices have gone up so high that many buyers are priced out of the market.

Aug 26, 2018 02:02 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Interest rates rarely affect our high end homes - primarily CASH!

Aug 26, 2018 12:36 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Most of our buyers - cash buyers.

Aug 26, 2018 11:58 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I already have.

Aug 26, 2018 06:44 AM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Our market has slowed over the last couple of months. It has been a very strong sellers' maket for a long time. Now is a chance for buyers to make an offer with a chance of success absent multiple offers.

I recently got two buyers into contract...under list price...no other offers.

Unheard of a couple of months ago!

Aug 26, 2018 06:37 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes.

Aug 26, 2018 03:36 AM
Rainer
213,263
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Personally I think its a good idea as the market had overheated here.

Aug 26, 2018 02:20 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Annette Lawrence , Palm Harbor, FL 727-420-4041 - I will continue to work the same way - working by referrals. 

Aug 25, 2018 10:26 PM
Rainmaker
1,543,623
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

1. The Fed announced this last year, no surprises-they are doing what they said they'd do.

2. The higher end started slowing down in February 2018 and no, I work my market from top to bottom.

 

Aug 25, 2018 09:26 PM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Until the interest rates reaches to 16.5% we are all going to hang in there.

For every 1% interest increase the affordability drops by 10%.  Until 0% people can afford we will not be terrified.    If CD resumes to yield 8% many of us will be able to live off the interest like a decade ago....

Adios. 

Aug 25, 2018 09:03 PM
Rainmaker
2,781,153
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Slow-down or pause is expected but demand is not going anywhere

Aug 25, 2018 06:48 PM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You have to adjust with the times and market.

Aug 25, 2018 06:05 PM
Rainmaker
1,374,323
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

There are always opportunities in real estate...

Aug 25, 2018 04:48 PM
Ambassador
2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I've got clients right now looking for $80K homes. If I have to show lower priced homes than that, geez, I don't know.

Aug 25, 2018 04:41 PM
Rainmaker
1,844,271
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yes as I am on the lower end anyway. I don't know the market is responding as you say .... at least in my area.

Aug 25, 2018 02:29 PM
Rainer
427,257
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

I am ready for whatever. Doen’t really matter because there isn’t anything that can stop things.

Aug 25, 2018 01:51 PM
Rainmaker
4,936,033
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I hope they do not raise them, first time home buyers can't get a house now.

 

Aug 31, 2018 08:13 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Things may slow for a whort time and then back to normal

Aug 26, 2018 06:35 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Like Debe Maxwell, CRS bring it on - I'm ready for anything

Aug 26, 2018 05:01 PM
Rainmaker
969,888
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Always prepared and moving forward. 

Aug 26, 2018 03:18 PM