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The Start of a Housing Market Comeback! | 1-Minute Market Update w/ Martin
Manage episode 433348308 series 2798833
Contenuto fornito da Martin Perdomo "The Elite Strategist". Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Martin Perdomo "The Elite Strategist" o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.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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This episode is brought to you by Premier Ridge Capital.
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