Episode 149: Market Update – Prices Are Not 🙅‍♀️ Going To Drop!

Today’s Show:

Join us for our latest market update🏠 with our expert guests and sponsors, Anthony Penna, Tara Krieg, Joe Smith, and special guest, James Rains, making his debut on the show!😄 Rebecca kicks off the discussion by diving right into the current state of the housing market and getting insights and predictions from our knowledgeable guests. Tara shares how she is helping first-time home buyers navigate this competitive market along with Joe and Anthony sharing their insights and perspectives on the topic. We will also touch on the recent prediction that Metro Phoenix home prices would fall📉 25%, which has been proven wrong.🙅‍♀️ We will explain the market statistics shared by Real Estate Analyst, Tina Tamboer, from her recent Cromford presentation, and discuss the demand for homes being location-based. One of the most interesting charts discussed in Anthony’s PowerPoint is the home appreciation chart, which shows the staggering increase📈 in home prices over the past few years. Anthony shares his advice for sellers and explains how interest rates are affecting people’s decisions to sell. The group also discusses the current count of new and total listings which reveals a shocking statistic about the shortage of homes in the market.😨 Make sure to watch till the end to hear invaluable🙌 advice from each expert guest for both buying and selling in today’s market.

Also don’t forget to check out our Show Extras Tab to see all of today’s charts, graphs, & PowerPoints for yourself!

Listen & Learn:

1:20 – Rebecca intros Joe, Tara, Anthony, & James
5:00 – How we are feeling about the current housing market
5:50 – What Tara is seeing in the current housing market and how she is helping 1st time buyers
7:10 – What Joe is seeing and feeling in this current market
8:36 – What Anthony is seeing and feeling with this current market
10:39 – Chart on % of Americans who think home prices will go down
12:17 – Prediction that Metro Phoenix home prices would fall 25% is WRONG
13:24 – Market stats explained from Senior Housing Analyst Tina Tamboer’s presentation
15:09 – The market demand is currently very location-based
17:17 – Home appreciation chart explained
19:00 – Anthony’s advice for those trying to sell
23:00 – Tara’s opinion on interest rates and employment rates
25:40 – Anthony’s chart on single-family housing units completed
27:25 – The housing market is short millions of homes
30:00 – New and total Listing count charts
33:00 – Why interest rates are causing people not to sell
34:12 – Estimated home price performance chart explained
36:54 – Joe’s advice for buyers and sellers in today’s market
38:04 – Tara’s advice for buyers and sellers in today’s market
38:33 – Why is there an increase in HELCs or cash-out refinancing right now?
41:41 – Anthony’s advice for buyers and sellers in today’s market
43:53 – James’ advice for buyers and sellers in today’s market
44:57 – Rebecca & James’ 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 – Owner of TK Team Lending

Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ of 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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