The results are in and change is in the air. There is a new president coming whether you like it or not. That means we are all in for a lot of change for us Realtors® . I wanted to put together some of my thoughts and advice to help you find success in the "New Golden Age". We are all wondering what is Elon Musk, RFK Jr., Vance, Vivek, and others going to do to bring upon their promises.
First off it is really on we the people to make a country great and has always been. Good old fashioned hard work, relationship building, and constant follow up is still the way to success. Now with this new "Golden Age" the reason people are hyped up for real estate is they believe that we will see government spending get reigned in and hopefully lower interest rates.
With the reduced national spending the hope would be to reduce the national debt. Reducing debt and finding success would lead to an increase in the value of a dollar. This type of growth is something that excites investors. That means now is the time to be talking with clients and understanding we may be close to another property boom. Be careful with the way you talk about it because we all are in for the ride. We will have to wait and see if the promises are kept in January.
Lower interest rates mean prices will start to surge again. Though unlike most growth years people have inventory tied up waiting on lower rates to surge. This could lead to increased inventory during a seller's market. With the amount of over asking transactions due to pent up buyer demand we may see prices surging to the likes of which we have never seen before.
The people have spoken and the markets have responded. Buckle up and get ready for the rally of a lifetime. This election bothered some people and made others joyous. My advice is let's get over our differences as Realtors® and use this growth cycle to "Make America Great Again".
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