Discover the secrets to save thousands when buying new construction homes with these insider tips and strategies. Learn how to negotiate with builders as Todd Sachs of Sachs Realty helps us understand which upgrades offer the best value, and leverage financing options to your advantage. This guide breaks down key steps to help you avoid common pitfalls and make informed decisions throughout the buying process. Whether you're a first-time homebuyer or an investor, these expert insights will empower you to maximize your savings and get the most out of your new construction purchase.

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Homebuyers are gaining leverage in many U.S. housing markets as inventory rises and market conditions soften. Despite a 26% decrease in homes for sale nationally compared to 2019, active listings increased by 36% between August 2023 and August 2024, indicating a shift in market dynamics. This trend is most prominent in regions like the Sun Belt, where a concentration of new construction and affordability challenges have cooled the market, extending days on market and boosting active listings. According to ResiClub, areas where inventory has surpassed pre-pandemic levels, such as Tampa, New Orleans, Austin, Dallas, and Denver, are now becoming more favorable for buyers, with some even transitioning into buyer's markets.

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Mortgage rates are falling, and now the media is declaring that homes are becoming more affordable. With the Federal Reserve cutting interest rates for the first time in four years, mortgage rates are dropping closer to 6%, creating new opportunities for homebuyers. Lower rates mean reduced monthly payments, making homeownership more accessible for many. Refinancing activity is also picking up, as homeowners look to take advantage of the lower rates. However, despite the optimism, potential buyers should be cautious of rising property taxes, insurance costs, and high home prices in certain markets, which may still pose challenges to affordability.

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Realtor.com reports that the week of September 29 to October 5 is projected to be the best time to buy a home this year, with potential savings of up to $14,000 compared to the summer median price of $445,000. During this period, competition tends to decrease, inventory increases, and demand drops by nearly 30% from its peak. The seasonal shift is driven by factors like school schedules and weather changes. Additionally, 2024's best week may see even higher inventory due to softened demand, while falling mortgage rates, currently at 6.35%, may enhance affordability but could also boost competition. The timing of the best buying week varies regionally, with cities like New York and Boston leading earlier in the season.

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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.

The summer housing market in August 2024 showed signs of cooling, primarily due to persistently high mortgage rates, creating an opportunity for homebuyers. A report by Realtor.com revealed a 36.2% increase in active home listings compared to the previous year, the highest level since May 2020. Buyers are benefiting from more choices and price reductions, with 19.3% of listings experiencing cuts, the highest since 2018. While mortgage rates dropped to 6.35%, many buyers are waiting for further decreases as rates are expected to fall. Meanwhile, median home prices dipped slightly from $439,950 in July to $429,995, reflecting the growing inventory of smaller, affordable homes, particularly in the $200,000 to $350,000 range. The South saw the most significant growth in listings, while home sales slowed, with properties staying on the market for an average of 53 days, giving buyers more time to make decisions in this gradually shifting market.

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Contract signings for homes fell in July to their lowest level on record, dropping 5.5% from June and 8.5% from a year ago, according to the National Association of REALTORS® (NAR). Despite job growth and increased housing inventory, affordability challenges and uncertainty surrounding the upcoming U.S. presidential election have hindered a recovery in home sales. Some buyers are waiting for potential mortgage rate cuts, which may come if the Federal Reserve reduces interest rates later this year. The Northeast was the only U.S. region to see an increase in contract signings compared to last year, rising 2.4%.

➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee...

➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....

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.

Mortgage interest rates could fall into the 5% range by the end of 2024 if the Federal Reserve cuts rates as expected. With inflation cooling and economic indicators showing improvement, the Fed may reduce the federal funds rate in its upcoming meetings, potentially lowering mortgage rates below 6%. While the rate cuts might not directly dictate mortgage rates, they do influence lender offerings. If the Fed takes a more aggressive approach with rate reductions, we could see mortgage rates in the mid-to-high 5% range sooner than anticipated. Borrowers should monitor the market closely, as sub-6% rates could arrive before the year ends. Today, we talk with Kyle Seagraves "Win The House The Love" a mortgage broker in Ohio so he can breakdown what these falling mortgage rates mean for you if you are wanting buy an affordable home before the end of the year.

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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.

In the upcoming discussion, we'll explore the housing plans proposed by Kamala Harris and Donald Trump, focusing on how these policies could impact the housing market. Harris's plan aims to tackle the housing crisis by constructing 3 million new homes, providing down payment assistance to first-time homebuyers, and addressing rent increases imposed by corporate landlords. Trump's plan, on the other hand, seeks to reduce housing costs by slashing inflation to lower mortgage rates, opening federal lands for new home construction, promoting homeownership through tax incentives, and cutting regulations that raise housing prices. Our guests—Ray Ellen, Paul Lykins, Jackie Baker, and Kristina Smallhorn—will analyze the potential effectiveness and challenges of these proposals, debating whether they could successfully address the housing affordability crisis or if there are aspects that might limit their impact.

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Experts are touting improved home affordability as a reason to cheer, citing a slight decline in mortgage rates and a modest increase in housing supply. The median new mortgage payment decreased to $2,167 in June from $2,219 in May, signaling better affordability. Yet, this minor relief is overshadowed by the fact that typical mortgage payments have doubled from pre-COVID levels, remaining significantly higher than in past years. Despite claims of improved conditions, the broader market remains challenging for buyers, with many still struggling with high costs and limited relief in sight. Are experts once again gaslighting us by overstating these modest gains?

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The housing market is still expensive, but there are signs it might get better for buyers soon. Homes are staying on the market longer, buyers are canceling deals because of high costs, more homes are for sale, and many sellers are lowering prices. While it's not a buyer's market yet, these changes indicate that conditions are becoming more favorable for those looking to buy a home. But this isn't nationwide, we will speak to Anne Stewart a realtor in Portland to get her take on what's happening in the housing market.

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LIVE STREAMS 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 PODCAST. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.