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Be Wealthy & Smart

Why Home Buyers are Playing the Waiting Game

Be Wealthy & Smart

Linda P. Jones

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

4.8883 Ratings

🗓️ 30 August 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Discover why home buyers are playing the waiting game.

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 1, 1996.

0:03.0

I'm gonna live no rich life.

0:06.0

Rich life.

0:08.0

Pull that's life.

0:10.0

If y'all know what I mean, put your hands up and declare with me

0:13.8

Yeah, I'm full of bed

0:16.0

I'm gonna live a good life

0:20.7

I'm gonna live a good life

0:21.1

a beautiful and glorious life Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and

0:30.3

bosses on be wealthy and. And now here's your host, Linda P. Jones.

0:37.0

Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor,

0:42.0

Empowering Women and Men Worldwide to Financial Freedom.

0:45.0

On today's show, we're going to talk about why homebuyers are playing the waiting game.

0:49.3

And what was really interesting was the statistic that home sales fell 6.9% during the last four weeks ending August 25th.

0:58.5

That was the biggest annual decline in nearly a year.

1:02.0

What was surprising is that the weekly average mortgage rate

1:05.1

dropped to its lowest level in 15 months, but I think what we're seeing here is

1:09.3

people waiting even

1:15.0

if it's even longer for interest rates to drop. They know September 18th is probably a 25 basis point interest rate cut.

1:18.0

Some say maybe even 50 basis points or half a percent.

1:21.0

We'll have to see, I'm in the quarter of a percent camp, but home

1:24.9

buyers are really playing the waiting game. They're waiting to see if mortgage

...

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