Empower Blog

May 18, 2022

Podcast: Competing in the Competitive Housing Market

Mortgage, Podcasts
Bidding wars, lack of inventory, and rising interest rates are contributing to a harsh market for current home buyers. In our latest Community Conversation podcast, I'm joined by Jane Coppinger, Real Estate Agent at Reece Nichols, to offer hope for what has made buying a home feel impossible.

We tackle the following topics:

Market Conditions
  • When can we expect more inventory?
  • Rising rates and how that affects a home’s overall cost

Realistic Expectations
  • How to set a budget with room for over asking offers
  • Planning for a longer home buying process

How buyers can Stand Out
  • Working with a trusted, local team as opposed to chain type mortgage companies
  • Getting pre-approved to make faster offers
  • Things to consider when buying a home as-is
  • How to make a leg up offer

This podcast is brought to you by CommunityAmerica Credit Union. This recording is for educational and entertainment purposes only. It is not intended to replace the advice of a loan representative or financial advisor. The examples provided are for illustration purposes only and may not apply to your situation. Since every situation is different, we recommend speaking to a loan representative or financial advisor regarding your specific needs. All loans are subject to approval. You may also want to contact your tax advisor for additional tax implications. Any reference to third-party websites are provided for information purposes only and are not endorsed by CommunityAmerica. CommunityAmerica is an equal housing lender. Please visit CommunityAmerica.com to learn more about how we can assist you in achieving your Financial Peace of Mind.

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About the Author
jackie reed
Jackie Reed

Branch and Outbound Mortgage Sales Manager

Jackie Reed enjoys getting to know members on a personal level by working to understand their financial goals and how that coincides with homeownership or their desire to own a home in the future. Owning and maintaining a home is one of the largest financial investments a person will make in their lifetime, and Jackie and her team understand the importance of finding the right mortgage product to assist in the process.