Are We In a Lame Duck Housing Market?

Welcome back dream makers, today we are discussing what's a lame duck housing market. CNBC's article "Mortgage demand drops, as homebuyers wait for lower rates" hints that consumers don't want to accept these high rates. Incoming data shows inflation rates have come down significantly, as we all anticipate rate cuts coming soon. We've personally seen demand dropping in applications this week as consumers hit pause until rates come down. We discuss the risk to buyers waiting: competition and home prices rising.

Tune in to this episode to gain a deeper understanding of the current market dynamics and discover how you can better support your clients in achieving their homeownership dreams. Whether you're a seasoned professional or new to the industry, this discussion offers valuable insights to help you navigate today's real estate landscape.
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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.