The Real Estate Show

Radio Show Notes 11/27/24 Wednesday:

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Welcome to The Real Estate Show: Your Midweek Mortgage & Market Report!

Hello and 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, also known as The Voice of Real Estate. I’m proud to be the founder of this extraordinary show and the creator of the Automatic Landlord System for Owning Cash-Flowing Real Estate Profitably and Hassle-Free.

If you’re new here, let me tell you what you’re in for: this show is a virtual real estate seminar in every episode. Today is the “Wednesday Midweek Mortgage & Market Report” edition, and we’re diving into why NOW is the right time to buy real estate and how the spirit of gratitude ties into the power of real estate ownership.

Everyone is in Real Estate

Think about it: you’re either IN real estate because you own it, searched for it, negotiated it, closed on it, and enjoy the pride of ownership and its many benefits.

Or, you’re ON real estate, paying rent to someone who owns it – whether directly as a tenant or indirectly through your employer, who pays for the workplace. One way or another, real estate is central to your life.

The Spirit of Gratitude and the Power of Real Estate Ownership

Owning real estate is about more than financial gains. It’s about stability, independence, and pride. There’s a unique gratitude that comes with having a place to call your own. Whether it’s the roof over your head or an investment property generating cash flow, ownership is empowerment.

Did you know: Homeownership doesn’t just build equity; it builds wealth. Statistics consistently show that homeowners have a net worth significantly higher than renters. And today, we’re going to discuss why understanding that concept is key to a successful real estate journey.

This Week’s Special Free Workshops

Before we dive into today’s market updates, let me remind you about this week’s workshops:

1. Tuesday, 8 PM: Path to Home Ownership – Online by Invitation. Text “HOME” to 561-861-2366.
2. Wednesday, 8:30 PM: Financial Edge Academy “101 Overview” – Online by Invitation. Text “EDGE” to 561-861-2366.

Do finances challenge you? Most people say yes. That’s why we’ve developed The Financial Edge – education and strategies to move the needle in your financial life.

Our 3-pronged approach is simple:

1. Everyone should own a home.
2. Everyone should have that home in financial order with a written financial plan.
3. Everyone should own a business for income and tax benefits.

Ready to start? Take the 72-Hour Challenge. Text “EDGE” to 561-861-2366, and let’s get you on the path to financial freedom.

Market Trends and Headlines

Let’s dive into the latest market updates and headlines that could shape your real estate decisions this week.

Headline 1: Mortgage Rates Rise, But Demand Soars

Today’s national 30-year mortgage interest rate stands at 6.96%, with some reports edging past 7%. Despite this, homebuyer demand surged 12% in the past week after the first rate drop in over two months.

Why? Pent-up demand. Buyers were waiting for rates to dip, and when they did, they jumped into the market. Applications for mortgages to purchase homes increased by 52% compared to last year.

Here’s why it matters:

• Inventory Growth: More homes for sale mean less competition for buyers.
• Economic Stability: A strong economy keeps buyers confident.

Takeaway: Whether rates rise or fall, there’s always opportunity in real estate for those prepared. Want to know where you stand? Get a prequalification with a soft credit pull to see your options.

Headline 2: Renters Struggle to Build Wealth

The median net worth of a renter in the U.S. is just $10,400 compared to $400,000 for a homeowner. That’s a stark reminder of why real estate is a cornerstone of wealth-building.

For renters at various income levels:

• Earning <$25,000/year: Focus on financial stability by reducing debt and cutting costs.
• Earning $50,000-$75,000/year: Increase savings and explore homeownership options.
• Earning >$100,000/year: Invest savings in assets to grow wealth faster than inflation.

Here’s the key: Homeownership isn’t just about owning a house; it’s about creating a financial foundation that grows over time.

Call to Action: Ready to explore your path to ownership? Text “EDGE” to 561-861-2366 to get started today!

Key Insights for First-Time Homebuyers

Another headline making waves is the rising age of first-time homebuyers – now at an all-time high of 38 years old. Factors like low inventory, competition, and rising costs make it harder for younger adults to buy.

But here’s the good news:

• Opportunities Exist: New housing starts are up 2.7% from last year, easing inventory constraints.
• Equity Grows Fast: Homeowners gained $1.3 trillion in equity in Q2 2024 alone.

Pro Tip: Whether you’re a first-time buyer or a seasoned investor, owning real estate today positions you to reap the rewards of tomorrow’s market.

Conclusion: Why Gratitude and Real Estate Go Hand-in-Hand

As we reflect on today’s show, remember that the spirit of gratitude is about recognizing the opportunities around us. Real estate isn’t just an investment; it’s a pathway to independence, wealth, and peace of mind.

Don’t just listen to The Real Estate Show – use it as your guide to get started. Tune in tomorrow for our “ATM Edition – About The Money,” where we’ll dive deeper into strategies for maximizing your financial edge.

And don’t forget to share this show with others who need to hear why owning real estate is the best investment.

Until next time, this is Eric Willner, The Voice of Real Estate. Thank you for joining us, and remember: Real estate is your ticket to financial freedom.

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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