This week we have a really important warning for every agent and buyer considering new construction — plus your weekly interest rate update during Fed Meeting Week.
Welcome to your Monday Market Update for the week of July 28th with Angie Gerber and Nikki Erickson from Kevnik Mortgage!
This week we are covering: ✅ Fed Meeting Week — what to expect from the announcement and why rates should stay stable or improve ✅ Interest rate update — after hitting the high sixes last week we are back to mid sixes today ✅ New construction warning — a builder tactic agents need to know about right now ✅ How some builders are falsely inflating neighborhood home values using buyer incentives ✅ Why this connects directly to the tactics that caused the 2008 crash ✅ New construction vs existing homes — the real cost comparison every client needs to see ✅ Window treatments landscaping appliances and all the hidden costs of new construction ✅ How to research builder quality before your client commits — including TikTok ✅ Why new construction is its own lane and what agents need to know before going all in
If you have clients looking at new construction right now this episode is required watching before you write that purchase agreement.
Need a Great Real Estate Coach and Mentor.... Join my Skool Community! https://www.skool.com/rebusinessbuilder/about 🔗 Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder
📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram: @mortgagesfrommntoaz
00:00 Introduction – Market Update Week of July 28th 00:30 Fed Meeting Week – What to Expect from the Announcement 01:30 Interest Rates – Volatility Back to Mid Sixes Today 02:30 New Construction Warning – What Every Agent Needs to Know Right Now 04:00 The Builder Inflation Trap – How Builders Are Falsely Inflating Home Values 06:00 How This Connects to the 2008 Crash – A Warning for Agents 07:30 New Construction vs Existing Homes – The Real Cost Comparison 09:00 Do Your Research – TikTok Inspectors and Quality of Build 10:00 How to Find Nikki & Angie's Skool Community
Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire!
Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about
Check out my YouTube Channel - So many ways to stay connected and plugged in! AGCoaching@agcoaching684
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