 What's up everybody, Ricky Gerooth here, so we are Gassing up here getting ready for our ride home from Fort Lauderdale, but I wanted to Wanted to share with you the fact that Prices are up 14.8% this year. Okay year-to-date and from April to May it's up 3% Okay, so prices are still going up. All right I know everybody's still in shock with interest rates going up so much so quickly and The shift that it's created in the market with a lot of buyers backing away and saying okay Let's wait and see what happens and it's freaking a lot of you guys out But the fact of the matter is is I've been trying to tell you that that's what happens when something shocks the market a Lot of buyers will put the brakes on it'll make you feel like wait a minute This market is gone, you know, and in fact, it's actually Shifting very slowly if you look back at 2005 That's when things really started to shift back in the late 2000s crash, right from 2005 to 2008 2008 when the stock market actually crashed because of that real estate bubble, but there was a very slowly Moving crashed right that was one of the largest crashes that we've ever seen However, so slow in terms of how long it took and how the shift actually happened It took from 2005 to 2008. Okay prices going down Before the stock market crash and that's when everybody calls the the crash the year of the crash 2008 But prices been going down since 2005 three years before the stock market and the official crash And after that prices continued to go down all the way to 2011 was the very bottom of that pricing Downward trend 2012 was the first year. We saw appreciation So what I'm really trying to get through to you right now is the fact that this market is The moment that you've all been waiting on this is the most amazing time to be in real estate right this Second because listings are easier to get than they were last year. Okay, there's still tons of demand Prices are still rising now. What do we think's gonna happen? Sure the lagging effects of all this We already see less transactions happening. We see agents jumping out of the business We see all kinds of things happening right that tells us that we will see a leveling off of prices But will they trend downward? I think so I think prices are gonna have to go down as much as interest rates have went up And I think that interest rates are gonna continue to go up What's gonna put more pressure on prices, but again guys what I've been preaching from day one. It doesn't matter It doesn't matter. Closings are gonna continue to happen every single day So I just thought that would be really nice for someone to come out and say hey Do you guys know that prices are still going up right now as we speak? And you're sitting here acting like the market is dead when listings are far easier to get than they were last year And there's so much data to share with your clients about what decision to make this best for them There's that this is them. This is the most incredible moment actually guys to to be a real estate agent I'm really proud to be a real estate agent I'm proud to be able to see this market for what it is be able to share it with you for what it is and hopefully Give you a different perspective that can help you visualize Exactly how you need to take advantage guys. We're starting my free 60 day challenge again as a group next week Go to zero to diamond calm and register and get ready to roll You're gonna find all my scripts. You're gonna time block your day gonna find tutorials me making live calls Weekly email tutorials so much stuff. Also zero to diamond is a social media platform There's over 12,000 agents there right now. You create your profile you post on your wall you DM people get in their network with some agents I'm gonna keep you guys informed take care. We'll see you guys on the next video. Let's go