Mortgage Refinancing Impacting Real Estate Investments | 1-Minute Market Update w/ Martin Perdomo
Have you considered how the recent surge in mortgage refinancing might affect your life or property investment? Get ready to be well-informed, as we unravel the complexities of the housing and real estate market in this power-packed episode. We pull back the curtain on the uptick in mortgage refinancing demand, spurred by the lowest rates since August, and the ongoing struggle within the mortgage purchase application space. We're spilling the beans on an unexpected increase in median home sales price, and the curious case of declining home values in areas like Austin, Texas.
With the second segment, we aim to quench your thirst for real estate market insights. Marvel as we dissect the intriguing statistic about 27% of buyers who are still willing to shell out more than the list price despite higher interest rates. We're shedding light on the nationwide average of homes sold and the median number of days a property stays on the market. This episode is a must-listen for everyone, from prospective homebuyers to savvy real estate investors. We hope to equip you with invaluable insights, trends, and data to make the best decisions in your home buying or selling journey.
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