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

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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I'm not interested in interest rates, LOLZ

Some will, some won't.

You know folks will always need to buy and some will always need to sell! 

They can refi later . . . or not. But if they gotta move, they gotta move!

Mar 22, 2023 12:48 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

We are far from a rate that will stifle the market much.

Mar 22, 2023 12:32 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've not had buyers holding off yet... the issue is not rates, the issue is finding homes for them to buy and getting sellers to list.

Mar 22, 2023 01:10 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services


 Qualified, Motivated, Ready, Willing, and able buyers, no. 

Mar 22, 2023 12:42 PM
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor"

That will all depend on the Buyers & Sellers Need, other than a Want!!!

Mar 22, 2023 12:06 PM
Roy Kelley
Retired - Gaithersburg, MD

It is more likely that home owners with attract rates will stay in their homes.

Mar 22, 2023 01:04 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Good question Will Hamm . We just received our property tax bill and I would love to move but I don't want to take out a new loan so I'd say rates are stopping me.

Mar 22, 2023 12:53 PM
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Certainly sellers will tend to hold off selling if they have a current much lower loan. As to buyers, in my area, they mostly buy with cash but real estate has been down, and it's got to be the market. Hopefully when the weather improves, the buyers will come back.  Yep, we have a lot of second home buyers here.

Mar 22, 2023 12:03 PM
Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Buyers buy real estate in all types of markets. It may knock some out but others will buy & sell

Mar 22, 2023 02:34 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Personally, I don't have any buyers holding off due to the increase in rates because most of the people I'm working with are educated (by me) and they understand how this works.  If they want the property, they have to pay the price and be the most competitive.  My job is to direct them into making the right decision of their wants and needs.  In the meantime, my biggest hurdle is with sellers who are not willing to list their house because they bought in at such a low interest rate and they are not willing to take the hit (temporary as it may be -- no one knows the future of that). Buyings are willing and able -- sellers are not (unless they don't have to buy another house and/or unless they have to sell due to relocation or job change and loss of partner, etc.  Great Question!

Mar 22, 2023 03:02 PM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Interest rates have been up and down over the last dozen years or so, and they have not been the driving force, either up or down, during any of that.

Back during the crash, (2006-7), we had rates in the low to mid 3's... and that didn't send people running to buy.  And as rates increased into the 4's and 5's, that didn't send people running to sell.

There was a lot of refinancing that went on during those periods, but purchasing seemed driven by need, not by rates, and I expect that will remain the same now.

Mar 22, 2023 05:28 PM
John Juarez
The Medford Real Estate Team - Fremont, CA

We are seeing numerous sales with multiple offers. I think buyers are trying to get ahead of interest rate increases.

Mar 22, 2023 07:48 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Buyers seem to be rushing in before rates go even higher. 

Mar 22, 2023 04:39 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ

No I don't think that. Our market keeps moving along fairly quickly, just not like the frenzy market we had for a few years.  Many folks are putting a lot of cash down, all cash sale etc. Remember marry your home, date the rate.

Mar 22, 2023 04:35 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Low inventory is a bigger issue for our buyers than rates. Many of my buyers right now are cash and they are just waiting on the perfect home to hit the market!

Mar 22, 2023 09:31 PM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Mortgage rates improved by about .125 on the news.  The Fed funds rate does NOT equal mortgage rates - when the Fed hikes their funds rate, mortgage rates often go down because the move tends to push inflation lower, which helps mortgage rates.


Mortgage rates are headed down.  

Mar 22, 2023 04:44 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

hasn't slowed buyers down, but with banks failing I was surprised to see this hike, but the feds really want to say they reversed inflation.  I don't think it's going to happen though.

Mar 23, 2023 08:21 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The "herd" buying group will stay longer at the watering holes while the better off will always be looking for that certain home especially in today's market. Just a few months ago, buying anything was the driving force. Today, it is the dream home. Also, in CA, they have a Dream buying program where the state will advance 20% down to qualified buyers for a share of future equity. We are watching and awaiting the results.  

Mar 23, 2023 06:09 AM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Some will, but people will do anything within reason to buy a home these days.

Mar 23, 2023 06:08 AM
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

     We have plenty of buyers, many using cash not a bank for homes. Owner financing for the big portion of just land listing sales. Working like a dog to hunt down listings to meet the demand is still the temperature and pace of my small rural market Will Hamm .

     Our prices are so low and affordable that a percent or two higher does not discourage a buyer. Not having to rent any longer is the goal whatever it takes. 

Mar 23, 2023 03:24 AM
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

No. Willing buyer moves ahead. Those with death, divorce, disaster, job transfer will move faster.

Mar 23, 2023 10:06 AM
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No.  The first rate hike(s) scared the buyers, but they've gotten so used to them they aren't phased any more.

Mar 23, 2023 08:56 AM
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

No.  I think the message has been received loud & clear that interest rates "are what they are" and if a buyer can afford the house, they should buy it.  We have HUGE buyer demand in our market and a dwindling inventory.

Mar 23, 2023 05:08 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Yes, absolutely. I have that conversation too often... Sellers prefer to rent their properties unless they must sell, buyers keep renting especially if they have been renting for a long time and they still have a low monthly rent. 

Mar 23, 2023 04:52 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not if they are smart, but then again it is possible.

Mar 23, 2023 12:52 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Will, we are finding that the lack of affordable housing in RI in the sought after communities is not getting better.  Out of state buyers are 40% of our buys making it so difficult for locals to buy or upgrade well.  So the rate doesn't impact the buy as much as most consider remortgaging in a couple years.  

Mar 27, 2023 05:10 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

It's hard to say. I do know some buyers are holding off while other people are taking advantage of the market and getting homes before the market goes crazy again.

Mar 24, 2023 06:25 AM
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

As long as they the increase doesn't change their DTI ratio and they can still qualify, no. The bigger problem is lack of inventory which has been a problem for a long time.

Mar 23, 2023 08:37 PM