Good morning and have a wonderful Thanksgiving,
Many wonder about recent volatility in our financial markets – moving within a wider range than normal. If one considers the wide-range of changing factors – strength of our economy, November elections, weakness in China, stable inflation, and lower energy cost – one can begin to understand the confusions of the current market, as it adjusts to these many parameters. Add to these: 1) As last month, The Federal Reserve stopped buying US Treasuries and Mortgages. This after 8 years of buying. Now the EU is strategically talking of doing the same, next month.
Yes, our markets are very interactive. Yet there is more. Consider: 1) significant stimuli from tax cuts – business and personal – along with regulation reforms, plus 2 ) effects from changes to Health Care, Dodd-Frank, and the new trade deals with Mexico and Canada.
But we can’t stop here. For decades, we were the powerhouse of innovation. Yet today, much of this has been lost, as now there are three, not just one – US, EU and China. What plays into this larger picture? Several factors: corporate IP theft, outsourced manufacturing, taxation, tariff differentials, and reduction in re-investment in R&D. It is troublesome as this picture is huge, complex, and intricate. Thus we try to carefully study and be aware of the many educated-guesses. For certain, one needs to be nimble, prepared, ready, and informed. Call us. We can help.
However, in the end, amidst the many details, it is still about both Seller and Buyer agreeing on a mutual set of terms, with the Buyer driving the process. Even today, when the Seller seems in the driver’s seat – it is still the Buyer who decides to pass or play. Call today & plan for tomorrow.
What is our role? Help the Buyer meet the financial terms of the Agreement and provide a safe and secure lending solution. At days end, the one answer that matters is the Buyer.
Our market news this month, speaks to the dynamics of current sale in real estate. 1) Sales are down, and 2) smaller homes – on average – are being purchased. An interesting ‘voice’ from Buyers to the Sellers in the market, as they respond to rates and monthly mortgage payments.
Spring buying will give us a better sense of increasing wages, more jobs, and how Buyers feel about tomorrow. Thus for myself, I see Buyers taking a healthy breather, with Sellers waiting to learn more, as Spring approaches, or not. Now is a perfect time for Buyers to start planning today.
August-Over-August National appreciation was 5.8 %. Appreciation has slowed and asking prices have become more reasonable. Locally, in 2017, we had a once in a lifetime ‘Spring’ price boom in the 2nd half of the year. This lead to an appreciation rate nearing 20 %. This year, we have returned to a more normal market, one where the 2nd half of the year cools from the 1st half.
Recent Residential Success Stories
Buyer inquiries are picking up as news about a market slowdown is piquing interest. We will keep watching. On the refinance side, even with higher rates, many continue to find solid reasons to participate in using the equity of their home – re-positioning, re-balancing of credit debt, or updating ones property. There is far more to refinancing than interest rates. Give us a call, let’s share in an important conversation and see what great works can be done, for you or a friend.
Good news: From now until Spring, I believe there will a healthy calm, as Buyer and Seller anticipate Spring. Plus, with the end of the election cycle, we might benefit from another tax break for the working family? Spring will be fun, so start considering your options, today.
Because You Matter
We work with individuals, professionals, and Small Business owners. And like you, our focus is on securing the most advantageous financing best fit for you, your real estate, or small businesses. Our initial ‘sit-down’ often proves “key” to your next success story. It is a step based on our experience and expertise. We carefully review the tools of our trade best able to achieve the success you seek. It is an effective use of time and efficient in defining productive solutions.
Our distinctive difference: Our Company has been in business 16 years, focusing on financial “solutions” for residential, commercial, small business, and construction. This includes Reverse Mortgages, tax-advantage financing, and advantageous loans for small business and commercial. For Myself, the focus of my 28 years is bringing the joy of success to real estate financing. I love what my multi-disciplined experience can bring to my clients. It is my passion.
Our approach and experience sets us apart and offers a solid reason to call today.
As you can tell, home finance is far more than a scant overview of rates and fees. What is needed is a financial specialist who wants to know you and your concerns – one who is able to address your needs. It is how we best optimize your desires, within the right loan.
My suggestion: Plan Today, so you will be ready for your Tomorrow.
One closing thought: Yes, the standard loan is our bread and butter. Yet we love a good challenge and are ready to help today. We love to hear “Yes”, when others say, “no way”. Give us a call. Our many referrals speak to the quality of our workmanship.
As always, thank you for your calls and referrals. Your success is our priority.