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Waiting for Mortgages to Drop: How Buyer Behavior is Shaping the Real Estate Market
Published 2 years, 7 months ago
Description
In this episode of the "Real Estate Jerky Daily", hosts Mike Kelly and Ed Parcaut discuss a variety of topics related to the real estate market and current events. Headlines:1. Federal Reserve Outlook and Impact on Stocks and Mortgage Bonds
- The hosts discuss the Federal Reserve's outlook and the potential impact on stocks and mortgage bonds.
- They mention that the Fed is not expected to take any immediate action, but may consider tightening in November based on future job and inflation reports.
- Concerns about inflation and rising oil and gasoline prices are discussed as factors influencing the market. 2. Auto Worker Strike and Its Effect on the Bond Market
- The hosts highlight the ongoing strike by auto workers at GM, Ford, and Stellantis.
- The strike's potential impact on the bond market is discussed, particularly due to the higher costs associated with building electric vehicles and the resulting decrease in employment. 3. Zillow's Home Price Report
- The hosts mention Zillow's recent home price report, which indicates a 2.10% rise in home valuations in August.
- They note that home values have increased by 4.5% since January and are projected to appreciate by 7% for the full year.
- California is expected to see higher appreciation rates compared to the nationwide average. 4. National Association of Realtors (NAR) Survey on Home Buying Challenges
- The hosts discuss the findings of a survey conducted by NAR, which reveals that a lack of inventory remains a major barrier for potential home buyers.
- Additionally, they highlight the waiting strategies of some buyers, including waiting for mortgage rates to drop or for prices to decrease.
- The impact of these challenges on the housing market and homeownership rates is discussed. 5. Delay in Implementing Remote Online Notarizations (RON) in California
- The hosts express their frustration with the delay in implementing remote online notarizations in California.
- They share that a new bill legalizing RON is currently on Governor Gavin Newsom's desk and is expected to be enacted by January 2030.
- The hosts emphasize the need for immediate implementation given the technology's availability and its successful use in other states. Overall, this episode provides insights into various factors influencing the real estate market, including federal policies, labor disputes, home prices, inventory challenges, and technological advancements. #RealEstateUpdate #MarketUpdate #FridayEdition #PodcastNews #HousingMarket #MortgageBonds #FederalReserveOutlook #InflationReports #OilPrices #EnergyCrisis #AutoWorkerStrike #HomePrices #InventoryShortage #BuyerChallenges #DigitalClosings #RemoteOnlineNotarizations #HousingAffordability #NationalHousingTrust
Become a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.
- The hosts discuss the Federal Reserve's outlook and the potential impact on stocks and mortgage bonds.
- They mention that the Fed is not expected to take any immediate action, but may consider tightening in November based on future job and inflation reports.
- Concerns about inflation and rising oil and gasoline prices are discussed as factors influencing the market. 2. Auto Worker Strike and Its Effect on the Bond Market
- The hosts highlight the ongoing strike by auto workers at GM, Ford, and Stellantis.
- The strike's potential impact on the bond market is discussed, particularly due to the higher costs associated with building electric vehicles and the resulting decrease in employment. 3. Zillow's Home Price Report
- The hosts mention Zillow's recent home price report, which indicates a 2.10% rise in home valuations in August.
- They note that home values have increased by 4.5% since January and are projected to appreciate by 7% for the full year.
- California is expected to see higher appreciation rates compared to the nationwide average. 4. National Association of Realtors (NAR) Survey on Home Buying Challenges
- The hosts discuss the findings of a survey conducted by NAR, which reveals that a lack of inventory remains a major barrier for potential home buyers.
- Additionally, they highlight the waiting strategies of some buyers, including waiting for mortgage rates to drop or for prices to decrease.
- The impact of these challenges on the housing market and homeownership rates is discussed. 5. Delay in Implementing Remote Online Notarizations (RON) in California
- The hosts express their frustration with the delay in implementing remote online notarizations in California.
- They share that a new bill legalizing RON is currently on Governor Gavin Newsom's desk and is expected to be enacted by January 2030.
- The hosts emphasize the need for immediate implementation given the technology's availability and its successful use in other states. Overall, this episode provides insights into various factors influencing the real estate market, including federal policies, labor disputes, home prices, inventory challenges, and technological advancements. #RealEstateUpdate #MarketUpdate #FridayEdition #PodcastNews #HousingMarket #MortgageBonds #FederalReserveOutlook #InflationReports #OilPrices #EnergyCrisis #AutoWorkerStrike #HomePrices #InventoryShortage #BuyerChallenges #DigitalClosings #RemoteOnlineNotarizations #HousingAffordability #NationalHousingTrust
Become a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.