Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

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Rainmaker
2,878,576
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It may play a part - low inventory with high demand likely plays a larger role. 

Jul 26, 2020 03:17 PM
Rainmaker
2,741,827
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

I would think it's more driven by low inventory as well as desire to get to better living conditions for many (due to covid).  I would assume that low interest rates allows people to afford more and may even allow higher ends of most markets to do well as well.

Jul 26, 2020 01:37 PM
Rainmaker
4,869,669
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Will,

That is probably one part of the reason, the other is shortage of inventory.  Each market is different.  A

Jul 26, 2020 11:06 AM
Ambassador
2,955,054
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I think it has more to do in my market with little inventory than low rates.

Jul 26, 2020 02:04 PM
Rainmaker
1,023,766
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Low Rates + Low Inventory X COVID motivated to move = Prices on the Rise.

 

Jul 26, 2020 11:27 AM
Rainmaker
784,936
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I am seeing price drops here. Yesterday a home dropped $100,000.00 in price. People are still overpricing.

Jul 26, 2020 10:43 AM
Rainmaker
5,828,024
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Smart consumers are anxious to take advantage of the very attractive mortgage interest rates. 

Jul 26, 2020 09:58 AM
Rainmaker
774,743
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Low interest rates are part of the reason that buyers are buying and owners are refinancing, Will Hamm 

Inventory also continues to be low in the face of strong buyer interest. Aggressive pursuit by buyers to become homeowners is exerting upwards pressure on prices paid to acquire said homes.

Jul 26, 2020 09:50 AM
Ambassador
4,704,615
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

More likely just Economics 101

 

Jul 27, 2020 12:19 AM
Rainmaker
2,551,763
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Oh you bet...math doesn't lie and people are buying, investing and selling

Jul 26, 2020 02:22 PM
Rainmaker
1,611,142
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

lack of inventory & the low interest rates. We are down to a 1/2 month to 1.5 months depending on the towns. Slim pickens.

Covid just stopped our market here from really rolling like a fire ball. Who's knows how it would have turned out.

Jul 26, 2020 09:51 AM
Rainmaker
423,919
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I think that's part of the reason, also a low inventory of homes in the lower price range here. 

Jul 27, 2020 09:39 AM
Rainmaker
719,399
Peter Mohylsky. The Santa Rosa Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN

Lack of quality inventory and increased demand.  The template for borrowing is getting smaller and smaller.  (tightening lending requirements)

Jul 27, 2020 05:01 AM
Rainmaker
867,038
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I think the combination of low inb=ventory, high demand and low interest rates are the cause

Jul 27, 2020 02:40 AM
Rainmaker
1,839,177
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No, same for condos, no changes.

Jul 27, 2020 08:53 PM
Rainmaker
1,389,190
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No, not in our area. Prices are not rising.

Jul 27, 2020 10:01 AM
Rainmaker
3,168,043
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is sure helping, that with the fact we have more buyers than homes for sales. Prices are going up quickly. 

Jul 27, 2020 06:11 AM
Rainmaker
4,343,378
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In Denver, we still have reluctant and nervous Sellers that don't want to list so to keep people out of their homes.   COVID is some of the reason and serious low inventory is the culprit.

Jul 27, 2020 05:26 AM
Rainmaker
3,597,610
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Low interest rates are a help but prices are more dictated by supply and demand.

Jul 27, 2020 05:18 AM
Rainmaker
332,584
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Supply & Demand ~ We are seeing multiple offers, bidding wars due to low inventory.

Jul 27, 2020 03:37 AM
Rainmaker
1,997,602
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

You are the expert in your local real estate market Will Hamm ... Our prices in mine have not raised but pace of sales have. Because less inventory, like musical chairs. The buyer is more motivated to find a house with whatever there is for current inventory. Folks have discovered working from home but telecommuting from Maine is a common goal of more. It's not interest rates causing it when it is a cash sale. 

Jul 26, 2020 06:56 PM
Rainmaker
459,613
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It is lack of inventory in our area. 

Jul 27, 2020 06:39 AM
Rainmaker
689,653
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Low interest rates + low inventory = eager buyers

Jul 27, 2020 01:49 PM
Rainmaker
117,460
sandy straley
Rindlesbach Homes - Salt Lake City, UT
Selling Homes for over 40 Years

Yes. . .  it has made a difference in Salt Lake City, Utah . . .  people can qualify for a more expensive home and we are short on inventory

Jul 29, 2020 03:12 PM
Rainmaker
582,917
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

It's simply the Law of Supply & Demand.  This determines prices.  Perception is reality.

Jul 28, 2020 10:01 AM