Episode 92: Do YOU Know If We Really Are In A Recession?

There are a lot of headlines out there causing fear and confusion😨, talking about how we are in a "recession" or about to be in a recession. Do you know what it actually means to be in a recession and what the signs are?📉 Well listen to today's show with our expert guests Joe Smith from Epic Mortgage, Anthony Penna from Navi Title, and of course our Host Rebecca Hidalgo Rains of Integrity All Stars to find out what exactly it means to be in a recession and what to expect for the future!🙌 1:10 - Rebecca intros Joe & Anthony 4:00 - Rebecca explains GDP 7:10 - 2 Stages of a market economy 8:28 - Joe's definition of a recession 11:30 - Important takeaway about Recession 12:05 - Why do the feds have to raise rates? 13:30 - Declining market economy chart 14:55 - Summary of why interest rates are going up 20:55 - What could the next 18 months look like? 22:30 - Why is gas cheaper in Payson than in the valley? 25:00 - Recession & its effects on jobs 27:40 - Gilbert, AZ is expanding 30:50 - AZ's economy is now considered a light industrial 32:00 - The #1 reason big companies are moving to AZ 33:28 - 5 of the fastest-growing cities in the U.S. 35:30 - A recession doesn't equal a housing crisis 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 Follow us on Facebook & Instagram @GratefulHeart.Tv 😄 Listen 📻 to the full show anywhere you stream podcasts! Don't forget to Like & Subscribe! 🙏