Episode 158: Market Update – From Rising Rents to Record Equity

Today’s Show:

Get ready to dive🏊 into the latest updates and trends in the housing market! As usual, we have our expert guests Tara Krieg with the TK Team, Joe Smith with Epic Mortgage, and Anthony Penna with Navi Title joining us to share their insights and expertise on the current state of the market.🏠

In this episode, we’ll take a look back at our previous market update and discuss how the numbers have changed.📈 From rising rents to consumer debt, our panel will break down all the factors influencing the market right now.

Anthony will share his perspective, from a title company standpoint, and give us a deep dive into the current interest rates. You’ll also see some eye-opening charts that show the incredible equity💰 that Americans are sitting on, making real estate an extremely safe and valuable investment.💸

We’ll touch on the ongoing NAR lawsuits and settlements, and give our thoughts on the essential role of real estate agents in the home buying process.🙌 You’ll also hear why we believe owning a home is always a better option than renting, and why it’s not just about the interest rate when it comes to purchasing a home. Like Joe says “You don’t buy the house for the interest rate you buy the house because it’s time to buy a house”.🏠

Tune in and get ready for some insightful and valuable information. Also, be sure to check out our ‘Show Extras’ tab to see all the stats and charts from today’s show!

Listen & Learn:

0:50 – Rebecca intros Tara, Joe, & Anthony
2:16 – Recap of the last market update
4:10 – Rebecca recaps the stats from our last market update
5:06 – Joe’s thoughts on the market now compared to the last episode and why we are where we are
7:32 – Tara’s thoughts on the market now and consumer debt
8:56 – Rising rents explained
9:23 – What is Anthony’s company Navi Title seeing with the housing market and current interest rates
10:53 – Everyone is paying higher interest rates, businesses, car loans, etc.
11:40 – Anthony’s charts on the current market
13:05 – 48 consecutive quarters of positive price appreciation chart
14:30 – Why we think purchasing real estate is the safest investment
16:19 – Americans sitting on tremendous equity chart
17:08 – Why we believe real estate agents are an essential part of home buying process
19:43 – Our thoughts on the NAR lawsuits and settlements
24:36 – Anthony’s chart on co-broke offered to buyer’s agents
27:42 – Fannie Mae responds to the NAR lawsuits
29:58 – What we think about the current interest rates
33:39 – Rebecca covers the Cromford stats
36:26 – Most expensive city to buy in the valley
37:05 – The Cromford index chart explained
37:55 – Anthony’s final thoughts for today’s show
38:40 – Joe’s final thoughts
39:43 – Tara’s final thoughts
40:32 – 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 – 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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