In this week's episode, we delve into the latest happenings in Colorado and how they could impact your real estate decisions. I'm your host, Matt Dayton from Cornerstone Real Estate, joined by my trusty producer and livestream sidekick, Benji. Together, we’ll explore exciting local events, provide market updates, and highlight the best mountain real estate buys.
What's Happening in the Summit
Catch the Kids Sandcastles Competition at Frisco Bay Marina. For more details on the sandcastle event, check out this link.
Special Guest Chris Magnotta
Friend of the show, Chris Magnotta and his mustache joins us to discuss Monday's stock market scare, its implications for real estate, and what a market crash might look like. Don’t miss his valuable insights or the reason behind why he is groomed like an interstate trooper - SPOILER HERE.
Real Estate News
Stock market fluctuations could impact housing markets, especially in luxury segments. Key points include:
Short-Term Impacts:Â Delays in transactions and higher mortgage rates might occur.
Vulnerable Markets:Â Cities like San Jose, San Diego, and Los Angeles are at risk due to their high proportion of luxury homes.
Luxury Segment Effects:Â Stock market downturns may lead to softer home prices in high-value areas.
Broader Economic Effects:Â Economic issues like high unemployment could further affect the housing market.
Seller Reactions:Â Sellers might adjust prices or withdraw listings.
Market Update
We’re holding steady at 724. But with recent stock market turbulence, there’s hope on the horizon for a shift in the real estate market.
MLS Check
Explore this week’s top 3 listings here right along with us.
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