Cherise sits down once more with Bill McAfee to continue their conversation from the previous episode. They touch base again on November real estate stats in El Paso County before diving into information on the current market, preparing deeds of trust, and forecasting the market in 2023.

Bill touches again on preparing deeds of trust for residential property in comparison to commercial property. Cherise and Bill compare the post-2008 crash market to today’s, noting some similarities and some major differences. They wrap up this episode by detailing upcoming buying opportunities and forecasting the growing economy of Colorado Springs.

Listen to this latest episode of The Real Estate Show to gain more market wisdom from Bill McAfee and Cherise Selley!

Podcast Highlights

0:00    Introduction Bill McAfee and Cherise Selley
0:49    November Real Estate Stats for El Paso County
1:22    Anticipating End-of-Year December Stats, Buyer Opportunities
2:05    Timing, Buying in Cash vs. Financing
2:48    A Massive Market Change – 500 Listings to 2500 Listings in 5 Months
4:20    Market Fluctuations Have Changed Prices Rapidly – Don’t Panic
5:45    If You Bought Before the Start of 2022, You’re Fine!
6:25    Those who Bought and Held Long-Term Saw BIg Price Gains
6:45    Conforming Loan Limits Rising – Buying and Selling Perspectives
8:45    Forecasting the Housing Market for End of 2022, Start of 2023
9:55    Still a Seller’s Market, Even if Less So
10:40  Less Seller Concessions, Continuing Softening of the Market
11:12  Preparing Deeds of Trust
12:00  The Importance of Verifying Details on Deeds of Trust
12:45  Vacant Land and Commercial vs. Family Residential
13:15  Hiring An Attorney to Prepare Deeds of Trust for Residential Property
14:02  Loan Assumptions for Veterans, Others Eligible for Low Rates
14:40  Short Sales Increasing? Comparing the Post-Housing Crash to Now
15:30  Borrowing Post-2008 vs. Now, Renting vs. Continuing Mortgage Payments
16:01  Inventory Now and Into 2023
16:18  Companies Coming to Colorado Springs, Impact on Current Market
16:50  Buying Opportunities Upcoming
17:35  Thank you to Everyone Watching, Happy Holidays!

Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!

Although we’re based in Colorado, selling Colorado Springs Home for Sale, our experience can benefit buyers and sellers, and real estate professionals nationwide.

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