The Real Estate Show

Radio Show Notes 06/12/24 Wednesday:

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Midweek Mortgage Insights: Why Now is the Time to Buy Real Estate Smartly

By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.

Welcome to the Real Estate Show – South Florida’s #1 Real Estate Radio Show and America's longest running daily radio show about real estate. My name is Eric Willner, known as the Voice of Real Estate and founder of America’s longest running daily radio show about real estate, and also creator of The Automatic Landlord System for Owning Cash Flowing Real Estate ‘Profitably and Hassle-Free’. This show is a virtual real estate seminar in every episode.

Today is the “Wednesday Midweek Mortgage & Market Report” Edition of The Real Estate Show, where we continue to talk about why NOW is the right time to buy real estate using the theme: Mastering Real Estate: Think Like an Investor, Act Like a Business.

Have you been wondering if now is a good time to be buying or selling real estate, especially with all the news, media, and economic fluctuations? Well, you're not alone.

Did you know? Mastering Real Estate: Think Like an Investor, Act Like a Business, is a powerful approach that can lead to significant success in real estate.

Before we dive into the meat of the show, let me remind you of this week’s special FREE Workshops:

1. Tuesday 8pm: Path To Home Ownership Introduction – Online by Invitation. Text "Home" to 561-861-2366.
2. Wednesday night 8:30pm: Financial Edge University “101 Overview” – Online by Invitation. Text "Edge" to 561-861-2366.

Finances challenge you? Most people say YES!! Here is the Financial Edge. It’s the education and knowledge that moves the needle. We are your Financial Team. Let's talk about it... We believe in a 3-pronged approach:

1. I believe: Everyone should buy a house - Be a Homeowner.
2. I believe: Everyone should have that house in Financial Order with a WRITTEN Financial/Life Plan.
3. I believe: Everyone should own a business that pays them AND gives them Tax Benefits - The Financial Edge. Your Financial Team. Let's talk about it... TAKE THE 72-Hour Challenge!

Why NOW is the time to buy real estate: Let's break down some key insights from recent news and market trends that affect wealth through affordable housing, helping you gain independence and peace of mind.

Top Trending Topics for Today’s Update:

1. Mortgage Rates: Mortgage rates fell this week, according to Bankrate’s national survey of large lenders, with the average price of a 30-year loan at 7.08 percent. Mortgage rates are well above their pandemic lows, and the spring homebuying season is off to a slow start. In good news for sellers and tough news for buyers, median home prices are back above $400,000, according to the National Association of Realtors, and pending home sales for April were off 7.7 percent.

Key Insight: Despite higher mortgage rates, real estate remains a solid investment. The recent dip provides a unique opportunity for buyers to lock in rates before they rise again.

2. Affordability and Income: The national median family income for 2024 is $97,800, and the median price of an existing home sold in April 2024 was $407,600. With a 20 percent down payment and a 7.08 percent mortgage rate, the monthly payment of $2,187 amounts to 27 percent of the typical family’s monthly income.

Key Insight: Homeownership remains within reach for many families, but strategic financial planning is crucial. Our workshops can help you create a sustainable plan.

3. Home Sales and Inventory: Home sales in April dipped to an annual pace of just 4.1 million units. Realtors report that while there is an uptick in inventory, many markets still lack affordably priced listings to meet demand.

Key Insight: This imbalance presents opportunities for investors to fill gaps in the market. Think like an investor and act like a business to capitalize on these opportunities.

4. Inflation and Mortgage Rates: Mortgage rates are tied to inflation, which is showing signs of cooling. The U.S. Labor Department reported that the inflation rate dipped to 3.4 percent. However, the Federal Reserve's decisions on interest rates will continue to influence mortgage rates.

Key Insight: Monitoring inflation trends is essential for making informed real estate decisions. Lower inflation could lead to more favorable mortgage rates.

5. Market Sentiment: A brief drop in mortgage rates caused a huge surge in demand, with total mortgage application volume surging nearly 16% compared with the previous week. Despite this, 86% of consumers believe it’s a bad time to buy a home, according to Fannie Mae.

Key Insight: Contrarian investing can be powerful. While many hesitate, savvy investors seize opportunities when others are cautious.

Call to Action: Text "EDGE" to 561-861-2366 to join our Financial Edge University and gain the knowledge to navigate these market dynamics effectively.

Summary Points:

1. Mortgage rates fell slightly, presenting a window of opportunity.
2. Home prices remain elevated, but strategic planning can make homeownership attainable.
3. Inventory is rising, but affordable listings are still scarce.
4. Inflation trends influence mortgage rates; staying informed is crucial.
5. Consumer sentiment is low, but this can be an opportune time for strategic investors.

Sponsor Break: Today's Show is Brought to You By: TimeToFixMyCredit.com. Text “Credit” to 561-861-2366.

Conclusion: Remember, real estate is the best investment. Period. So get yours today! Join us tomorrow for our Thursday ATM Edition of The Real Estate Show. Thank you for taking the time to be here. Don’t just listen—use our show to get started in real estate investing. Tune in every weekday to our show, a literal seminar in every episode of The Real Estate Show. Don’t forget to attend our free online workshops.

Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

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