Some are getting side hustles; we are becoming experts
We’re not gonna lie; things have been tough in the real estate business. After a decade of boom times and folks flooding the industry (remember this post asking if most of your friends were also in real estate!?), the number of transactions has decreased dramatically.
Many agents and brokers are getting side-hustles or quitting altogether in the midst of the fastest market downturn in a generation. Nearly 10,000 Realtors have left the industry every month so far in 2023, and this trend will likely accelerate in the coming months. Statistics aren’t available for mortgage professionals, but due to higher interest rates the mortgage exodus is probably even worse.
So how are we handling these slower times? By keeping our hands and minds busy! In addition to spending a few months relocating and settling into our new office, we are growing our team (more on that next month) & honing our craft to be even more valuable to you! As we stated back in October, we are ALL IN!
We are taking the opportunity to invest, educate, and grow by becoming further experts in emerging trends in our markets and share our insights with you! On the Summer Solstice last week, we kicked off our Summer Seminar Series with an Estate Planning class. These FREE in-person seminars are designed to provide you with valuable details on critical, yet often overlooked, real estate topics.
This month we are proud to host a seminar on Reverse Mortgages. As Baby Boomers approach retirement age, many are looking for ways to be financially secure. A reverse mortgage can be a useful tool that help homeowners aged 62 and better to utilize the equity in their homes for living expenses, health care costs, home improvements and more! There are many stigmas around these loan programs, some of which are flat out untrue! Come attend this seminar to learn the good, the bad, and everything in between from industry professionals who specialize in helping senior borrowers make wise financial decisions.
Admission is free but space is limited, so be sure to RSVP here before tickets are gone! Check out the rest of the summer schedule for our upcoming seminars on Accessory Dwelling Units and First-Time Home Buying.
We thank you for referring and returning to us for all of your mortgage & real estate needs. Our team remains ready and capable to guide you through this ever-changing market.