Transcribed
Insights for First Time Homebuyers: Demystifying the Housing Market, Interest Rates and The Fed
Nov 8, 2023 ·
34m 3s
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Insights for First Time Homebuyers: Demystifying the Housing Market, Interest Rates and The Fed
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Description
Ep 78 - Welcome to another exciting episode of The Share the Wealth Show! Today, we are delighted to have David Ball join us as our guest, where he will...
show more
Ep 78 - Welcome to another exciting episode of The Share the Wealth Show! Today, we are delighted to have David Ball join us as our guest, where he will share a wealth of knowledge on the real estate market.
In this engaging conversation, Nicole and David delve into various aspects of the real estate landscape, mortgages, and the current economic environment, covering the following key points:
🏘️ Exploring the recent alterations in down payment requirements for multi-family residential properties.
💼 Highlighting the benefits of opting for conventional loans over FHA loans.
💹 Analyzing the impact of inflation on interest rates and its repercussions.
📊 David elucidates the historical backdrop of interest rates and explains why waiting for significantly lower rates may not be a prudent approach.
💰 Stressing the significance of setting specific goals and devising a customized budget that aligns with individual circumstances when contemplating a home purchase in 2024 or 2025.
📈 Discussing diverse predictions regarding future home price trends, with varying forecasts ranging from slight decreases to moderate increases.
Don’t miss out as David provides invaluable insights into the real estate market and the multitude of factors influencing it, empowering potential homebuyers to make well-informed decisions. 💡
David is a Navy veteran who turned a heartbreaking event into becoming one of the most trusted voices online in homebuyer education. His loan was declined 2 weeks before he and his fiancé were scheduled to close on their home (6 weeks before their wedding). Although tragic at the time it became a fortuitous fork in the road.
He went all in on learning mortgage guidelines, becoming the ultimate home buyer educator so no one would have to experience what he went through. Seven years later David is one of most versed real estate professionals around when it comes to breaking down housing market news and mortgage guidelines. He’s been a licensed loan officer, mortgage underwriter and Realtor helping 100s of people become educated 1st time homebuyers off-line in real life too.
________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:https://noirvestholdings.kartra.com/page/microfamilymavericks
Check out our podcast website!Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
Key Quotes:“What should you do in the in the in the future when it comes to to buying a home? It really depends on your specific scenario but I don't want you to be afraid of the market because rates are like the fives or sixes and if the numbers still work for you. It's all about establishing your what I could call like your, your why? Like why are you buying a home in the 1st place, like establishing those goals there, establishing a proper budget when it comes to buying home.” - David Ball
“There's markets within the markets and typically whatever, like the the bottom of the market is wherever you're at that market, there's always going to be competition no matter what rates are because home prices are continuously going up, but like wages aren't going up and so home prices are going up. So, there's less and less people that are able to afford what's on the market. So if you you're looking more in the middle to maybe the higher end or whatever the market is your your local area, that's where there's more opportunities available for you.” - David Ball
Connect with David!Socials:https://www.instagram.com/houserichdave/https://www.tiktok.com/@houserichdavehttps://www.youtube.com/@Homebuyingtipshttps://www.linkedin.com/in/daveballjr/
___________________________________________
Let’s get connected! You can find Nicole on LinkedIn https://www.linkedin.com/in/nicole-pendergrass/Instagram https://www.instagram.com/nvestornikki/?hl=enFacebook https://www.facebook.com/nvestornikki
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In this engaging conversation, Nicole and David delve into various aspects of the real estate landscape, mortgages, and the current economic environment, covering the following key points:
🏘️ Exploring the recent alterations in down payment requirements for multi-family residential properties.
💼 Highlighting the benefits of opting for conventional loans over FHA loans.
💹 Analyzing the impact of inflation on interest rates and its repercussions.
📊 David elucidates the historical backdrop of interest rates and explains why waiting for significantly lower rates may not be a prudent approach.
💰 Stressing the significance of setting specific goals and devising a customized budget that aligns with individual circumstances when contemplating a home purchase in 2024 or 2025.
📈 Discussing diverse predictions regarding future home price trends, with varying forecasts ranging from slight decreases to moderate increases.
Don’t miss out as David provides invaluable insights into the real estate market and the multitude of factors influencing it, empowering potential homebuyers to make well-informed decisions. 💡
David is a Navy veteran who turned a heartbreaking event into becoming one of the most trusted voices online in homebuyer education. His loan was declined 2 weeks before he and his fiancé were scheduled to close on their home (6 weeks before their wedding). Although tragic at the time it became a fortuitous fork in the road.
He went all in on learning mortgage guidelines, becoming the ultimate home buyer educator so no one would have to experience what he went through. Seven years later David is one of most versed real estate professionals around when it comes to breaking down housing market news and mortgage guidelines. He’s been a licensed loan officer, mortgage underwriter and Realtor helping 100s of people become educated 1st time homebuyers off-line in real life too.
________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:https://noirvestholdings.kartra.com/page/microfamilymavericks
Check out our podcast website!Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
Key Quotes:“What should you do in the in the in the future when it comes to to buying a home? It really depends on your specific scenario but I don't want you to be afraid of the market because rates are like the fives or sixes and if the numbers still work for you. It's all about establishing your what I could call like your, your why? Like why are you buying a home in the 1st place, like establishing those goals there, establishing a proper budget when it comes to buying home.” - David Ball
“There's markets within the markets and typically whatever, like the the bottom of the market is wherever you're at that market, there's always going to be competition no matter what rates are because home prices are continuously going up, but like wages aren't going up and so home prices are going up. So, there's less and less people that are able to afford what's on the market. So if you you're looking more in the middle to maybe the higher end or whatever the market is your your local area, that's where there's more opportunities available for you.” - David Ball
Connect with David!Socials:https://www.instagram.com/houserichdave/https://www.tiktok.com/@houserichdavehttps://www.youtube.com/@Homebuyingtipshttps://www.linkedin.com/in/daveballjr/
___________________________________________
Let’s get connected! You can find Nicole on LinkedIn https://www.linkedin.com/in/nicole-pendergrass/Instagram https://www.instagram.com/nvestornikki/?hl=enFacebook https://www.facebook.com/nvestornikki
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| Organization | Nicole P. |
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