How is the Recent Interest Rate Increase Affecting Buyers and Impacting Showing Trends? – The Real Estate Show Episode 44
In this episode of The Real Estate Show, Judy Steenland brings news about interest rate increase, and both Judy and Cherise share recent, real-life anecdotes about how interest rate changes are affecting buyers. Is the jump impacting showing trends and multiple offers? Watch and find out.
Cherise and Judy also illuminate important steps that realtors and buyers should take in light of interest rate changes.
While official sales stats are not yet available for April in El Paso County, Colorado, Cherise Selley shares the average list price and sale price for two zip codes in Colorado Springs over the last 30 days:
80924 – near Powers Corridor, Wolf Ranch
80908 – near Black Forest, Cathedral Pines, Flying Horse
Podcast Highlights
0:00-0:21 – Introduce Judy Steenland & Cherise Selley
0:22 – 0:52 Average Price for El Paso County
0:53 -1: Zip Code 80924 30-Day Average Price
1:43 – 2:42 – Price of the Buy in 2019 vs. Price of the Sell in 2022 in Wolf Ranch
2:43 – 3:26 Zip Code 80908 30-Day Average Price
3:27 – 4:00 Custom Million Dollar Homes
4:01 – 5:17 How Interest Rates May Impact Buyers, Multiple Offers, & Showings
5:18 – 8:20 A Tale of Listings in the Same Area With Different Outcomes
8:21 -8:55 Buyers, Get Approved for Where the Market is Going and Not Where it Has Been
8:56-9:46 Closing Thoughts
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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