EPISODE · Aug 16, 2024 · 5 MIN
Why Now Might Be the Best Time to Buy a Home | 1-Minute Market Update w/ Martin
from Wealthy AF Podcast · host Martin Perdomo "The Elite Strategist"
Send us Fan MailIs 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. Download the free Sovereign Standards Manual. A short guide to discipline, clarity, and Authority & Freedom. Get it here:https://offer.elitestrategiesconsulting.com/ Reserve your seat for the FREE Webinar here!https://webinar.thesovereignstandards.com/Support the showDownload the free Sovereign Standards Manual.A short guide to discipline, clarity, and Authority & Freedom.Get it here:https://offer.elitestrategiesconsulting.com/FREE Webinar link.https://webinar.thesovereignstandards.com/
What this episode covers
Send us Fan Mail 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 ...
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Why Now Might Be the Best Time to Buy a Home | 1-Minute Market Update w/ Martin
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