*TRAILER* Black Ant Strategy: Homebuyers vs. Rising Rates

Episode 2 • December 02, 2024 • 00:00:53

Hosted By

Michael Hatfield

Show Notes

*TRAILER* for full show entitled "Housing Insights: Red Ants Black Ants Housing Report"

Home Builders are optimistic, inflation is expected to ease, the economy is expected to improve, Michael believes mortgage rates will relax into the low 5 percentage points in 2025. So what will the Red Ant Sellers do in 2025 and what about the Black Ant Buyers? 

In this episode, let’s discover differences between what the “party line” projections are and what Michael believes will happen in the New Year 2025.  And why.

Please go to our youtube channel @MyRealTalkShow, that’s @MyRealTalkShow at youtube.com and touch the Subscribe and LIKE button! You can also find past-aired shows at our handle MyRealTalkShow on youtube.

The weekly Real Estate and MORE! Show of (2) 30-minute episodes airs 3 times each weekend: Saturday on San Francisco Bay Area’s largest am radio station: KSFO810am from 5:00-6:00pm and on KSFO560am from 9:00pm to 10:00pm. Real Estate and MORE! also airs Sunday mornings on KSFO560am from 0800-0900am.

The Michael Hatfield RE/MAX Team is an experienced Real Estate Broker choice for home buyers and sellers in the Bay Area. If topics of the day fascinate you, interesting people, or Bay Area real estate, you will want to tune into each episode.

View the Michael Hatfield Homes Website or contact Michael directly via email.

Show 69, Segment Two, originally airing December 7, 2024.

View Full Transcript

Episode Transcript

[00:00:02] The buyers we'll call the black ants. They're the primary home buyer dynamic in their age, between 27 and 42 years of age, and they face significant headwinds as the Federal Reserve kept raising the interest rates. Since 2022, it's just been hiking, hiking, hiking going up. And most of the buyers that are in the position to buy say, I don't want to pay that much money for going ahead and buying a home and having to pay more in my mortgage. So despite their frustrations, these buyers were still navigating a market where property property values remain relatively steady, making it clear that waiting could lead to higher costs in the long run for a home due to continued appreciation.
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