Today’s RealTrending podcast features Dave Childers, president of Keeping Current Matters. Childers talks to RealTrends’ Editorial Director Tracey Velt about today’s housing market.
The biggest question on many minds is what will happen with home prices over the next year? Will they lose value, are we about to see a crash in the real estate market? The bottom line is that the majority of experts are forecasting homes to appreciate in 2023, just at a much slower pace. The issue is some have called for depreciation, and they are getting the most attention.
Childers talks about what’s really happening in the market and how real estate professionals and leaders can use today’s market as a springboard to success.
Here is a small preview of today’s interview with Childers. The transcript below has been lightly edited for length and clarity:
Tracey Velt: It’s really important to understand the difference between 2008 and today. The amount of home equity is very, very different from the past recession. What are some other takeaways that you can share with our audience from 2008 to today that could help them navigate this market?
David Childers: Specifically from 2008, one of the big lessons learned for homeowners is that we’re gonna do this differently this time. They didn’t go out and buy the jet ski and go on vacation and do whatever they wanted to do and think, “This will never end.” The other lesson that the mortgage market and the financial markets learned is we’re not going to go and make all these exotic loan products available to customers. What we know about the last couple of years is that home prices have appreciated dramatically. And, during the pandemic, they’ve also said, “We want something different and we’re willing to pay for it.”
RealTrending features the brightest minds in real estate. Twice a month, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch.
