Your July 2023 Letter From My Heart with the Good Bad n’ Ugly

Good morning to July – Cooler summer – Cooler economy;

Don’t Miss Out – Prepare Today !!

Enjoy the Spring Home Buying Experience – Normal is Back

How We Can Help

Let’s bring light to the challenges within the whole of the banking sector. The heart of lending is and has always been the creation of trusting connections between you – or your friends – and the multitude of our lending partners. Key is flexibility and being adaptive.

Our role is to specialize in connecting you with lending partners best able to advance your specific home buying needs and experience – home or investment. Our advocacy: You!!

The end of our letter offers more details. Any questions – Please call us.

Real Estate News – Tracking Our Market.

Recent News and Expectations for 2023:

Perspective: Markets returning to historic norms:

While our overall economic indicators continue nudging lower, for the last 14 months, The Conference Board’s Leading Economic Indicators continues to show “contraction”. Unemployment continues nudging upwards with over 260,000 new applicants each week. Media headlines abound with trouble on the horizon.

Yet our Residential Real Estate markets continue to outperform. This despite the media hyping the ‘decline’ in “Housing activity, due to higher rates”. But upon a closer look, we see the underlying numbers telling a different. Nationwide, competition for housing is heating up, with an average of 3.3 offers per sale – up from 3.1. The historic peak was 5.5, last June. In addition, we see 25 % of buyers waiving inspection contingencies.

Add to this home sales are picking up the pace, albeit 20 % off from last year’s peak. At the same time this “pace” would higher except for the fact there is about half the available number of properties as we had in 2019. Even then, we were talking about ‘tight’ supply!

My thoughts: Higher interest rates have been a cooling cloth, quieting the potential for over-heated appreciation, due to the supply shortage. A rational market is a good thing.

Bottom Line: Start Preparing Today With Mike Ryan & Associates

Key to Success: Stay disciplined, prepared and ready to act. Let your Realtor – and the Seller – know of your readiness and commitment to buy. It is a strong step in turning your dreams into reality. For certain don’t let the “All Cash buyer” be of concern. Most Sellers tend to prefer the real life experience of a traditional Home Buyer. Why? Because Homes are personal and family is key to the American heritage.

Let’s Talk Today

Be ready, today. A strong loan application is a winning attitude.

It strengthens your Realtors efforts in selling you and your offer

as the winning offer. Being “best” prepared is sound advice.

Interesting News We Can Use

Interest Rates: With the DC debt issue behind us, for now. There remains the question: How do we pay for it all? This puts our government in the position of needing even more money, increasing the risk for even more rate hikes for investors to consider. I regularly hear of people getting 5 % on their savings.. A piece of good news for personal savings. In the midst of Co-Vid spending, personal savings ran up to 2.5 T dollars in excess savings. Today’s numbers, indicate we still have 1.5 T dollars in excess savings. Keep watch!!

Let’s hope interest rates remain at the level we currently have. Key: Avoid stagflation!!

Are we at a tipping point? Only the Federal Reserve seems to know. My guess: They are carefully watching government spending and if bank management is able to meet its challenges. Good news: Mortgage rates are holding steady. Prepare today. Let’s talk first.

Looking to Buy or Invest this Spring Season?

Call today and begin early preparation now.

This keeps you ready and flexible. It is key.

The Good, the Bad, And the Ugly

The Good – A rather nice list this month

Corporate and event travel is slowing picking up.

Personal savings still better than pre-Co-Vid.

Self-storage properties doing well, as living spaces show a decline in size (increasing rents results in people moving to smaller units).

Restaurants in the Sun-belt region, showing good increases in seating.

Freight rates continue to ease.

The Bad – The West Coast: Ongoing negotiations remain unresolved between Port employers and Longshoreman. The outcome: This benefits Eastern ports. New York and New Jersey have now surpassed LA and Long Beach – for the first time in decades.

The Ugly – Speculation concerning the commercial real estate market. In times of flux, the ability to see down the road becomes more challenging. California is quite unique. It has a high concentration of tech workers, along the coastal areas, while inland communities have far lower costs, for those able to work from home. Question: How will the “office sector” be impacted and adapt? How will it evolve? How will corporations respond? It will prove interesting. For me, I love watching the American spirit take on another challenge, with a willingness to never stop looking for a better way.

Bottom line: Don’t be too discouraged. Instead, keep a sense of balance, and stay encouraged, while being an encouragement to others. We all have challenges in our lives, yet our desire to do better, is our common driving force. Yes, higher taxes, higher interest rates, and higher inflation are a risk to family finances, but history shows even this too, will pass, if we are active and our voices are heard. Let’s hope this reality becomes the common truth.

Planning and Preparation

Should one invest in stocks, bonds, real estate? Each person has a different view, often based upon comfort levels and sense of risk / reward. It is what we call the market place. It is key to one’s “planning and preparation”. It is here, we bring our expertise and experience. Our efforts are to complement your perspective. Our goal: Bring a full range of meaningful options that enhance your vision, based upon todays market realities. Call today. Let’s set a time.

Why Call Mike

What We Do – Why We Are Here

We know how to explore and carefully examine the many available real estate options. We scrutinize for safety and prioritize the most feasible. It is how we build a trusted relationship with you, as you grow your wealth and secure a solid future – for you and your family.

Small Business: We love small business and provide loans offering a full array of financing.

Residential / Commercial: We offer strong lenders and a complete package of lending options.

Tax-deferral strategies: Investment portfolios tend to be dynamic in nature, subject to change and surprise. It is why it is important to keep updated, as to tax law. Herein, is a key question: Pay taxes today or keep your cash, working for you? How? By “deferring projected capital gains tax”? And if keeping your capital – working for you – sounds good, let’s talk. Let’s discuss the best available options and plans-of-approach. Best: We have the professional team who know how to bring it all together. Details matter and they know all the small details.

Why: Why payout up to hundreds of thousands of dollars – even Millions – when there are tools to keep your hard earned money working for you – and your estate. Interested? If so, now maybe a good time to talk – to start planning for tomorrow. Tax planning is a good strategy, especially with new laws wanting to stop you from passing highly appreciated real estate, onto your heirs. Let’s talk. Your estate matters.

What We Do: Our role is to explain and bring clarity to time-tested strategies able to keep your money working for you. For me, this presents a solid opportunity to keep your cash and build wealth. One that is worthy and a profitable use of your valuable time. Let’s talk.

Tools: We offer multiple tools and proven methods for highly appreciated holdings. The goal: Keeping your cash in your proven hands. Our team offers highly qualified and knowledgable professionals, are ready to make it happen.

Retirement: Like myself, as we mature, real estate becomes more personal. If you agree, let’s talk. Together, we can help find answers and solutions to questions about a too soon, tomorrow. We can start today. We can address a range of questions, from working at home, to a multitude of retirement options. Our effort is to bring clarity to important real estate planning issues.

Our Purpose:

Be insightful and practical.

Work with you, finding best answers and solutions.

Always Being Straight Forward, with No Short Cuts.

Success begins with solid preparation and a proven professional – Mike Ryan. I know the ropes and am a proven advocate. I offer time-tested insights and experience. Best, I love to see my clients achieve their goals. Call us – the professional team who stands with you. Call today.

We are ready!!!

Thank you and continued blessings.

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