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| Name | Homebuyer Alert: Rising Prices, Falling Rates & Best States for Real Estate in 2024! |
| Video Uploader | Video From this Week in Real Estate - tWiRE |
| Upload Date | This Video Uploaded At 18-07-2024 06:29:18 |
| Video Discription | Join us on this week’s podcast as we dive into the latest real estate headlines making waves across the nation! We’ll discuss the DOJ’s reopening of its investigation into the National Association of Realtors and the new criteria released by the Consumer Watchdog CFA for evaluating home buyer contract forms. In swing states, the typical homebuyer’s monthly payment has nearly doubled since the last presidential election. Home-sale prices have hit record highs for the ninth straight week, but with rising supply and slow demand, we might see a cooling effect soon. San Francisco's downtown has become a 'ghost town,' according to a mayoral candidate, who calls for its revival. We’ll also explain the housing market using six insightful charts, and talk about how falling mortgage rates and rising supply are creating opportunities for homebuyers this summer, even amidst record-high prices. Mortgage refinance demand has surged to a two-year high as interest rates drop, yet high rates continue to hold back builder confidence. June marked the highest yearly increase in building material prices since February 2023, adding another layer of complexity to the market. Additionally, we’ll cover President Biden’s plan to cap rents at 5%, which some argue would deter production and harm affordability. Finally, we’ll reveal America’s 10 best states for buying and selling a home in 2024, with a surprising caveat at the top spot. ______________________________ 💬 Join the tWiRE Community: https://chat.whatsapp.com/B5WWEafN3IV1CrzorNY6yP ______________________________ ___________________ THE RUNDOWN ___________________ 0:00 - Intro & much maligned banter. 3:58 - DOJ Allowed to Reopen Investigation into National Association of Realtors 11:25 - Consumer Watchdog CFA Releases Criteria for Evaluating Home Buyer Contract Forms 18:12 - In Swing States, Typical Homebuyer’s Monthly Payment Has Nearly Doubled Since The Last Presidential Election 24:45 - Home-Sale Prices Hit Record High For 9th Straight Week, But Rising Supply and Slow Demand Could Dampen Further Price Growth 26:00 - The housing market, explained in 6 charts 34:35 - Falling Mortgage Rates, Rising Supply Create Opportunity for Homebuyers This Summer, Even Amid Record-High Prices 43:26 - Mortgage refinance demand jumps to a 2-year high, as interest rates drop 44:12 - High Mortgage Rates Continue to Hold Back Builder Confidence 45:46 - June Marks Highest Yearly Increase in Building Material Prices Since February 2023 51:14 - Biden Plan to Cap Rents at 5% Would Deter Production, Harm Affordability 54:32 - These are America’s 10 best states for buying and selling a home in 2024, with a big caveat at No. 1 __________________________ -- SOURCED ARTICLES -- __________________________ * https://nowbam.com/doj-allowed-to-reopen-investigation-into-national-association-of-realtors/ * https://nowbam.com/consumer-watchdog-cfa-releases-criteria-for-evaluating-home-buyer-contract-forms/ * https://www.redfin.com/news/swing-state-housing-affordability-2024/ * https://www.redfin.com/news/housing-market-update-home-prices-record-high-rising-supply/ * https://www.cnbc.com/2024/07/13/the-housing-market-explained-in-6-charts.html * https://www.redfin.com/news/mortgage-rates-fall-payments-down/ * https://www.cnbc.com/2024/07/17/mortgage-refinance-demand-jumps-to-a-2-year-high-as-mortgage-rates-drop.html * https://www.nahb.org/news-and-economics/press-releases/2024/07/high-mortgage-rates-continue-to-hold-back-builder-confidence * https://www.nahb.org/blog/2024/07/june-materials-prices * https://www.nahb.org/news-and-economics/press-releases/2024/07/biden-plan-to-cap-rents-at-5-percent-would-deter-production-harm-affordability * https://nowbam.com/5-rent-cap-and-affordable-housing-bidens-latest-housing-proposals/ * https://www.cnbc.com/2024/07/16/americas-10-best-housing-markets.html * https://www.bnnbloomberg.ca/business/real-estate/2024/07/16/falling-us-real-estate-commissions-could-impact-canadas-market-analyst/?taid=6696f7f13b62780001b5a469&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=twitter |
| Category | News & Politics |
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