Insights into Property Prices and Borrowing Costs | 1-Minute Market Update w/ Martin Perdomo

Prepare to unravel the mystery behind the real estate market's current volatility. This episode comes fully loaded with the hard-hitting facts and figures that will give you the insider's edge on what's happening with mortgage rates, home prices, and the Federal Reserve's influence. As the cost of borrowing for a home hits a two-month high, we explore the implications of declining mortgage applications, which have plummeted by a staggering 12% compared to last year's figures. We don't stop there; we also dissect the latest housing data to illuminate the unexpected robustness of median home sales prices, revealing the largest leap since October 2022, and we scrutinize the intricacies of home listings and the duration homes are staying on the market.Stay with us as we dissect the FedWatch report and grapple with the effects of January's higher-than-expected inflation rate on the housing market. Our conversation takes you through the ebb and flow of mortgage costs, directly linked to the Federal Reserve's strategic moves. With no stone left unturned, we examine the shift in the Fed's stance on rate cuts and how it intertwines with policy decisions, inflation, and the heartbeat of the real estate sector. By the end of our discussion, you'll have a crystal-clear understanding of the numbers that are shaping the market today and what they spell out for potential homeowners and sellers in this dynamic landscape.This episode is brought to you by Skilled Property Finders - Home of the 21 Day Close!We will close on your property in 21 days or less OR we'll pay an additional $5,000. Visit www.skilledpropertyfinders.com to find out more.Support the show