1. How Long Will Real Estate Market Stay Hot?

• Years-- Mike : 2 years (end of summer 2023) Shana: 5 years 
  

• Developers are still buying land - Yes they are, developer properties are getting multiple offers.
  The trend is still growing up 
   They have a lot of inventory
  

• Builders are still building - They know what is going on and are placing bets 
  

• New home buyers lined up waiting - yes they are looking for new homes 
  

• Pent up demand of millennials living at home longer -new generations 
  Top demand, they are living at homes even longer, no one wants to move 
  

• Shortage of inventory creates backlog  
  
  

2. Real Estate Investor VS. Real Estate Speculator

• 20% down is an investor - taking money out of your money and take it down 
  property starts to work by itself 
  you can hire a professional 
  Minimun is 30% right now 

• What is a real estate speculator?  
  

• Hope is not a strategy - it is like winning the lottery 
  You need to understand how the market is 
  People is not being realistic, you need to see all the information
  Hope is not a strategy 

Real Estate Word of the Day:https://www.realestateabc.com/glossary/

• Contingent:
  

  • A Contingent home sale means that an offer on a home has been agreed to between the buyer and seller, but there are conditions that must be met to advance to a final sale.  Often the closing of another home sale for the buyer.  It is also common for the buyer to have a business transaction that must be completed for buyer to have funds to close.