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Navigating the Housing Market: Trends, Rates, and Making the Right Move - Tom's Take 331
🏠Housing Market Update: Rates are up, purchase applications are down, but there's good news!
âś… Mid-year trends: Volatile mortgage rates, low inventory, and market uncertainty.
âś… Current rates: Around 7-7.5%.
âś… Purchase applications dipped 5% week over week.
âś… Silver lining: It's peak vacation time, so don't be discouraged by the data.
âś… Predictions: Rates may decrease to 5% in 2024 and 4% in 2025.
âś… Assess your situation: Consider your needs and financial position.
âś… Stay put if it suits you: Low interest rates and ideal property make it a great option.
âś… Decision-making phase: Ask yourself if you have the financial means and motivation to move.
âś… Life events matter: Death, divorce, downsizing, family changes, and financial situations.
âś… Tune out the noise: Focus on what's important to you and consult a local expert.
Remember, rates fluctuate, so consider what's best for you and your household in the long run.
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By The Tom Toole Sales Group Podcast
5
77 ratings
🏠Housing Market Update: Rates are up, purchase applications are down, but there's good news!
âś… Mid-year trends: Volatile mortgage rates, low inventory, and market uncertainty.
âś… Current rates: Around 7-7.5%.
âś… Purchase applications dipped 5% week over week.
âś… Silver lining: It's peak vacation time, so don't be discouraged by the data.
âś… Predictions: Rates may decrease to 5% in 2024 and 4% in 2025.
âś… Assess your situation: Consider your needs and financial position.
âś… Stay put if it suits you: Low interest rates and ideal property make it a great option.
âś… Decision-making phase: Ask yourself if you have the financial means and motivation to move.
âś… Life events matter: Death, divorce, downsizing, family changes, and financial situations.
âś… Tune out the noise: Focus on what's important to you and consult a local expert.
Remember, rates fluctuate, so consider what's best for you and your household in the long run.
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