Скачать или смотреть The Real Estate Show with Lennox Scott, CEO John L. Scott Real Estate (May 2023)

Lennox Scott, CEO of John L. Scott Real Estate, gives us some insight on the 2023 housing market so far and what to expect in the months to come. New episodes of The Real Estate Show air every weekend Saturday 10am & Sunday 6pm on KCMX radio 99.5FM.

Alice Lema, Broker
541-301-7980
www.AliceLema.com

John L.Scott Real Estate
871 Medford Ctr,
Medford OR 97504

00:00 🏡 Lennox Scott, CEO of John L. Scott Real Estate, is the guest on "The Real Estate Show" in Southern Oregon.
03:36 📊 Real estate follows a 10-year cycle, and 2023 is expected to be a solid year for the market with price support, especially in more affordable and mid-price ranges.
06:55 💰 Interest rates have risen, but there's still strong demand for homes, and the market is resilient, particularly in the affordable and mid-price segments.
08:07 🏘️ Housing supply is insufficient, especially in the affordable and mid-price ranges, leading to price support.
11:17 🏗️ New construction is helping address the shortage of housing supply, and some areas allow additional units on single-family lots to provide more affordable housing.
16:19 🌞 The real estate market experiences six phases annually, with spring and early summer being the peak for listings and prices.
19:46 📈 Despite rising interest rates, there are still over full price offers and multiple offers, creating a strong market, particularly in major metropolitan areas.
21:38 💻 Remote work and improved internet connectivity are influencing housing demand, with satellite internet contributing to higher home prices in rural areas.
23:36 🏠 Homeowners with equity in their homes have an opportunity to reposition themselves in the market due to higher interest rates, potentially resulting in a more favorable mortgage situation.
24:13 🏡 Sellers in urban areas have more equity, making it low-risk for them to accept contingent offers from buyers in other urban areas.
25:36 💡 It's advisable to sell your home when the timing is right for you, rather than trying to time the market.
27:01 🏠 John L Scott has a program called Market Ready Plus to help sellers with repairs and improvements to make their homes more appealing to buyers.
29:33 💰 The first 30 days are crucial for selling a home at the best price, so it's essential to monitor sales activity intensity within that period.
32:01 🏘️ In the luxury real estate market, it's important to position your home strategically within your peer group of similar-priced homes.
35:06 🤝 The John L Scott Foundation sponsors events to raise money for children's healthcare, supporting local communities, and aligning with their core value of living life as a contribution.
36:01 💖 Real estate professionals often get involved in their communities by volunteering and contributing to charitable causes, making a positive impact beyond their real estate work.
✅ Summary complete. by Harpa AI

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