High Prices and Low Buyers Mystery | 1-Minute Market Update w/ Martin Perdomo

Send us a textWhy do low interest rates fail to attract homebuyers? In this week's real estate deep dive, we unravel the complexities behind this puzzling trend. Tune in as we dissect the latest market data from June 21st, 2024, and explore why mortgage applications are down 12% from last year, despite a slight weekly uptick. We'll discuss the staggering 21% drop in house searches, soaring home prices reaching an all-time high of $396,000, and the hefty median asking price of $411,749. With c...