Into the Cold: A Journey Through the 2024 Housing Market | 1-Minute Market Update w/ Martin Perdomo
Are you ready to navigate the chill winds of 2024's real estate market? This episode is your compass and parka, packed with the latest stats and forecasts about mortgage applications, home sales, and the Federal Reserve's interest rate decisions. Could the gloomy prediction of a 'cold' housing market actually be a golden opportunity for buyers? Let's explore.
We dive deep into the heart of recent data, revealing a surprising 4% rise in mortgage applications, a drop in Google searches for homes, and an increase in median home sales prices. Amidst these changes, almost 35% of homes snatch up an accepted offer within two weeks of listing - a clear sign of a transforming market. Finally, we'll discuss the Federal Reserve's decision against raising interest rates and what this could mean for the housing market in 2024. Tune in for these insights and more - your future home could be just a listen away.
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