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Podcast: The Tom Toole Sales Group Podcast
Episode: Real Estate Insights Amidst Interest Rate Shifts - Tom's Take 369
Description: 📉 Jerome Powell's latest statement on interest rates is crucial. He doesn't expect rates to return to pre-pandemic lows, and that's significant for anyone considering real estate decisions in the next 6 to 24 months.
🏠 Rates were in the mid fours pre-pandemic, but projections suggest they'll be in the low sixes by 2024. Waiting for lower rates isn't wise due to potential inflation risks.
🔍 Over 86% of homeowners have rates at 6% or less, and home prices are appreciating, especially in certain areas. Waiting may mean missing out on equity and paying rent without building equity.
💼 For sellers, rising inventory suggests now might be the time to act, espe...