Joe Selvaggi talks with Pioneer Institute Housing Fellow Andrew Mikula about his research on the causes and cures for our region's highest-in-the-nation housing costs.

Episode 206: Unlocking Affordable Housing: Sources and Solutions for Cost Crisis

📉 The 1650-day wait is finally over! Join us as we break down the Federal Reserve's recent decision to cut the federal funds rate by 50 basis points and what it means for the housing market.

🏡 In this video, we explore how this significant change will impact homebuyers and sellers, including the potential for increased inventory, improved affordability, and the outlook for mortgage rates. With insights from Jerome Powell's comments and market trends, you'll learn why this is a pivotal moment for real estate.

🔍 Whether you’re looking to buy or sell, understanding the evolving landscape is crucial. We discuss:
* The reasons behind the Fed's rate cut
* Expectations for future cuts and their effects on the market
* Strategies for navigating inventory changes
* Tips for preparing for your real estate goals

Let’s dive into this new era of economic policy and its implications for the housing market!

Fed Cuts Rates: What It Means for the Housing Market! | Tom’s Take 394

🆕 Stay up to date on all the latest topics while Tom Toole and Sarah Tymon give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio ... ⏰

👀 Tune in LIVE on WWDB-AM 860 and this page EVERY TUESDAY @3:00PM! 🎙

👉🏼  This week's topic recap:
🏠💰 • Housing affordability
🤝💼 • How to be successful in real estate
🎃📅 • Top October Events in the Greater Philadelphia Area

Housing Affordability | Success in Real Estate | October Events | Toole Time 10.1.24

In this video, we dive into the latest September jobs report and its impact on mortgage rates, which have seen a significant uptick following stronger-than-expected job numbers. With eight states now reporting inventory levels above pre-pandemic figures, we explore what this means for both buyers and sellers in today’s market.

If you're considering buying or selling a home in the next 6 to 18 months, this information is crucial! We break down the current landscape, including mortgage rates hovering around 6.5% and the stable unemployment rate of 4.1%.

Discover expert predictions for mortgage rates as we look ahead to 2025 and discuss strategies for navigating the market—whether you’re buying your first home or selling your current one.

Timestamps:
00:00 - Introduction to the September jobs report
00:22 - Impact on mortgage rates
01:00 - Job numbers vs. expectations
01:40 - Current mortgage rate overview
02:10 - Unemployment rate analysis
02:50 - Year-over-year mortgage rate comparison
03:30 - Predictions for future mortgage rates
04:15 - Inventory trends across states
05:00 - Market implications for buyers and sellers
06:00 - Strategic advice for home sellers
07:15 - Advice for home buyers
08:00 - Summary and final thoughts

Tom's Take Audio (8)

Real Estate team leader Tom Toole shares valuable information on recent trends, production hacks, and current events for consumers and agents in weekly episodes of Tom's Take and Agent Hacks.

New tracks tagged #housingaffordability,