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The Gov is open, and houses are selling! · Bought Borrowed and Sold

• 0:00
  Speaker 1: All right, welcome to bart and Sold and uh man,
• 0:04
  Speaker 1: we're getting closer and closer to Thanksgiving. How about it?
• 0:08
  Speaker 1: Brad Smith with a cross country mortgage. What's up, dude?
• 0:11
  Speaker 2: I love Thanksgiving just for the records. Oh yeah, that's great. Thanksgiving,
• 0:16
  Speaker 2: not not necessarily by the meaning of Thanksgiving, but the
• 0:18
  Speaker 2: actual day itself is my favorite holiday. Yeah. Yeah, so
• 0:23
  Speaker 2: I'm excited. I like it.
• 0:25
  Speaker 1: Yeah, I'm I'm super pumped up. I'm in the gym,
• 0:28
  Speaker 1: like trying to get my last couple of pounds off
• 0:32
  Speaker 1: before Thanksgiving so i can just crush all the food.
• 0:36
  Speaker 1: Like We'll be in Gadston and my favorite pizza joint
• 0:42
  Speaker 1: is in Gadston. It's called Maters, and Maters is holy cow.
• 0:50
  Speaker 1: Like it is so good. And so I'm pumped about that.
• 0:54
  Speaker 1: And then obviously, you know, just the typical Thanksgiving right
• 0:58
  Speaker 1: food and everything. But yeah, that Friday after Thanksgiving, it's
• 1:03
  Speaker 1: it's Mats.
• 1:03
  Speaker 2: For us, that's all. That's a good tradition to have.
• 1:06
  Speaker 1: It is an amazing tradition.
• 1:08
  Speaker 2: Yeah.
• 1:09
  Speaker 1: I went up there like to I like two or
• 1:11
  Speaker 1: three months ago, maybe August. I was up in Gadston
• 1:14
  Speaker 1: and you know, they I was like my in laws
• 1:18
  Speaker 1: didn't order maters, and I'm like, dude, what's up? Like
• 1:21
  Speaker 1: I do something wrong? What is going on here? Like
• 1:25
  Speaker 1: I don't understand this? But AnyWho, I thought that was
• 1:29
  Speaker 1: pretty funny. But yeah, so hey, we're getting getting busier
• 1:34
  Speaker 1: in the real estate market for sure. For sure, glad
• 1:38
  Speaker 1: to see that that happened.
• 1:39
  Speaker 2: Yep, yep. So that stuff's hopping around, and I think
• 1:43
  Speaker 2: we're going to get the government back opened up.
• 1:45
  Speaker 1: I love it.
• 1:47
  Speaker 2: It may already be yeah, officially be back open today,
• 1:51
  Speaker 2: I think.
• 1:52
  Speaker 1: Heck yeah, So.
• 1:53
  Speaker 2: I go on Thursday, since we're you know, a little
• 1:57
  Speaker 2: little tape record here, but we're catching up.
• 2:00
  Speaker 1: And so I got a message from uh from Laura,
• 2:02
  Speaker 1: who's our closing coordinator, and we put let's see eleven
• 2:09
  Speaker 1: homes under contract in the past week. Nice. So I've
• 2:13
  Speaker 1: got some shout outs. Yeah, I'm like think, like literally, man,
• 2:17
  Speaker 1: no doubt. How about this, Carlo Diliberto five homes under
• 2:22
  Speaker 1: contract in the past week. Five homes under contract, Congratulations,
• 2:27
  Speaker 1: Handlo Dilberto. H Kyle Bedgood with two homes under contracts So, Kyle,
• 2:32
  Speaker 1: thank you, congratulations, And then shout outs to John Michael, Brandon,
• 2:37
  Speaker 1: Frieda Whitley, John Riddle, and T. J. Cunningham on their
• 2:41
  Speaker 1: contracts for the week and uh, oh, by the way,
• 2:44
  Speaker 1: I got one too.
• 2:45
  Speaker 2: Oh yeah, So.
• 2:50
  Speaker 1: You know, I try, like my goal is to try
• 2:52
  Speaker 1: to get one personally under contract each week, and so
• 2:57
  Speaker 1: I'm more of on the list side, but I mean
• 2:59
  Speaker 1: I've got I worked with buyers as well. But you know,
• 3:01
  Speaker 1: obviously our team works with a lot of buyers and
• 3:05
  Speaker 1: sellers too, So it's nice to have that, you know,
• 3:09
  Speaker 1: people back in the mix because I'll tell you, through
• 3:11
  Speaker 1: the government shutdown like it was almost a real estate shutdown.
• 3:15
  Speaker 2: Yeah, yeah, it was. I mean you you had a
• 3:17
  Speaker 2: lot of people just not quite sure what was going on,
• 3:19
  Speaker 2: and then and then there was a lot of things
• 3:21
  Speaker 2: that we didn't really know like how to handle. Like
• 3:23
  Speaker 2: I think I told you all maybe a couple of
• 3:24
  Speaker 2: week ago. I've got a guy that's been trying to
• 3:26
  Speaker 2: resign from the government since before it shut downs and
• 3:29
  Speaker 2: then and so I guess I'm going to text him
• 3:31
  Speaker 2: in a minute and say, hey, how's it going. Did
• 3:33
  Speaker 2: you get all that? Did you get the first thing
• 3:35
  Speaker 2: this morning or last week? Get that letter in so
• 3:38
  Speaker 2: telling anyway, So we'll see. But yeah, it's been it's
• 3:41
  Speaker 2: been a little while, but glad to see it's picking
• 3:43
  Speaker 2: back up and phones are definitely ringing and rates are
• 3:46
  Speaker 2: hanging in there.
• 3:46
  Speaker 1: So well, we're going to dig in a little bit
• 3:48
  Speaker 1: more about what we're seeing in the real estate and
• 3:49
  Speaker 1: the mortgage market in our next segment. But each and
• 3:54
  Speaker 1: every week we like to talk about our new listings,
• 3:57
  Speaker 1: our open houses and all that fun stuff. And so, uh,
• 4:01
  Speaker 1: we've got four We've got two open houses and a
• 4:04
  Speaker 1: couple of new listings that we're gonna talk about, and uh,
• 4:06
  Speaker 1: we're gonna play the game. We're gonna guess some mortgage payments.
• 4:09
  Speaker 1: John Mountins and myself are gonna go against each other
• 4:12
  Speaker 1: and let's see who's gonna take today's title.
• 4:15
  Speaker 2: B tell the rules, all right, So what we're gonna
• 4:18
  Speaker 2: do is guess. He's gonna go through those properties and
• 4:20
  Speaker 2: give us some of the cool details of each property.
• 4:22
  Speaker 2: At the end, he's gonna give us the list price
• 4:23
  Speaker 2: of the property. Then I will give a potential down
• 4:25
  Speaker 2: payment that a bar may make, and then they will
• 4:27
  Speaker 2: guess the thirty or fixed monthly interest monthly principal interest
• 4:31
  Speaker 2: only payment. M All right, That's all there is to it.
• 4:34
  Speaker 2: That's simple, and you can play wherever you are right now. Yeah,
• 4:38
  Speaker 2: guess the mortgage payment?
• 4:40
  Speaker 1: Yeah, all right, well let's do this. Here we go,
• 4:44
  Speaker 1: Here we go. We've got an open house today. Uh
• 4:49
  Speaker 1: in two places. The first place is uh In on
• 4:53
  Speaker 1: Avenue Z five, twenty four Avenue Z. This is in
• 4:56
  Speaker 1: the Tuxedo Heights neighborhood in Birmingham. This is built in
• 4:59
  Speaker 1: nineteen fifty, recently renovated, three bedrooms, one bath, one thousand,
• 5:04
  Speaker 1: thirty two square feet. And we are asking eighty five thousand,
• 5:07
  Speaker 1: eighty five thousand, and this could be a perfect first home,
• 5:11
  Speaker 1: could be an investment property, really whatever you kind of want.
• 5:15
  Speaker 1: And it's got updated plumbing, electrical, new gas lines, new
• 5:18
  Speaker 1: water heater. It's ready to rock. So gus see Tony
• 5:23
  Speaker 1: McDaniels this afternoon from two to four nice, eighty five thousand.
• 5:27
  Speaker 2: Eighty five thousand, putting five percent down. Eighty five thousand,
• 5:32
  Speaker 2: five percent down, Gusty, it's on.
• 5:34
  Speaker 1: You, okay, eighty five thousand, putting five percent down as
• 5:38
  Speaker 1: a reminder principle and interest for those listening. And I'm
• 5:43
  Speaker 1: gonna go with I'm gonna go with four sixty three.
• 5:54
  Speaker 3: It's tough because you never guess. I bet against Gusty.
• 5:57
  Speaker 3: I feel like that's maybe a little low, but I
• 6:00
  Speaker 3: don't know the rates. I'm gonna say five hundred.
• 6:04
  Speaker 2: Even five hundred, even the actual payment was four ninety three.
• 6:09
  Speaker 3: Oh good, the skin of my teeth.
• 6:13
  Speaker 2: Look at you, John, You just need to turn that
• 6:15
  Speaker 2: six upside down.
• 6:17
  Speaker 1: It's all good. It's all again. I've got three to
• 6:20
  Speaker 1: come back.
• 6:21
  Speaker 2: Yeah, you do, all right.
• 6:22
  Speaker 1: Our next open house is also this afternoon from two
• 6:25
  Speaker 1: to four. It is in River Chase, in the River
• 6:28
  Speaker 1: Chase neighborhood of Hoover. Actually my first house. I grew
• 6:32
  Speaker 1: up in a house in River Chase at the front
• 6:34
  Speaker 1: of the neighborhood. But you can go see nine fifty
• 6:37
  Speaker 1: two Tulip Poplar Lane, nine five two two Loop Poplar Lane.
• 6:42
  Speaker 1: So it was built in nineteen eighty six on over
• 6:45
  Speaker 1: half an acre lot. It's four bedrooms, three and a
• 6:47
  Speaker 1: half baths. It's twenty three hundred and ten square feet
• 6:50
  Speaker 1: on the main two levels. It's got four hundred and
• 6:53
  Speaker 1: seventy seven finished square feet in a two car garage
• 6:56
  Speaker 1: in the basement. And we are asking four fifteen four
• 7:01
  Speaker 1: fifty nine nine and as a reminder of the Suspain
• 7:03
  Speaker 1: Park High School, which is where River Chase goes for
• 7:07
  Speaker 1: high school.
• 7:08
  Speaker 2: Tulip Poplar my favorite stream name that we've that we've done.
• 7:12
  Speaker 1: Go see Kyle Bedgood today.
• 7:13
  Speaker 2: Tulip Poplar. All right, four fifty nine, ten percent down,
• 7:18
  Speaker 2: John Mountains ten percent down.
• 7:19
  Speaker 3: Ten percent down. So we're really looking at somewhere around
• 7:22
  Speaker 3: four to four hundred thousand even? How about three thousand?
• 7:33
  Speaker 3: I have no idea. I have nothing to base it on.
• 7:35
  Speaker 2: Three thousand. I could tell the way you mumbled in
• 7:37
  Speaker 2: at three. Yeah, I don't three thousand, get this, thirty
• 7:41
  Speaker 2: five twenty. I'm gonna get this off my plate.
• 7:43
  Speaker 3: Yeah, please, please, Gusty, please give us a correct answer.
• 7:46
  Speaker 1: Now I'm trying.
• 7:49
  Speaker 2: To hold up, Hold up, hold up, wait a minute.
• 7:52
  Speaker 3: All I gotta do is is coming with lower higher
• 7:54
  Speaker 3: on what I did. Basically, would you say I don't
• 7:58
  Speaker 3: remember three thousand even? I saw him WinCE at that one.
• 8:05
  Speaker 3: He's like, what does he think? What is he smoking?
• 8:07
  Speaker 1: I'm gonna go with I don't know. Now, I feel
• 8:15
  Speaker 1: like I'm off twenty five hundred.
• 8:17
  Speaker 2: I knew you were gonna go with twenty five hundred
• 8:19
  Speaker 2: and questions twenty five twenty seven was the actual number.
• 8:23
  Speaker 2: I knew in his head. He was like, I want
• 8:26
  Speaker 2: to be close, but I gotta bell.
• 8:27
  Speaker 3: Over a strategy. I was trying to fake him out.
• 8:29
  Speaker 1: Yeah, something like that, something like that. All right, I'm
• 8:32
  Speaker 1: back in business, y'all. One to one, all right. Our
• 8:35
  Speaker 1: next new listing is in Childersburg, Talladega count eighteen Lakeside Drive.
• 8:42
  Speaker 1: This was built in nineteen fifty. So two bedroom, one
• 8:45
  Speaker 1: bath home, nine hundred square feet, and we are asking
• 8:48
  Speaker 1: sixty thousand dollars. Could be a great investment opportunity, whatever
• 8:53
  Speaker 1: you'd like. So two bedrooms, one bath, sixty thousand. This
• 8:56
  Speaker 1: listing is courtesy of Isaac Marvin. So Isaac can grab
• 9:00
  Speaker 1: adulations on your new listing.
• 9:02
  Speaker 2: Sixty thousand dollars, three percent down, three percent down back
• 9:07
  Speaker 2: to Gusty.
• 9:08
  Speaker 1: Three percent down. Okay ah, how about four hundred.
• 9:19
  Speaker 2: Bucks four hundred for Gusty.
• 9:25
  Speaker 3: That seems a little high to me, to say three
• 9:30
  Speaker 3: hundred and sixty dollars.
• 9:34
  Speaker 2: The actual payment was three hundred and fifty five dollars.
• 9:37
  Speaker 2: John mountains around two.
• 9:39
  Speaker 1: John, I'm going to that was around three.
• 9:42
  Speaker 2: By the way, I mean, he's got got two out
• 9:44
  Speaker 2: of the three.
• 9:45
  Speaker 1: Oh, man gotta come from behind. Man John has stepped
• 9:50
  Speaker 1: it up, all right. Our last new listing of the
• 9:52
  Speaker 1: week is in Kolera eleven ninety four Emerald Ridge Drive. Yes,
• 9:57
  Speaker 1: it's in the Emerald Emerald Ridge neighborhood. This one is
• 10:00
  Speaker 1: a four bedroom, two bath garden home built in twenty ten.
• 10:04
  Speaker 1: We've got sixteen hundred and thirty one square feet on
• 10:07
  Speaker 1: the main level. We've got four hundred and forty five
• 10:09
  Speaker 1: square feet upstairs, for a total of two thousand and
• 10:13
  Speaker 1: seventy six square feet. To eighty nine to nine, to
• 10:16
  Speaker 1: eighty nine nine. You would not even be able to
• 10:18
  Speaker 1: build this house for to eighty nine nine these days.
• 10:22
  Speaker 1: And this listing is courtesy of Kyle Bedgood. All right,
• 10:26
  Speaker 1: stainless still appliances are awaiting to car garage. How about
• 10:32
  Speaker 1: that soaking tub? Hello, all right, to eighty.
• 10:36
  Speaker 2: Nine nine soaking tub? Needed that voice? Soaking tub? Soaking
• 10:40
  Speaker 2: tub two eighty nine nine nine five percent down, five
• 10:45
  Speaker 2: percent down. It's on mister.
• 10:47
  Speaker 3: Mounts so to n six cent okay, so ah eighteen fifty.
• 11:10
  Speaker 1: What uh five percent down?
• 11:12
  Speaker 2: Five percent down?
• 11:14
  Speaker 1: Mmmm, God like a little nervous He's got me on
• 11:19
  Speaker 1: the ropes.
• 11:20
  Speaker 2: Ladies's get that one up, all right when you start
• 11:24
  Speaker 2: working on tie rekords. Just in case, I was gonna say, man, okay,
• 11:31
  Speaker 2: all right, all right, all right, I've got this.
• 11:33
  Speaker 1: I have this. I'm gonna go with.
• 11:39
  Speaker 2: Eighteen hundred, eighteen hundred the actual pavement sixteen eighty one.
• 11:46
  Speaker 2: Gusty gets round four.
• 11:48
  Speaker 3: But that means little tah going into double overtime.
• 11:52
  Speaker 2: Going into double overtime. Alright, house, see what we got,
• 11:57
  Speaker 2: same scenario, same scenario, nine five percent down, fifteen year amortization.
• 12:03
  Speaker 2: Oh my fifteen year.
• 12:06
  Speaker 3: Now, remind me what of the Gusty. I wasn't paying
• 12:08
  Speaker 3: attention because iknew I lost head last week.
• 12:10
  Speaker 2: Gusy said, eighteen hundred. The actual payment was sixteen eighty one.
• 12:13
  Speaker 2: Uh so it'll be two ninety five percent down on
• 12:16
  Speaker 2: a fifteen year amortization. So fifteen year monthly payment.
• 12:20
  Speaker 3: Okay, who's STU starting off me or me or Gusty.
• 12:22
  Speaker 2: It's on you, Okay, it's on me, it's on Gusty.
• 12:26
  Speaker 3: Yes, yeah, that's on me, John, fifteen year and no pressure.
• 12:35
  Speaker 1: Twenty five hundred bucks.
• 12:40
  Speaker 3: That seems high. Twenty three hundred dollars.
• 12:46
  Speaker 1: I like how he's like that seemed high, and then
• 12:49
  Speaker 1: directly looked at Brad. I didn't give much anything. He
• 12:54
  Speaker 1: did not give anything, And.
• 12:55
  Speaker 2: Normally I will shade to help John a little. I
• 12:58
  Speaker 2: tried to state this one was.
• 12:59
  Speaker 3: Just been two year trying to play it down in
• 13:01
  Speaker 3: the middle.
• 13:01
  Speaker 2: But I didn't need to today because the actual payment
• 13:03
  Speaker 2: was two thousand, two and fifty one dollars.
• 13:05
  Speaker 3: John Mouth Wi, thank you, thank you very much.
• 13:09
  Speaker 1: Oh my gosh, that.
• 13:14
  Speaker 2: Was an.
• 13:17
  Speaker 3: You can see so looking at the prices, you can
• 13:20
  Speaker 3: see like the sweet spot of what I'm able to
• 13:22
  Speaker 3: come up with. You know, I need.
• 13:24
  Speaker 2: I need the low end.
• 13:25
  Speaker 3: If it's high end stuff, I'm lost, But the low
• 13:27
  Speaker 3: end stuff I can handle.
• 13:28
  Speaker 1: Wow, I got a crushed today. Ouch. All right, let's see,
• 13:35
  Speaker 1: all right, we've got We've got a couple of buyer needs.
• 13:38
  Speaker 1: I've got somebody looking up to four hundred thousand near
• 13:41
  Speaker 1: Rocky Ridge Road. I've got somebody looking up to five
• 13:46
  Speaker 1: hundred thousand in Homewood, And I've got somebody looking up
• 13:48
  Speaker 1: to three hundred and fifty thousand near Graystone Y m
• 13:52
  Speaker 1: c A. All right, Hey, guess what time it is.
• 13:59
  Speaker 1: That's right, it's testimonial time, all right. I got two today.
• 14:05
  Speaker 1: All right. This one comes from Alex. The Gusty Goulis
• 14:08
  Speaker 1: Group acted as a seller's agent for one of my
• 14:10
  Speaker 1: investment properties in the Birmingham area. Their performance and efficiency
• 14:15
  Speaker 1: during the listing and sales process was excellent. As a
• 14:19
  Speaker 1: remote owner, the process was completely hands off for me
• 14:22
  Speaker 1: and required very little active involvement. Their analysis of the
• 14:26
  Speaker 1: market was accurate and solid offers were procured shortly after listening.
• 14:32
  Speaker 1: Cell negotiation and closing was well executed, efficient and clean.
• 14:36
  Speaker 1: I'll definitely utilize the services of the Gusty Goulis Group
• 14:39
  Speaker 1: in the future. So Alex, thank you so much for
• 14:42
  Speaker 1: the opportunity and Gusty congratulations on.
• 14:47
  Speaker 2: Another five star reviews.
• 14:50
  Speaker 1: That's right, I like it all right. This one's from Pam.
• 14:54
  Speaker 1: We had an incredible experience with the Gusty Goulis Group
• 14:57
  Speaker 1: and we highly recommend them. Our household that might might
• 15:02
  Speaker 1: be Pam over there. Pam our household the first day
• 15:05
  Speaker 1: it was placed on the market and we secured our
• 15:07
  Speaker 1: dream home only days into the negotiation process. The group
• 15:13
  Speaker 1: of professionals have the process of streamline for maximum efficiency
• 15:17
  Speaker 1: and information. We cannot praise the Gusty Gulis group enough
• 15:22
  Speaker 1: for the efforts on our behalf. So Pam, congratulations on
• 15:27
  Speaker 1: selling your property. And Gusty, congratulations.
• 15:32
  Speaker 2: On another five star reviews.
• 15:36
  Speaker 1: Sometimes you just got to pat your own self on
• 15:38
  Speaker 1: the back.
• 15:38
  Speaker 2: Can I read one? We got one this week? Yes,
• 15:41
  Speaker 2: Michelle got a five star. All right, let's go. Michelle Smith,
• 15:45
  Speaker 2: my wife's alone officer with a cross country mortgage. She
• 15:47
  Speaker 2: got a five star review this week, and I just
• 15:48
  Speaker 2: wanted to read it real quick, so it was short
• 15:49
  Speaker 2: and sweet.
• 15:50
  Speaker 1: I love it, all right.
• 15:51
  Speaker 2: Michelle was so wonderful and never hesitated to text or
• 15:54
  Speaker 2: call me back when I had a million in one questions.
• 15:56
  Speaker 2: So thankful for Michelle. That was it, all right, Michelle,
• 16:01
  Speaker 2: congratulations on another five star review.
• 16:06
  Speaker 1: I love it. I love it. There we go, getting
• 16:08
  Speaker 1: the fam and yeah, roll them in. All right, Hey, y'all,
• 16:11
  Speaker 1: we're gonna stay y'all, stay tuned. We're gonna take a
• 16:14
  Speaker 1: quick break. We're gonna talk a little bit about what
• 16:15
  Speaker 1: is going on in the real estate and mortgage world
• 16:17
  Speaker 1: right here on both the Broad and Sold. All right,
• 16:21
  Speaker 1: welcome back to ball Bart and Sold, and I'll tell
• 16:23
  Speaker 1: you what. We've had some big headlines this week in
• 16:26
  Speaker 1: the real estate world. And you know, the last six
• 16:30
  Speaker 1: weeks we've had a huge government shut down long as average. Yeah,
• 16:36
  Speaker 1: what's crazy significantly longer. And I'll tell you it. In
• 16:39
  Speaker 1: my opinion, it has impacted the real estate market.
• 16:42
  Speaker 2: What do you think, Brad, I would say, there's no doubt.
• 16:45
  Speaker 2: I mean there's just too many people kind of not
• 16:47
  Speaker 2: sure and two people affected by it directly. I mean
• 16:50
  Speaker 2: they're they're actual paychecks and checking accounts and different things
• 16:54
  Speaker 2: that are tied to it. So I definitely think it
• 16:56
  Speaker 2: had people kind of like, hold on, what's going on here?
• 16:59
  Speaker 2: Like because as it kept dragging out, the more we
• 17:01
  Speaker 2: were like, yeah, all right, like we know it's going
• 17:03
  Speaker 2: to get resolved eventually, but like what at this point?
• 17:06
  Speaker 1: Where?
• 17:07
  Speaker 2: Why why is it taking so long? And where are we? So,
• 17:09
  Speaker 2: you know, it was good to get that news this
• 17:11
  Speaker 2: past week. President Trump signed it i think late Wednesday
• 17:14
  Speaker 2: night and then so all that should be going be
• 17:18
  Speaker 2: pretty good. It'll be interesting how the markets respond to it,
• 17:21
  Speaker 2: you know, and kind of get a full thing because
• 17:23
  Speaker 2: like some of the little things like that. You know,
• 17:26
  Speaker 2: our main two things that are driving the market are
• 17:28
  Speaker 2: jobs and inflation. Those the two things we were talking
• 17:31
  Speaker 2: about mostly that are really impacting it. But we had
• 17:33
  Speaker 2: this government shut down on top of it, and so
• 17:37
  Speaker 2: the government shutdown, we weren't getting these numbers to look at.
• 17:40
  Speaker 2: So like we're hoping in the next day or two
• 17:43
  Speaker 2: we're going to get the September Jobs report, because it
• 17:45
  Speaker 2: was supposed to be released two days before the government
• 17:48
  Speaker 2: i mean two days after the government shutdown, so it
• 17:50
  Speaker 2: was ready to be released, but the government shut down
• 17:52
  Speaker 2: two days before, so they just held it back. They
• 17:54
  Speaker 2: just held it back because nobod to evaluate it and
• 17:56
  Speaker 2: run through and all that good stuff. Now, what we
• 17:58
  Speaker 2: do have is we have ADP, which a lot of
• 18:00
  Speaker 2: you people pay rolls come through. ADP was showing about
• 18:03
  Speaker 2: a little less than twelve thousand job losses a week
• 18:06
  Speaker 2: for the past four weeks. So we're seeing that, you know,
• 18:10
  Speaker 2: from from those numbers, we think that unemployment is going
• 18:13
  Speaker 2: to keep showing weaker signs, which would is not great
• 18:16
  Speaker 2: for the overall economy, but it's good for mortgage rates.
• 18:18
  Speaker 2: So that's kind of what we're looking at there, right.
• 18:20
  Speaker 1: Usually usually that means rates lower.
• 18:22
  Speaker 2: Right and then so now bad news is good news
• 18:26
  Speaker 2: for your mortgage rates. So that's been you know, an
• 18:30
  Speaker 2: interesting kind of caveat to pay attention to and kind
• 18:33
  Speaker 2: of to look at, you know, now we're got luckily
• 18:35
  Speaker 2: they got to open back up with the better get
• 18:37
  Speaker 2: all their stuff ready and should be good for the
• 18:38
  Speaker 2: December ten meeting. It'll be interesting to see if we
• 18:41
  Speaker 2: get an a rate drop or not now they've opened
• 18:43
  Speaker 2: back up. I'll be interested to see kind of like well,
• 18:45
  Speaker 2: the federal Federal Reserve has been open, but as far
• 18:47
  Speaker 2: as kind of where it starts shifting and kind of
• 18:49
  Speaker 2: where you get a better feel of where rates are
• 18:51
  Speaker 2: going to go and what the plan is. But you know,
• 18:54
  Speaker 2: if we get the two jobs reports and show kind
• 18:56
  Speaker 2: of what we think they're going to show, inflation should
• 18:58
  Speaker 2: show some slow downs, and hopefully we'll get that other
• 19:01
  Speaker 2: hopefull at least in their twenty five days points before
• 19:03
  Speaker 2: the end of the year.
• 19:04
  Speaker 1: Well earlier to you know, earlier in the show, I
• 19:06
  Speaker 1: talked about we had eleven twelve homes under contract in
• 19:09
  Speaker 1: the past week, and I think a lot of that
• 19:11
  Speaker 1: had to do with the government shut down, like kind
• 19:16
  Speaker 1: of the conversation it was about to be, you know,
• 19:19
  Speaker 1: finished and signed, and so I think people were now
• 19:22
  Speaker 1: a little bit more comfortable and getting off the fence,
• 19:25
  Speaker 1: and you know, I took the last six weeks putting
• 19:28
  Speaker 1: homes in our contract much more difficult.
• 19:30
  Speaker 2: Yes, didn't get We didn't talk.
• 19:32
  Speaker 1: A lot about that, you know, during the last six
• 19:34
  Speaker 1: weeks of the show, because I mean, really the market stalled,
• 19:38
  Speaker 1: just like you know all the other places, and we
• 19:40
  Speaker 1: had I was having a conversation with one of our agents.
• 19:43
  Speaker 1: One of our agent's wife works at SO Security, and
• 19:45
  Speaker 1: she's like, hey, look, she's not getting paid, like we're
• 19:49
  Speaker 1: having to like, we're having to really figure all this out.
• 19:52
  Speaker 1: It's made it super difficult.
• 19:53
  Speaker 2: Putting stuff on hold. And you know, it's one of
• 19:56
  Speaker 2: those things it's hard to talk. It's hard to really
• 19:57
  Speaker 2: kind of give updates on it because you don't know
• 20:00
  Speaker 2: so if that if just one week or two weeks
• 20:01
  Speaker 2: there was kind of an anomaly or kind of just
• 20:03
  Speaker 2: off until you get a bigger sample size. And again,
• 20:06
  Speaker 2: but this being the largest, the longest government shutdown, you know,
• 20:09
  Speaker 2: didn't really know how it was going to impact anything
• 20:12
  Speaker 2: until you kind of get to the back end of
• 20:13
  Speaker 2: it and see where it was going. But I do
• 20:15
  Speaker 2: think that to your point, over the last week, I
• 20:18
  Speaker 2: think last weekend it kind of they did it. Maybe
• 20:21
  Speaker 2: they did a trial vote on it and thought they
• 20:22
  Speaker 2: were going to have it ready. So I think most
• 20:24
  Speaker 2: people were thinking Friday this past Friday was kind of
• 20:26
  Speaker 2: the last day that it would be it opened up
• 20:28
  Speaker 2: by at least Friday. We got to open up on Thursday.
• 20:31
  Speaker 2: So to your point, I think that that news started
• 20:34
  Speaker 2: kind of reverberating throughout and people got a little more
• 20:36
  Speaker 2: comfortable and again back on what the paychecks are going
• 20:39
  Speaker 2: to be and everything else. So we've talked.
• 20:42
  Speaker 1: I've talked about the last I don't know, a few
• 20:44
  Speaker 1: months calm before the storm. Right now. I feel like
• 20:46
  Speaker 1: we're going to buyer's market, you know, obviously depending you know.
• 20:49
  Speaker 1: Interestingly enough, we had a house we listed last week
• 20:53
  Speaker 1: for offers on it at four hundred and fifty thousand Moody,
• 20:56
  Speaker 1: and so we haven't really been seeing multiple offers situations
• 21:00
  Speaker 1: as much. Right so, I still think, you know, depending
• 21:04
  Speaker 1: on the area, depending on the price points, buyer's market
• 21:06
  Speaker 1: calm before the storm. But man, if we're talking rates
• 21:09
  Speaker 1: coming down, we're coming into selling season. I'm still thinking like, hey,
• 21:13
  Speaker 1: it's going to get busy in the in the spring.
• 21:15
  Speaker 2: Yeah. I had a meeting this past week with one
• 21:17
  Speaker 2: of my mortgage insurance traps, and he was just talking
• 21:20
  Speaker 2: about he was on the same thing, like unprovoked. You
• 21:23
  Speaker 2: just like everything they're seeing and reading and all the
• 21:25
  Speaker 2: data they're getting is just like this twenty twenty six
• 21:28
  Speaker 2: is going to be and we hope so and everything
• 21:31
  Speaker 2: stays true without without well, you know, we kind of
• 21:33
  Speaker 2: had these little teases before and something kind of pulls
• 21:36
  Speaker 2: the rug out. I hope we can just let the
• 21:37
  Speaker 2: market be the market and let's just roll this thing,
• 21:39
  Speaker 2: yeah on this next spring, so that that'd be I
• 21:42
  Speaker 2: think you're dead on with it being the call before
• 21:44
  Speaker 2: the storm.
• 21:44
  Speaker 1: Yep, yep, for sure.
• 21:45
  Speaker 2: All right.
• 21:45
  Speaker 1: Also some big news this week, Yeah, talk about a
• 21:48
  Speaker 1: fifty year mortgage.
• 21:50
  Speaker 2: Fifty year mortgage, so so, our our esteemed leader, President
• 21:54
  Speaker 2: Trump dropped a kind of just a fifty year mortgage
• 21:57
  Speaker 2: on everybody's lap this past week. And you know, with
• 22:01
  Speaker 2: that became, you know, you got these headlines that's the
• 22:03
  Speaker 2: dumbest thing ever, that's terrible from like from a from
• 22:07
  Speaker 2: mister wonderful Kevin Leary. He was on CNN or something
• 22:10
  Speaker 2: about it, and he was kind of wearing it out
• 22:12
  Speaker 2: about how how ridiculous it was. You know, people have
• 22:17
  Speaker 2: a lot of questions about it right now, it's just
• 22:18
  Speaker 2: something Trump said, right, I mean, and so are there
• 22:22
  Speaker 2: some benefits to it? There could be. Are there some drawbacks? Yes,
• 22:27
  Speaker 2: and so we'll see how it unfolds. I do remind
• 22:30
  Speaker 2: some people we have a forty year mortgage now, we
• 22:32
  Speaker 2: have for you know, probably over a decade. And I
• 22:34
  Speaker 2: don't think I've put one person. I don't think one
• 22:37
  Speaker 2: person's Yeah, really there's there's It's not for all programs
• 22:41
  Speaker 2: and everything else, but there's there. There are certain people
• 22:42
  Speaker 2: that qualify for forty year mortgage currently and and I
• 22:45
  Speaker 2: don't think I've done one. There's just not there's not
• 22:49
  Speaker 2: a huge benefit on the it almost gets knocked out,
• 22:54
  Speaker 2: so that by the interest you're saving as far as
• 22:58
  Speaker 2: the monthly payment goes, you're putting so little to principle,
• 23:01
  Speaker 2: but also with you extending it out makes it riskier,
• 23:03
  Speaker 2: so the mortgage insurance is higher. So the money you're
• 23:05
  Speaker 2: saving on the interest rate, if you're not putting twenty
• 23:07
  Speaker 2: percent now I pen two percent down, there's still money
• 23:09
  Speaker 2: to be saved there. But you know, are you really
• 23:10
  Speaker 2: worried about if you've got the twenty percent to put down.
• 23:13
  Speaker 2: Do you really need the payment strung out over fifty years?
• 23:15
  Speaker 2: I mean, so there's a couple of things there. It's
• 23:19
  Speaker 2: just right now. Hey, there'll be a lot to work
• 23:22
  Speaker 2: through if they end up working out something with it.
• 23:24
  Speaker 2: I don't have a problem with it either way, because again,
• 23:25
  Speaker 2: it's kind of like the marry the house date the
• 23:27
  Speaker 2: rate thing. I mean, it's the same thing you're gonna reap.
• 23:29
  Speaker 2: The average life of mortgage is six years. They're not
• 23:32
  Speaker 2: gonna have the mortgage for fifty years either way.
• 23:34
  Speaker 1: So well, I can tell you from my experience, I
• 23:36
  Speaker 1: don't like the sign of a fifty year mortgage nose.
• 23:38
  Speaker 1: I mean, you're signing a document saying that you are
• 23:41
  Speaker 1: going to do this unless you pay it off.
• 23:42
  Speaker 2: Take all the money you're running off the balance sheets
• 23:45
  Speaker 2: and making on tariffs, and buy more mortgage backed securities
• 23:47
  Speaker 2: and get the rates down.
• 23:48
  Speaker 1: That's how you do it there, that's cross country mortgage
• 23:52
  Speaker 1: of how we get interest sight.
• 23:54
  Speaker 2: We've done it before.
• 23:55
  Speaker 1: Hey, go to Gustygoulisgroup dot com. Go to Bradsmithlans dot com.
• 24:00
  Speaker 1: We would love to help you with either buying or
• 24:03
  Speaker 1: selling a house. Thanks so much for joining us. We'll
• 24:05
  Speaker 1: catch you, next time.
• 24:06
  Speaker 2: Peace,