Homebuyers are 'drunk' on rate cut hopes: Broker

Mickey Conlon News

Homebuyers are 'drunk' on rate cut hopes: Broker
Mortgage RatesReal Estate SalespersonHousing Starts
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With mortgage rates still high, many prospective homebuyers are waiting on the sidelines until rates come down. The impact of these higher rates is evident...

Douglas Elliman Licensed Real Estate Salesperson Timothy Malone and Compass NYC Real Estate Broker Mickey Conlon joins Wealth! to discuss the current state of the housing market .the current buyers in the market are those who"need to buy right now," while everyone else is waiting on the sidelines. He advised buyers to"negotiate the sales price," as the sellers who"need to sell right now are very negotiable.

Lawyers for former President Donald Trump said his $175 million bond posted to satisfy the judgement in the New York civil fraud case is financially sound, and they asked the judge to set aside the attorney general’s challenge to the bond and award him costs and fees.Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share.

Canada's inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate-cut bets VANCOUVER — Home sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could be buyers waiting for lower interest rates. The B.C. Real Estate Association says the province saw 6,460 residential unit sales in the Multiple Listing Service systems last month, a 9.5-per-cent decline from March 2023. The overall dollar volume of home sales also fell 3.6 per cent from the same month last year, dipping to $6.6 billion.

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