The Real Estate Show

Radio Show Notes 07/16/25 Wednesday:

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Midweek Market Report Breakdown: First-Time Buyers Fall Behind Without a Credit Strategy

By Eric Willner, Investor, Coach, and 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, founder of America’s longest running daily radio show about real estate, and 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, and we’re continuing our discussion on why NOW is the time to buy real estate. Because, let’s face it:

Everyone is in Real Estate! Either you are IN Real Estate, because you own it, negotiated it, financed it, and enjoy the pride of ownership, tax advantages, and long-term appreciation. Or, you are ON Real Estate, paying rent directly or through your employer, supporting the ownership and wealth-building of someone else.

Today’s Theme: Know Your Credit and Fix It

Did you know?

1. That a credit score drop from 700 to 620 could mean paying $100,000 more in interest over a 30-year mortgage?
2. That nearly 80% of credit reports have errors, according to the FTC?
3. That your credit profile affects not just your ability to buy, but even your job prospects and insurance premiums?

These are not just scary stats—they are wake-up calls to take action. So today’s show is all about Know Your Credit and Fix It, and why this is foundational to your real estate and financial success.

But before we dive deeper, let me remind you of this week’s FREE WORKSHOPS you don’t want to miss:

1. 1st and 3rd Tuesdays @ 8pm: Path To Home Ownership Intro – Online by Invitation. Text PATH to 561-861-2366

Do finances challenge you? Most people say YES! That’s why we developed the Financial Edge. It’s not just about budgets; it’s about building wealth, having a plan, and owning assets. Here's our 3-pronged belief system:

• Everyone should buy a house.
• Everyone should have that house in Financial Order with a WRITTEN Financial/Life Plan.
• Everyone should own a business that pays them and offers Tax Benefits.

2. Every Wednesday @ 8:30pm: Financial Edge Academy 101 Overview – Online by Invitation. Text EDGE to 561-861-2366

Here are the top trending topics for today’s update:

From BankRate.com:

"Today's National 30-Year Mortgage Interest Rate Trends"

As of Wednesday, July 16, 2025:

• 30-year fixed: 6.75% (up 3 basis points from last week)
• 30-year refinance: 6.81%
• 15-year fixed: 6.00%
• 10-year fixed: 5.87% (down slightly)
• Top site rate: 6.11%
• ARMs? Not popular right now

The Federal Reserve hasn’t changed the federal funds rate for four straight meetings. But the 10-year Treasury yield is holding near 4.3%, keeping mortgage rates elevated. And despite spring seasonality, the housing market remains sluggish.

So what does this mean for you? Whether you're applying for a loan now or planning for the next year, the time to prepare is now. Start with a Pre-Qualification to understand where you stand. And don’t forget:

Text “LOAN” to 561-861-2366 for guidance or to discuss our latest 2 brand new mortgage programs + a Soft Pull/Free DPA Preapproval Tool coming soon!

This Week’s First Big Article:

Headline: "Weekly Mortgage Demand Plummets 10%, as Rates and Economic Concerns Rise"

Key Points:

• 30-year fixed mortgage rate rises to 6.82%
• Purchase loan applications dropped 12% last week
• Refinance applications fell 7%, despite being up 25% YOY

So what happened? Rising tariff fears and broader economic uncertainty are pushing Treasury yields and mortgage rates higher. Joel Kan from the MBA explains that despite intra-week dips, the average rate rose, discouraging buyers.

This relates directly to our theme. Higher interest rates + bad credit = lost buying power. A solid credit score allows you to negotiate better terms, mitigate the effects of rising rates, and stay ahead.

Even refinance activity, including VA refis, took a hit—a 22% drop. This is your opportunity to get ahead of the trend by fixing your credit before rates spike further.

Commentary: This ties into the top-searched topics:

• People are Googling "How much house can I afford?" — The answer? A lot more with good credit.
• They want to know if now is the time to buy. Our answer: It is… if you’re prepared.
• First-time buyers are struggling—but the path is there with guidance, preplanning, and our system.

 MIDPOINT COMMERCIAL BREAK:

Today’s Show is Brought to You By: TimeToFixMyCredit.com — Your trusted partner in getting mortgage-ready and unlocking your real estate future. Text “EDGE” to 561-861-2366 for an invite to tonight’s free Financial Edge Workshop!

Let’s continue by talking about why now is STILL the right time to buy—even with all these headwinds:

Article: "First-Time Home Sales Are Tanking"

• Only 1.1 million first-time buyers in 2024 vs. the 20-year average of 2.1 million.
• 46 million Americans now rent, an all-time record.
• Just 6 million renters even qualify for a median-priced home.

This is no longer just an affordability issue. It’s an access to strategy issue. Too many pre-approved buyers don’t know how to compete and close. That’s where coaching and planning change the game.

Next Article: "Nearly One-Third of Major U.S. Housing Markets Now See Falling Prices"

Key Points:

• 1/3 of top 100 markets are now seeing year-over-year price drops
• Inventory is up 29% year-over-year
• The biggest price declines are in Florida, California, and the Southwest

Prices are correcting. Inventory is growing. For savvy investors, this is the sweet spot. Especially when paired with credit readiness and loan prep. Text “LOAN” to 561-861-2366 to find out how close you are.

SUMMARY 

1. Credit Readiness is Priority #1 – Fixing your credit empowers your buying power.
2. Rates Are Rising – Lock in now or get left behind.
3. Inventory is Growing – A buyer’s window is opening.
4. Workshops Matter – Education = Opportunity
5. You CAN still win – But only with a real plan.

Remember: The key to wealth is ownership. And the road to ownership starts with knowledge, preparation, and strategy.

Tune in tomorrow for the ATM Edition – About The Money, where we’ll talk about the dollars and cents behind real estate investing.

Share this episode with a friend. Let’s help more people own real estate and take control of their future.

Visit us online at  www.AutomaticLandlord.com for past shows, transcripts, and resources.

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Thanks for listening to The Real Estate Show—your virtual real estate seminar in every episode!

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