Latest / Bought Borrowed and Sold / There has never been a better time to buy... or sell!
Transcript
- 0:00Speaker 1: Hello, and welcome to Botbardon Sold and thanks so much
- 0:04Speaker 1: for joining us today. Uh, we've gonna We've got some
- 0:07Speaker 1: open houses to talk about, We've got a bunch of
- 0:10Speaker 1: new listenings to talk about, and we've been busy. We've
- 0:14Speaker 1: been busy. Brad, what's up, Brad? Cross Country Mortgage, Brad Smith,
- 0:18Speaker 1: what's going on? Man?
- 0:19Speaker 2: Man? It's fun time of year, isn't it.
- 0:21Speaker 1: It's a it is a great time of the year
- 0:23Speaker 1: baseball and real estate.
- 0:25Speaker 2: I mean, it just it's it's it's NonStop. It's just
- 0:28Speaker 2: the good thing is you get to kind of look,
- 0:30Speaker 2: I mean, not that we don't love what we do,
- 0:31Speaker 2: but it's also kind of fun to have that other
- 0:33Speaker 2: little thing to look forward to at the end of
- 0:35Speaker 2: the day, whether it's going to the baseball field or
- 0:37Speaker 2: something else. Right, But it's been it's been busy from
- 0:40Speaker 2: all all walks of life. So good stuff. And I
- 0:44Speaker 2: just I just cannot believe we're in the middle of May.
- 0:46Speaker 1: I know, so I gotta I got a message from
- 0:49Speaker 1: our our closing coordinator and she was like, all right,
- 0:53Speaker 1: here's a list of contracts for the week. She said,
- 0:59Speaker 1: Carla Dela to four contracts this week, Kyle Bedgood two
- 1:04Speaker 1: contracts this week, and then Brianna Green, Ashley Staggs, Edwin Selini,
- 1:11Speaker 1: Ritchie Alboll, and Tony McDaniels all had contracts. I know,
- 1:16Speaker 1: I had some contracts. Yeah, And some of our listenings
- 1:19Speaker 1: went under contract that we talked about last week, had
- 1:22Speaker 1: had multiple offers on the We talked about one on
- 1:25Speaker 1: Valley Place in Homewood last week, had multiple offers on it,
- 1:29Speaker 1: had a had a great open house, had multiple offers.
- 1:35Speaker 1: So we did open houses on Saturday because Mother's Day.
- 1:38Speaker 1: And then we had Meadow Garden, which is in the
- 1:42Speaker 1: Oak Mountain area, had I don't know twelve groups come
- 1:45Speaker 1: through open house. We had multiple offers on that one.
- 1:47Speaker 2: Good.
- 1:48Speaker 1: It's a lot of I mean good traffic out there.
- 1:51Speaker 1: It was a pretty weekend, it was, So that was nice.
- 1:55Speaker 1: So yeah, I mean, making some things happen. So uh,
- 2:00Speaker 1: I know, we'll get into a little bit about what
- 2:02Speaker 1: we're seeing in the market, what we're seeing with interest rates,
- 2:05Speaker 1: and you know, in our next segment. But you know,
- 2:09Speaker 1: just a quick quick blitz of hey, we're putting some
- 2:12Speaker 1: deals under contract, and our phones have been ringing and
- 2:15Speaker 1: and I've been even this week putting multiple homes under contract.
- 2:19Speaker 1: So like I've got some investors have come out of
- 2:21Speaker 1: the woodwork saying, hey, I need to get a couple
- 2:23Speaker 1: of investments.
- 2:25Speaker 2: Yeah.
- 2:25Speaker 1: Uh so you know, just a couple of things like that.
- 2:28Speaker 1: I know you've got. You actually got my aunt pre
- 2:30Speaker 1: approved for a mortgage. Uh. So it looks like we're
- 2:35Speaker 1: about to make an offer on a property. Yeah, that
- 2:38Speaker 1: one with you later. So yeah, we Yeah, things are moving,
- 2:42Speaker 1: things are moving. But since we've got a bunch of
- 2:45Speaker 1: listings coming up in open houses, I think we should
- 2:48Speaker 1: just go ahead and jump into the game. And let's
- 2:51Speaker 1: see if John, uh, how he's going to do today.
- 2:54Speaker 1: So tell the rules of the game, my friend.
- 2:57Speaker 2: Okay, So, Gus, he's going to go through some of
- 2:59Speaker 2: the new listings open high is what have you. He's
- 3:01Speaker 2: gonna go through some of the cool features of each property, location,
- 3:04Speaker 2: schools on all that fun stuff. Size. But what I
- 3:06Speaker 2: really need most important part, I need to know what
- 3:09Speaker 2: that list price is so that I understand how much
- 3:12Speaker 2: somebody they may make an offer on it. And then
- 3:14Speaker 2: I will give Gusty and John a potential down payment
- 3:17Speaker 2: and they will guess the thirty year fixed principal and
- 3:19Speaker 2: interest only monthly payment. So without further ado.
- 3:24Speaker 1: Yeah, all right, without further ado, All right, we've got
- 3:27Speaker 1: open this afternoon from two to four in the center
- 3:30Speaker 1: Point area. Six one to two twenty seventh Avenue Northwest.
- 3:35Speaker 1: This was built in nineteen sixty two. It's a three bedrooms,
- 3:38Speaker 1: two bath, fourteen hundred and thirty one square feet on
- 3:40Speaker 1: the main level, another let's see six hundred and forty
- 3:44Speaker 1: eight square feet finished in the basement, one car garage,
- 3:49Speaker 1: and it's priced below praise value. It praised for for
- 3:53Speaker 1: two oh five, so we're almost ten thousand less than
- 3:56Speaker 1: a praise value for a quick sell. So it's gonna
- 4:00Speaker 1: be open this afternoon, So go check out six one
- 4:03Speaker 1: two twenty seventh Avenue Northwest.
- 4:05Speaker 2: That's one ninety six six, one ninety six six, one
- 4:08Speaker 2: ninety six six. We're gonna start off putting. This is
- 4:11Speaker 2: such an even easy number. We're gonna put five percent down, Okay,
- 4:16Speaker 2: five percent on one ninety six six.
- 4:20Speaker 1: Yeah, okay, I'm gonna go with the let me go
- 4:28Speaker 1: with eleven seventy five.
- 4:36Speaker 3: I want to say a little lower, but not much.
- 4:39Speaker 3: I'll say eleven. I'll say eleven o six thinking about
- 4:43Speaker 3: the sixes.
- 4:44Speaker 2: It was a little lower, but it was a very
- 4:47Speaker 2: little lower. The actual payment was one thousand, one hun
- 4:50Speaker 2: and seventy four dollars, so Gusty was over by a dollar.
- 4:56Speaker 2: So you were right, though, John, you were right a
- 4:59Speaker 2: little lower. It was a just a very little really
- 5:02Speaker 2: prices rid at him. There we go. One dollar off. Okay,
- 5:06Speaker 2: good job, one.
- 5:07Speaker 1: Doll I love it. H forty four twenty one Overlook Road.
- 5:10Speaker 1: This is in Forest Park, three bedrooms, three bass It's
- 5:14Speaker 1: fourteen hundred and sixty two square feet on the main level,
- 5:17Speaker 1: another one thy twenty two square feet in the basement.
- 5:20Speaker 1: It's got a two car garage. We're asking six hundred
- 5:24Speaker 1: and twenty five thousand for it. Six twenty five. So
- 5:27Speaker 1: this is a stunning mid century modern home in the
- 5:30Speaker 1: historic Forest Bark Forest Bark, Forest Park. That's a neighborhood.
- 5:37Speaker 2: That's a great dog park.
- 5:38Speaker 1: Man, I'm telling here, all right, all right, let's see
- 5:42Speaker 1: here we go. This listing's courtesy of John Riddle.
- 5:44Speaker 2: By the way, six twenty five, ten percent down, ten
- 5:46Speaker 2: percent down, John, you get to go.
- 5:49Speaker 3: First, put down sixty two thousand dollars. So I'm gonna
- 5:54Speaker 3: say I don't know. Thir three thousand, I got nothing.
- 6:04Speaker 1: Three thousand. To say it again, how much ten percent?
- 6:08Speaker 2: Oh?
- 6:09Speaker 1: Ten percent? Hmmm and what did he say?
- 6:16Speaker 2: Three thousand.
- 6:19Speaker 3: I would not base your guests on that.
- 6:22Speaker 1: I'm gonna go with oh man, let me go thirty
- 6:31Speaker 1: three hundred and sixty four dollars.
- 6:35Speaker 2: It was actually three thousand, five hundred and thirty seven dollars.
- 6:38Speaker 2: So Gusty gets around two.
- 6:42Speaker 1: By by the way, that one's open this afternoon from
- 6:44Speaker 1: one to three and Forest Park at Forest Park, Forest Park.
- 6:50Speaker 1: This is not gonna sun. We should go like change
- 6:52Speaker 1: the sign. Yeah, I'm telling you all right. Hey, So
- 6:56Speaker 1: we've got a flash sat on this home in Edgewood
- 6:59Speaker 1: and we're going to have it open this afternoon from
- 7:01Speaker 1: two to four twenty nine to seventeen Leland Road. We
- 7:05Speaker 1: have dropped the price two hundred thousand dollars on twenty
- 7:09Speaker 1: nine to seventeen Leland Road from one point four to
- 7:11Speaker 1: five million to one point two five and we are
- 7:14Speaker 1: going to be reviewing all offers this evening. So all
- 7:18Speaker 1: offers are due at six pm. Cool uh So four bedrooms,
- 7:22Speaker 1: four and a half baths, over four thousand square feet.
- 7:26Speaker 1: It was built in twenty sixteen. It is just a
- 7:29Speaker 1: block away from the Homewood Rec Center in Central Park.
- 7:33Speaker 1: It is zoned for Edgewood Elementary School, and it's got
- 7:37Speaker 1: a two car garage, which is something that you don't
- 7:39Speaker 1: really find too much in the Edgewood area. Uh, but
- 7:43Speaker 1: this one is. This one's a fantastic, incredible and go
- 7:47Speaker 1: see Richie this afternoon from two to four, twenty nine,
- 7:51Speaker 1: seventeen Leland Road. Let's go.
- 7:53Speaker 2: I've seen the sign on that one, and it is
- 7:55Speaker 2: a gorgeous house on one point two five twenty percent,
- 8:00Speaker 2: twenty percent down, twenty percent to Gusty. Okay, let me
- 8:08Speaker 2: think about this. I'm gonna go with sixty two hundred
- 8:26Speaker 2: and seventeen dollars.
- 8:30Speaker 3: Let me go with sixty eight.
- 8:33Speaker 2: It was actually six thousand, two hundred and eighty seven dollars.
- 8:38Speaker 2: Gusty gets round.
- 8:40Speaker 1: Great, let's go all right, got another new listing of
- 8:46Speaker 1: the week. It is located at thirteen oh nine Morning
- 8:49Speaker 1: Sun Circle. These are in the Horizon Condos off of
- 8:52Speaker 1: Highway to eighty right there in Meadowbrook. Two bedrooms, two bass,
- 8:57Speaker 1: eleven hundred and twenty one square feet, priced at one seven.
- 9:01Speaker 1: This is on the main level of the condo complex.
- 9:05Speaker 1: So you've got a basement level, a main level, and
- 9:07Speaker 1: an upper level.
- 9:08Speaker 3: Uh.
- 9:08Speaker 1: And so main level, it's got a nice deck. They've
- 9:12Speaker 1: got uh he put in new windows, he put in
- 9:16Speaker 1: new vanities, and uh, this one's good to go. Also,
- 9:20Speaker 1: the neighborhood, the HOA has done an incredible job over
- 9:23Speaker 1: the last i'd say three or four years, doing a
- 9:26Speaker 1: lot of things in that neighborhood. They've got a community pool,
- 9:28Speaker 1: they've got tennis courts, they've got I think they've got
- 9:32Speaker 1: a dog park in the neighborhood. They've got a bunch
- 9:35Speaker 1: a dog park. They've got a forest bark. So thirteen
- 9:39Speaker 1: o nine Morning Sun Circle one.
- 9:42Speaker 2: One seventy nine nine. We're gonna put ten percent down, John,
- 9:45Speaker 2: ten percent down, percent down.
- 9:48Speaker 3: Okay, I'm gonna say.
- 9:52Speaker 2: Does your will will.
- 9:53Speaker 3: Have I want to, I want to, you know, do
- 9:56Speaker 3: it right. I'm gonna say nine hundred and.
- 10:01Speaker 2: Sixty nine sixty for John?
- 10:06Speaker 1: All right, how much down?
- 10:08Speaker 2: Ten percent?
- 10:11Speaker 3: Just like our song.
- 10:12Speaker 1: Mmm, I like it. This one does not have a
- 10:15Speaker 1: white picket fence, by the way. Okay, let's go with
- 10:22Speaker 1: he said how much nine eighty he said nine sixty
- 10:25Speaker 1: Oh he said, nine to sixty like our frequency on
- 10:27Speaker 1: the AM dial. Okay, I'm gonna go with the thousand
- 10:33Speaker 1: twenty five. It was like another sister station.
- 10:39Speaker 2: Well, what station is one zero one eight, because that's
- 10:43Speaker 2: the payment I don't have, So Gusty gets round.
- 10:47Speaker 1: Four clean, clean sweep, potentially half.
- 10:50Speaker 2: Thy eighteen one thousand eighteen.
- 10:53Speaker 3: There's there's no one to one point eight on the
- 10:54Speaker 3: FM dial.
- 10:55Speaker 1: Yeah, okay, all right, hey got another new listening. This
- 10:58Speaker 1: is going to be our finale for the least this game.
- 11:05Speaker 1: But we've been talking about this listing coming up a
- 11:08Speaker 1: few weeks off of Kabba Valley Road in Indian Springs.
- 11:10Speaker 1: It's thirty forty Kabba Valley Road. This one is on
- 11:13Speaker 1: five point four acres and it's some of the most
- 11:16Speaker 1: beautiful land I've seen in the Greater Birmingham area. It
- 11:20Speaker 1: backs up to Oak Mountains, backs up to a creek.
- 11:24Speaker 1: You can have horses. This one is thirty five hundred
- 11:28Speaker 1: square feet and five bedrooms, five baths. It's got an
- 11:33Speaker 1: unfinished basement so you can add in more square feet
- 11:35Speaker 1: in the basement. Home was built in nineteen seventy one
- 11:39Speaker 1: and just really one of the most it's been a
- 11:44Speaker 1: while since I've been this excited about one of our listings.
- 11:46Speaker 1: At one point six nine to five million, one million,
- 11:49Speaker 1: six hundred and ninety five thousand, and uh, just a
- 11:52Speaker 1: cool opportunity to have one of just an estate off
- 11:56Speaker 1: of Cobba Valley Road in Indian Springs.
- 11:58Speaker 2: Nice. Yeah, gonna put twenty percent down, twenty percent down.
- 12:08Speaker 1: Okay, is it on me? I guess it is on you,
- 12:10Speaker 1: all right, Not that it makes a difference.
- 12:14Speaker 2: Yeah, yeah, Oh boy, oh boy, oh boy.
- 12:25Speaker 1: I'm gonna go with eighty four seventeen.
- 12:34Speaker 3: Yeah, I think that's I was gonna say. I know
- 12:36Speaker 3: this is more than the one we had that was
- 12:37Speaker 3: a one point twenty five million, So I'll say eighty two.
- 12:43Speaker 2: The actual was eight thousand, five hundred and twenty six.
- 12:47Speaker 2: It was a clean sweep five and oh for Gusty today.
- 12:50Speaker 1: Let's go, let's go. All right, Hey, we've got some
- 12:56Speaker 1: other new listenings. I'm gonna quickly talk about belt. We've
- 13:01Speaker 1: got a new listing in Kolera two thirty seven. The
- 13:04Speaker 1: height drive, three bedrooms, two bass, eleven hundred and twelve
- 13:06Speaker 1: square feet, and we are asking one's seventy nine nine
- 13:09Speaker 1: ninety nine That listing is courtesy of Walker Gant Walker,
- 13:12Speaker 1: congratulations on your new listing. We've got one coming up
- 13:15Speaker 1: at twenty four oh seven or actually have gone live
- 13:18Speaker 1: in the San Gria Condos twenty four oh seven Arlington
- 13:21Speaker 1: Crescent Unit D A, one bedroom, one bath, seven hundred
- 13:24Speaker 1: and seventy square feet one hundred and eighty two thousand,
- 13:27Speaker 1: and Uh. What I like about these is you've got
- 13:29Speaker 1: beautiful views of downtown Birmingham. This one's been updated courts, countertops,
- 13:35Speaker 1: stainless appliances and custom cabinets all right. And uh, we've
- 13:41Speaker 1: also got one coming up in that has gone on
- 13:43Speaker 1: the market in Hayden twenty three ninety six Redhill School Road,
- 13:47Speaker 1: three bedrooms, two bass, fourteen hundred and fifty square feet
- 13:50Speaker 1: on an acre lot, built in twenty seventeen and we're
- 13:53Speaker 1: asking two thirty two five. That listing is courtesy of
- 13:56Speaker 1: John Michael Brandon. So congratulations on your new listing. By
- 13:59Speaker 1: the way, that's grea condo listing as courtesy of Daileen Carter.
- 14:03Speaker 1: So Daily, congratulations on your new listing. That Kaba Valley
- 14:07Speaker 1: Road is listed by Kyle Bedgod just just wanted to
- 14:11Speaker 1: share that as well, and We've got some other things
- 14:14Speaker 1: that are coming up. We've got one coming up in
- 14:15Speaker 1: Trace Crossings in Hoover. We've got one coming up in Blackridge.
- 14:20Speaker 1: The Foothills at black Ridge is going to be coming
- 14:23Speaker 1: up for seven to fifty. The one in Trace Crossings
- 14:26Speaker 1: is going to be five ninety. And we've got a
- 14:30Speaker 1: couple of buy our needs. So we've got somebody still
- 14:32Speaker 1: looking in the Liberty Park Vestavia area up to five sixty.
- 14:36Speaker 1: We've got somebody looking in Vestavia, Liberty Park, Mountain Brook
- 14:39Speaker 1: or Cabba Heights up to seven hundred. We've got somebody
- 14:42Speaker 1: looking in Griffin Park or Eagle Point. This is in
- 14:44Speaker 1: the Oak Mountain area up to six hundred. We've got
- 14:48Speaker 1: somebody looking for a town home in either Caaba Heights
- 14:50Speaker 1: or Vestavia up to three point fifteen. We've got somebody
- 14:54Speaker 1: looking in Leeds Moody or pel City up to one
- 14:57Speaker 1: fifty and pretty much which is always. We're always looking
- 15:01Speaker 1: for something in the Edgewood School district of Homewood. So
- 15:06Speaker 1: that's some of the VIP buyers that we've got. You
- 15:08Speaker 1: can always go to a gustygoulisgroup dot com, or you
- 15:10Speaker 1: can call or text two O five five four two,
- 15:13Speaker 1: nineteen ninety six. We would love to talk to you
- 15:16Speaker 1: about your potential home and build a plan of action
- 15:19Speaker 1: around that. Or maybe you're looking at buying your first home,
- 15:22Speaker 1: so you know, we'll just have a conversation see how
- 15:25Speaker 1: we can be of service to you. Hey, guess what
- 15:29Speaker 1: time it is? That's right, little delayed, but it's testimonial time.
- 15:37Speaker 1: I think I caught Old John on surprise. Oh you
- 15:40Speaker 1: didn't I press the button? I looked out so look
- 15:43Speaker 1: I gave the computer it just you like, come on,
- 15:45Speaker 1: come on all right? Uh, this one is from doctor Hosain.
- 15:51Speaker 1: I had an outstanding experience working with the Gustygoulis group
- 15:53Speaker 1: from start to finish. The team was professional, responsive, and
- 15:57Speaker 1: truly committed to helping me navigate every step of the
- 15:59Speaker 1: process with confidence. Their knowledge of the market and attention
- 16:03Speaker 1: to detail made a huge difference, and I always felt
- 16:05Speaker 1: like I was in good hands. Communication was clear and timely,
- 16:08Speaker 1: and they were always willing to go the extra mile
- 16:10Speaker 1: to make sure everything went smoothly. I would highly recommend
- 16:13Speaker 1: Gusty Googlist Group to anyone looking for a reliable, experience
- 16:17Speaker 1: and dedicated real estate team. Oh doctor Hosain Thank you
- 16:21Speaker 1: so much for the opportunity to help you with your
- 16:23Speaker 1: real estate needs. And the Gusty Goolis group. Congratulations on
- 16:28Speaker 1: another five star reviews. I like them five stars, love
- 16:33Speaker 1: them all every week everyone, I just want one more
- 16:38Speaker 1: at least every week. That's my new that's my one. Yep,
- 16:41Speaker 1: that's right. Yeah. All right, Well we're gonna go to
- 16:47Speaker 1: break y'all. Stay tuned. We're gonna talk a little bit
- 16:49Speaker 1: more about what we're seeing in the real estate market,
- 16:51Speaker 1: what we're seeing on interest rates right here on balt
- 16:54Speaker 1: Bard and Soul. Stay tuned. All right, Welcome back to
- 16:59Speaker 1: Balt bar and Sold, and thanks so much for joining us.
- 17:05Speaker 1: I know there's been a lot going on in the
- 17:07Speaker 1: real estate market. We told you, you know in our
- 17:09Speaker 1: last segment. I think we put like fifteen plus homes
- 17:12Speaker 1: under contract over the last week. And you know an
- 17:17Speaker 1: important piece of that is mortgage interest rates. Any good
- 17:22Speaker 1: news this week, my friend Brad Smith with Cross Country Mortgage.
- 17:26Speaker 2: No, not real. I mean there wasn't no, there wasn't
- 17:29Speaker 2: really good news. It was just pretty much par for
- 17:31Speaker 2: the course. I mean, technically we are at a six
- 17:34Speaker 2: week high on the mortgage rate. Yeah, so I mean
- 17:38Speaker 2: it's technically higher, but when we say higher, I mean
- 17:40Speaker 2: we're talking about hundreds of a percent, I mean hundreds
- 17:43Speaker 2: of a point, you know, tenths of a point. So
- 17:46Speaker 2: I mean, you know, we're still just kind of holding water.
- 17:50Speaker 2: I have found it a little interesting. I mean, I
- 17:52Speaker 2: think I think we're going to start getting some benefits.
- 17:55Speaker 2: I mean, I had a conversation this week with a
- 17:56Speaker 2: borrower and they were kind of like, so we lock
- 17:59Speaker 2: or float and they're not closed in the middle of June,
- 18:00Speaker 2: and I just said, I mean, it depends on your risk.
- 18:02Speaker 2: But I mean I feel like personally, we're we're kind
- 18:06Speaker 2: of already at the ceiling of where we're going with
- 18:09Speaker 2: this thing. Now. Whether it holds for the next two weeks,
- 18:12Speaker 2: two months, three months, whatever and stays there, that's fine.
- 18:15Speaker 2: But I can only see like some news cycles potentially
- 18:18Speaker 2: helping and getting the rates down. So I'm not really
- 18:20Speaker 2: rushing people to lock right now if they're not, if
- 18:23Speaker 2: they're not wanting to, I mean I'm not, I'm not,
- 18:25Speaker 2: but I'm making sure, you like to kind of make
- 18:28Speaker 2: sure they understand all the information. And then everybody's got
- 18:31Speaker 2: different you know, risk thresholds. If they're you know, if
- 18:33Speaker 2: they're good with it, we'll lock it. But I do
- 18:35Speaker 2: want to make sure they're informed and kind of understand, like, hey,
- 18:38Speaker 2: we've been around six point four to six and a
- 18:40Speaker 2: half for about the last six weeks and it's just
- 18:43Speaker 2: really been kind of just ping ponging in there. And
- 18:47Speaker 2: so we got some you know, uh, we're meeting with
- 18:51Speaker 2: with some other international leaders. I know, Trump's meeting with
- 18:54Speaker 2: with z uh and going over some stuff. So we're
- 18:56Speaker 2: hoping that kind of gets some good like maybe some
- 18:59Speaker 2: some good, some some good kind of framework for getting
- 19:02Speaker 2: us to another world. But I did find this interesting
- 19:05Speaker 2: is that that is as much as the war has
- 19:08Speaker 2: impacted the the barrel of oil and the petroleum imports,
- 19:14Speaker 2: one of the things that's that that I did find
- 19:16Speaker 2: interesting was it already had started that the oil had
- 19:19Speaker 2: already kind of started going that way in February before
- 19:23Speaker 2: the war, and that was in its tribute to the
- 19:24Speaker 2: capital goods and industrial materials that go into produce on
- 19:27Speaker 2: the petroleum that that they are getting ramped up more.
- 19:30Speaker 2: And actually in April, the the spike in the petroleum
- 19:35Speaker 2: cost was more on the industrial cost than the actual
- 19:40Speaker 2: the importing from the war. And I ran, So we
- 19:42Speaker 2: got two things that are holding them up now. It
- 19:45Speaker 2: but but again, once you free all that up, or
- 19:48Speaker 2: start freeing more of the petroleum up, then it'll help
- 19:51Speaker 2: mortgage rates get back down. So that's still the main
- 19:53Speaker 2: driver of what we need to kind of happen. But
- 19:55Speaker 2: other than that, there's just not i mean everything else.
- 19:59Speaker 2: The retail sales on the on the on inflation side
- 20:02Speaker 2: of things came in right where it was expected. This
- 20:05Speaker 2: past week. Job jobs were a little weaker than expected,
- 20:11Speaker 2: and again that would have helped helped move the rates
- 20:13Speaker 2: down a little bit if we were in a normal market.
- 20:15Speaker 2: But again, the the war and the petroleum costs the
- 20:18Speaker 2: driver of all this right now.
- 20:19Speaker 1: Yeah, yeah, it's so interesting all this this world. Well
- 20:24Speaker 1: what what what goes into the you know, just like
- 20:28Speaker 1: the one little small thing can make such a big
- 20:30Speaker 1: difference on an interest rate. And it's just like, look,
- 20:32Speaker 1: I'm just trying to buy a house, and why does
- 20:35Speaker 1: this petroleum and uh, you know the country will never
- 20:39Speaker 1: go to is impacting my interest rate at my house
- 20:42Speaker 1: exactly in Birmingham, Alabama.
- 20:44Speaker 2: It's amazing how all the how all the little things
- 20:47Speaker 2: that make up you know, your macro and microeconomics and
- 20:50Speaker 2: everything else that that all the little things that tug here.
- 20:53Speaker 2: You know, it's like everything else. If you get take
- 20:55Speaker 2: from somewhere, it's got to it's got to go somewhere else.
- 20:57Speaker 2: If you if you take it, take away, it's you
- 20:59Speaker 2: got to give it. And so it's that same thing.
- 21:01Speaker 2: It's the same thing. It's just crazy. Sois what it's
- 21:03Speaker 2: all tied to and what drives it. So it's interesting,
- 21:07Speaker 2: but it's it's just where. But it's where we are.
- 21:09Speaker 1: That's right, that's right.
- 21:10Speaker 2: Well well, but so that's basically that's that's my rate update.
- 21:13Speaker 1: Yeah, no, that that Look, hey, I think it's always helpful.
- 21:17Speaker 1: You know, hopefully this is going to be you know,
- 21:19Speaker 1: something that that you know, we'll start seeing some decrease.
- 21:23Speaker 2: I'm waiting to be here on Sunday morning and tell
- 21:25Speaker 2: you how about the week. We had a great recovery
- 21:27Speaker 2: and I can't wait. And we've and we've opened up
- 21:29Speaker 2: the straight of her news and mortgage rates for at
- 21:32Speaker 2: six percent. So I'm ready. I'm ready for that to
- 21:34Speaker 2: get back into the into the conversation.
- 21:37Speaker 1: Yeah for sure.
- 21:37Speaker 2: So I'm ready for that Sunday to come up.
- 21:41Speaker 1: I will tell you that, you know, based on what
- 21:43Speaker 1: we've been seeing in the real estate market. You know,
- 21:45Speaker 1: homes that are priced well are are getting shown, and
- 21:49Speaker 1: you know, I think if this is if it's something
- 21:53Speaker 1: that hasn't really gotten an offer in the last thirty days,
- 21:57Speaker 1: it's probably something that's either overpriced, or it needs some updates,
- 22:03Speaker 1: or you know, there's a condition issue. But for the
- 22:07Speaker 1: most part, you know, typically it's going to be price.
- 22:10Speaker 1: Condition is going to be the main two things. And
- 22:15Speaker 1: you can change those. You can't really change location. It's
- 22:18Speaker 1: not unless you get a trailer and you just hook
- 22:20Speaker 1: it up, you know, to the back of the tundra. Yeah,
- 22:23Speaker 1: you just roll it on out. But yeah, I mean,
- 22:28Speaker 1: I'll tell you, like I've been over the last week,
- 22:31Speaker 1: I've been very happy with what I've been seeing in
- 22:34Speaker 1: the markets. And I think we're gonna still have some
- 22:38Speaker 1: you know, I think I think the next you know,
- 22:41Speaker 1: a couple of weeks are going to be pretty busy.
- 22:43Speaker 1: You know, Memorial Day, like that's kind of a weekend
- 22:47Speaker 1: that you know, people start, you know, school's ending, people
- 22:50Speaker 1: start going out of town. There's gonna be a lot
- 22:53Speaker 1: more ups and downs in the real estate market, just
- 22:55Speaker 1: because of the people going in and out of town.
- 22:58Speaker 1: So like I think up until then, like over this
- 23:01Speaker 1: week is going to be slammed busy. You know, got graduations,
- 23:06Speaker 1: We've got a bunch of stuff going on, and then
- 23:08Speaker 1: it's kind of like pot luck. You just don't know.
- 23:10Speaker 1: So some weekends I've just found are like super hot
- 23:14Speaker 1: and then some weekends are just super not. And it's
- 23:17Speaker 1: gonna be hard to say so yeah, So but I'm excited.
- 23:21Speaker 1: We've got some we've got some great stuff coming down
- 23:23Speaker 1: the pipeline from a listing standpoint, and uh yeah, I
- 23:27Speaker 1: mean I'm very happy with where business is.
- 23:30Speaker 2: Yeah, yeah, And I think I think I think we
- 23:32Speaker 2: had a little bit of that, Like we talked about
- 23:33Speaker 2: that calm before the storm. We had a little bit
- 23:35Speaker 2: of that where we had people getting ready when rates
- 23:37Speaker 2: were down, and then a little people were going to
- 23:39Speaker 2: do something though this spring, So they may have waited
- 23:41Speaker 2: an extra month or so before pulling the trigger, maybe
- 23:43Speaker 2: took it back, But now they're back off the fence
- 23:45Speaker 2: and ready to roll. And so I think I think
- 23:48Speaker 2: we've got a little bit of log inn maybe what
- 23:49Speaker 2: we didn't capture earlier in the spring, we thought we
- 23:52Speaker 2: might help get us in May and and everything else.
- 23:55Speaker 1: So it's it's exciting, cool, awesome. Well, hey, thanks so
- 23:57Speaker 1: much for joining us. UH to get reprove bradsmithlones dot
- 24:01Speaker 1: com or for any of your real estate needs gustygooglessgroup
- 24:04Speaker 1: dot com. Thank you so much for joining us. Catch
- 24:07Speaker 1: you next time.