Episode #21 - Market Trends & Million-Dollar Market Projections

In this episode of The Mortgage Mindset, we bring you the latest market update and delve into intriguing real estate projections. We start by discussing key economic reports released on Thursday, October 31, 2024, including Core PCE (m/m) September, Core PCE Inflation (y/y) September, and Employment Costs for Quarter 3. These data points shed light on current economic conditions and potential implications for the mortgage market.

Following the economic overview, we provide an update on the national average interest rates for residential mortgages, highlighting what these numbers mean for buyers, sellers, and real estate professionals navigating today’s market.

Finally, we explore a fascinating article from the New York Post titled "10 Affordable Cities Poised to Become Million-Dollar Markets in a Decade". This analysis reveals which U.S. cities could see home values reach or exceed the million-dollar mark by 2033, driven by strong buyer demand, limited housing inventory, and strategic positioning. Tune in to understand the potential opportunities and shifts that may reshape the real estate landscape in the coming years.

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Trevor Otsuka | NMLS #2024662 | The Mortgage Mindset powered by Barrett Financial Group, LLC | Corp NMLS #181106 | 8485 W Sunset Rd Suite 202, Las V| NV 5091 |  Equal Housing Opportunity | This is not a commitment to lend. All loans are subject to credit approval. | By refinancing, finance charges may be higher over the life of the loan | nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106

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10 Affordable Cities Poised to Become Million-Dollar Markets in a Decade