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.

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

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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.

The US housing market is on an epic roller coaster ride, with nearly a quarter of homes experiencing price cuts in June, the highest rate for this time of year since 2018, according to Zillow. High costs and rising inventory are leading to easing competition, helping buyers regain their footing. Zillow's June report highlighted that 24.5% of home listings faced price reductions due to cooler competition and changing market dynamics. Although booming construction has alleviated some of the supply crunch, inventory is still below pre-pandemic levels. The demand-supply imbalance has now been the smallest since 2020, with the lowest monthly growth rate since 2011 for June. While prices continue to rise, the appreciation rate has slowed, diminishing the seller's market advantage. Regionally, buyers' markets have emerged in Southern cities like New Orleans, Miami, Austin, Jacksonville, and Tampa, driven by high prices and insurance costs pushing buyers out.

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If you wanted to buy or sell a house, a significant fee was typically around 6% of the house's price, split between both sides of the real estate transaction. However, that's changing. In November, the housing market was shaken by a $1.87 billion lawsuit. The National Association of Realtors (NAR), representing over a million real estate agents, decided to settle multiple lawsuits by agreeing to pay $418 million and implement changes to reduce these high fees. They will no longer require agent fees to be listed on house listings, theoretically making buying and selling houses cheaper. This change could potentially lower real estate agent fees by 25% to 50%, allowing various services that assist with buying and selling houses to compete more effectively. As a result, houses could become more affordable for everyone. Many people are excited about the prospect of new, more cost-effective methods for buying and selling houses, benefiting both buyers and sellers.

➡️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....

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 STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

Today we will break down the latest insights from media experts on the housing market, emphasizing that a crash is unlikely. Key factors include strong economic outlooks, job growth, and a shortage of housing supply. Nowhere do these experts mention higher property taxes and homeowner insurance. Despite higher mortgage rates, demand outpaces supply, and lending standards remain strict, reducing risky mortgages. We'll also cover potential signs of a market shift, what a crash could mean for buyers and sellers, and tips for preparing for market changes.

➡️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....

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 STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

First-time homebuyers in the US face a prolonged period of high mortgage rates and soaring home prices, with Bank of America economists predicting the housing market will remain "stuck" until at least 2026. Despite potential Federal Reserve interest rate cuts, mortgage rates may not significantly drop, and home prices are expected to continue rising due to an ongoing housing shortage. The "lock-in effect," where homeowners with low pandemic-era mortgage rates are reluctant to sell, further limits supply. This scarcity has driven the median price of a previously owned home to a record $419,300, creating a historically unaffordable market. The stagnation is evident in the record low pending home sales, as existing homeowners hesitate to move and new buyers struggle to afford homes. While experts like Dave Liniger of RE/MAX advise patience, the divide between current homeowners and prospective buyers grows, with the latter missing out on wealth creation. The market's future depends on economic conditions, with potential scenarios ranging from further price hikes if the economy stabilizes without a recession to possible price drops if a recession occurs, temporarily easing affordability.

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Mortgage rates are expected to stay high this summer after the Federal Reserve maintained the benchmark interest rate at 5.25% to 5.5%. The Fed, aiming to combat inflation, has kept rates steady after rapid hikes from near zero. Fed Chair Jerome Powell noted inflation has eased but remains above the 2% target. The Fed plans just one rate cut this year, disappointing those hoping for a summer decrease. Mortgage rates, near two-decade highs, are likely to stay around 6.99% until a rate cut is imminent. High rates complicate decisions for buyers and sellers, with affordability at risk due to rising home prices and mortgage rates. Despite flat inflation in May and falling gas prices, rising shelter costs continue to pressure the housing market. Critics argue the Fed's policies are exacerbating housing issues based on flawed inflation measures.

➡️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.

In the current landscape of real estate, it's truly a tale of two markets. On one side, we see certain areas experiencing a significant decline in home prices, driven by economic uncertainties, rising interest rates, and an oversupply of properties. These markets are characterized by a cooling demand, longer listing times, and increased buyer negotiation power. Conversely, other regions continue to boom, with prices steadily climbing due to strong local economies, limited inventory, and high demand driven by desirable amenities and robust job markets. This dichotomy highlights the varied impacts of broader economic trends on local real estate, emphasizing the importance of understanding regional dynamics when buying or selling property.

➡️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....

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 STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.