• #0045 - Market Awakening: Sales Surge as Banks Prepare for Mortgage War

  • Nov 24 2024
  • Length: 5 mins
  • Podcast

#0045 - Market Awakening: Sales Surge as Banks Prepare for Mortgage War

  • Summary

  • In this week's episode, we dive deep into October's remarkable 7.7% surge in home sales, breaking above the 10-year monthly moving average for the first time since rate hikes began. We explore the implications of major banks preparing for an unprecedented "mortgage war" as 55% of mortgages come up for renewal in the next two years. With housing starts up 8% and warnings of potential mortgage arrears in major markets, we analyze what these converging forces mean for buyers and sellers. Visit tanteam.com for our complete market analysis and strategic recommendations.

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