Soaring Mortgage Applications Will Change the Housing Market

Mortgage Applications have skyrocketed in the first 3 weeks of January 2024. Home Buyers are flooding the housing market, creating a positive outlook for 2024
In January of 2024, Mortgage rates have risen to a 6-week high. Despite these rates, Buyers are still flocking to purchase a house with a +20% gain in 3 weeks. This data provides some strong correlation supporting a healthy housing market in 2024.
Dallas, Texas, in particular, looks very healthy, with the average days on the market for homes moving around 29 days for single-family residences.
Come along for the journey and see where these key metrics are pointing us for the rest of the year!
#HousingMarket #builder #realtor #realestate #dallastexas
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00:00 Intro
01:04 Mortgage Applications
01:53 Housing Supply Effects
02:15 Refinance Applications
02:58 January FHA & VA Loans
03:27 Mortgage Rate Drop Lag Time
03:50 Current Mortgage Rates
04:58 Housing Market In 2024
05:43 Home Buyer's Aren't Waiting
06:21 2024 Outlook
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