Episode 129: Market Update - This Is The Show Before It Goes "Nuts" Again

Join us for our newest Market Update with our expert sponsors 😄 Tara Krieg, Joe Smith, and Anthony Penna, hosted by Rebecca Hidalgo Rains. We'll be discussing all things real estate🏡, lending, and current economic trends!📈 Including the new FHA loan limits and how housing prices are on the rise once again as we feel this is the calm before the storm.⛈️ Our experts will provide their insights and perspectives to help you navigate🧭 the current market conditions and make informed decisions. Anthony will help make sure you put data📊 over drama and don't fall for sensational headlines that often do more to terrify than clarify. Tune in now for the most current news & stats! Be sure to check out our 'Show Extras' tabs to see all these charts for yourself! https://www.gratefulheart.tv/2023/04/21/episode-129-show-extras/ Listen & Learn: 0:50 - Rebecca intros 2:00 - Rebecca revisits the last market update 6:36 - Cromford: Listings under contract chart 7:49 - Market Cycle chart 9:21 - FHA loans are back! 11:40 - FHA new loan limits 13:05 - Cromford Report stats 16:05 - Cash out refinance options 17:50 - Market Conditions Summary 24:18 - 2022 Age of Homebuyers vs 2023 27:18 - Anthony's chart on new listings 31:43 - Joe's comparison of the market in other states 33:05 - What is the California Mansion Tax 35:04 - Home prices up in a majority of the country 38:42 - Average income going up & Inflation 42:12 - Barry Habib and where he thinks we are at with the current market 44:53 - Are we in a recession? 46:25 - Joe’s final thoughts 48:16 - Anthony’s final thoughts 49:20 - Tara’s final thoughts 51:00 - Rebecca’s final thoughts Special Guests: Anthony Penna - Senior Vice President at Navi Title: "There is nothing more satisfying than helping people achieve their goals by providing them with opportunities to excel in their business. It’s an awesome process that I feel very fortunate to be a part of." Navi Title Agency is an Arizona-based full-service title agency. They offer competitive escrow and title solutions complemented by a strong tradition of grassroots standards. Phone: 602-510-8848 Email: [email protected] Website: www.navititle.com/ Joe Smith - Owner/Broker of Epic Mortgage: Joe Smith first started in the mortgage business in 2002 as a loan officer. He quickly established himself as a top producer, eventually managing the state of Arizona for a top 10 mortgage lender. After 17yrs in traditional retail banking, working for many top companies in the mortgage business he decided to make a jump to becoming a mortgage broker himself. Currently, Joe is the Broker and Owner at Epic Mortgage and is definitely someone you're gonna want to go to for advice on lending! Phone: 602-741-4121 Email: [email protected] Website: www.myepicloan.com Tara Krieg - Branch Manager & Senior Loan Officer of TK Team Lending: Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years' experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage-related financial consulting and planning, and personal coaching of Junior Loan Officers. Phone: 480-344-1951 Email: [email protected] Website: www.tkteam.us Follow us on Facebook or Instagram @GratefulHeart.Tv💖 Listen🎧, Rate🌟, & Subscribe on Spotify & Apple Podcasts