The Tom Toole Sales Group Podcast

The Tom Toole Sales Group Podcast

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.

  1. 1d ago

    Can Mortgage Rates Drop Below 7% Before the Holidays? 4 Things That Must Happen | Tom’s Take 503

    Mortgage rates hit their highest level of the year just weeks ago and are still hovering in the mid-7% range. So is there a path back to 7% or lower before the holidays? There is, but it would take four things going perfectly at the same time. In this episode of Tom’s Take, Tom Toole breaks down the four events that would need to happen for rates to fall below 7%, why he doesn’t expect all four to line up, and what today’s market means for buyers and sellers in Philadelphia and the suburbs. What would have to happen for rates to drop: 1. The Iran conflict ends and oil prices fall 2. Softness in the AI tech build-out and financing 3. No escalation in the trade war or new tariffs 4. Weaker economic and labor data, with the 10-year yield above 5% What it means for sellers: Inventory in the suburbs is still under two months of supply, and closer to four months in Philadelphia. Prices are still rising at a more moderate pace, so pricing right at or just below the last comparable sale matters more than ever. What it means for buyers: Canceled listings in the Philadelphia metro area are up over 40% compared to last year, and inventory is up almost 20%. The next 60 days could be full of opportunity for buyers who are ready to negotiate and make strong offers on homes that have been sitting. The bottom line: The market we’re in is the market we’re going to be in. Understanding that will help you make better real estate decisions now and in 2027. Timestamps: 0:00 Can rates get back to 7% before the holidays? 0:53 The 4 things that would have to happen 0:57 #1: Iran conflict and oil prices 1:33 #2: AI tech build-out 2:03 #3: The trade war 2:30 #4: Economic and labor data 3:11 What could push rates higher 3:29 How likely is it? 4:19 What this means for sellers 5:15 What this means for buyers 6:25 The bottom line 📅 Want to talk about your real estate plans? Schedule a call with our team: [link] 🔔 Subscribe and hit the bell so you never miss a Tom’s Take. Tom Toole Sales Group | RE/MAX Main Line
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    Can Mortgage Rates Drop Below 7% Before the Holidays? 4 Things That Must Happen | Tom’s Take 503
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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.

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