Episode 109: Market Update🏠 – Is It “Safe” To Buy Yet? With Tara Krieg, Anthony Penna, & Joe Smith

Today’s Show:

We are back with our FINAL market update of 2022 and a lot has changed in the housing market🏠 since our last update in September!

Is it “safe” to buy yet? Are we officially in a Buyers’ market? Will rates ever come down?😩 Watch today’s episode to find out the answer to those questions and MORE! We have our expert guests Tara Krieg of AmeriFirst Financial, Joe Smith with Epic mortgage, & Anthony Penna of Navi Title joining us to help shed some light on what to expect in the months to come.🙌

Check out today’s Show Extras for Anthony’s PowerPoint & The Cromford Summary. Also, don’t forget to enter our Market Update Contest for your chance to win $250 dollars to Bourbon & Bones!🥩 https://www.gratefulheart.tv/2022/09/22/enter-to-win-a-250-gift-card-to-bourbon-bones

Listen & Learn:

1:23 – Rebecca intros Joe, Anthony, & Tara
3:55 – Anthony’s thoughts on the Facebook post
7:26 – Joe’s thoughts on the post
8:40 – Everyone’s previous market predictions
12:50 – The market cycle chart explained
16:50 – Mortgage rate chart
19:49 – Cromford chart on seller concessions
21:10 – What are the limitations on seller concessions
25:50 – Homeowner equity
26:12 – Anthony’s chart on % of mortgages in forbearance
29:30 – Consumer debt is rising & home equity
30:18 – WARNING! Home equity mailers scam
31:15 – Anthony’s chart on housing supply
32:54 – Median rent chart
34:22 – Home price forecasts
36:00 – The average home equity
38:32 – Phoenix Business Journal article on tech layoffs
40:20 – Cromford report market summary
44:30 – Rebecca’s predictions of rates & prices for the end of the year
45:09 – Tara’s predictions of rates & prices for the end of the year
46:24 – Anthony’s predictions of rates & prices for the end of the year
47:09 – Joe’s predictions of rates & prices for the end of the year
50:18 – Rebecca’s final thoughts

Special Guests:

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: apenna@navititle.com
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: joe@myepicloan.com
Website: www.myepicloan.com

Tara Krieg – Senior Loan Officer at AmeriFirst Financial

Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage-related financial consulting and planning, and personal coaching of Junior Loan Officers.

Phone: 480-344-1951
Email: tkrieg@amerifirst.us
Website: www.tkteam.us

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