October 25th, 2024 10:26 PM by Eric Willner
Radio Show Notes 10/23/24 Wednesday:Read a summary of the show below orListen HereWatch Live Facebook Video Here
Midweek Market Report: Why NOW Is the Time to Start Your 90-Day Real Estate Fresh Start for 2025
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! I’m your host, Eric Willner, also known as the Voice of Real Estate. As the founder of this show and the creator of the Automatic Landlord System for Owning Cash Flowing Real Estate “Profitably and Hassle-Free”, I’m here to guide you through today’s Wednesday Midweek Mortgage & Market Report Edition.
This show is a virtual real estate seminar in every episode, and today we’re diving into why NOW is the right time to buy real estate. Remember, Everyone is in Real Estate! Either you are IN Real Estate because you own it—meaning you’ve searched, negotiated, closed on it, and enjoy the pride of ownership alongside the many benefits of real estate. Or, you are ON Real Estate, contributing to those who own it, whether through rent payments or working for an employer who pays rent for your workspace.
Are You Ready for a 90-Day Fresh Start for 2025?
This week, we’re asking a crucial question: Are you ready for a 90-day fresh start to set the stage for your success in 2025? Whether you’re an experienced investor or a first-time homebuyer, there’s no time like now to recalibrate your strategies and make the most of what’s coming next year.
Did you know? A solid plan for a 90-day financial reset could be the difference between hitting your investment goals or missing out on new opportunities. With the right approach, you can leverage market trends, reduce debt, and prepare for the ideal time to buy real estate. Today’s show will focus on how essential it is to understand these dynamics for creating a pathway to success in real estate.
Before We Get Into the Meat of the Show…
Let me remind you of this week’s special FREE Workshops:
Many of us face financial challenges, and that’s where the Financial Edge comes in. It’s the education and knowledge that moves the needle. We believe in a three-pronged approach:
Take the 72-Hour Challenge and start setting yourself up for a successful 2025. Now, let’s dive into why NOW is the time to buy real estate. We’ll reference insights from previous episodes and explore the headlines that affect your wealth through affordable housing and financial freedom.
Mortgage Market Update: What It Means for You
Let’s talk about current market conditions. According to Bankrate.com, today’s national mortgage interest rates have been trending upwards, with the average rate for a 30-year fixed mortgage now at 6.66%, rising 11 basis points over the last week. For those looking to refinance, the rate has inched up to 6.67%. Although we’ve seen a slight increase recently, rates are still more favorable than earlier in the year when they hit multi-decade highs.
What does this mean for you? The Federal Reserve's recalibration of rates signals that while rates won’t drop as rapidly as some hoped, there’s still potential for easing in 2024. A recent Fannie Mae survey found that 42% of respondents expect rates to decrease next year, offering a window of opportunity for those ready to make a move in the housing market.
But remember, waiting for rates to dip below 5%, as some buyers are hoping for, might mean missing out on current opportunities. The key is to stay ahead of the market by planning strategically—whether that’s locking in a good rate now or positioning yourself for future opportunities. Text "EDGE" to 561-861-2366 for guidance tailored to your needs.
Top Trending Headlines in Real Estate
First Article: Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
Mortgage Demand Drops to Summer Lows: Mortgage application volume fell to its lowest level since July, even though rates remained steady at around 6.52%. The drop in refinance demand by 8% shows that many homeowners are waiting for rates to dip further. But with mortgage rates still lower than last year’s peaks, it’s a great time for prospective buyers to lock in before prices climb even higher.
This week’s headlines show that even though mortgage rates haven’t budged much, demand for mortgages has dipped. This could be an opportunity for potential homebuyers! Here’s why it relates to our theme of a 90 Day Fresh Start for 2025: with some strategic planning, potential homebuyers can use this period of lower demand to their advantage. While some may be waiting on rates to fall further, a motivated buyer can act now and potentially find their dream home with less competition.
Key Points:
A 90 Day Fresh Start for 2025: Let’s use this cool-off period in the mortgage market to your advantage. Text the word “Loan” to 561-861-2366 and speak with a qualified lender about your specific situation and goals. We can help you get pre-approved and put you in the strongest position to find your dream home!
Why It Matters: This trend means less competition in the market, providing buyers with an opportunity to secure better deals. If you’ve been on the fence about entering the market, now is the time to act before rates start moving up again.
A New Buyer Boom?: Homeownership among Hispanic Americans has reached a record 51%, opening up new opportunities for real estate professionals and investors. As more Hispanic households transition from renting to owning, there is a significant business opportunity in providing tailored services that meet the needs of this diverse demographic.
Second Article: A New Buyer Boom?
The Hispanic demographic is on the rise in the homeownership market, and this trend is expected to continue. This is a great opportunity for real estate professionals who want to expand their client base! It aligns with our theme because a growing segment of the population is ready to achieve the American Dream of homeownership.
Why It Matters: Understanding the cultural nuances and preferences of different buyer demographics is key to tapping into emerging markets. With 3.2 million Hispanics becoming homeowners in the past decade, this is a growing market that savvy real estate investors should not ignore.
Conclusion: Why You Should Be Ready for a Fresh Start
As we look toward 2025, it’s clear that having a 90-day plan is crucial for positioning yourself ahead of the market shifts. Whether it’s preparing to buy a home, refinance, or invest in income-generating properties, timing is everything. That’s why understanding current trends and aligning them with your goals is more important than ever.
A 90 Day Fresh Start for 2025: Are you a real estate professional who wants to tap into this growing market? Consider taking some cultural competency training and learning some basic Spanish phrases. Building trust and effective communication are key to success! Text the word “Edge” to 561-861-2366 to learn more about The Financial Edge University and how we can help you expand your business.
Remember: It’s a stone-cold fact that Real Estate is THE best investment. Period. So, get yours today! And if you need a strategy session or more information on our free workshops, Text "EDGE" to 561-861-2366. Don’t miss out on the insights that could transform your real estate journey.
Thank you for joining today’s Wednesday Midweek Mortgage & Market Report on The Real Estate Show. Be sure to tune in tomorrow for our ATM Edition – About The Money. And don’t forget to share this show with others who should own real estate and take control of their financial future!
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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