Latest / Bought Borrowed and Sold / Homes are still selling, even if rates are still unchanged
Transcript
- 0:00Speaker 1: All right, welcome to ball Bart and Soul. Thanks for
- 0:03Speaker 1: joining us on this fine. I guess upcoming summer day.
- 0:10Speaker 1: I know summer's not officially here, but it sure does
- 0:12Speaker 1: feel like.
- 0:13Speaker 2: It feels it. So school's out, it's summer. Man.
- 0:18Speaker 1: We we've been busy, you know, you just never know
- 0:23Speaker 1: like summertime. Like some weeks are like busy, some weeks
- 0:25Speaker 1: are not so busy. We had We're gonna be sharing
- 0:29Speaker 1: about a success story, you know, once it closes. But
- 0:33Speaker 1: I do want to talk about one house that we
- 0:37Speaker 1: talked about that was open last week and I've got
- 0:41Speaker 1: a little bit of success story for a contract. Yeah,
- 0:43Speaker 1: so I want to talk about that real quick. As always,
- 0:47Speaker 1: we've got Brad Smith with Cross Country Mortgage bradsmithlons dot
- 0:50Speaker 1: com hanging out with us in the studio, and you know,
- 0:53Speaker 1: we talk about like open houses. And by the way,
- 0:57Speaker 1: we've got like six open houses today.
- 0:58Speaker 2: Holy moly.
- 1:01Speaker 1: So yeah, hopefully we'll get to see y'all at one
- 1:04Speaker 1: of the six that we've got today. But we we
- 1:07Speaker 1: listed this property, uh last week in Meadowbrook and that's
- 1:12Speaker 1: off a highway to eighty and it was a fantastic house. Uh,
- 1:17Speaker 1: it was three venteroms, three bass basement den. We were
- 1:20Speaker 1: asking four hundred thousand. Uh, was in a one acre lot,
- 1:25Speaker 1: just a and it needed updates, but great house.
- 1:28Speaker 3: Ye.
- 1:29Speaker 1: And and so we did you know, kind of our
- 1:31Speaker 1: marketing magic and our coming soon and did our preparation
- 1:34Speaker 1: and everything, and we had twelve people come through the
- 1:39Speaker 1: open house, which was awesome. That's great and ultimately one
- 1:44Speaker 1: of the by the actual one of the offers that
- 1:47Speaker 1: we received.
- 1:47Speaker 2: I met them at the open house and and we're
- 1:51Speaker 2: now under contracts.
- 1:52Speaker 1: So we had twelve people show up to the open
- 1:54Speaker 1: house and then and then a couple of days after
- 1:57Speaker 1: the open house, we ended up with three offers. That's
- 2:00Speaker 1: also on the property. And so you know, if you
- 2:02Speaker 1: listen to our show we talk about some homes, we'll
- 2:05Speaker 1: get a multiple offers.
- 2:06Speaker 2: Some do not.
- 2:07Speaker 1: Well, what was interesting is we were on the market
- 2:11Speaker 1: for five days with no offers and then on the
- 2:13Speaker 1: sixth day we got three. Right, I know, no rhyme
- 2:18Speaker 1: or reason, but uh, but that also tells you, Like
- 2:22Speaker 1: I mean I was on the phones like working with
- 2:24Speaker 1: the agents, like hey, like you know, if you if
- 2:26Speaker 1: you're interested, I need you to bring an offer in.
- 2:29Speaker 2: And so got to.
- 2:32Speaker 1: I'm super excited obviously for our seller, but it's always
- 2:36Speaker 1: fun to like meet the buyer too in advance. I
- 2:38Speaker 1: mean a lot of times we meet the buyer at closing,
- 2:40Speaker 1: but right they're they're they're pumped up, so excited about it.
- 2:46Speaker 1: But that's a little bit of a success story. Yeah,
- 2:50Speaker 1: that's awesome for the week. So that was nice to
- 2:52Speaker 1: uh nice to work on. And then also, I mean
- 2:56Speaker 1: I got to put a house in uh Wadely, Alabama
- 3:00Speaker 1: under contract.
- 3:03Speaker 2: Have you ever been?
- 3:04Speaker 1: Yeah, I'm literally you know, somewhere like near Lake with
- 3:07Speaker 1: Dowwy never heard of it. And so I had some
- 3:11Speaker 1: folks that were looking for some privacy and we found
- 3:13Speaker 1: them sixteen acres with a house and a mobile home. Yeah,
- 3:18Speaker 1: and they were looking like all over Alabama and yeah,
- 3:22Speaker 1: so they were looking for something with that privacy and
- 3:24Speaker 1: we found it.
- 3:24Speaker 2: And that's a little outside that forty five mile range.
- 3:27Speaker 1: It is, but you know they I was good, just
- 3:30Speaker 1: doing everything I could to help. That's why we got
- 3:34Speaker 1: a locked down. So yeah, I'm pretty pumped about that.
- 3:38Speaker 1: So it's been it's been a good week. And then
- 3:42Speaker 1: I'm excited about what we've got opened today. We've got
- 3:44Speaker 1: a ton of stuff that's coming up, a lot of
- 3:47Speaker 1: good things going on. So hey, well, since we've got
- 3:51Speaker 1: six homes talk about open houses.
- 3:53Speaker 2: Uh, let's go ahead and get the game going.
- 3:55Speaker 1: Some Brad with Bradsmith alones dot com cross Country Mortgage,
- 3:58Speaker 1: please tell.
- 3:59Speaker 2: The rules of the game. Yeah, Gussy's gonna go over
- 4:02Speaker 2: one of these multiple houses they've got Today's and give
- 4:04Speaker 2: you some cool properties, school zones, all that fun stuff.
- 4:07Speaker 2: But what I need, the most important piece is what
- 4:09Speaker 2: that list price is, what the purchase price could be.
- 4:12Speaker 2: I'm gonna give it the then give a potential down
- 4:14Speaker 2: payment that a ball er may make, and then Gusty
- 4:17Speaker 2: and John will guess the monthly thirty year fixed payment
- 4:20Speaker 2: principal and interest only. All right, So simple enough. So
- 4:24Speaker 2: I'm ready to roll. You're ready to roll, and so
- 4:26Speaker 2: am I. The first new listing of the week comes
- 4:29Speaker 2: in from Crestwood. I lived in Crestwood for a little while.
- 4:33Speaker 1: Eleven oh five fifty eighth Street in a Crestwood area,
- 4:38Speaker 1: built in nineteen fifty six. This is four bedrooms, three baths.
- 4:43Speaker 1: This one has been fully renovated fourteen hundred and fifty
- 4:45Speaker 1: square feet on the main level. Another eleven hundred and
- 4:48Speaker 1: fourteen square feet finished in the basement. It's got a
- 4:51Speaker 1: one car garage and did I mention fully renovated for
- 4:56Speaker 1: four hundred and forty nine thousand, nine hundred dollars four
- 4:59Speaker 1: hundred and fifty wow, to make it easy.
- 5:01Speaker 2: Yeah, that sounds like that's gonna be another success story soon.
- 5:04Speaker 2: And go in see Richie this afternoon from two to four.
- 5:08Speaker 2: Get it, Richie, all right? Four forty nine nine ten
- 5:10Speaker 2: percent down, ten percent down, get the game started.
- 5:15Speaker 1: Okay, ten percent derm, No, white picket fence on the
- 5:21Speaker 1: white picket fence does look like it has a fenced yard? Okay,
- 5:28Speaker 1: ten percent down. I got this, I got this. I'm
- 5:34Speaker 1: gonna go with twenty four, one hundred and fifty dollars.
- 5:47Speaker 2: What you thinking, John?
- 5:48Speaker 3: I think a little lower, but he was pretty specific,
- 5:51Speaker 3: so I'm gonna say twenty to eighty.
- 5:55Speaker 2: It was a little higher. It was two thousand, five
- 5:58Speaker 2: hundred and eighty six dollars. Gusty gets round one.
- 6:02Speaker 1: Mm no, no, no, oh, no, all right, all right,
- 6:10Speaker 1: h next new uh are open this afternoon from two
- 6:14Speaker 1: to four in the Warrior Area, ninety nine, thirteen hundred place.
- 6:18Speaker 1: This was built in twenty twenty three features four bedrooms
- 6:21Speaker 1: and three baths fourteen hundred and one square feet priced
- 6:25Speaker 1: at two hundred and ninety four thousand dollars. Go see
- 6:29Speaker 1: Riley Wood this afternoon from two to four in Warrior
- 6:32Speaker 1: ninety nine, thirteen hundred Place, two hundred and ninety four thousand.
- 6:37Speaker 2: Two ninety four. We're gonna stick with ten percent down, John,
- 6:40Speaker 2: ten percent down. You get to go.
- 6:42Speaker 1: First by the way to car garage. Built in twenty
- 6:45Speaker 1: twenty three. Courts, countertops, great looking floor plan, open floor plan.
- 6:50Speaker 2: There you go, two ninety four, ten percent down, thinking.
- 6:59Speaker 3: Eighteen eighty, I know I'm in eighty kick eighteen eighty,
- 7:02Speaker 3: eighteen eighty, All right, how much down?
- 7:10Speaker 2: Ten percent on two ninety four? Yeez, John said eighteen eighty.
- 7:22Speaker 2: I'm gonna go with sixteen fifty. The actual payment was
- 7:31Speaker 2: sixteen eighty nine. Round two died in. Let's go.
- 7:41Speaker 1: Also open this afternoon from two to four is seventy
- 7:44Speaker 1: five twenty Surrey Lane. We've got a brand new price
- 7:47Speaker 1: on this one, four oh ninety nine. This one is
- 7:50Speaker 1: four bedrooms, two and a half bass, full brick, two
- 7:53Speaker 1: thy nine and thirty four square feet. It's in the
- 7:56Speaker 1: English trace neighborhood of Clay And it is the Clay
- 8:02Speaker 1: Chalkville School District. Uh And in the last couple of years,
- 8:07Speaker 1: the seller has put in over sixty five thousand dollars
- 8:10Speaker 1: in improvements, including new carpet countertops, primary bath, renovation, interior
- 8:15Speaker 1: next to your paint deck, water heater, garage doors, and
- 8:19Speaker 1: a cabinet refresh And uh yeah, how about.
- 8:22Speaker 2: That four nine to nine.
- 8:24Speaker 1: Go see Tony McDaniels this afternoon from two to four
- 8:27Speaker 1: seventy five twenty Surrey Lane.
- 8:30Speaker 2: So, okay, twenty percent down. Putting twenty percent down, we
- 8:34Speaker 2: are back to gusty going first, twenty percent down. Let's
- 8:52Speaker 2: go with two thousand and fifty dollars, sticking with the fifties.
- 8:56Speaker 3: I am for today, like I like that two thousand,
- 8:59Speaker 3: but I'm gonna so I'm gonna stick with the eighties
- 9:02Speaker 3: two thousand and eighty dollars.
- 9:04Speaker 2: Two thousand and eighty dollars. The actual payment was two
- 9:06Speaker 2: thousand and ninety four dollars. John gets around three. I
- 9:13Speaker 2: got a kind of pressing it not need to keep going. Three?
- 9:18Speaker 2: Yeah there, all right, right, two to one with two
- 9:23Speaker 2: to go, all.
- 9:24Speaker 1: Right, go see Brianna Green this afternoon from two to
- 9:28Speaker 1: four in the Silver Lakes community of Helena uh Bessemer area.
- 9:36Speaker 1: This is Macadori Schools. It is twenty six eighty nine
- 9:39Speaker 1: Piedmont Drive. I sold one earlier this year on Piedmont Drive.
- 9:44Speaker 1: This one is three bedrooms, three baths, two thousand, three
- 9:47Speaker 1: hundred and two square feet on the main level, six
- 9:49Speaker 1: hundred and forty eight square feet finished.
- 9:51Speaker 2: In the basement.
- 9:51Speaker 1: It's got a din and a full bath in the basement.
- 9:55Speaker 1: Asking four hundred and fifty thousand. This one is full brick.
- 9:59Speaker 1: If you have I've been to the Silver Lakes neighborhood.
- 10:01Speaker 1: It's a great community. It's got a couple of ponds
- 10:04Speaker 1: that you can, you know, fish out of. It's got
- 10:07Speaker 1: a nature trail that you can, you know, have an
- 10:12Speaker 1: activity bike whatever. It's got two car garage. Just a
- 10:17Speaker 1: cool area, cool house, cool neighborhood. Four hundred and fifty dollars,
- 10:21Speaker 1: twenty six eighty nine Piedmont Drive.
- 10:25Speaker 2: I don't think I'm doing that one. I think that's
- 10:26Speaker 2: the four to fifty out pulled out. Oh that's right,
- 10:28Speaker 2: that's right.
- 10:29Speaker 1: So that's a great property. I did not have it
- 10:32Speaker 1: on my seat again, Yes, yes, since we already did
- 10:35Speaker 1: the four to fifty one.
- 10:36Speaker 2: It was on the list, but we were going to
- 10:37Speaker 2: do I read that good, I know where to go
- 10:39Speaker 2: with this with.
- 10:39Speaker 1: Great job, great job, all right, our next go see
- 10:43Speaker 1: Kyle Bedgood this afternoon in the Royal Grove neighborhood, also
- 10:49Speaker 1: in the Helena Bessemer area.
- 10:51Speaker 2: It is John A. Gold Road.
- 10:55Speaker 1: Four bedrooms, four and a half baths, twenty two and
- 10:58Speaker 1: ten square feet on the mainland, another on thy twenty
- 11:01Speaker 1: eight square feet finished in the basement. Uh. This home
- 11:05Speaker 1: is absolutely stunning and you've got to go check it out.
- 11:09Speaker 1: You got to go see Kyle this afternoon from two
- 11:11Speaker 1: to four four hundred and ninety thousand dollars. This was
- 11:14Speaker 1: built in twenty eighteen. By the way, nice, I have
- 11:17Speaker 1: half an acre.
- 11:18Speaker 2: Nice. Sorry, So four to ninety five percent down? Five
- 11:23Speaker 2: percent down or back to John going first, So not
- 11:28Speaker 2: a lot down on this one.
- 11:29Speaker 3: So it's pretty close to four ninety So I'm gonna
- 11:32Speaker 3: say twenty twenty seven eighty.
- 11:38Speaker 2: You said five percent down, Yes, sir, h woo, think
- 11:48Speaker 2: I'm probably low now that I think about it. He
- 11:51Speaker 2: hasn't say anything yet. You didn't lock it in. Yeah,
- 11:53Speaker 2: I mean you can update if you want to while
- 11:56Speaker 2: I'm still figuring it out.
- 11:58Speaker 1: No, now, I just stick with it whatever, All right,
- 12:03Speaker 1: I'm gonna go with.
- 12:06Speaker 2: H No, that's not it. It really doesn't matter.
- 12:10Speaker 3: It's go one dollar.
- 12:11Speaker 2: Say what'd he say?
- 12:13Speaker 3: I said twenty seven eighty, and I'm really thinking I
- 12:15Speaker 3: probably should have said twenty eight eighty.
- 12:16Speaker 2: But I'm gonna go with three thousand, John, you should
- 12:23Speaker 2: have said twenty eight eighty, but you still wouldn't have
- 12:25Speaker 2: got it. It was two thy, nine hundred and seventy two dollars.
- 12:28Speaker 2: Gusty gets round four and is up three to one
- 12:31Speaker 2: with one property to go. Hmmm, well, can't be like
- 12:36Speaker 2: the Knicks and come back on this one.
- 12:38Speaker 1: I don't open this afternoon from one to three in
- 12:43Speaker 1: the Million Dollar Lakes Community to zero eight eight zero
- 12:47Speaker 1: Sharing Drive in mccaulla. Five bedrooms, four and a half baths.
- 12:50Speaker 1: It's thirty two hundred and ninety eight square feet on
- 12:53Speaker 1: the main levels, sixteen hundred and ninety nine square feet
- 12:56Speaker 1: finished in the basement. And this one is right on
- 13:00Speaker 1: Ski Lake with one hundred feet of waterfront.
- 13:02Speaker 2: So if you.
- 13:04Speaker 1: Want a nice little lake community, a waterfront house, lake
- 13:09Speaker 1: home seven hundred and twenty five thousand dollars. It's kind
- 13:14Speaker 1: of hard to find lake waterfront.
- 13:16Speaker 2: I'm gonna say, you get seven or twenty five thousand
- 13:18Speaker 2: our house, and you get a million dollars worth of lakes.
- 13:20Speaker 2: There you go, allegedly dollar lakes. All right, all right,
- 13:24Speaker 2: seven you see Ashley stags, all right? Seven twenty five?
- 13:29Speaker 2: Ten percent down, ten percent down or back to Gusty
- 13:33Speaker 2: going first. Okay, I'm gonna go with four thousand bucks,
- 13:50Speaker 2: four thousand for Gusty.
- 13:53Speaker 3: Like those round numbers, but I gotta have the eighty,
- 13:56Speaker 3: and I'm gonna say a little higher.
- 13:57Speaker 2: Some forty forty eighty was actually four and sixty seven.
- 14:04Speaker 2: So John gets round five and loses three to two. Boom.
- 14:10Speaker 1: But that was a very good ending for you, John,
- 14:13Speaker 1: very good ending for you. So congratulations on getting two
- 14:17Speaker 1: of the five.
- 14:18Speaker 2: Do I get a copy of the home game? No,
- 14:19Speaker 2: because you didn't win the home game. Consolation, you just
- 14:23Speaker 2: that's what you get. When you consolation, you get to
- 14:25Speaker 2: keep the sticky Knights show you one round five.
- 14:27Speaker 1: So it's kind of like you know, in those baseball tournaments,
- 14:29Speaker 1: even the runners up get rings, which I don't understand.
- 14:33Speaker 2: By the way and there anyway, can we at least
- 14:36Speaker 2: get pizza after coach? Well? Can we all agree that
- 14:39Speaker 2: keeping up with a little roundly? Can we all agree
- 14:42Speaker 2: that keeping them up with rings is better than keeping
- 14:44Speaker 2: up with actual physical trophies that we used to have. Yeah,
- 14:46Speaker 2: I agree, I still have some of my trophies. Yeah,
- 14:48Speaker 2: I'm saying that they you know, that becomes a little
- 14:51Speaker 2: different of a collection after amount of time book ends. Yeah,
- 14:55Speaker 2: they do, and so but so the rings are a
- 14:57Speaker 2: little easier. Yeah, put that in that box. All right.
- 15:00Speaker 1: So I just want to talk about I've got another
- 15:02Speaker 1: new listing this week, forty six to fifty Jim Goggins Road.
- 15:06Speaker 1: This is in Dora, sitting on over half an acre,
- 15:09Speaker 1: built in ninety five, three bedrooms, two baths, fifteen hundred
- 15:11Speaker 1: and sixty square feet, asking two hundred and fifty five thousand.
- 15:16Speaker 1: Congratulations Ashley Stags on your new listing. I've got one
- 15:21Speaker 1: coming up this week in Pelham forty twenty six Saddle
- 15:23Speaker 1: Run Circle for two twenty nine to nine. This one
- 15:26Speaker 1: is a two bedroom, two bath garden home in the
- 15:29Speaker 1: Saddle Run neighborhood with one car garage. I've got a
- 15:33Speaker 1: fantastic house in Mount Olive in the Dorset Woods neighborhood
- 15:38Speaker 1: sixty one oh nine Lakeside Drives, got a bunch of updates,
- 15:41Speaker 1: four bedrooms, three and a half baths for four hundred
- 15:44Speaker 1: and seventy five thousand, including a super nice exterior fireplace,
- 15:49Speaker 1: screen porch.
- 15:50Speaker 2: And did I mention a bunch of updates?
- 15:52Speaker 1: Yeah, that's right, I did, four hundred and seventy five
- 15:54Speaker 1: thousand dollars. I've got one coming up in the Sawyer
- 15:57Speaker 1: Trail neighborhood of ross Bridge thirty two seventeen saw Your
- 16:01Speaker 1: Drive a four bedroom, three bath home for five hundred
- 16:05Speaker 1: and fifteen thousand dollars. And have you hung out in
- 16:08Speaker 1: the resort style pools that they have over in ross Bridge?
- 16:10Speaker 2: Oh?
- 16:11Speaker 1: My I have and they are super nice. I would
- 16:14Speaker 1: be there like every day if I lived over there.
- 16:17Speaker 1: So five hundred and fifteen thousand and ross Bridge then'll last,
- 16:21Speaker 1: but not least, in the Edgewood area. Three twenty Kenilworth
- 16:25Speaker 1: Drive in Homewood, Edgewood a three to two seventeen hundred
- 16:29Speaker 1: and sixty three square feet. I've got a brick tutor
- 16:31Speaker 1: with an updated kitchen for seven ninety nine hice. So
- 16:35Speaker 1: got a bunch going on. We've got a bunch of
- 16:37Speaker 1: buyer needs. I've got somebody looking for a three to
- 16:40Speaker 1: two up to one hundred and twenty thousand. I've got
- 16:44Speaker 1: somebody still looking in the Eagle Point area up to
- 16:47Speaker 1: six hundred thousand. And we still have somebody looking in
- 16:50Speaker 1: Cowba Heights or Vestavia up to three hundred thousand. Also,
- 16:55Speaker 1: i've got somebody looking in either Homewood or Vestavia up
- 16:58Speaker 1: to seven point fifty. To find them a house pretty quick.
- 17:02Speaker 1: So if you got a home that matches any of
- 17:04Speaker 1: those needs, or just want to talk about potentially selling
- 17:06Speaker 1: your home, getting a game plan together, or want to
- 17:08Speaker 1: even know your value, go to Gustygoulisgroup dot com or
- 17:12Speaker 1: call text two oh five five four two nineteen ninety six.
- 17:15Speaker 2: Hey, guess what time it is? That's right, it's testimonial time,
- 17:23Speaker 2: all right? Oh yeah, there's that beautiful music. This one
- 17:28Speaker 2: is from Laura.
- 17:30Speaker 1: Laura says Kyle butt Bedgood was invaluable during our moving process.
- 17:35Speaker 1: We bought a home with him as our agent. As
- 17:37Speaker 1: well as selling our property, he made the process extremely simple.
- 17:41Speaker 1: As well as always being a text away, his response
- 17:44Speaker 1: time was very fast and always helpful, we got a
- 17:47Speaker 1: great selling price for our home and also got a
- 17:50Speaker 1: great deal negotiated for the home we purchased. We tell
- 17:53Speaker 1: everyone we know who is looking to move to give
- 17:56Speaker 1: Kyle of calls. So, Laura, thank you for the opportunity
- 17:58Speaker 1: to represent you on buying and selling a home. And Kyle, congratulations.
- 18:02Speaker 2: On another five star review. Why not let's do another?
- 18:07Speaker 2: Let's go?
- 18:08Speaker 1: This is from Angel. Angel said, we cannot say enough
- 18:11Speaker 1: about Gusty. From the second we got his contact, he
- 18:14Speaker 1: immediately started getting to know the houses we were interested in,
- 18:17Speaker 1: and more importantly, us as people. He and Isaac worked
- 18:21Speaker 1: diligently to make sure we saw houses that matched our
- 18:23Speaker 1: preferences and also pushed us to consider so many important
- 18:27Speaker 1: factors we never would have thought about. For first time
- 18:30Speaker 1: home buyers, we could not have asked for a better experience.
- 18:33Speaker 1: So thankful for them. So Angel, thank you so much
- 18:35Speaker 1: for the opportunity to represent you finding your first home.
- 18:38Speaker 2: And gust Musty congratulations on another five star review.
- 18:46Speaker 1: Well, I like talking about the team and sometimes myself
- 18:50Speaker 1: just do it.
- 18:51Speaker 2: I love those five star reviews. Hey, yeah, they're good.
- 18:53Speaker 2: Y'all stay tuned.
- 18:55Speaker 1: We're gonna talk just to Hair a little bit on
- 18:57Speaker 1: the next segment about interest rates, real state market, but
- 19:01Speaker 1: probably more about interest rates right here on ball Barn
- 19:03Speaker 1: and Sold. Stay tuned, Welcome back to Ball Barn and Sold.
- 19:09Speaker 1: Thank you as always for joining us and listening in,
- 19:11Speaker 1: tuning in about all the things in Birmingham, Alabama, real
- 19:15Speaker 1: estate and when we talk about real estate, something that
- 19:18Speaker 1: goes along with real estate is mortgage interest rates. Yeah, Buddy,
- 19:23Speaker 1: Brad Smith with Cross Country Mortgage, have we had any
- 19:27Speaker 1: positive news over the past week on interest rates?
- 19:30Speaker 2: We have had zero positive news over the man, I
- 19:36Speaker 2: was really hoping that you were going to give me
- 19:37Speaker 2: something good news today. Well, okay, so like this this is,
- 19:41Speaker 2: this is this is a headline that I had to
- 19:43Speaker 2: just pull out just to save because this is it's
- 19:44Speaker 2: too good. Okay. Mortgage rates remain almost perfectly flat, almost
- 19:50Speaker 2: perfect almost perfectly so. So we had a little we
- 19:54Speaker 2: had a little good news, we had a little bad news,
- 19:56Speaker 2: we had a little good news, we had a little
- 19:57Speaker 2: bad news, and we're just flat. I mean, it's it
- 20:00Speaker 2: is one hundred percent hinged right now. On Like, so
- 20:04Speaker 2: our CPI and PPI numbers came out this week, so
- 20:06Speaker 2: inflation still you know, still inflation is obviously still a
- 20:09Speaker 2: thing and slowed down a little bit. The PPI numbers
- 20:12Speaker 2: were hired, and they were supposed to be almost all
- 20:14Speaker 2: of that attributed to the fuel cost and oil and energy.
- 20:17Speaker 2: You know you're talking about earlier about concrete and rock
- 20:20Speaker 2: and brick and stuff like that, going like that. No
- 20:22Speaker 2: tone with that, just the just that that cost is
- 20:25Speaker 2: right now on the petroleum and oil cost. And so
- 20:28Speaker 2: Trump made it. I think we we had a couple
- 20:30Speaker 2: other strikes going on trying to get this. So so
- 20:32Speaker 2: as long as the war is going on, I think
- 20:34Speaker 2: we're stuck here. I mean that's pretty much what everything
- 20:37Speaker 2: else is saying. And so fair enough because the other
- 20:41Speaker 2: thing constantly on everything I'm see read here and and
- 20:46Speaker 2: what I've been saying now for Phil's like I don't
- 20:48Speaker 2: know two months, three months now, at least six weeks.
- 20:51Speaker 4: But is they, uh, the the oil driver there is
- 20:58Speaker 4: all that we're tied to right now, and so every
- 21:02Speaker 4: time anything comes up with the war, so then the
- 21:04Speaker 4: new strikes.
- 21:05Speaker 2: But but they keep saying that it's going to be
- 21:07Speaker 2: short lived. So as soon as as soon as there's
- 21:09Speaker 2: there's an answer, some kind of plan in the middle
- 21:12Speaker 2: east with the on the world I ran right now,
- 21:14Speaker 2: as soon as there's some kind of plan or or
- 21:16Speaker 2: looks towards an end, we should immediately just completely make
- 21:20Speaker 2: a quick move back down. So so it's one of
- 21:23Speaker 2: those things where it's a it's an indefinite driver that's
- 21:26Speaker 2: holding them up, that that could go away at any
- 21:29Speaker 2: moment or could go on for a year, you know,
- 21:31Speaker 2: I mean, like who knows so, but but I mean
- 21:33Speaker 2: if we can get that part settled and then oil
- 21:37Speaker 2: feel good and respond, then everything else will come down
- 21:39Speaker 2: with it, and so it every that I mean, we're
- 21:41Speaker 2: literally I mean, my biggest thing right now is if
- 21:45Speaker 2: if if something happens on top of this that would
- 21:49Speaker 2: cause them to drive up, push them up more, which
- 21:53Speaker 2: is what we definitely don't want. And so right now,
- 21:55Speaker 2: I don't think that's gonna happen. But I mean right now,
- 21:57Speaker 2: because we are so stuck, no good news moving us
- 22:00Speaker 2: off this war front. That's keeping the rates where they are,
- 22:04Speaker 2: so you know, but we could always get something else
- 22:07Speaker 2: that could make it worse and so to stack on
- 22:10Speaker 2: top of it. So that's probably my only like negative
- 22:12Speaker 2: as far as I see, is like the war's got
- 22:15Speaker 2: to end. For rates to come down at this point,
- 22:18Speaker 2: but they could keep going up, they could go have
- 22:21Speaker 2: a trend to go back up. So again, no good
- 22:23Speaker 2: news but literally almost perfectly flat.
- 22:26Speaker 1: Well, the good news, even with all of that, you know,
- 22:30Speaker 1: going on in the world, there's people still looking at house.
- 22:33Speaker 2: Oh yeah, again, listen, we start going over. I mean
- 22:36Speaker 2: the last few years, we're still lower than really you know,
- 22:41Speaker 2: we're historically still in one of the all time low periods,
- 22:44Speaker 2: it being in the sixes on thirty year fixed rates.
- 22:47Speaker 2: I mean, so that that again we were just in
- 22:49Speaker 2: the fours for so long and then even saw some
- 22:52Speaker 2: threes and twos during COVID that it trained a bunch
- 22:56Speaker 2: of brains. Especially you think about all the first time
- 22:58Speaker 2: home buyers we had in that rain that never knew
- 23:00Speaker 2: of a different interest rate, right, and so it's been retraining,
- 23:03Speaker 2: and so people are this is this is a pretty
- 23:06Speaker 2: balanced market in all fairness, and so we'll just roll
- 23:09Speaker 2: with and people still buying selling house, just rolling with it.
- 23:13Speaker 1: So anyways, what I can tell you is it really
- 23:17Speaker 1: does depend on your house, and it depends on the location,
- 23:19Speaker 1: It depends on the condition, depends on the price, it
- 23:22Speaker 1: depends on so many things. So, because it depends on
- 23:25Speaker 1: a lot of stuff, you need to depend on the
- 23:27Speaker 1: Gustygoulis Group. Call us and we will build a plan
- 23:31Speaker 1: of action and get a game plan together for you
- 23:33Speaker 1: and make your real estate needs easy as possible. Go
- 23:36Speaker 1: to Gustygoulisgroup dot com or caller text two five five
- 23:40Speaker 1: four two nineteen ninety six.
- 23:41Speaker 2: Brad, thanks for being here always. Thanks. Catch you next time. Yeah,
- 23:45Speaker 2: Father's Day, next weekend. Let's go do it.