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