Latest / Bought Borrowed and Sold / The Post hHrricane Isaias eddition of BBS

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The Post hHrricane Isaias eddition of BBS · Bought Borrowed and Sold

• 0:00
  Speaker 1: All right. Hello, and welcome to Ball Barred and Sold.
• 0:04
  Speaker 1: How's it going? What's up, Brad?
• 0:06
  Speaker 2: Man, it is going. It is going. All good. We're
• 0:10
  Speaker 2: in the heart of October.
• 0:11
  Speaker 1: We are, and we're allegedly facing a hurricane. So we're
• 0:15
  Speaker 1: recording this early because it's fall break.
• 0:18
  Speaker 2: It's fall break.
• 0:19
  Speaker 1: And this alleged hurricane, it might be a hurricane at
• 0:22
  Speaker 1: this point, I don't know, has completely ruined my fall break.
• 0:27
  Speaker 1: I mean, vacation.
• 0:28
  Speaker 2: I've heard from more people that were like, oh, we're
• 0:31
  Speaker 2: trying to get out of a rental or we're trying
• 0:32
  Speaker 2: to maneuver a rental and do something else. Like we
• 0:35
  Speaker 2: were going down, now we're not going down. And so
• 0:38
  Speaker 2: I think it's gotten a lot of folks kind of
• 0:40
  Speaker 2: messed up.
• 0:41
  Speaker 1: We let Max, our youngest, know that we weren't going
• 0:45
  Speaker 1: to the beach for fall break. And he's seven and
• 0:49
  Speaker 1: literally cried for an hour.
• 0:51
  Speaker 2: Oh, man.
• 0:52
  Speaker 1: And we haven't, you know, we hadn't been to the
• 0:54
  Speaker 1: beach this year. Actually, we went spring break, but we
• 0:56
  Speaker 1: didn't do our summer beach trip. And he just he
• 0:59
  Speaker 1: has been like ready for the beach. And he was man.
• 1:04
  Speaker 2: His eyes been on the prize.
• 1:05
  Speaker 1: Yeah. So upset. So, you know, it's and it's weird.
• 1:09
  Speaker 1: We haven't really talked. I mean, there really hadn't been
• 1:11
  Speaker 1: any like hurricanes or anything like. talked about, so it's
• 1:15
  Speaker 1: kind of odd. It pops up in October, and it's
• 1:17
  Speaker 1: like the first one.
• 1:18
  Speaker 2: Yeah, it's that season, though. I mean, it is when
• 1:22
  Speaker 2: it kind of starts stirring up a little bit.
• 1:24
  Speaker 1: Yeah, yeah.
• 1:26
  Speaker 2: Hoping everybody's good.
• 1:27
  Speaker 1: What I'd like for it to stir up is the
• 1:28
  Speaker 1: real estate market. And, you know, interestingly enough, I feel
• 1:33
  Speaker 1: like we've gotten a little busy.
• 1:34
  Speaker 2: I don't know.
• 1:35
  Speaker 1: It's kind of random, but last weekend we had a
• 1:40
  Speaker 1: bunch of offers out. Yeah, yeah. put some things in
• 1:43
  Speaker 1: her contract. And so I thought that was interesting based on,
• 1:48
  Speaker 1: you know, I think we heard last week rates had
• 1:50
  Speaker 1: gone up or at least had gone up a little bit.
• 1:54
  Speaker 1: I know you're going to give us a little bit
• 1:55
  Speaker 1: of information a little bit later on on what you've
• 1:57
  Speaker 1: been seeing over this past week. But I think it's
• 2:00
  Speaker 1: been interesting how people, it seems like, have went ahead
• 2:06
  Speaker 1: and got off the fence, made offers. Now, I know
• 2:09
  Speaker 1: we've had to update some pre-approvals because– Now people are
• 2:14
  Speaker 1: not approved for as much.
• 2:16
  Speaker 2: That's right.
• 2:16
  Speaker 1: So that's been, that's been interesting.
• 2:18
  Speaker 2: And, and we've had a lot of folks that have,
• 2:20
  Speaker 2: you know, did, they got pre-approved in February and we're
• 2:23
  Speaker 2: kind of looking and then rates kind of went up
• 2:25
  Speaker 2: and they still need to do something. And so like they're,
• 2:27
  Speaker 2: you know, they're finally just like, but so you've got
• 2:29
  Speaker 2: to update it because it's so long ago. You got
• 2:31
  Speaker 2: to readjust due to the rates because the payments are
• 2:33
  Speaker 2: going to be different. And like you said, qualifying and
• 2:35
  Speaker 2: what your, what your top number is and everything starts
• 2:37
  Speaker 2: changing the values. And so it's been a lot of
• 2:39
  Speaker 2: moving parts, but I mean, yeah, I mean, You still see,
• 2:43
  Speaker 2: I mean, people are still buying houses. The signs are
• 2:45
  Speaker 2: still up, phones still ringing.
• 2:46
  Speaker 1: That's right.
• 2:47
  Speaker 2: So, I mean, you know, things are happening, things are moving.
• 2:50
  Speaker 1: Yeah.
• 2:50
  Speaker 2: So, I mean, it's still good, and, you know, and
• 2:52
  Speaker 2: then we'll get into it later, but rates were pretty
• 2:55
  Speaker 2: flat this past week. I mean, we're still sitting above 7.5
• 2:59
  Speaker 2: on 30-year average. So we're still in the same boat
• 3:02
  Speaker 2: with a little bit of bouncing here and there, but
• 3:05
  Speaker 2: pretty flat for the week.
• 3:06
  Speaker 1: Yeah. Well, I'll give some numbers. For our September— Our
• 3:10
  Speaker 1: team closed on 28 homes for $ 9. 3 million in volume.
• 3:16
  Speaker 1: And we saved, you know, we represent a lot of
• 3:19
  Speaker 1: sellers and buyers. We saved our buyer clients just under $ 100, 000
• 3:23
  Speaker 1: this past month, $ 99, 904. So that was an average buyer
• 3:25
  Speaker 1: savings of $ 8, 300. And so now we're up to 220
• 3:26
  Speaker 1: homes sold for the year. And $ 70 million in volume.
• 3:40
  Speaker 1: And we've saved our buyer clients over $ 1. 2 million. That's
• 3:45
  Speaker 1: an average savings of $ 10, 743. Get your house in Edgewood. $ 220.
• 3:51
  Speaker 1: Let's see. And that's through three quarters. What does that
• 3:57
  Speaker 1: end up being? $ 220 divided by three. So that's $ 73.
• 4:03
  Speaker 1: So we're going to be pretty close to that $ 300 number. Nice.
• 4:05
  Speaker 1: I guess we can get there. Yeah. I might have
• 4:09
  Speaker 1: to challenge the chain.
• 4:10
  Speaker 2: Hit them ratchet straps.
• 4:12
  Speaker 1: I'm telling you. You know, hey, come on now. Come
• 4:15
  Speaker 1: on now. We can't worry about them rates.
• 4:18
  Speaker 2: We can worry about Thanksgiving and Christmas.
• 4:20
  Speaker 1: Mm-hmm. That's right.
• 4:21
  Speaker 2: Hey, we're getting time for those Thanksgiving houses, those Christmas houses.
• 4:24
  Speaker 1: Hey, look.
• 4:24
  Speaker 2: Christmas present time.
• 4:26
  Speaker 1: Hey.
• 4:26
  Speaker 2: I'm telling you.
• 4:27
  Speaker 1: If anybody, look, and our investors, look, because of taxes,
• 4:33
  Speaker 1: accelerate depreciation and taxes, And to write off some of
• 4:37
  Speaker 1: your taxes, like this is the quarter that a lot
• 4:40
  Speaker 1: of our investors come out. So if you're an investor,
• 4:43
  Speaker 1: like we need to talk about buying some property and
• 4:46
  Speaker 1: that's going to help with your taxes. You can go
• 4:48
  Speaker 1: to gustygoulasgroup.com, 205-542-1996. I'll tell you what. Build that plan.
• 4:54
  Speaker 2: And we may have some new listeners today, some evacuates
• 4:58
  Speaker 2: that are up here. Maybe we decide, hey, I'm not
• 5:00
  Speaker 2: tired of this. Every couple of times a year having
• 5:03
  Speaker 2: to get out. That's right.
• 5:03
  Speaker 1: That's a good point.
• 5:04
  Speaker 2: You're looking around up here. Hey. Give Gusty a call.
• 5:07
  Speaker 1: There you go. Hey, we've got a couple of new
• 5:10
  Speaker 1: listings this week. We've got a home that's going to
• 5:13
  Speaker 1: be coming soon that we're going to talk about. And
• 5:17
  Speaker 1: I think we should go ahead and get the game going.
• 5:19
  Speaker 2: Let's do it.
• 5:20
  Speaker 1: All right. Yeah.
• 5:20
  Speaker 2: So, Gusty's going to go through some of the new
• 5:22
  Speaker 2: listings they've got and go through some of the cool features,
• 5:25
  Speaker 2: some of the details of the property. What he's going
• 5:27
  Speaker 2: to give us at the very end of the property, though,
• 5:28
  Speaker 2: is the list price of the home, the potential purchase price.
• 5:31
  Speaker 2: I'm going to give a down payment that someone might
• 5:33
  Speaker 2: make on that house, and then Gusty and John are
• 5:35
  Speaker 2: going to give their best guesses at the 30-year fixed
• 5:37
  Speaker 2: principal and interest-only monthly payment.
• 5:41
  Speaker 1: That's all I got. Yeah.
• 5:43
  Speaker 2: That's the rules of the game.
• 5:46
  Speaker 1: Well, cool. I like it. Well, our first new listing
• 5:50
  Speaker 1: of the week is in the Bridalwood Forest neighborhood of Centerpoint.
• 5:55
  Speaker 1: It's 1613 4th Street Northwest. This home was a rental,
• 6:00
  Speaker 1: but it also could be your first house, could be
• 6:04
  Speaker 1: your last house, could be whatever. Could be an investment.
• 6:08
  Speaker 1: It's 1,404 square feet. It's four bedrooms, one and a
• 6:11
  Speaker 1: half bath. You could also make one of the bedrooms
• 6:14
  Speaker 1: as a den. $ 119, 900 is the ask price. It is
• 6:19
  Speaker 1: a full brick home with a carport and a fence
• 6:22
  Speaker 1: yard on a corner lot. And a little over a
• 6:26
  Speaker 1: quarter acre lot, which is nice. And no HOA, which
• 6:30
  Speaker 1: is even better.
• 6:31
  Speaker 2: Even better.
• 6:32
  Speaker 1: So 119.9. So 1613 4th Street Northwest.
• 6:37
  Speaker 2: Cool.
• 6:38
  Speaker 1: 119.9.
• 6:38
  Speaker 2: We're going to start off putting 20% down. 20% down
• 6:42
  Speaker 2: on Gusty. 20% down. I gave Gusty 20% down on
• 6:47
  Speaker 2: a tough number. Gusty's been having some toughness. teeth issues
• 6:50
  Speaker 2: this week. He's holding the side of his mouth while
• 6:53
  Speaker 2: he's trying to think and yanking on his cheek.
• 6:56
  Speaker 1: I had a tooth pulled and that is for real.
• 6:59
  Speaker 1: It sucks. But you know what?
• 7:04
  Speaker 2: Why am I complaining? Stop being a baby, Gusty.
• 7:08
  Speaker 1: Alright. 20% down. Oh my gosh. I'm gonna go with... $ 631.
• 7:21
  Speaker 1: Last week, trying to do round numbers didn't help me.
• 7:28
  Speaker 1: So I'm going to go $ 653.
• 7:29
  Speaker 2: $ 653?
• 7:29
  Speaker 1: That's my offer. The actual was $ 677. John gets round one,
• 7:30
  Speaker 1: and we got us a ball game. Boom. Our next
• 7:48
  Speaker 1: new listing is in the Grayson Valley area. It is
• 7:52
  Speaker 1: located at 2505 Martin Road, and it's a four-bedroom, two-bath.
• 7:58
  Speaker 1: It's got 1,080 square feet on the main level, 580
• 8:01
  Speaker 1: square feet finished in the basement. It's got a den
• 8:03
  Speaker 1: with a fireplace. It's got a one-car garage. It also
• 8:07
  Speaker 1: has its majority fenced yard. Just have one little small
• 8:12
  Speaker 1: space that can be fenced in to get it fully fenced.
• 8:17
  Speaker 2: Nice.
• 8:18
  Speaker 1: And we're asking $ 160, 000. $ 160, 000. And, yeah. $ 160, 000. All right,
• 8:19
  Speaker 1: we're going to go to a 5% down for John.
• 8:20
  Speaker 1: 5% down to John. Okay, so I'm thinking $ 1, 213. $ 1, 213. Well,
• 8:22
  Speaker 1: 13 to Gusty. I'm going to.
• 8:45
  Speaker 2: Go with $ 1, 100. $ 1, 100. The actual payment was $ 1, 073. Gusty
• 8:54
  Speaker 2: gets round two, and we are tied up with one
• 8:59
  Speaker 2: property to go.
• 9:00
  Speaker 1: That's right. Well, this is a cool property. It is
• 9:04
  Speaker 1: in the Trustville area, 508 North Chalkville Road. This home
• 9:11
  Speaker 1: was built in 1938 on seven-tenths of an acre. So
• 9:16
  Speaker 1: it's over in the mall area is what they call
• 9:18
  Speaker 1: that little area. 1,854 square feet, three bedrooms, two baths,
• 9:23
  Speaker 1: asking $ 430, 000. And I think this one is going to
• 9:29
  Speaker 1: go pretty quick. It's got new carpet installed. It's like
• 9:33
  Speaker 1: a half a mile from Cahaba Elementary. uh, it's got
• 9:38
  Speaker 1: a new hot water heater. It's got a new furnace. Um,
• 9:42
  Speaker 1: and it's just kind of one of those little, um,
• 9:45
  Speaker 1: like cozy cottages right there in, in the area that
• 9:48
  Speaker 1: people love. And I mean, like you've got, people have
• 9:52
  Speaker 1: gone up on their houses. It's kind of like a
• 9:54
  Speaker 1: little Edgewood right there in the mall area. I've seen
• 9:58
  Speaker 1: people start brand new and build some beautiful, gorgeous houses
• 10:01
  Speaker 1: right around there. So, yeah. That's great. You can ride
• 10:05
  Speaker 1: your bike down to the little area, like Ferris Brewery.
• 10:11
  Speaker 2: Oh, yeah, yeah, yeah. All the cool stuff.
• 10:13
  Speaker 1: Little district area.
• 10:14
  Speaker 2: Entertainment district or whatever. Yeah, entertainment district.
• 10:18
  Speaker 1: I don't know why I couldn't figure out the wording
• 10:20
  Speaker 1: on that.
• 10:20
  Speaker 2: Well, I don't know why I couldn't help you quicker either,
• 10:22
  Speaker 2: so I'm going to give you that.
• 10:24
  Speaker 1: 508 North Chalkville Road. So this is coming soon. It'll
• 10:27
  Speaker 1: be up in about a week. Nice.
• 10:28
  Speaker 2: All right, 430?
• 10:29
  Speaker 1: Yeah.
• 10:29
  Speaker 2: 430 on that one. All right, we're going to do
• 10:32
  Speaker 2: 10% down back to Gusty, and this is for all
• 10:35
  Speaker 2: the marbles.
• 10:36
  Speaker 1: 10% down?
• 10:36
  Speaker 2: 10% down on 430.
• 10:36
  Speaker 1: Hmm. I'm going to go with... Why is this one
• 10:56
  Speaker 1: so hard? The wheels are turning. They are. I want
• 10:58
  Speaker 1: to get this right. All right. I'm going to go with... $ 2, 579. $ 2, 579.
• 11:17
  Speaker 1: Going a little higher, I'm going to say $ 2, 601.
• 11:25
  Speaker 2: The actual payment was $ 2, 732. John gets it today. We've
• 11:32
  Speaker 2: got a new winner.
• 11:34
  Speaker 1: Oh, man. That's what it is. You've got to go
• 11:36
  Speaker 1: with those non-round numbers, as I learned last week.
• 11:39
  Speaker 2: Just throw in that one. That's basically what it is.
• 11:42
  Speaker 1: Man, congratulations, John.
• 11:44
  Speaker 2: Congrats, John.
• 11:45
  Speaker 1: You know, I don't take any pleasure in this. I
• 11:47
  Speaker 1: realize you're playing hurt today, so. Oh, man. Ouch, ouch, ouch.
• 11:52
  Speaker 2: He's been under the medical tent for half the game.
• 11:54
  Speaker 1: That's what I'm saying. You know, I shouldn't.
• 11:57
  Speaker 2: Shouldn't gloat.
• 11:58
  Speaker 1: Oh, no. You should. Actually, if I was in your shoes,
• 12:01
  Speaker 1: I would totally.
• 12:02
  Speaker 2: He won't remember. You might as well play this time.
• 12:04
  Speaker 1: He's totally medicated. You know what's interesting? I will tell you.
• 12:08
  Speaker 1: I do not remember leaving the dentist office. I do
• 12:11
  Speaker 1: not remember getting home. I remember waking up and I
• 12:14
  Speaker 1: was on the couch. And I was like, man, they
• 12:17
  Speaker 1: must have gave me some really good stuff.
• 12:18
  Speaker 2: Did you drive?
• 12:19
  Speaker 1: No.
• 12:21
  Speaker 2: Absolutely not.
• 12:22
  Speaker 1: He doesn't know. He doesn't remember.
• 12:24
  Speaker 2: That's weird. I was like, I'm hoping. I thought that
• 12:27
  Speaker 2: was clear, but I wanted to clarify. I don't remember
• 12:29
  Speaker 2: leaving it. I don't remember. I woke up on the couch.
• 12:30
  Speaker 1: Do you remember those kids I hit? Nothing.
• 12:33
  Speaker 2: I was parked in my neighbor's driveway. I didn't know
• 12:35
  Speaker 2: what was going on.
• 12:36
  Speaker 1: Whose couch is this? I was out.
• 12:39
  Speaker 2: Some stranger's dog was in my lap.
• 12:42
  Speaker 1: Yeah. Hello, I'm the new owner. All right. Hey, we've
• 12:47
  Speaker 1: got some VIP buyers that are looking for some specific homes.
• 12:51
  Speaker 1: And so if you have a home that meets one
• 12:53
  Speaker 1: of these, you know, specifications, go to gustygoulasgroup.com or call
• 13:00
  Speaker 1: or text 205-542-1996. So we've got somebody looking in the
• 13:05
  Speaker 1: Crestwood Forest Park Avondale area. They're looking for a single
• 13:08
  Speaker 1: level home up to $ 600, 000. We've got somebody looking in
• 13:12
  Speaker 1: Shelby County. They're looking for a single level home. with
• 13:15
  Speaker 1: a personal pool up to $ 350, 000. We've got multiple people
• 13:21
  Speaker 1: looking in Homewood, more specifically Edgewood Elementary School District. I've
• 13:27
  Speaker 1: got multiple people up to $ 1. 2 million. I've got somebody
• 13:33
  Speaker 1: looking along the Rocky Ridge Road area up to $ 400, 000.
• 13:37
  Speaker 1: I've got somebody looking in Greystone or Liberty Park up
• 13:40
  Speaker 1: to $ 2 million. And, and I've got a couple of
• 13:44
  Speaker 1: investors that are out there taking a look at some
• 13:46
  Speaker 1: different properties. So if you know of a home that
• 13:48
  Speaker 1: you're like, maybe it's been a rental, maybe it's like,
• 13:51
  Speaker 1: you're just tired of it. And you're like, look, I
• 13:54
  Speaker 1: don't want to spend the money to take it to market.
• 13:56
  Speaker 1: We've got folks like myself, I buy and keep homes
• 14:00
  Speaker 1: to rent, flip houses. So I'd love to have a
• 14:04
  Speaker 1: conversation with you and see if we could be of
• 14:06
  Speaker 1: service to you. So If any of those match what
• 14:10
  Speaker 1: you have, call us at 205-542-1996. Hey, guess what time
• 14:15
  Speaker 1: it is? That's right.
• 14:19
  Speaker 2: It's testimonial time.
• 14:21
  Speaker 1: All right. It looks like we got three today. Yes.
• 14:25
  Speaker 1: Good week.
• 14:26
  Speaker 2: Hope they're long.
• 14:28
  Speaker 1: Good five-star reviews.
• 14:29
  Speaker 2: All right.
• 14:29
  Speaker 1: This is from Larry. Larry says, Kyle kept things moving
• 14:32
  Speaker 1: and really helped things along when issues arose. This experience
• 14:36
  Speaker 1: was unlike other real estate transactions in my past. I
• 14:39
  Speaker 1: gained a friend with Kyle. I could not be happier
• 14:42
  Speaker 1: with his professionalism and hard work. He was always available.
• 14:46
  Speaker 1: I mean, always keeping things on track and answering my
• 14:50
  Speaker 1: 101 questions a day. He went above and beyond and
• 14:55
  Speaker 1: beyond our expectations. So Larry, congratulations on your new home.
• 15:00
  Speaker 1: And Kyle, congratulations on another five-star review. Kim says, We
• 15:07
  Speaker 1: had a seamless experience with Carla DiLiberto. We are a
• 15:10
  Speaker 1: military family and were connected to her by an affiliated
• 15:13
  Speaker 1: company in North Carolina. She worked with us while she
• 15:16
  Speaker 1: was on vacation, always making us feel heard and took
• 15:19
  Speaker 1: time to listen to our needs. A blessing came with
• 15:22
  Speaker 1: an off-market home, and Carla was a strong advocate for
• 15:25
  Speaker 1: our needs. Thank you, Carla. So, Kim, congratulations on your
• 15:29
  Speaker 1: new home. And Carla, congratulations on.
• 15:32
  Speaker 2: Another five-star review.
• 15:36
  Speaker 1: And last but not least today, Ashley says, A very
• 15:40
  Speaker 1: good experience with selling my home with the G3 team.
• 15:43
  Speaker 1: I ended up moving out of state thinking my current
• 15:45
  Speaker 1: home would sell quickly and ended up sitting on it
• 15:48
  Speaker 1: for six months with no activity and carrying both a
• 15:51
  Speaker 1: rent payment and the mortgage payment. Ugh. After parting ways
• 15:54
  Speaker 1: with my initial agent, I ended up meeting Gusty, and
• 15:57
  Speaker 1: he was very honest about where I needed to be
• 15:59
  Speaker 1: in order to sell. And we got it done. Yeah.
• 16:02
  Speaker 1: Thanks a bunch. So, Ashley, congratulations on selling your home
• 16:06
  Speaker 1: in Alabaster.
• 16:07
  Speaker 2: And, Gusty, congratulations on another five-star review.
• 16:13
  Speaker 1: That's our review segment. Yeah, buddy. I like reviews. I
• 16:18
  Speaker 1: like them when they're five stars, too. That's just kind
• 16:21
  Speaker 1: of an expectation with our team.
• 16:22
  Speaker 2: No doubt.
• 16:23
  Speaker 1: All right. Well, y'all stay tuned. We're going to talk
• 16:25
  Speaker 1: a little bit more about what we're seeing with the
• 16:27
  Speaker 1: real estate market and interest rates in the mortgage world
• 16:30
  Speaker 1: right here on Ball Bart and Sold. Stay tuned. All right.
• 16:36
  Speaker 1: Welcome back to Ball Bart and Sold. Thanks as always
• 16:39
  Speaker 1: for joining us each and every Sunday morning. We hope
• 16:42
  Speaker 1: y'all are staying safe during this weather. We are recording
• 16:46
  Speaker 1: this a little bit early so we didn't get caught
• 16:48
  Speaker 1: in this weather and supposed to be having a fall
• 16:51
  Speaker 1: break and This hurricane kind of messed us up, didn't it, Brad?
• 16:56
  Speaker 2: It did. It didn't help us. But, you know, I
• 16:59
  Speaker 2: didn't have any plans anyway, so now I'm just thinking
• 17:01
  Speaker 2: about all the people that I'm going to have to
• 17:03
  Speaker 2: compete with that I thought were going to be out
• 17:05
  Speaker 2: of town. That's right.
• 17:06
  Speaker 1: That's right.
• 17:07
  Speaker 2: I'm just kidding. But, no, I mean, you know, hoping
• 17:10
  Speaker 2: all that stuff, you know, is a little weaker than
• 17:13
  Speaker 2: they think or kind of spins off and everything. And,
• 17:15
  Speaker 2: you know, I know there's going to be some high
• 17:17
  Speaker 2: wind and a lot of water and stuff, but hopefully
• 17:18
  Speaker 2: you know minimum damage in everybody's you know, plays it
• 17:21
  Speaker 2: safe and, and kind of knows their risk and is
• 17:24
  Speaker 2: that they're evacuated or is in a good spot where
• 17:26
  Speaker 2: they're comfortable with kind of what's going down. So, um,
• 17:29
  Speaker 2: but yeah, I mean, um, it's that time of year too, though.
• 17:31
  Speaker 2: I mean, it was just, I mean, I can, I
• 17:34
  Speaker 2: feel like every year, like you can go back through
• 17:36
  Speaker 2: the years and think about hurricane and remember like a
• 17:38
  Speaker 2: hurricane or two every couple of years or three or
• 17:40
  Speaker 2: four years that maybe not weren't big, but you just
• 17:42
  Speaker 2: kind of remember what you were doing or maybe how
• 17:44
  Speaker 2: it impacted you and stuff. And it's always, you know,
• 17:46
  Speaker 2: it was always about this time somewhere in the middle
• 17:48
  Speaker 2: into September, early middle of October, um, you know, we
• 17:52
  Speaker 2: start kind of getting some of these and this is like,
• 17:54
  Speaker 2: I think you mentioned it earlier, even maybe off the
• 17:56
  Speaker 2: air and it's, you know, we, I thought we normally
• 17:59
  Speaker 2: have a couple more that have already kind of popped
• 18:01
  Speaker 2: up or we've heard the names of, or like could be,
• 18:03
  Speaker 2: could be something coming or, or kind of through the Gulf.
• 18:06
  Speaker 2: And this kind of feels like the first one, the
• 18:08
  Speaker 2: Gulf really may be impacted by. So it's kind of
• 18:10
  Speaker 2: feels like it's, um, maybe, maybe a little later in
• 18:13
  Speaker 2: the season, but, but yeah, I mean, you know, we
• 18:15
  Speaker 2: all adjust and, and, um, you know, we hope for
• 18:18
  Speaker 2: the rest of the state too, the different spinoff and
• 18:21
  Speaker 2: tornadoes and stuff. Because every year we have a huge
• 18:25
  Speaker 2: insurance event that we go down to and look at
• 18:28
  Speaker 2: and there's different stuff that impacts, again, all these things
• 18:31
  Speaker 2: and can, depending on that, can dictate kind of what
• 18:35
  Speaker 2: we see on rates and different stuff from different catastrophic
• 18:38
  Speaker 2: events and not. So we'll kind of see how all
• 18:40
  Speaker 2: this shakes out. For the mortgage world, last week was
• 18:44
  Speaker 2: pretty much a, It ended up being a flat week.
• 18:49
  Speaker 2: We're still 30-year average. If you look at Mortgage News Daily,
• 18:52
  Speaker 2: it's saying about 7.6% on 30-year fixed. So that's about
• 18:57
  Speaker 2: where we were last week. Fed Chairman didn't help much
• 19:01
  Speaker 2: with some of his comments. They're being a little more hawkish.
• 19:03
  Speaker 2: So I think right now the trend is we're going
• 19:07
  Speaker 2: to have a couple more rate hikes over the next
• 19:09
  Speaker 2: 12 to 18 months. Um, and, uh, the, the apparently
• 19:13
  Speaker 2: from their numbers and what they're seeing is the economy
• 19:16
  Speaker 2: is strong and thriving and inflation is still creeping up
• 19:19
  Speaker 2: too fast. So they're going to have to do something
• 19:21
  Speaker 2: with rates. Um, oil prices did go back up also.
• 19:25
  Speaker 2: So that's affecting kind of that, those, those inflation numbers. Um,
• 19:30
  Speaker 2: so I think, I think right now, I think what
• 19:32
  Speaker 2: you just settle into these rates, um, and do what
• 19:36
  Speaker 2: you're gonna do and live life the way you're gonna
• 19:38
  Speaker 2: live it. If you need to buy a house, buy
• 19:39
  Speaker 2: a house. If you need to sell a house, sell
• 19:41
  Speaker 2: a house. If you got something going on, still go
• 19:43
  Speaker 2: about it. And then everything works itself out. I mean,
• 19:45
  Speaker 2: we talked about it last week, kind of went through
• 19:47
  Speaker 2: the years every decade. I mean, we're right in where
• 19:50
  Speaker 2: we were in the mid-2000s. Really the only time in
• 19:54
  Speaker 2: history that the rates have been lower than this general
• 19:57
  Speaker 2: vicinity was kind of that 2009 to 2022 range in
• 20:02
  Speaker 2: the history of the mortgage rates. And so, you know,
• 20:06
  Speaker 2: we're on the back end of that now, though. I mean,
• 20:08
  Speaker 2: we're good. you know, four and five years removed from
• 20:11
  Speaker 2: that now, and this has kind of been the normal
• 20:13
  Speaker 2: world somewhere in the mid-sevens to mid-sixes with every once
• 20:16
  Speaker 2: in a while a little lower, but it's kind of
• 20:18
  Speaker 2: where we've been living. So really shouldn't be considered good
• 20:22
  Speaker 2: or bad news, just kind of like this is where
• 20:24
  Speaker 2: we are. You know, it's kind of like the weather update.
• 20:26
  Speaker 1: Yeah.
• 20:27
  Speaker 2: The temperature is the temperature.
• 20:28
  Speaker 1: The temperature is the temperature.
• 20:31
  Speaker 2: And so, you know, we just keep going day to day,
• 20:34
  Speaker 2: and so that's kind of what we're seeing. And I
• 20:36
  Speaker 2: don't see– Unfortunately, the way that the Fed chair kind
• 20:40
  Speaker 2: of spoke and kind of the way the markets reacted
• 20:42
  Speaker 2: in the bond world, like I don't see a huge
• 20:45
  Speaker 2: shift downward anytime soon that we were maybe hoping for,
• 20:47
  Speaker 2: thought we might be getting with some of the stuff
• 20:49
  Speaker 2: we've been getting because of this elevated oil prices and
• 20:51
  Speaker 2: just different stuff that's affected it. So, again, I would
• 20:55
  Speaker 2: just kind of plan on this being about right and
• 20:58
  Speaker 2: just move on.
• 20:59
  Speaker 1: Yeah. There you go. There you go.
• 21:01
  Speaker 2: Keep on keeping on.
• 21:02
  Speaker 1: Keep on keeping on. That's what's up. That's what's up. Well, cool.
• 21:08
  Speaker 2: You were talking a minute ago, and this is completely
• 21:11
  Speaker 2: random and very much like very home team kind of thing,
• 21:14
  Speaker 2: but you're talking about people looking at Homewood and mainly Edgewood.
• 21:19
  Speaker 2: I noticed the other day they're building a big house
• 21:21
  Speaker 2: in West Homewood right off Raleigh. And I've kind of
• 21:24
  Speaker 2: been thinking like, I mean, West Homewood does have some
• 21:27
  Speaker 2: other bigger houses and stuff, but in that little heart
• 21:29
  Speaker 2: of West Homewood near Hall Kent, you haven't seen a
• 21:31
  Speaker 2: lot of people really go up or big. really yet.
• 21:33
  Speaker 2: And so like, it's kind of maybe takes one to
• 21:35
  Speaker 2: get there and go and kind of see him. So
• 21:37
  Speaker 2: I've been kind of, so I was going down the
• 21:39
  Speaker 2: other day and saw a bigger house going up and
• 21:41
  Speaker 2: was kind of thinking, is this the one that kind
• 21:43
  Speaker 2: of sets up?
• 21:43
  Speaker 1: It's on the corner. Yeah.
• 21:45
  Speaker 2: Right on Raleigh, like right past the church.
• 21:46
  Speaker 1: So I think, uh, yeah. So that one, um, I
• 21:51
  Speaker 1: think is being, is being built by a local builder
• 21:54
  Speaker 1: that I know. And, um, and, and I think this
• 21:58
  Speaker 1: guy's planning, he is, he is going like, To the nines.
• 22:05
  Speaker 2: I mean, I could tell. Getting it the way he
• 22:06
  Speaker 2: wants it. And it's almost like you're entering into it.
• 22:08
  Speaker 2: Like it's setting the stage for things to come.
• 22:11
  Speaker 1: You know, I think so.
• 22:12
  Speaker 2: And I just wanted to bring that up because that,
• 22:14
  Speaker 2: I mean, it's almost like when you're entering into it,
• 22:16
  Speaker 2: it's like it's on the corner right there. And it's like, hey,
• 22:18
  Speaker 2: this is what's coming on this side of town.
• 22:20
  Speaker 1: Well, I think you'll find, in my opinion, that whole
• 22:24
  Speaker 1: Kent area is going to be kind of like what
• 22:28
  Speaker 1: Crestline Park is. You know, Crestland Park and Hall-Kent kind
• 22:32
  Speaker 1: of remind me a lot of each other. It's just,
• 22:36
  Speaker 1: I think you'll start seeing more roofs, you know, get
• 22:40
  Speaker 1: blown and go up.
• 22:41
  Speaker 2: Yeah, I have too, and I've been kind of waiting
• 22:43
  Speaker 2: on it.
• 22:43
  Speaker 1: Or the lots.
• 22:44
  Speaker 2: And there's been a couple back up in there that
• 22:46
  Speaker 2: you don't see as much, but that one was just
• 22:48
  Speaker 2: prominent of being like, all right, here we go.
• 22:51
  Speaker 1: It's like one of the busier intersections. 100%.
• 22:54
  Speaker 2: That's why I bring it up, because I think it's
• 22:57
  Speaker 2: almost like a kickoff point. of kind of what's to come.
• 23:01
  Speaker 2: So anyways, I just, that was, again, that's, that's a
• 23:03
  Speaker 2: little more local than normal, but I know you'd probably
• 23:05
  Speaker 2: do a little bit more on it, but it is, but,
• 23:06
  Speaker 2: but when you see a shift in a, you know,
• 23:09
  Speaker 2: we talk about Homewood and we focus on a lot
• 23:11
  Speaker 2: of times Edgewood and then, so just, just wanting to
• 23:14
  Speaker 2: bring like what we see also in Homewood, like of
• 23:16
  Speaker 2: things that are growing.
• 23:17
  Speaker 1: I've seen a lot of new construction.
• 23:18
  Speaker 2: A hundred percent.
• 23:20
  Speaker 1: Um, and, and those prices are any, anything really one,
• 23:23
  Speaker 1: four to 2.2.
• 23:25
  Speaker 2: Yeah.
• 23:26
  Speaker 1: You know, pretty incredible.
• 23:27
  Speaker 2: I think. Exactly.
• 23:30
  Speaker 1: So, I mean, I love it. I love it for
• 23:33
  Speaker 1: our appreciation of our house and things like that. But nonetheless, hey,
• 23:40
  Speaker 1: thank you so much for listening. If we can do
• 23:42
  Speaker 1: anything for you real estate-wise, we would love to have
• 23:46
  Speaker 1: a conversation with you. And you can do that by
• 23:48
  Speaker 1: going to gustygoulasgroup.com or call or text 205-542-1996. And if
• 23:54
  Speaker 1: you'd like to get pre-qualified for a mortgage, bradsmithloans.com.
• 23:58
  Speaker 2: Yeah, buddy.
• 23:58
  Speaker 1: Brad is with Cross Country Mortgage and would love to
• 24:01
  Speaker 1: have a conversation with you. So thanks again for joining us.
• 24:04
  Speaker 1: Y'all stay safe. Catch you next time. Peace.