Strained Denver Housing Inventory, Understanding Headlines, and Cryptocurrency
Here's the quote that impacted me today. Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, "I will try again tomorrow." I'm going to get up and I'm going to try again tomorrow. I loved this quote because some days you just feel so beaten down, but I actually love this quote right now from the perspective of the first-time homebuyer. It just really struck out at me because I know we've been working through trying to get those first-time homebuyers under contract. Especially the first-time homebuyers who are FHA or down payment assistance or minimum down, or don't have the money to do the appraisal gaps or put in over asking.
Let's talk about what's being said in the news because of what is going on specifically in the market, the economy is getting stronger, inflation just came out higher. We expected that. Interest rates took a little dip.
My 23-year-old son was talking to one of his best friends who was trying to nudge him to buy Bitcoin a year ago. He didn't do it. I didn't do it either because he said, "Mom, you got to do this because they're talking about it." I'm like, "No, I don't believe in this." A year ago he put $10,000 in Bitcoin. That kid now has $200,000 and he's not alone. We need to dive into what that means for agents and lenders.
Listen to this fast-paced market update for real estate agents and lenders in the Denver Colorado area.
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