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What if the post-election landscape could be your golden ticket to real estate success? Join Martin Perdomo, the Elite Strategist, on Wealthy AF as we explore the sizzling US multifamily market and its latest trends. With the Federal Reserve's back-to-back interest rate cuts igniting a homebuyer resurgence, the market is heating up like never before. Redfin’s homebuyer demand index is soaring, and pending home sales have jumped 4.7% year over year. Although mortgage rates remain high, early-stage buying is on the rise, signaling it's time to strategize whether you're buying, flipping, or holding properties.
In this episode, we also spotlight a monumental shift for New York City renters thanks to the new Fairness in Apartment Rental Act. This legislation now requires landlords to shoulder broker fees, potentially saving renters thousands in upfront costs. But what does this mean for the future of rents in the Big Apple? We break down the implications, weighing the pros and cons of this controversial law that has the real estate industry buzzing. Dive into these dynamic changes and discover how they might shape your wealth-building strategies in today’s evolving market.
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