Steven D. Timm

Greetings!

Lets see what Tuesday has in store for us......

Rates remain elevated, but stability in both jobs and demand is keeping the market balanced. A balanced market is good for both sellers and buyers, in my opinion.

Rates stayed volatile and pushed toward recent highs as the jobs report came in stronger than expected. Hiring surprised to the upside with steady unemployment, reinforcing a stable — but not cooling — economy. Good for overall confidence, but not for rates.

In the week ahead, markets will continue to react to inflation expectations, bond market movements, and global headlines. Expect more day-to-day swings rather than a clear directional move. The Fed is now preparing to possibly increase rates.

Right now, I am positioning clients around clarity, not timing. Buyers are still active and have more options — but waiting for a big drop in rates isn’t playing out. The opportunity right now is acting when the monthly payment makes sense, not trying to time the market perfectly.

Let's connect! 🏠💲😁

It is Friday, folks...We made it!!!

Figured I would end the week on a maintenance note...giving the real estate updates a bit of a break for today.....

Apartment turn season is upon us and I wanted to share some quick tips on how to keep ones head among the flood of turns and work orders we are all experiencing right now....

I. Be thorough in your turn! One thing I try to pass along to techs I train is, to be thorough in your work. When you are busy, double work or having to return to a work order or apartment turn more than once, is a definite time and momentum killer. Doing it right the first time around saves you time and saves the company money. This is a win win!

II. Keep your tools and work areas clean! This often gets overlooked because of the business of the season, but well cared for tools and workspaces are both a time saver and efficiency builder. Some might think it is odd, but I wash, clean and oil my tools regularly. Both hand and power tools. I need my equipment to function and not fail during emergencies or when I have a stack of work orders or turns I am working on.

III. Give your property manager and office staff some grace! I have a sensitivity to this as I worked in the front office at one time. For example, my boss has over 400+ residents he takes care of at any one time. My boss is constantly barraged with residents, vendors, customers, potential residents and employees, that want something from him. This goes for the leasing staff as well. This is a good time to give them grace as they are doing the best they can! So, if your leasing agents or managers seem like they are having a bad day, give them some grace!


IV. Last but not least, take care of yourself and give yourself some grace during this time! You are only one person and can't do 10 things at once. One cannot pour 10 gallons of water in a 5 gallon pail...believe me, I've tried....LOL! Focus on your oldest work orders and move up to the most recent ones. This way, you prevent work orders going into delayed or late status. With turns, do as much as you can at a steady pace and do ask for help if needed!

Have a great weekend! 😁 🏠

Greetings, all! I normally send this as an email, but figured I would share my Monday market report with the wider world....

Let's check in on how the market is performing:

Buyers Market: I am noticing single family home inventory has recently dropped a bit from where we were last year at this same time. Buyers are still active though, so when supply does tighten, it tends to put pressure on the prices. Waiting might help you on rate strategy, but it can definitely cost you on price, thus coming to a net zero gain.

Sellers Market: The needle ticked ever so slightly in the sellers favor, though not sure how long that will last. I am noticing there are ever increasing pockets of statistically low inventory levels and that is a good thing to consider if you are thinking about listing your home. Lower inventory also tends to drive prices up, although sellers will want to be careful with this kind of strategy....we are not in a bonifide sellers market yet...

Overview: I see this as a no rush market. If you are a buyer, you will want to be prepared. Know your numbers, be pre-approved and be willing to pull the trigger when the right home comes along. If you are a seller, be ready to pull out some stops, prior to your home going on the live market, so you can put your best foot forward.

If you have been on the fence or are actively looking to purchase or list, please reach out and I would love to go over your options with you. 😁💲🏠