Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the tiny increase we’ve seen in home sales. Today’s article from Yahoo Finance is titled “US existing home sales rise in May; mortgage rates still a constraint.” Overall, more homes are being listed for sale and the sales prices are appreciating! There are a lot of signs in the market that point to a strong economy: wage growth, low unemployment, low inflation and now increase in home sales. We are moving to a more normal buyer/seller dynamic that will help move some of the inventory built up in the market. But, buyer’s still have a bit of an edge right now, so let’s help our borrowers use that to their advantage. Listen in as we discuss this and more!
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About Today in Mortgages
Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.
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Interest rates are of course making home less affordable nowadays, but that’s not the only increase. Home insurance has increased in some areas as much as 50% in recent years. What can we do about this?
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