Ep. 181 - Is 2024 Still a Good Time to Buy a House? | Housing Market Update
Are you confused by the conflicting information about today's housing market? This episode cuts through the noise, presenting clear facts about current home buying trends. Quinton Harris and Daniel Halvorsen break down recent consumer surveys, revealing surprising misconceptions about down payments and market timing. They discuss the popular Florida Hometown Heroes program, which offers substantial financial assistance to first-time homebuyers. They also explore the rising popularity of second mortgages and Freddie Mac's new pilot program in this space. Throughout the episode, Quinton and Daniel emphasize the importance of accurate information in making informed real estate decisions, challenging common myths propagated by online doom-and-gloom forecasters.
[00:00 - 01:47] - Introduction
[01:48 - 04:59] - Consumer survey insights on home buying
[05:00 - 07:59] - Florida Hometown Heroes program update
[08:00 - 16:59] - Debunking real estate myths and market trends
[17:00 - 19:21] - Mortgage cheat sheet
[19:22 - 23:55] - Rise of second mortgages and equity loans
[23:56 - 26:59] - Freddie Mac's pilot second mortgage program
[27:00 - 29:34] - Closing thoughts
Key Quote:
"90 percent of people either grossly overestimated or just didn't know what the minimum down payment requirement would be for a mortgage" - Daniel Halvorsen
Resources:
https://bit.ly/181resources
_______________________
Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.
Watch the podcast on Spotify for full video episodes, Q&As, and community polls!
Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.
Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.
Please subscribe, share, and leave a review to let us know you want to keep the content coming!
