The Expert Podcast

• Discussion on the favorable position of homebuilders and developers in the housing market over the past 2-3 years.
• Anticipation of a drop in interest rates in the coming months and its potential negative impact on builders.

• Existing homeowners with mortgage rates around 2-4% are reluctant to sell.
• New mortgage rates are significantly higher (7-8%), creating a disincentive for homeowners to move.

• Scarcity of homes for sale due to reluctance to sell existing properties.
• Resulting bidding wars on available homes, leading buyers to consider new construction as the only option.

• Expected drop in interest rates to around 5-5.8%.
• The reduced difference in mortgage rates (e.g., from 3.8% to 5.8%) may encourage more homeowners to sell.
• Increased resale inventory could provide buyers with more options beyond new construction.

• Builders may face decreased demand for new homes as resale options increase.
• Observations of price reductions on new homes, a trend not seen in the past 36 months.
• Significant price cuts reported for newly constructed homes listed earlier in the year (e.g., reductions of $8,000 to $15,000).

• More options and potentially lower prices for buyers in the market.
• Current homeowners looking to sell may benefit from increased buyer activity due to lower interest rates.
• Potential negative effects on home sellers and mortgage companies.

• Encouragement for listeners to share their experiences and strategies regarding home buying or selling in the current market.
• Invitation to reach out with questions or comments.

• Promotion of live, one-on-one consultations available through Actual Human, covering various topics including real estate and mortgage options.

• Appreciation for listeners and reminder to utilize consultation services for personalized advice.