Your October 2023 Residential Lending News and Successes

Good morning to Fall fun of October,

Mortgage Rates Trending Upwards –


Our Goal:

Turning words, charts, and data into cash, assets, and wealth.

Our conversations and strategies bring my decades of experience and professionalism into your quiver. And trust me, now is the time this can be most helpful. Best, our knowledge base is here to complement you – your dreams, hopes, and goals. The outcome: Choosing wisely, better buy points, smoother transactions, and less stress. So, whether in your working years, preparing for retirement, or in your “asset draw-down” years, we make things better for you.

Key to success: It doesn’t happen in a vacuum. One needs the experience of a proven professional. Start preparing now – Call Mike. The Opportunity is now.


Points of interest:

  • Economic Drivers: As we continue to experience slowing inflation, the Federal Reserve Board is expected to hold steady for a while. Yet, in the vein of the infamous double digit rates of the 80’s (for those who remember), it feels like Jerome Powell and the Fed will use the high rates to slow the growth of deficit spending. This includes our weaker US dollar. Thus ‘Fed talk’ has shifted from being solely about inflation and job growth. They will continuing to seek the pieces most stubborn to the change they seek.
  • Government and Elections: Will the high interest rates be a cornerstone of next years elections? With high debt and deficit spending, this is most likely. The economy stupid. Where is this line? Each of us has feelings and opinions. I will continue to strive to focus on the issues most pertinent to you – where the rubber meets the road. It is the best way to filter out the noise and confusion that effects our real estate market.
    • Real Estate: Demand, Supply, and Cooling Inflation

Where does the relief come from? I doubt we will see any meaningful relief for years. A cooling economy and the impact of rising rates on commercial real estate, will simply re-enforce the dramatic supply-side issues as it relates to the demand for housing. It explains why Homes are still selling at a brisk pace – as they come on the market. Bottom Line: Start preparing now – Don’t wait. Let’s talk, today.

  • Federal Reserve: Recession and Full Employment

Last week we received the ever anticipated BLS (Bureau of Labor Statistics) jobs report. Heck, last week was all about employment. Let’s dig into all the data below.

Overall Market News

1) Overall Labor Market: Jobs numbers

BLS Jobs Report: The surprises keep on coming. 300,000 new jobs. Double the market expectations. Past couple months revised up as well. 70,000 new for government, Leisure up 90,000 (although number of hours worked eased). The flip side: The housing survey component reports only 90,000 new jobs. Many are part-time or seasonal. Many hold two jobs.

The challenge come from sample size, consistencies and adjustment factors. There will not be an ‘answer’ to this conundrum. It is a part of what we try to feel our way through.

Bottom Line: Full-time job holders reduces head count, with part-time and multiple job holders both up. This is not strength under the hood

JOLTS Report: Job openings are up, yet no idea how many double / triple count of jobs postings, with all the remote work options available. At same time, no change in Hiring rate while Quit rate is still at its lowest – 2.3 %

ADP Report: 90,000 job creations – 1/2 of the previous month. Large business reducing head count, while small’s and leisure sectors increasing. On the pay scale, job changers still at + 9 % and job stayers at 6 %. Both slowly moving a step lower.

Jobless Claims: Bottom line – Slow to fire employees and slow to hire new. With this, only 200,000 new applications for unemployment, while those still collecting, showing no change.

Challenger Job Cuts: Dropped to 1/2 of last month, but still up 40 % from a year ago.

Recent Residential Success Story:

Now Me to you:

Not all news is easy to hear. Yet key: How we choose to adapt to shifting realities. With buying real estate comes the need for landscaping, plumbing repairs and such. With it also the impact of how changing interest rates may effect future valuation. Consider if you might: Today’s market rates, changes in residential new construction, and owners holding out on selling. Key: History of the free market indicate that higher interest rates will find balance, for such is the way of free-market dynamics. It is why you need Mike Ryan to guide you through it all.

Lets’s talk. We are ready to talk answers.

Buying Foreclosures? There will always be some. Yet nationwide, numbers continue decades long low’s. Good for homeowners. This does not mean things stop happening – death, divorce, job loss are all still alive and well. Perspective helps. Value increases of the past decade simply result in these planned or unplanned home sales. Key: they are done on the open market, often with money beyond the mortgage. Truly, a good sign of a dynamic market.

Price drops: It is simply not showing up. A couple of States (Utah, Hawaii, Alaska) have modest low single digit decreases. Most markets remain. Will there be the seasonal easing of prices as we go into the end of the year? Time will tell. My worry is the shortage of available properties will continue. Call me, I love to talk details, dreams and to enhance your choices.

Good News: The Breadth of Our Lending Possibilities:

We have the best financing options the market offers. Consider: 1) Veterans, 2) 1st time homebuyers with some fabulous brand new programs, 3) self – employed, and 4) investors with and without traditional income sources. Good News: The well prepared borrower. The lending world, being cautious with its money, loves the well prepared. Moreover, our lenders offer more options than pre Co-Vid. Call. Let’s talk before you buy. Let’s talk today.

Our Focus: Market Disciplines – Now More than Ever

Do you have a desire to create ‘more’ wealth for tomorrow? To feel more secure? Consider the following:

We advocate, teach, recommend options, and complete the task. And we love referrals. So as you read this next section, if someone comes to mind who is ready to explore homeownership, please introduce them. It will be a fabulous conversation discussing the realities, the potentials, and the pathway to success. It all starts with that first conversation. It is what I love.

The game-plan in a nutshell:

Rule # 1: Willingness to lay aside today, for more options tomorrow. This may meaning living below your means. Not easy, but the proven path that can be accomplished.

Rule # 2: Investing – Equities, mutual funds, ETFs. I strongly suggest and recommend one maxes out on the retirement account contributions – each year. This deferred income, with tax benefits, builds for future years. Many such plans are offered, with many employer matching contributions. A great perk. Don’t leave it on the table, always being aware of how it’s invested. For many, a great way to keep your money working for you.

Rule # 3: Investing – Real Estate. Yes, yes and yes. Yes today. Yes yesterday. Yes tomorrow. This is another method to put money aside and build, while adding diversity. If your focus is to build for tomorrow, now is the time to talk and prepare.

Divesting Assets: There are times in life where one needs to sell an investment, due to life’s uncertainties. It brings home the need for a carefully review of one’s investment inventory and see if they remain on-track to achieving the intended goals.

Good News: We not only set a plan in motion, we present the handling of the unexpected, or address the significant issues of capital gains. More Good News: We have IRS approved tools and techniques to help keep your hard earned capital gains working for you – to keep them away from the taxman – federal and state – on a deferred basis. Such is the beauty of working with Mike Ryan and Associates. We are just a call away. Planning amongst friends.

Preparing to buying your next home: How about a “tool” that uses your old property, as collateral for the new home? How about tools whereby the current, “old” home payment, does not count against you, as you moved into the new. Want More Options: Call today.

Truly, our letters but scratch the surface of available options, alternatives, and potentials. We are ready and experienced in most every stage of life, to directly help you build a strong investment portfolio – regardless life’s ebb and flow. It is why a key approach to serving you, is to work with your unique view of life – today and tomorrow.

Because You Matter

Our letters are a guidepost to wisely buying, selling, or investing. We understand the importance of being patient and of good timing. Our hope is to address your questions and find real life, customized solutions. It is what I love about my work, especially the people-to-people exchange of thoughts and ideas. It proves the best way to discovery and address your needs and unique viewpoint. To this, we then add our complete set of helpful tools designed to complement the shared goal – your success, today and tomorrow. We are here for you.

Your dreams matter. Thank you for your trust and referrals. It is appreciated.

Call me – Your success is my success.

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