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51 - Housing Is In Trouble As First Time Buyers Dip Out Of The Market
HAVE A QUESTION, WANT IT ANSWERED ON NEXT WEEK'S PODCAST, DIAL 888-255-0197.
Less than 25% of homes in the U.S. are being sold to first-time buyers, marking an all-time low. High home prices, averaging $501,000, and interest rates between 6-7% are major hurdles for prospective buyers. While housing inventory has increased slightly, the market remains tough for younger buyers, with the average homebuyer now 56 years old. Corcoran believes that a drop in interest rates to 5% could ignite the market, while rates rising to 7% would likely slow it down significantly.
➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee...
For A Collaboration Video For Your Affordable Housing Option Or Comp.
https://www.kristinasmallhorn.com/req...
LIKE MY MUG Get It Here With Amazon Affiliate Link: https://amzn.to/46OZDhR
➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....
THIS PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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By Kristina Smallhorn
5
1717 ratings
HAVE A QUESTION, WANT IT ANSWERED ON NEXT WEEK'S PODCAST, DIAL 888-255-0197.
Less than 25% of homes in the U.S. are being sold to first-time buyers, marking an all-time low. High home prices, averaging $501,000, and interest rates between 6-7% are major hurdles for prospective buyers. While housing inventory has increased slightly, the market remains tough for younger buyers, with the average homebuyer now 56 years old. Corcoran believes that a drop in interest rates to 5% could ignite the market, while rates rising to 7% would likely slow it down significantly.
➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee...
For A Collaboration Video For Your Affordable Housing Option Or Comp.
https://www.kristinasmallhorn.com/req...
LIKE MY MUG Get It Here With Amazon Affiliate Link: https://amzn.to/46OZDhR
➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....
THIS PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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