Last month Eyes on the Prize Leadership Coaching & Consulting, in conjunction with Ryan & Brian Real Estate Team, partnered up to bring the annual John Maxwell Live 2 Lead Conference to McAllen.

 

The 9th annual Live2Lead conference, where John C. Maxwell, and other world-class leaders taught practical lessons designed to help individuals in all spheres of influence grow to their maximum potential. Our guest were equipped with new perspectives, practical tools, and key takeaways.

 

This year’s keynote speakers were John C. Maxwell, Eric Thomas, Tim Elmore, Patrick Lencioni, and Doris Kearns Goodwin. They are thought leaders, culture shapers, personal growth masters, millennial experts, organizational architects, historical savants, best-selling authors, and in-demand speakers.

 

We also had breakout sessions specifically tailored for the marketplace and ministry.

 

We would like to give a very warm thank you to all those that joined us at this year’s Live 2 Lead. As always, we had a great time, and it was wonderful to see all of our SPONSORS, friends, associates, and colleagues!

 

We hope to see everyone again next year!

Mark your calendars for 2023 to elevate your leadership!

 

Thank you from all of us at the Ryan & Brian Real Estate Team

A Recession Does NOT Mean Falling Prices!

Hey Everyone, Brian Reed here with The Ryan & Brian Real Estate Team.  There is a lot of uncertainty about whether now is a good time to buy a home with a potential recession.  Today we are going to discuss why a recession does not mean falling home prices!

A recession does not mean falling home prices.  In fact, as this graph shows, in four of the last six recessions, home prices actually appreciated in value and in one case took a very small dip.

The one exception being 2008 when home values lost nearly 20% value, but that was a very fundamentally different place than where we are today. The market was drastically different.

 

We had loose lending standards which we don’t have now that led to a self induced market crash.  Most real estate experts are predicting home appreciation even if we do have a recession. 

This is the home price forecast for 2022 it follows seven key industry leaders on home pricing.

The average of all seven is showing a 10.3% home price appreciation through the end of this year. Last year we saw an average of 15% home price appreciation.

We’re not necessarily looking at the rate of appreciation like we have seen over the last two pandemic years, but nationwide in most markets, experts are saying we will have appreciation in spite of a possible recession.

So don’t believe the hype!  A recession does not mean falling home prices. And if we are looking at a recession, real estate has continuously proven in the past to be one of the safest places to invest your money.  If you would like to discuss this further, we have a team of experts available to answer your home buying questions and ready to help you reach your home buying goals. 

Call us today for a free consultation at 956-203-0044.  We look forward to hearing from you soon.

Three Reasons to Buy Right Now!

Hey Everyone, my name is Brian Reed with The Ryan & Brian Real Estate Team. There is a lot of uncertainty about whether now is a good time to buy a home with a potential recession. Today we are going to discuss 3 things that are happening in the market that are creating a great scenario for homebuyers to purchase.

Now the numbers I’m going to show you today are on a national level. However, these are the same trends we are seeing across the RGV. 

The first reason you should consider buying is we are seeing fewer multiple offer scenarios. It wasn’t uncommon for us over the last two years to see 20+ offers on our listings. However, we’ve noticed a trend of offers ticking down. On the national level as of April of 2022 the average home received 5.5 offers, come May that ticked down to 4.2, and by June it was down to 3.4. That is a trend many industry experts see going forward. 

Now for the second reason - Fewer homes are now selling above asking price. 

You might have heard our radio commercials or seen some of our marketing expressing how many homes we are selling above asking price. Now our marketing is still driving up demand but market trends are showing month over month that percentage is dropping. In April of this year we saw 61% of homes going over asking, by May that had dropped to 55% and by June it was all the way down to 51%. At 51% or basically half of the homes selling over asking, this is definitely still a competitive market, but a better time for buyers to jump in. Again, this is a trend experts see continuing throughout the year. 

Last but not least - reason number three. The supply of homes for sale is growing. 

You can see that inventory, that month’s supply, is ticking up as the pace of home sales slows down and more homes are coming back to the market. We’ve gone from a 2.2 month of supply in April to a 3.0 supply in June. Many experts are predicting the inventory to continue to rise higher and out of a sellers market and into what is considered a neutral market at 6 months inventory. 

These are three reasons why if you’ve been sitting on the fence about whether to buy now or wait, maybe now is the time to consider getting in home search mode. Or maybe you still have more questions and want to discuss them with a real estate expert. We have a team of experts available to answer your home buying questions and help you reach your home buying goals. 

Call us today for a free consultation at 956-203-0044. We look forward to hearing from you and having that conversation in the near future. Have a great day!