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The Start of a Housing Market Comeback! | 1-Minute Market Update w/ Martin
Manage episode 433348308 series 2798833
Konten disediakan oleh Martin Perdomo "The Elite Strategist". Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Martin Perdomo "The Elite Strategist" atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
The week, we dive deep into the recent drop of the 30-year fixed mortgage rate to 6.55%, its lowest point since May 2023. This significant decline has ignited hope for a potential housing market revival. We explore how lower rates impact homebuyers and homeowners, discussing the pros and cons of refinancing. While increased purchasing power is a boon for buyers, high home prices continue to be a major hurdle.
We also examine the challenges facing the housing market, including limited inventory and homeowner reluctance to sell. Join us as we analyze whether this rate drop is a game-changer or just a temporary reprieve.
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