Are Real Estate Agents Hurting Right Now? (Minnesota Real Estate)

Real Estate Radio Hour

English - November 17, 2023 12:23 - 56 minutes - 51.7 MB
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Are Real Estate Agents hurting right now?
Are high rates, inflation, and other matters hurting the profession?
https://www.reddit.com/r/RealEstate/c...

Is it petty for me to expect the driveway on a new build construction to be all one color concrete?
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Waiting for rates?
Perspective: In 1971 mortgage rates were 7.33%. If you waited to purchase a home until rates went down, you waited until 1993. You would have rented for 22 years. Meanwhile, the value of real estate QUADRUPLED! During that time. Interest rates peaked in October of 1981 at 18.1% for a 30 year fixed. It was in 1998 that mortages averaged out at 6.91 percent.

Minnesota Luxury Real Estate: Lakeville
https://www.zillow.com/homedetails/11...

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