Episode 155: Market Update - Market Crash Forecasters Got It Completely WRONG!

In Episode 155, our expert sponsors Tara Krieg of TK Team Lending, Anthony Penna of Navi Title, and Joe Smith of Epic Mortgage join us to share their insights on the current market stats and trends.🏠📈 We kick off the episode with a look back at our previous market update in December. But the real excitement begins when we dive into the predictions for 2024 – the "year of the 5's" – with a chart showcasing mortgage rates and treasury yield data from the past 50 years.🙌 Discover the surprising home appreciation📈 percentages this year and get a glimpse into the future with the 2024 Home Price Forecast chart. You'll also learn why homeowner net worth is a whopping 40 times higher than renters.🤯 But the biggest surprise? Market crash forecasters have been proven WRONG as home prices continue to rise by 8%. Don't miss out on valuable insights as our host and expert sponsors explain the average price point chart and discuss the storm⛈️ that is STILL coming. But it's not all about predictions. Our experts also share their knowledge on short sales and give valuable advice for both buyers and sellers.😄 Tune in now to stay updated on the latest market trends and predictions! Be sure to check out our 'Show Extras' tab to see all the stats and charts from today's show! Listen & Learn: 0:45 - Rebecca intros Anthony, Tara, & Joe 2:07 - We touch on our previous market update in December 3:10 - 2024 is going to be the year of the 5’s 5:00 - Chart on 50 years of data on Mortgage Rates & Treasury Yield 6:09 - Mortgage rate projections from Fannie Mae 9:35 - The average amount of credit card debt & homeowner equity 11:30 - Top 3 reasons buyers paused decision 12:15 - Inventory is still down 13:10 - Home appreciation percentages this year 14:16 - 2024 Home Price Forecast chart 16:00 - Homeowner net worth is almost 40x greater than a renter 21:40 - Home prices are up by 8% and market crash forecasters are wrong 23:10 - The market index chart and what cities are still the most popular for buyers 24:36 - Average price point chart explained 26:15 - The storm is still coming 29:45 - Market odds on Fed Cut chart explained 30:38 - Fed Dot Plot chart 32:08 - 2024 Real Estate Forecast chart 33:45 - What a short sale is 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 Follow us on Facebook or Instagram @GratefulHeart.Tv💖 Listen