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Valuable Real Estate Insights

Ken Grodner

Given what we read and see about inflation and recession, both in the US and globally, a number of our clients have expressed concern over a possible market correction and have asked if it is prudent to wait to buy after a correction.
 
Vikki and I just came back from Anaheim, CA for Keller Williams’ annual real estate event and we are excited to share thoughts from some of the top thought-leaders in real estate. This includes the work of an economist who spends every day looking and analyzing trends from a global and industry perspective.

They would suggest not to wait to buy real estate and here is why:

Real Estate continues to serve as a solid investment, even during a recession. Values appreciated in 4 out of the last 6 recessions.

Home Prices have risen every year for the past decade.  We are expecting only a slight decrease in home prices in 2023, certainly not a correction.

Prices continue to remain stable in large measure because there are so few homes for sale (supply and demand).  Six months of supply represents a balanced market and we have less than 3.

Our economists believe inflation has peaked and will continue to trend downward over the next two years toward the targeted 2%.

Mortgage rates, while significantly higher than the last two years, are still well below historical averages.

After just 3 years, clients are better off buying versus renting. After 7 years they have doubled their investment and continue to build wealth every year.

Tuscaloosa Dominates College Towns When It Comes to Real Estate Investing.

By Vikki Grodner • August 13, 2024
Tuscaloosa for the Win!  Named #1 College Town for Real Estate Investing.

Considering Investing in Real Estate? Here are 4 Reasons Why Smart Investors, Like You, are Looking at Birmingham, AL

By Hospitality Network Group at Keller Williams • July 19, 2024
Birmingham, Alabama is one of the top go-to places for real estate investing. Here's why:
In my business, I have the opportunity to meet a lot of interesting people, but none as special as B

Birmingham area has a superhuman

By written by Ken Grodner • June 3, 2024
In my business, I have the opportunity to meet a lot of interesting people, but none as special as Birmingham’s Italian Stallion, Lou Scripa.

The Smart Choice: Why Buying Beats Renting in Tuscaloosa and Birmingham

By Vikki Grodner • April 22, 2024
Buying vs Renting: Why buying is a smart investment in towns with strong universities. Are you a parent considering buying or renting for your college student? Are you looking for a smarter way to invest in this accommodation, especially in towns with strong universities, like Tuscaloosa and Birmingham? Vikki and Ken Grodner from the Hospitality Network Group at Keller Williams are here to shed light on why buying real estate in Alabama is a game-changer.

2024 Market Insights From Top Thought-Leaders in Real Estate.

By Ken Grodner, Co-owner, REALTOR® • March 7, 2024
2024 Real Estate Market – Insights at from Industry Leaders

Winterize Your Home: Preparing for the Cold Season!

By Bre Humphres, Operations Manager • December 7, 2023
Winter brings with it colder temperatures and a range of challenges for your home. However, with a few simple steps, you can prepare your home for the chilly weather and ensure a cozy and energy-efficient space throughout the season.

Lower Your Monthly Mortgage Payment When Buying a Home With an Interest Rate Buy Down!

By Ken Grodner, REALTOR® & Lindsey Nance, Loan Officer • November 7, 2023
During this high interest rate environment, our agents with the Hospitality Network Group at Keller Williams are helping our homebuyers reduce their monthly payment with temporary interest rate buydowns.

Three Myths About Buying A House That Are Spreading NOW

By Vikki Grodner • October 9, 2023
Home ownership is always an exciting, and confusing, proposition. Some recent items in the news have only continued to muddy the waters in terms of understanding home ownership.

Ever Heard of a Rolling Recession? Just One of Many Points Gary Keller Made at a Recent Keller Williams Real Estate Conference

By Ken Grodner, REALTOR® • August 23, 2023
The Hospitality Network Group was recently on hand for the annual conference of top Keller Williams agents, Mega Agent Camp. One of the highlights of attending this conference is the opportunity to hear from our company and industry thought leaders on the current and future state of real estate.

Do You Know Quiet Luxury? One of 2023's Strongest Home Decor Trends

By Vikki Grodner, REALTOR & Certified Interior Designer • June 5, 2023
While we are seeing the return of color in home decor (have you had enough gray and stark white yet?), another hot interior trend for 2023 is what is known as "quiet luxury." Quiet luxury emphasizes calm, serene spaces that are sophisticated, elegant and maintain a timeless appeal. It is a minimalism with a hug, using high quality materials with texture and richness that pick up the warmer tones in nature and in life. As is often the case, tastes evolve from both a weariness to recent, sometimes overdone design trends and from other influences, such as fashion runways.
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