Mortgage rates are dropping, sellers are slashing prices, and pending home sales are hitting record lows. But what does it all mean for first-time homebuyers? In this episode, David dives into the latest housing market trends, breaking down what’s happening with inventory, interest rates, and buyer demand. Should you wait, or is now still the right time to jump in? The answer may surprise you.
Quote:
“A recession sounds scary, but guess what? It could actually be great news for first-time homebuyers. Why? Because when the economy slows, mortgage rates tend to drop—and that’s your opportunity to pounce.”
Highlights:
- Is the market slowing down? Why pending home sales just hit a record low.
- Mortgage rates dipped—so what now? Are we in for a rate drop or more volatility?
- Sellers are cutting prices! What that means for you as a buyer.
- The “window of opportunity” might be staying open longer. How to take advantage before competition ramps up.
- Inventory is rising—but is it enough? The truth behind housing supply and what it means for affordability.
- Crash or correction? Why low inventory keeps home prices from collapsing.
- Two possible scenarios for 2025: A frozen market or a rate-driven buying frenzy—either way, buyers need to be prepared.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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