This is a YouTube video titled "Housing Update" created on July 22, 2022, featuring a conversation between Nathan Denham from a top real estate team in Kansas City and Derek McGowan from McGowan Mortgage. They discuss the current housing market conditions, emphasizing strong demand, limited supply, and advice on buying and refinancing strategies.
What's up everybody? I'm Nathan Denham with the number one real estate team in Kansas City. Caleb Orknick. And today I'm joined by my Good friend Derek McGowan from McGowan Mortgage, one of the top lenders in our area. And the number one question that we have been receiving is what is the market doing? Is it still a good time to buy? Is it still a good time to sell? My answer is yes, it's still a great time to buy and sell. In fact, last year my team did over $480 million in sales. This year we're on track to beat that number. We're still getting multiple offers, we're getting above asking price and houses we're still selling rather fast. Now Derek, I know you're in lending, so what is your take on buying and selling right now in the market and where it looks like in the future?
Housing market's stronger than ever before. You've got almost 5 million people looking for a house right Now. With only 800,000 houses available. It's kind of a bad deal in musical chairs. So there's a huge demand, not enough supply. It's going to take about two years to work that out. So that's going to be two years of insane house appreciation. So the whole thing is buy now, refinance later when rates be lower.
Sounds good, but there you go folks, some quick answers to your questions. Feel free to contact me if you are looking to buy or sell a house. And of course if you need to get pre approved or pre qualified, contact my friends over McGowan Mortgage. Thank you.
