The Real Estate Show

Radio Show Notes 03/06/24 Wednesday

March 9th, 2024 5:32 PM by Eric Willner

Radio Show Notes 03/06/24 Wednesday:

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"Wednesday Wisdom: Why Real Estate Is the Fast Track to Wealth"

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. I'm Eric Willner, known as the Voice of Real Estate and the founder of America’s longest-running daily radio show about real estate. I'm also the 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 our exploration of why NOW is the right time to buy real estate.

Wednesday Midweek Mortgage & Market Report: Have you heard about the 72 Hour Challenge - The Fast Track To Winning The Real Estate Game? Did you know that even investing just $100 per month with a 7% annual return could grow to over $1 million in 40 years? Starting small and letting your money grow over time can be powerful. Want to achieve it in less time? Stay tuned! Today's show is about the 72 Hour Challenge and how crucial it is to understand its workings for a plan that leads to success in Real Estate.

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

  1. Tuesday 8 pm - Path To Home Ownership Introduction – Online by Invitation. Text "Home" to join.
  2. Wednesday night 8:30 pm - Financial Edge University “101 Overview” – Online by Invitation. Text "Edge" to get your spot.
  3. Thursday - Financial Edge University Masterclass. Text "Mastery" for an exclusive invitation.

Now, let's continue talking about why NOW is the time to buy real estate, building on the themes from Monday and Tuesday, and incorporating the latest headlines that impact wealth through affordable housing, independence, and peace of mind.

Mortgage and Market Report: Let's kick things off with the latest from Today's national 30-year mortgage interest rate trends. For today, Wednesday, March 06, 2024, the current average interest rate for the benchmark 30-year fixed mortgage is 7.21%, declining 15 basis points from a week ago. Why does this matter? Because mortgage rates play a significant role in the real estate landscape, influencing demand and affordability.

Weekly Mortgage Demand Surges 11%: Now, let's dive into a key headline that caught my attention: "Weekly mortgage demand surges 11% as more homes hit the spring market."

Did you know that higher mortgage rates continue to impact demand from both current homeowners and potential homebuyers? The average contract interest rate for 30-year fixed-rate mortgages has seen fluctuations, and it's now at 7.21%. Mortgage applications to purchase a home increased by a whopping 11% last week compared with the previous week.

However, the disparity in existing inventory remains a challenge, with demand still 8% lower than the same week one year ago. The lack of available homes is a critical factor affecting purchase volume. But here's the kicker – mortgage rates above 7% aren't making things easier.

Applications for a mortgage to purchase a home dropped 5% for the week, reflecting a 12% decrease compared to the same week last year. Mike Fratantoni, MBA’s chief economist, notes that the lack of existing inventory is the primary constraint to increases in purchase volume. However, the higher mortgage rates are not helping the situation. Rates were in the 6% range for all of January, creating an interesting dynamic.

Spring Housing Market in Motion: Despite the challenges, the spring housing market seems to be in motion, defying higher mortgage rates. Applications to refinance a home loan increased by 8% for the week, and there's an interesting uptick in mortgage demand from buyers looking at newly built homes – a 19% year-over-year jump in January.

Danielle Hale, chief economist for, notes that the first couple of months of 2024 have seen positive trends in inventory levels. There were 14.8% more homes actively for sale in February compared to the same time last year. Notably, homes priced in the $200,000 to $350,000 range saw a 25% growth from a year ago, outpacing all other price categories.

So, what does all this mean for you as a potential homebuyer or investor? It emphasizes the importance of staying informed, understanding market dynamics, and being strategic in your real estate endeavors.

Strategic Calls to Action: Now, here's where you can take immediate action. At the midpoint of our show, I want you to text the word "EDGE" to 561-861-2366. This will connect you with valuable resources and insights to navigate the current real estate landscape. Whether you're a first-time homebuyer or an experienced investor, having an edge in understanding the market is crucial.

And don't forget, if you want to take control of your financial destiny and benefit from real estate, text "EDGE" to 561-861-2366. Stay tuned, and I'll give you another chance to connect with these resources at the end of the show.

Article 2:


Now, let's shift our focus to the two major obstacles aspiring homeowners face. According to a Bankrate report, more than half of aspiring homeowners cite the cost of living and insufficient income as significant hurdles to affording a down payment and closing costs. This pessimism is reflected in the fact that 20% believe they may "never" be able to save enough for a down payment, while others anticipate a timeline of at least five to ten years.

High mortgage rates, currently at 7.06%, contribute to the feeling that income is insufficient to enter the housing market. The cost of homeownership extends beyond the mortgage, including repairs, maintenance, and upgrades. Aspiring homeowners need to plan for these additional expenses to avoid financial strain.

Article 3:


Now, let’s explore the impact of parents on homeownership. A study reveals that if your parents are homeowners, you're more likely to become one too. Homeowner parents are more inclined to help their children with down payments, create multigenerational households, and share their knowledge of achieving homeownership. This intergenerational transmission of status plays a significant role in shaping one's path toward homeownership.

In conclusion, real estate is the best investment, and now is the time to take The 72 Hour Challenge for your financial success. It's not just about buying a home; it's about strategic planning, overcoming obstacles, and leveraging the right opportunities. Remember, Real Estate is THE best investment. Period. So, get yours today!

Before we wrap up, a special shoutout to our sponsor: If you're ready to take control of your financial future, text "Credit" to 561-861-2366.

Thank you for joining me on this "Wednesday Midweek Mortgage & Market Report" Edition of The Real Estate Show. Tune in tomorrow for the "ATM Edition – About The Money," where we'll continue to share valuable insights and resources to help you succeed in the real estate world, while focusing on the numbers.

Remember, don’t just listen—use our show to get started in real estate investing. Share The Real Estate Show with others who should own real estate. Until next time, this is Eric Willner, the Voice of Real Estate, signing off.

“Remember: It’s a stone cold fact that Real Estate is THE best investment. Period. So get yours today!”


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

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. ( You can reach Eric Willner at or 888-595-7779.

Also listen to the rebroadcasts on demand on 

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. ( You can reach Eric Willner at or 888-595-7779.

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Posted by Eric Willner on March 9th, 2024 5:32 PM


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