Ep. 48 - April Lending Update: A Race Against Recession
Q1 of 2023 is over, and market results are hot off the press for the month of April as we head into the second quarter of the year! In this episode, we discuss the latest updates in the lending industry with Daniel Halverson. Here, we discuss Florida's expansion of the Hometown Heroes program, down payment assistance programs, alternative financing options for investors, seller contributions, and concession limits. We also cover the recent drop in interest rates and the potential for a recession in the real estate market due to the Federal Reserve's increasing balance sheet and rising inflation. All this with the perspective of how investing in real estate can hedge against this economic uncertainty.
Dive right into the latest updates in the lending industry and the waves that change in the market are making.
[00:01 - 06:03] Florida expands the Hometown Heroes program to help more first-time homebuyers with down payments
[06:05 - 09:45] Understanding the limitations and opportunities of down payment assistance programs and investor loans
[09:46 - 19:40] Updates in the investor market—exploring alternative financing options: delayed financing, LLC title loans, and non-Income qualifying loans
[19:41 - 25:53] Understanding Seller Contributions and Concession Limits in real estate transactions
[25:54 - 31:14] March sees a significant drop in interest rates due to banking system concerns and yield curve control
[31:15 - 36:15] Warning of potential recession as the Federal Reserve increases its balance sheet
[36:16 - 41:38] Start hedging against inflation and recession through real estate and watching interest rates
Quotes:
"The Hometown Heroes program sounds like it's gonna be something that a lot more first-time home buyers in the state of Florida will be able to take advantage of." - Daniel Halverson
"When you're short-term bonds and your short-term bills are at a greater payout than your long-term, that's a reversal of what it should look like. You know, the old economic adage, the shorter the risk, the less the return; the greater the risk, the greater the return.” - Quinton Harris
Resources Mentioned:
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