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Is a HOT winter housing market here? Is this a disaster for first time home buyers?
Manage episode 395982460 series 3067234
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🏠 This week's episode packs a punch with the latest industry updates and trends. We're kicking off with a deep dive into Zillow and ShowingTime's lawsuit against multiple listing services - a must-listen for industry professionals. Next up, Real Brokerage announces two innovative programs for Teams & Brokerages, reshaping the landscape for real estate professionals.
Stay tuned as we explore Gen Z’s stagnant homeownership rate in 2023, contrasted with gains seen by Millennials and Gen Xers. Discover why empty nesters own twice as many large homes as Millennials with kids, and the implications for the housing market. We're also breaking down the "Lock-in Effect" - revealing why 89% of people with mortgages now have an interest rate below 6%.
Don't miss our analysis of the early-stage demand uptick as mortgage payments fall and more homes hit the market. Plus, we'll discuss how homebuilder sentiment is improving for the second straight month, following a drop in mortgage rates. Mortgage demand surges over 10% as lower interest rates attract homebuyers, and we'll tell you what that means for you.
Wrapping up, we spotlight the best markets for first-time homebuyers in 2024. Whether you're a real estate enthusiast, a professional in the field, or a potential homebuyer, this episode is packed with insights you won't want to miss! Tune in to "This Week in Real Estate" for your weekly dose of real estate news and analysis. 🌟
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