When interest rates go up, prices come down; when interest rates go down, prices go up. The best strategy, if you can possibly implement it, is to buy low and refinance later when interest rates come back down.
LOS GATOS, Calif. (PRWEB) December 22, 2022
Silicon Valley’s real estate market is one of the hottest in the world, and as one of the region’s premier agents, Julie Wyss is constantly evolving to stay ahead of the market. Her latest move: a return to KW Bay Area Estates.
The move allows Julie and her team to reunite with longtime friends and gain access to KW’s suite of indispensable tools and cutting-edge collaborations that help agents and brokers to build and strengthen their businesses and support their clients in meaningful ways. For instance, as a top producing agent, Julie loved attending (and delivering) KWBAE’s frequent mastermind events. Geared toward agents and brokers who are already at the top of their game, these events allow top agents to share the secrets of their success with other like-minded professionals. The office culture is such that many of these opportunities come in the form of impromptu chats in the halls—or even quick “WWYD” texts—a complete 180-degree turn from most kill-or-be-killed professional environments, something Julie and her team fully appreciates.
Despite her decision to return to KWBAE, Julie is grateful for her time with Compass. “During my time there, I truly enjoyed making great connections with other agents and professionals from all over the country. The company has an invaluable tool in Compass Concierge, their risk management partner is fantastic, and I loved the REtreat networking events. Overall, my experience with Compass was a positive one, and I wouldn’t change it for anything.”
Silicon Valley’s real estate market is changing again, so it is more important than ever for clients to connect with knowledgeable agents who understand the nuances of the areas they serve and operate with powerful professional networks on their side. Julie is exactly that kind of agent. Her expert advice to buyers: “Think of home prices and interest rates as neutral. When interest rates go up, prices come down; when interest rates go down, prices go up. The best strategy, if you can possibly implement it, is to buy low and refinance later when interest rates come back down.”
To sellers, Julie says, “Inventory is very low now. If you choose to ‘wait until prices come back’ [a sentiment Julie is hearing often] you may be waiting for a while. We can speculate on when interest rates will drop, but the truth is, the decision comes from the human beings running the Fed—and as you know, humans are subject to whim. This means we don’t have any concrete data on when they’ll reduce interest rates or when buyer affordability will rise to meet yesterday’s home prices.”
Julie and her team—who are also her actual family members—are thrilled to come home to KW Bay Area Estates. They look forward to reconnecting with friends and enjoying frequent visits to Keller Williams’ headquarters in Austin, near where Julie’s son recently put down roots.
About Julie Wyss:
Julie offers full-service residential real estate services to buyers and sellers around the San Francisco Bay Area. She has been recognized nationally among the elite top 1,000 agents in the country by Real Trends, as advertised in the Wall Street Journal, and consistently ranks in the top 100 Bay Area agents by the Bay Area Leading 100.