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Why Now Might Be the Best Time to Buy a Home | 1-Minute Market Update w/ Martin
Manage episode 434616592 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.
Is the dream of owning a home slipping away from you? This week, we unpack why now might actually be the perfect time to make your move—despite what the headlines say. With mortgage applications taking a significant dip of 8% compared to last year, there's still a glimmer of hope as they've recently risen by 3%. And guess what? Online searches for homes are up by 11% over the past month, indicating renewed interest despite high prices averaging $389,250. You'll also find out why the increased home inventory—up by almost 18.9%—could be a game-changer, offering you more options and potentially less competition.
But that's not all. We break down the recent surge in mortgage refinancing, skyrocketing by 34.5% just last week, and what this means for you. With the Federal Reserve potentially lowering interest rates soon, thanks to new inflation data showing a significant drop to 2.8%, we could see a spike in home prices. If you're on the fence about buying a home, this episode gives you the crucial insights you need to make an informed decision. Don't miss out on understanding why this might be your best opportunity in a rapidly changing market.
This episode is brought to you by Premier Ridge Capital.
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This episode is brought to you by Premier Ridge Capital.
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Visit www.premierridgecapital.com to find out more.
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