Episode 138: Market Update - A Broken Clock Is Right Twice A Day

Join us for our latest market🏠 update, featuring expert guests and sponsors Joe Smith of Epic Mortgage, Tara Krieg of TK Team Lending, and Anthony Penna of Navi Title who is appearing on the show IN PERSON for the first time,😄 and of course our host Rebecca Hidalgo Rains will be leading the conversation. We'll discuss the state of the current housing market🏠, including how the last couple of years of real estate have been known as the 🦄"unicorn years" and are an anomaly. We will also discuss what may happen with interest rates and the housing market if rates are to drop, what assumable loans are (check out our Show Extras tab to learn where to find these types of loans), why we still think NOW is the best time to purchase a home🙌, and at 8:21 you will learn why we named this episode "A Broken Clock Is Right Twice A Day".😂 Don't miss this unique opportunity to get the real facts about the housing market and hear the honest opinions of our expert guests! And to top it all off, we have a special surprise🤫 guest who has never been on the show before - be sure to watch till the end to find out who it is!😲 Listen & Learn: 1:00 - Rebecca intros Anthony, Tara, & Joe 3:30 - If rates drop it will be “nuts” again 6:00 - Rebecca goes over the Cromford chart of Average Home Sales price 9:22 - Advice for people looking to buy now 9:55 - Where we are at with supply and days on market 12:02 - Tara explains how assumable loans work 15:03 - Tara’s real-life example of how to use the FULL benefits of your VA loan 21:30 - Anthony explains what the “unicorn years” means 23:30 - Home Appreciation during Unicorn Years 25:25 - Percent change in home prices in the last 5 years 28:06 - How you are more protected during a financial hardship by owning vs renting 29:26 - Is now a good time to buy? 31:18 - The shift Joe is noticing in regard to millennial buyers 33:05 - The Cromford Index Chart for the last 22 years 35:09 - Anthony’s chart on foreclosures 38:15 - New listings down 98.5% 38:55 - Barry Habib video 41:05 - Joe’s final thoughts about buying homes now or waiting 43:53 - Anthony’s final thoughts 44:48 - Tara’s final thoughts 46:06 - Surprise show guest final thoughts 46:57 - 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 - Owner 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