Is the housing market at a tipping point?

01/08/2023 5 min
Is the housing market at a tipping point?

Listen "Is the housing market at a tipping point?"

Episode Synopsis

Today we're looking at 4 indicators highlighted in an article from National Mortgage Professional: 1. There were 28% fewer homes for sale this June than one year ago2. Homeowners with rates above 5% twice as likely to list3. Monthly mortgage payment up 13% YOY4. Avg. home price hits $350,000! Is this enough to tip the scales back to a healthier housing market? Listen in as we discuss.__________ Read the original article here. _______Grow your business at the best Network in Mortgages: ______FREE MARKETING RESOURCE: 5 Ways to Get Ahead in a Down Market_________ Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.See more at TodayInMortgages.comWant to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here. Learn more about Network Funding on our parent site. Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.