What's Your 1 More‪?‬ Quinton Harris

In this episode, Quinton looks at the current state of the US housing market, focusing on the astounding $17 trillion in home equity held by American households. Despite media headlines predicting a housing crash reminiscent of 2008, the significant equity positions of homeowners today make a repeat of the 2008 crisis unlikely. Quinton examines the impact of the Federal Reserve's tightening policies on home prices and inventory, discusses the frustrations faced by current homebuyers, and predicts a potential shift in the market over the next six months. 

 

[00:00 - 01:23] - Introduction

[01:24 - 03:43] - Headlines and Fed's Pause

[03:44 - 05:47] - Record High Equity

[05:48 - 08:15] - Angry Buyers, Housing Supply

[08:16 - 10:20] - Fed's Policy, Elections

[10:21 - 11:56] - Job Reports' Importance

[11:57 - 15:04] - Economic Predictions

[15:05 - 18:03] - Closing Segment

 

Key Quote:"Until you get more supply, the prices aren't going to come down" - Quinton Harris

 

Article Mentioned:https://apple.news/Aw0KI5dV-QoK3T5qjq_cE9w

 

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In this episode, Quinton Harris analyzes the latest jobs report, which surprisingly showed 272,000 jobs created, far exceeding expectations. Quinton breaks down the numbers, discussing the potential impact on the Federal Reserve's decision-making process, the consequences for mortgage rates, and the concerning rise in unemployment to 4%.This episode is a must-listen for anyone interested in understanding the current economic landscape and how it affects their financial future.

 

Key Points:


This months report has an internal conflict, with employers reporting 272,000 new hires while
households reported having 408,000 fewer jobs.
The unemployment rate rose to 4.0%, the highest since November 2021 but still historically low.
Almost all the household survey's lost jobs came from the 20-24 age cohort.
Those age 25-54 showed small gains.
Average hourly earnings rose 0.4% for the month and are up 4.1% in the last year.
The prime age (25-54) participation rate rose to 83.6%, the highest in 22 years.
Job gains continue to be led by private education/healthcare, state and local government and leisure/hospitality.

 

Timestamps:

 

[00:00 - 01:36] - Introduction

[01:37 - 05:13] - Surprising Jobs Report Analysis

[05:14 - 07:16] - Unemployment Rises, Recession Concerns

[07:17 - 09:32] - Central Banks' Influence

[09:33 - 11:37] - Real Estate Market Stalls

[11:38 - 14:21] - Economy’s Trajectory Thoughts



Key Quote:“The markets are moving in a negative way on this report.” - Quinton Harris

 

_______________________

 

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

 

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! 

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

 

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In this episode, we dissect a recent CNN article that claims zero down mortgages are a "shady financial tool" making a comeback from the 2008 housing bubble era. The media's obsession with negative housing news is leading to clickbait headlines and fear mongering. By breaking down the differences between today's regulated mortgage industry and the risky lending practices of the past, this episode debunks the myth that zero down mortgages are a sign of another impending crash. Watch this episode to learn why these mortgages are actually helping to stimulate homeownership and why the comparisons to 2008 are misguided at best.

 

[00:00 - 01:41] - Introduction

[01:42 - 03:17] - Media Loves Negative News

[03:18 - 05:25] - Author's Lack of Knowledge

[05:26 - 07:57] - Low Income Housing Misconceptions

[07:58 - 10:22] - Down Payment Assistance Explained

[10:23 - 13:11] - Late Cycle Market Stimulation

[13:12 - 16:25] - 2008 Comparisons Debunked

[16:26 - 20:20] - Responsible Lending Practices

 

CNN Article:

https://www.cnn.com/2024/06/03/business/zero-down-mortgage-nightcap?cid=external-feeds_iluminar_google

 

Key Quote:

“The reality is this, it's not 2008. No reason to chase a ghost” - Quinton Harris

_______________________

 

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

 

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! 

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

 

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In this episode, former SEC & NBA star and SEC Network analyst Patrick Young shares his remarkable journey of faith, resilience, and finding purpose after a devastating car accident left him paralyzed from the waist down. Just days before his wedding, Patrick's life was forever changed, but he refused to let fear and adversity define him. Through the unwavering support of his wife, family, and friends, and with an unshakable faith in God, Patrick embarked on a path of recovery and self-discovery, learning to embrace his new reality and find joy in the face of unimaginable challenges. His powerful message of hope, gratitude, and living life to the fullest will inspire you to overcome any obstacle and cherish every moment. 

 

[00:00] - Introduction and Patrick's Story

[04:32] - The Life-Changing Accident

[11:11] - Faith, Gratitude, and Support

[18:48] - Reflections on the Accident

[23:29] - Returning to SEC Network

[28:31] - Finding Hope and Purpose

[32:40] - Living Life to the Fullest

[34:43] - Connecting with Patrick Young

Key Quote:

“When the thing that you thought was so valuable about yourself is stripped away, what do you still think about yourself? - Patric Young"

_______________________

 

 

 

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

 

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! 

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

 

Please subscribe, share, and leave a review to let us know you want to keep the content coming!

 

In this episode, Quinton Harris and Producer Charlie sit down with Nick Reiherzer, a former music director turned Instagram fitness influencer with over 200,000 followers. Nick shares his inspiring journey of overcoming chronic knee pain in his 30s and using that challenge as motivation to start documenting his fitness journey on Instagram. With zero initial investment and a commitment to consistently posting engaging content, Nick has turned his passion for fitness into a thriving full-time career, attracting sponsorships, online clients, and opportunities to inspire others. He offers valuable advice for anyone looking to grow their online presence, emphasizing the importance of consistency, learning from successful individuals in your niche, and having the humility to reach out for guidance. 



[00:00 - 01:32] - Introduction 

[01:33 - 05:43] - Nick's background & athletic career

[05:44 - 13:17] - The start of Nick's Instagram journey 

[13:18 - 18:06] - Nick's Instagram growth, consistency, and viral reels

[18:07 - 25:34] - Nick's transition to full-time influencer

[25:35 - 30:00] - Advice for growing an Instagram page

[30:01 - 36:03] - 3 tips for growing a following

[36:03 - 39:44] - Closing segment

 

Key Quote:

“Just because you have 50,000 followers doesn't equate to it being a job or income in any way.” - Nick Reiherzer

 

Resource:

Captions App: www.captions.ai

Nick’s Instagram: instagram.com/over_the_hill_hooper

 

_______________________

 

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

 

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! 

 

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

 

Please subscribe, share, and leave a review to let us know you want to keep the content coming!

Are you trying to make sense of the rollercoaster ride that is today's mortgage rates? In this episode, Quinton and Daniel dive deep into the latest economic data, dissect comments from Atlanta Fed Chairman Raphael Bostic, and debate the burning question: Will the Fed cut rates in 2024? Along the way, they explore the intriguing relationship between the CPI, PCE, and mortgage rates, reveal why the Fed's return to the bond market is a bigger deal than most realize, and share their bold predictions on what it will take for rates to finally come down. If you're a homebuyer, real estate agent, or mortgage pro trying to navigate this challenging market, this is one episode you simply can't afford to miss.

 

[00:00 - 01:16] - Introduction

[01:16 - 03:09] - How to get the best mortgage rate

[03:09 - 07:13] - Uptick in unemployment & slower wage growth

[07:13 - 10:06] - Fed's adamance on reaching 2% inflation target

[10:06 - 13:12] - CPI vs PCE

[13:12 - 15:03] - “Real” interest rates 

[15:03 - 17:39] - Fed slows balance sheet reduction

[17:39 - 20:03] - Rising interest payments on national debt

[20:03 - 21:17] - Return of top buyers to the bond market

[21:17 - 22:00] - Mortgage applications 

[22:00 - 23:28] - What will it take for the Fed to cut rates?

[23:28 - 24:49] - Closing thoughts 



Resources:

Secret to the BEST Interest Rate: https://bit.ly/wy1msecretMay Lending Update: https://bit.ly/4bMNDzx

PCE vs CPI: https://bit.ly/3yywpHT



Key Quote:

"The labor market is the quickest path to rate cuts." - Daniel Halvorsen

 

_______________________

 

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

 

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! 

 

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 

 

Please subscribe, share, and leave a review to let us know you want to keep the content coming!