Paul Mark Morris opens the Forward One podcast with a “waiting market” thesis as national median home prices hit a record $440,600 while pending home sales fell 5.4% in June across all regions. He reviews key data: existing sales running near 4 million annually, inventory at 1.56 million (4.6 months’ supply), first-time buyers at 33%, and the 30-year fixed rate at 6.58% (second weekly increase), with daily quotes briefly touching 6.85%. He explains how war-related oil spikes and inflation pressures are moving the 10-year Treasury and mortgage rates, and previews a Fed meeting where a hike is a live possibility. He frames the market as a standoff, not a crash, offers rate/payment examples, urges agents to use local MLS metrics, and provides three client conversation frameworks for buyers, sellers, and crash fears, noting low distressed sales and only 2% of mortgaged homes underwater.

*More from Paul*
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*Presented by Forward One Real Estate*
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Timestamps
00:00:00 Buyers Are Waiting
00:00:47 This Week’s Market Setup
00:01:51 Key Numbers Dashboard
00:04:55 Mortgage Rates Explained
00:09:33 The Standoff Opportunity
00:14:53 Why Rates Moved
00:18:47 Fed Meeting Watch
00:23:09 Local Metrics That Matter
00:27:41 Client Conversation Frameworks
00:36:32 Crash Talk With Data
00:41:08 Wrap Up And Next Week