Chicago Real Estate Perspective

Dave Nimick: Making Sense of This Market

Episode Summary

In this episode, Dave discusses: The uncertainty in real estate. Making sense of the current market. The difference between 2021 and 2022 in the real estate market. Historical interest rates. Key Takeaways: 2021 is the gold standard for real estate. In 2022, the interest rates have more than doubled, which has never happened before. The sky is not falling, but we are settling back into the norm after a record-breaking 2021. The worst of times was 1981, interest rates were above 18%. We are currently about 7%, which is below the historical average rate. Down markets bring upside opportunities. "You don’t want to spend mental time or energy dwelling on things you just can’t control. The market is the market. Lean into someone who really knows the market, knows how to interpret it, and knows how to get the best out of it for you." —  Dave Nimick Connect with Dave Nimick: Website: https://thenimickteam.com/ Email: dave@thenimickteam.com YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos LinkedIn: https://www.linkedin.com/in/davenimick/ Facebook: https://www.facebook.com/thenimickteam Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty Show notes by Podcastologist: Chelsea Taylor-Sturkie Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

Episode Notes

In this episode, Dave discusses:

• The uncertainty in real estate. 
• Making sense of the current market. 
• The difference between 2021 and 2022 in the real estate market. 
• Historical interest rates. 

Key Takeaways:

• 2021 is the gold standard for real estate. In 2022, the interest rates have more than doubled, which has never happened before. 
• The sky is not falling, but we are settling back into the norm after a record-breaking 2021. 
• The worst of times was 1981, interest rates were above 18%. We are currently about 7%, which is below the historical average rate. 
• Down markets bring upside opportunities. 

"You don’t want to spend mental time or energy dwelling on things you just can’t control. The market is the market. Lean into someone who really knows the market, knows how to interpret it, and knows how to get the best out of it for you." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: dave@thenimickteam.com

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.