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

Good morning to March – SPRING Buying Ahead

Don’t Wait – Prepare Today !!

Enjoy the Home Buying Experience

Real Estate News that Tracks Our Market.

Recent News and Expectations for 2023:

– GDP: Latest estimate for 4th Quarter is a positive UP 2.7 %. This revision is a downward revision from 2.9 %. Still positive. The hope: Keep the Federal Reserve from over tightening rates – raising of interest rates. 

– Unemployment: New claims numbers continue below 200,000 per week. Such numbers indicate employers are Not letting people go. The other side of the story: The continued slow increase in those continuing to collect benefits. It suggests those laid off are finding it harder to get a new job. Last months “surprise” jobs report – mostly due to “adjustments” – did not reflect actual new jobs. If the Fed is watching, it may help slow down future rate increases. Better News Ahead: February jobs report – due in a couple of weeks – should provide a better view\. Lower numbers should result in better, more steady interest rates.

– Surprise to the upside: Headlines say there’s an 8-months of supply of new homes, based on the current pace of sale. Reality: Actual numbers show most projected new homes have yet to start construction.  Result: Availability of new homes for sale plus move-in, is about a 2 month supply.  Good news: New home sales show great resiliency. Outcome: Another tight market. 

Bottom Line: Start Preparing Today 

Interest Rates Are Likely nearing a Peak

Key to Success: Preparation and Readiness. 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.  Many Sellers 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

Forbearance and Foreclosures: Good News. Based on a decade of date, numbers continue to track at the lowest seen. – good news for homeowners. Yet, if foreclosure is a possibility, and you want to save your home: A new loan is possible. Not always pretty, but good news if your priority is Saving your home. Let’s talk. Sooner the better.

Interest Rates: Rates generally follow in inflation. However, in year 2020, this changed. Why? Because the Federal Reserve entered into the free-markets by becoming a buyer of mortgages.  Outcome: Doing so, pumped excess money into the economy, becoming a trigger for inflation, then add in the CoVid money machine – state and local. Quite the financial mess.  Good news: Mortgage rates are finally easing, which is good news, as we prepare for the Spring Time Buying Season. 

Looking to Buy or Invest this Spring Season ?

Call today and begin early preparation now.

It keeps you ready and flexible. It is key.

The Good, the Bad, And the Ugly

THE Good: Crime and news contrary to headlines: Recent public opinion polls suggest that over the past decade, there has been a noticeable increase in crime. 56% of adults believe local crime has risen, and nearly 80% believe it, nationally. These are the worse opinion numbers in three decades. Yet here’s what the facts offer: Today’s violent crime rate is near half of what it was 30 years ago, and since 1994, the number of minors arrested, for violent crimes, has fallen nearly 80%. Clearly a vast gulf between actual crime and what people perceive to be true. Bottom line: Don’t let the headlines form your opinions. Thanks to CBS-Austin, Tx.

THE BAD: The Head fake. Last months governments Jobs report, was a head fake.  The Bad: it seems the Federal Reserve took to heart, the headline number of 800,000 jobs and not the more dependable “ADP jobs report”. ADP noted only 106,000 jobs created in January. What’s the explanation for such confusion:  TheBureau of Labor report added a “seasonal adjustment” number of 800,000.  This is an adjustment. It is not actual.  Thus, using the more accurate numbers, the real rate of unemployment would have increased to 3.7 %.  Such events do not build credibility. The hope is the February numbers – due out shortly – will begin to better reflect the actual job market.  Stay tuned to how the Fed responds. 

THE UGLY: Shifting away from entry-level housing. From 1976 through 1979, 418,000 entry-level single-family houses were built each year – 34% of all new homes. In the 80’s, this number fell to 314,000 per year, but still 33% of all new homes. Beginning in the 90’s it shrank to just 207,000 and in 2010’s, it dropped to about 150,000/year. During the just completed decade, this decline for entry starter homes continus, now averaging just 55,000 per year – or more significant, just 7% of new residential construction. Yikes!

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 may be 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. 

To Work with you, finding the best answers and solutions.

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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