The Real Estate Show

Radio Show Notes 11/20/24 Wednesday:

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Midweek Market Report: Why Building a Financial Foundation Is Key to Real Estate Success

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, proudly known as the Voice of Real Estate. I’m the 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.” If you’re tuning in, you’re in for a treat because this show is more than just talk—it’s a virtual real estate seminar in every episode!

Today is the “Wednesday Midweek Mortgage & Market Report” edition, where we dive into why NOW is the perfect time to invest in real estate. Because, let’s face it: Everyone is in Real Estate! Either you’re IN real estate, enjoying the benefits of ownership, or you’re ON real estate, paying rent to those who are!

Building a Solid Financial Foundation

Today’s theme is all about building a solid financial foundation, the cornerstone of achieving wealth and freedom. Did you know that understanding how mortgages and housing markets work is a critical part of creating that financial foundation? Today’s show will break down the latest mortgage trends, market shifts, and the tools you need to succeed in real estate.

But before we dive in, let me remind you of this week’s special FREE Workshops:

• Tuesday, 8 PM: Path To Homeownership Introduction – Online by invitation. Text Home to 561-861-2366.
• Wednesday, 8:30 PM: Financial Edge Academy “101 Overview” – Online by invitation. Text Edge to 561-861-2366.

Do finances challenge you? If your answer is YES, it’s time to get the Financial Edge. We believe in a 3-pronged approach:

1. Everyone should be a homeowner.
2. Everyone should have their finances in order with a written life/financial plan.
3. Everyone should own a business that pays them and provides tax benefits.

Take the 72-Hour Challenge and start your journey toward financial freedom!

Top Mortgage & Market Trends

Let’s look at today’s headline trends from Bankrate.com:

• The current national average interest rate for a 30-year fixed mortgage is 6.92%, up slightly from last week.
• Refinancing rates are hovering at 6.93%, with minor increases in recent days.

While rates remain elevated, experts predict gradual declines in the long term. What does this mean for you? Whether you’re planning to buy or refinance, preparation is key. Start early with a pre-qualification (a soft credit pull) to understand your position in today’s competitive market.

Weekly Mortgage Demand Trends

Mortgage applications rose 2% this week, signaling renewed demand despite higher rates. Here’s what’s driving the numbers:

• Refinance Applications: Up 2% from last week, with a notable 43% increase year-over-year.
• FHA Loans: Increased demand for FHA purchase applications, with a 7% rise from the prior week.
• Conventional Loans: Conventional mortgage applications also gained traction as buyers seized opportunities in loosening markets.

This uptick reflects buyers adapting to current conditions, leveraging FHA rates and increased inventory in certain markets to their advantage.

October Housing Starts Slow on Higher Rates

Housing starts dipped 3.1% in October, largely due to rising mortgage rates. Single-family starts fell 6.9%, while multifamily construction saw a slight uptick. Builders, however, remain optimistic about 2025, expecting regulatory changes to boost supply.

Key insights:

• Permit Trends: Single-family permits increased 0.5%, while multifamily permits dropped 3%.
• Regional Activity: Starts remain higher in the Northeast but lag in the South and West.

For investors, this presents opportunities to secure properties before regulatory shifts and rate cuts create new competition.

What’s Holding First-Time Buyers Back?

The average age of first-time homebuyers has hit an all-time high of 38 years. Why?

• Housing shortages and rising prices make it harder for younger buyers to compete.
• High rents and elevated debt-to-income ratios delay saving for down payments.

With housing inventory constrained, it’s clear that NOW is the time to act before the barriers grow even higher.

Call to Action:
Ready to take control of your financial future? Text Edge to 561-861-2366 to join our Financial Edge Academy and start building your real estate portfolio today!

Conclusion:
Real estate is not just the best investment—it’s the foundation for independence, wealth, and peace of mind. Don’t just listen to The Real Estate Show—use what you learn here to take action. Tune in tomorrow for our “ATM Edition – About The Money” and don’t forget to share this show with friends and family who should own real estate too!

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 

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.

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