Monday, February 6, 2023 / by Nick Waldner
The secret to building a quality business comes down to this.
For all of my entrepreneurs out there, we’re talking about how to build a great business, no matter what that business is. Yes, I sell real estate, but I also understand the value of building a business, and that's what I've done with mine. So let's go over a few quick things so you create the best business possible. If you own a business, think about what you should have done or could go back and do. If you're thinking about starting a business, this is where you start.
It starts with researching the opportunity; who's doing what you want to do the best? What are the top 3 to 5 things they’re doing to crush the competition? Now that we start to understand who's winning, what can you do just a little bit better? We don't have to create massive change. We don't have to reinvent the wheel. But we have to beat the best at their own game. So start thinking about what you can do to achieve that.
Monday, January 30, 2023 / by Nick Waldner
Understanding the impact new construction has on your home’s value.
How does building new-construction homes impact the value of existing homes? To understand this, we first need to understand how many homes are built each year. That number is about one million homes per year across the United States. During 2005 and 2006, we saw a significant increase in that number, and following the crash of 2008 until about 2019, the number decreased. This occurred while the population continued to increase, and we saw households growing in size.
In recent years, we’ve seen an uptick in the number of homes being constructed, but not enough to offset the years of missing homes. We still have that deficit in our inventory. If you add up all the years of limited construction, that deficit is about 2.5 million homes.
Supply always affects demand. Therefore, these inventory levels affect home prices. If you have any questions about the value of your home, we can help. Reach ...
Wednesday, January 18, 2023 / by Nick Waldner
The four types of markets and how it affects your real estate plans.
What do the peaks and valleys of a real estate market look like? In a nutshell, the market moves up and down overtime. Today I’ll explain what this means for your buying or selling plans.
There are four types of markets: One is a market that's rising, where home values are going up. The second is a market that's peaking, where we're reaching the top of the market. The third is a declining market, where home values are dropping, and last one is a market where we’ve already hit the bottom.
If you ask where we are now, I can’t give you an exact answer; however, we can take an educated guess. At 1:18 in the video, there’s an illustration of our market cycle, and I’ll use it to pinpoint where the market has been in the past several years. The truth is there are pockets in the market that are just peaking today, and there are others that have peaked a few mont ...
Thursday, January 5, 2023 / by Nick Waldner
Why our housing market is slowing and how it affects your home.
Due to the recent interest hikes, many of my clients have been asking me: Is the market slowing? The simple answer is yes, the market is slowing down a bit, but here’s a good follow-up question: Is it still a good time to sell?
The first thing we want to talk about is the number of homes on the market. It has increased significantly, which means there are more options for buyers. Interest rates have also been rising, which will decrease the demand from buyers. In simple economic terms, supply is increasing, demand is decreasing.
However, we're still way below pre-pandemic levels of inventory. So even though it’s rising, it's still way below where it used to be. We used to see 15 to 25 offers on a single house a few months ago, but now demand has dropped, and we might see one or three offers on a home.
Even though you may hear about inventory rising and buyer demand decreasing, it is still an i ...
Friday, December 16, 2022 / by Nick Waldner
How We Can Make a Difference With Your Help
Today I am so excited and grateful to say that we are continuing one of our favorite activities this year. I cannot believe we've been doing it for so many years—I believe we're in our sixth year of helping the kids at the Ronald McDonald House and Johns Hopkins Children's Center. This is our favorite time of year because we're able to make such a difference now.
When we first started this, we went to the Ronald McDonald House and got a list of all of the children who were going to be there over the holiday and couldn't go home. We got a list of all the ages and what was on their wish lists.
"We can't thank you all enough for helping us continue this tradition and make an impact."
It almost felt like being Santa Claus! We would go to Toys”R”US and buy as many toys from that list as we possibly could. Over the years, we were able to add more and more funds to this, and we were able to gro ...