My Professional Analysis of the 2023 Market

The 2023 market isn’t as bad as the headlines would have you think.

Are you planning on buying, selling, or investing in 2023? If that’s the case, you’ll need to be equipped with the best possible information to make an informed decision. We’ve had a very turbulent few months, and scary headlines might have you wondering if now is the right time to make a move. To help, I’ve got a detailed analysis of where our market is at right now and what professionals predict for the future.

Feel free to watch the full message above or use these timestamps that will direct you to various points in the video: 0:00 — Introduction 0:43 — Median sales price has declined 1:25 — Percentage of original list price 2:26 — Percentage of reduced list price 3:26 — Days on market 4:12 — Number of pending sales and homes for sale vs. homes sold 5:48 — The impact of Inventory on home prices 6:19 — Monthly inventory 7:03 — Interest rates 7:59 — Looking at the spread 9:53 — What the experts are saying 12:02 — The expert projections 14:25 — Median rents 15:33 — In conclusion Hopefully, this has equipped you to make the best decision for yourself, your family, and your assets. Remember, if you have any questions on this topic or about real estate in general, please contact me. I would love to be a resource for all of your real estate needs.

Your Chance for $10,000

It’s not just $10,000, but the knowledge that will change your life.

Today, I am excited to share that you have a chance to win $10,000. Aside from the cash prize itself, the real gift I have for you is the gift of knowledge, and that is through the Wealth Series 2.0 that we're going to be putting on. It will be taught by the author himself, Ben Kinney, a business mentor and partner of mine. I've been through it myself before. I took my whole family through this wealth series, which is an eight-week free training course twice a week. You’ll listen to about a 30-minute podcast twice a week, and then there'll be specific action items to take as a result of that lesson. At the end of that, if you have completed it and you answered all the test questions correctly, you'll be entered to win a $10,000 prize. We're going to go through it again together as a family. I highly recommend that you do too. Our mission here at the Hauer Real Estate Group is to build generational wealth through real estate, and I can't think of anything that is in better alignment than this wealth series training. So let this be our gift to you.

"I took my whole family through this wealth series."

Invite your friends, family, and kids, as there will be prizes for each of the kids that show up, do the work, and complete the test. You can sign up at this link. This isn't just for the wealthy or investors. This will apply to real estate and so much more. We will explore opportunities to increase the amount of income that you have, reduce the number of expenses that you have, and take a look at a lot of good, simple tactics that you can implement to set yourself up for success. One of the biggest reasons that people don't put a financial plan together is that they don't feel like it's time well-spent because they don't have money to do anything with the financial plan. If that’s you, know that you’ll want to be a part of this training because you're going to see many benefits. After all, you can start with nothing. In fact, you can start totally in debt and end up with millions. I'm excited to share this training with you again. Go to this link to get registered. I look forward to being part of the wealth journey with you. Call or email us anytime if you have questions. From all of us here, thank you so much for your trust in us, and we hope you have a great new year.

December 2022 Market Update

Here is a market update for Pierce County.

Today I’m sharing a market update for December in Pierce County. I’ll cover interest rates, local statistics, projections for 2023, and more.

You can hear the full update by watching the video above, or you can skip to individual topics

by using these timestamps: 

0:00 — Introduction

1:02 — What’s going on in our market

7:09 — Interest rates

9:29 — Factors at play

11:18 — Analyst projections

13:24 — Projection for 2023

14:54 — Rents are softening

16:13 — The importance of timing the market

17:34 — Conclusion

 

This is everything you need to know about our market. If you have any questions, feel free to call or email me, I would love to hear from you.

What You Need To Know About Us Hiring

We’re hiring! Here are our four core values we try to live by.

Today I’m excited to announce that we are hiring! Are you interested in joining this team? We are looking to grow and sign on more agents, and we need your help to do that. Maybe you’re interested, or maybe you know someone who might be. Either way, I would appreciate your help in passing this message along. To start, I think it is important to be upfront about our values to make sure that we match. There are four core values that we focus on: 

1. Faith. By this, I mean faith in God, ourselves, and the people around us. I believe that faith is imperative for people to move forward confidently and improve. 

2. Growth. I feel very strongly that if we aren't growing, we’re dying. This means we must ask ourselves how we can level up in all areas of our lives, and not just in our business. This includes being the best mothers and fathers that we can be to our children, being the best husbands and wives to our spouses, caring about our physical health, and more. 

"It’s important that someone we hire matches these four values."

3. Humility. I believe that the real estate industry as a whole has way too much ego, and that ego doesn’t help anything. We must recognize that there are so many people we can learn from. If we truly want to grow, it requires us to humble ourselves and become a student, constantly learning and improving, knowing we don’t have it all figured out. 

4. Relationships. I have learned so much about how important relationships are in recent years as I have gone through some health trials. My team truly believes in the importance of being team-focused. Throughout a transaction, the most important thing is your relationship with the client. God designed us to be not only in relationship with Him but also in relationship with one another. Iron sharpens iron.

Those are our four core values. If they align with you and your values, and you'd be interested in exploring what it might look like for us to partner together, reach out. My team and I can help you sell more homes, win back a lot of your time, plug into helpful systems, net more money, and ultimately have a more impactful and fulfilling life. We would love to connect and just start the conversation to see where it might lead. You can start by following this link to our website. We look forward to hearing from you! 

How 2-1 Buydowns Can Help You Win

 How buyers and sellers can both benefit from using a 2-1 buydown.

Recently, interest rates have increased significantly. As a result, demand has fallen, and it’s becoming harder to sell your home. Fortunately, there’s a unique financing strategy that home sellers can use to get top dollar for their properties, and it’s called “2-1 buydown.”

Here’s how it works: Let’s say the interest rate today is 7%. By paying upfront for a 2-1 buydown, you can lower the interest rate for the first year of the loan by 2%. In the second year of the loan, the interest rate will be 1% lower, down to 6%. After that, the rate increases to the full 7%. 

This is a fantastic way to lower your buyer’s monthly payment at the start of their loan and help them ease into their mortgage. One of the reasons this method is becoming so popular is that it commonly leads to win-win situations. Buyers get a much lower interest rate upfront, and sellers don’t have to lower the prices of their homes. 

"By the time their buydown is over, the buyer can refinance."

Since interest rates are so much higher and demand has fallen, buyers have a lot more negotiating power. They see that many sellers are reducing the prices of their homes, and they may ask you to lower yours. However, a 2% decrease in your asking price will have a minimal impact on the buyer’s monthly payment. On the other hand, a 2% rate decrease for the first year will greatly reduce their monthly cost. 

Another great perk of this strategy is that it leaves room for interest rates to come back down. Rates have increased recently, but it is unlikely that they will stay this high for long. By the time your buyer’s 2-1 buydown is over, rates may have fallen, and they can refinance to permanently lower their monthly payment. 

If you have questions about how this strategy can help you secure a fantastic deal in this market, please call or email me. I am always willing to help!