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Be Wealthy & Smart

Active Home Listings Are Up 15% Over Last Year

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8883 Ratings

🗓️ 1 November 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Discover why active home listings are up 15% over last year.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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Transcript

Click on a timestamp to play from that location

0:00.0

Be Wealthy and Smart, episode 1423.

0:03.0

I'm going to live a good life.

0:22.1

Beautiful and glorious life.

0:25.4

Step into a world of wealth and financial freedom without budgets, boredom or bosses on

0:31.8

Be Wealthy and Smart.

0:34.3

And now, here's your host, Linda P. Jones. Welcome to Be Wealthy and Smart. I'm Linda P.

0:40.8

Jones, America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show,

0:46.3

we're going to talk about active home listings are up 15% from last year. And you won't believe

0:52.8

some of the other statistics out from this Redfin

0:55.7

survey that was done on housing and home buying listings and sales. First of all, pending U.S.

1:01.7

home sales rose 3.5% over last year during the four weeks ended October 20th, which is the

1:07.5

biggest increase in three years, with the exception of the prior four-week period

1:12.0

where they rose 3.7%. Locally, pending sales are up in 35 of the 50 most populous U.S. metro

1:19.5

areas the most in three years. Demand is also holding up at earlier stages of the home buying

1:25.0

process. Redfin's home buyer demand index, a measure of tours

1:29.3

and other buying services from Redfin agents, hit its highest level since May and is up 3% year-over

1:35.9

year. The weekly average mortgage rate is 6.44% up from a two-year low of 6.08% at the end of

1:43.0

September, and the average daily mortgage rate is 6.92%,

1:47.0

which is the highest level since July. Even with rising interest rates and stubbornly high home prices,

1:54.6

cash buyers are propping up home sales. Mortgage purchase applications fell 5% in the last week,

2:02.6

dropping near their lowest level in a year, even as pending sales and early stage demand held up.

2:06.6

That plus higher mortgage rates have pushed monthly housing payments near to their highest level since July.

...

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