Ep. 182 - Waiting To Buy Your Next Home? It Could Cost You… | Market Update Pt. 2
Are you on the fence about buying a home in the current market? In this episode, Quinton Harris and Daniel Halvorsen explain why waiting could be a costly decision. They examine the Federal Reserve's potential rate cuts, dissect recent job reports, and unpack the relationship between the 10-year Treasury and mortgage rates. They shed light on why builders are cautious about new construction and what this means for housing inventory. They also provide actionable insights for real estate agents and prospective homebuyers navigating today's market conditions. Whether you're actively house hunting or monitoring the market, this episode equips you with the knowledge to make smart decisions about your next real estate move.
[00:00 - 01:00] - Introduction
[01:00 - 05:45] - Fed meeting predictions and rate cut possibilities
[05:45 - 09:30] - Job market analysis and unemployment claims
[09:30 - 13:15] - Mortgage rates and the 10-year Treasury spread
[13:15 - 19:45] - Impact on the housing market and builder strategies
[19:45 - 24:15] - Advice for real estate agents and potential buyers
[24:15 - 28:30] - Long-term economic outlook and market recovery
[28:30 - 29:00] - Closing remarks
Resources:
Daniel’s Newsletter: https://yf7nhi3ybnw.typeform.com/to/XIxxmXg5
Episode 8: https://www.youtube.com/watch?v=qvUhAvzQOHo
Key Quote:
“If you're somebody that's been on the sidelines waiting for a sign, I think in the next couple weeks, you're probably gonna get your sign.” - Daniel Halvorsen
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