Eyes Open | Ep. 1: Homebuyers, Rates, Inventory, Next?

Ash and Connor kickoff the podcast series with a market update covering topics ranging from mortgage rates to the intricacies of today's Sellers market. Ash is a Realtor servicing the DC, MD, and VA residential real estate market. He's joined by Connor who is a Loan Officer at Movement Mortgage, advising Buyers on their financing strategy when purchasing a property.
DMV in this context implies DC, MD, VA region, not Department of Motor Vehicles.
Timestamps:
0:00: Intro
0:55: What's happening in today's mortgage market?
4:35: What do we mean by home inventory?
6:07: Difference between Buyers & Sellers market
7:40: Should I time my home purchase?
12:15: Loan application activity as of today
17:25: Where mortgage rates are going next
22:00: First-time homebuyer programs that save you $$$
25:12: Strategies to find the right home and win offers
29:37: How to contact Connor
Contact Ash 🏡
Instagram: @theasharora
Email: [e-mail]
Web: theasharora.carrd.co/
Contact Connor 🏦
Instagram: @cpolserofficial
Email: [e-mail]
Web: movement.com/lo/connor-polser
#MarketUpdate #MortgageRates #HomeInventory #SellersMarket #VarityHomes #MovementMortgage

[@JT0007]

Home prices are going up once interest rates come down 🫡🇺🇸🇮🇱🏴󠁧󠁢󠁥󠁮󠁧󠁿

[@theasharora]

Totally, the hope is that more new construction projects wrap up in 2024 to compete with Buyer demand

[@JT0007]

@@theasharora everyone is saying will prices fall. How-there are very few buyers today. Only wealthy. Even if the economy crashes, we already don’t have the lower class buyers. So when interest rates drop I don’t care if the economy explodes, home prices will still go up. 🫡🇺🇸🇮🇱🏴󠁧󠁢󠁥󠁮󠁧󠁿

[@theasharora]

@@JT0007 prices could drop in remote locations where there may not be as much demand. For example specific areas in FL have seen prices cool off after high demand during the pandemic.
I’d encourage connecting with a lender on loan products that help lower your financial burden, and your local relator for any state regulations where subsidies and price control are an option.
Feel free to DM and we can talk through this in further detail!