0:00:00.000,0:00:01.910 Hey Everyone![br]It's time for your Treasure Valley 0:00:01.910,0:00:03.460 housing market update. 0:00:03.462,0:00:06.362 So, I have been going on a ton[br]of listing appointments, and 0:00:06.372,0:00:08.822 the number one hesitation[br]that I get out of those listing 0:00:08.832,0:00:11.492 appointments are[br]potential sellers that are[br] 0:00:11.494,0:00:16.304 scared to purchase a home.[br]The reason for that is that they 0:00:16.304,0:00:18.594 feel they will have no place to live.[br] 0:00:18.594,0:00:21.054 But, I'm going to break it down for you[br]right now. 0:00:21.054,0:00:25.334 So, the reason why right now[br]is the best time to sell and also 0:00:25.334,0:00:28.544 purchase a home, is because[br]this is the height of the market. 0:00:28.544,0:00:34.084 So, right now, the housing market[br]is only scheduled, or "predicted" is 0:00:34.084,0:00:37.114 probably a better word,[br]to increase 3% in comparison to 0:00:37.114,0:00:37.994 last year. 0:00:37.994,0:00:41.394 Last year, there was an 8-12% increase[br]across the U.S. 0:00:41.394,0:00:45.394 This year we are only trending to do 3%[br]of an increase. 0:00:45.394,0:00:48.504 So, we have hit the top.[br]Not only that, the Feds have also 0:00:48.504,0:00:50.364 stated that they aren't raising [br]rates. 0:00:50.364,0:00:53.434 Therefore, the interest rate[br]is still low. Therefore, giving 0:00:53.434,0:00:57.434 sellers, first time home buyers,[br]and any sort of buyer, actually, 0:00:57.434,0:00:58.834 more buying power. 0:00:58.834,0:01:01.574 When that interest rate goes[br]up that means there is less[br] 0:01:01.574,0:01:04.924 money you will have available[br]to get in to homes. Therefore, 0:01:04.924,0:01:07.704 pricing you out of certain price[br]points. 0:01:07.704,0:01:11.704 So, if you are looking into a particular[br]area, such as: the north end, southeast boise, 0:01:11.704,0:01:17.244 the bench, right now is the best time[br]to capitalize on your buying power 0:01:17.244,0:01:20.314 as well as that low interest rate.[br]So, selling your house is the 0:01:20.314,0:01:21.274 better play. 0:01:21.274,0:01:24.764 Also, because you free up equity[br]from your home, 0:01:24.764,0:01:27.124 you get to use that towards[br]your home purchase. 0:01:27.124,0:01:30.264 So, it increases your buying [br]power even more. 0:01:30.264,0:01:33.004 So, I hope that helps you![br]If you have any questions 0:01:33.004,0:01:37.004 make sure you shoot me[br]a message as well as ... Um, 0:01:37.004,0:01:38.374 or you can also e-mail[br]me, I'll make sure to link 0:01:38.374,0:01:39.464 it up top. 0:01:39.464,0:01:42.104 But, other than that, make[br]sure you also 0:01:42.104,0:01:44.544 subscribe to my YouTube channel.[br]I'll link it too. 0:01:44.544,0:01:45.924 Lots of links happening actually. 0:01:45.924,0:01:48.824 But, if you guys have any questions[br]make sure you reach out to me, 0:01:48.824,0:01:50.154 and lets get them sorted. 0:01:50.154,0:01:53.274 I hope you guys have a great[br]rest of your week. And guys 0:01:53.274,0:01:55.255 As always, it's[br]Real Estate with Tazz 0:01:55.255,0:01:58.515 here to help you buy, or sell[br]your next home.