$1000 Giveaway, Fed Rate Cuts, Latest Market Update, & So Much More

Hello, everyone! I'm excited to share the highlights from Episode 7 of the Franco Dinh Show. In this episode, we cover a variety of topics that I think you'll find insightful and engaging.

Franco Update

I kicked off the episode with a personal update about my Tesla, which faced some unexpected car troubles due to a dead 12-volt battery. I didn't know there was an accessory battery, I thought the whole car was the battery. Thankfully, it's all fixed now under warranty, and the AC is back in working order!

Market Update

Next, we delved into the real estate market. With active listings holding steady at 21,000 and days on the market remaining at 71, it’s clear that the market is stable. A notable 4.7% increase in listings under contract indicates rising demand, which is exciting to see!

Real Estate News

We also discussed a significant development: the Fed's recent decision to cut rates by 50 basis points, marking the largest cut in over four years. However, mortgage rates have seen a slight uptick, with conventional loans at 6.15% and FHA around 5.7%.

FAQ with Franco

In the FAQ segment, we addressed a great question from a client about whether now is a good time to sell and buy. Right now, it's a competitive landscape due to lower interest rates and the importance of staying informed about market conditions. Things change for the good and bad, so buy now.

Franco's Picks

NFL Fans! Here are my picks for the week, including the Falcons +4.5 vs. the Chiefs and the Rams +7 vs. the 49ers. It's always fun to mix sports with real estate!

Survivor Pool Update

Lastly, I’m excited to announce that Franco is giving away $1,000 to the winner of his survivor pool! With some significant upsets in recent games, it’s been a wild ride for participants.

I encourage you to engage with the show and follow us on social media. Your thoughts and feedback are invaluable to us!

Thank you for tuning in, and I look forward to sharing more insights in our next episode!