Ep. 75 - July Lending Update
Find out everything happening in the complex world of lending. In this episode, Daniel Halverson joins us in navigating market trends for three borrower types, highlighting challenges in conveying market information, and suggesting equity transition strategies for real estate agents. We’ll unpack the impact of a new Florida law restricting foreign ownership of certain properties and current economic fluctuations culminating with a look at the Fed's struggles with inflation management and an increasingly AI-driven stock market rally.
All that and more today. So let’s dive into the indexes and all the latest in the lending market for July!
[00:01 - 06:26] Lending update: exploring the three types of borrowers and how to access equity in a low interest rate environment
[06:27 - 15:18] Solutions to the inventory issue and a way to take advantage of rising home values
[15:19 - 23:16] New Florida law restricts non-U.S citizens from purchasing property near critical infrastructure facilities—what are the implications?
[23:17 - 27:25] Inflation drops, but mortgage rates rise: what's happening?
[27:26 - 34:06] The Fed struggles to combat inflation as the job market remains stubborn and wage growth slows
[34:07 - 43:56] The Fed is tightening credit policy to deter spending; CPI readings show a 25% reduction in the headline rate
Quotes:
"People, don't get it twisted. Today the CPI came out, and it was very favorable. We're seeing tremendous market movement from that. And this could be the beginning of something that we think could be a catalyst to an even more competitive environment." - Quinton Harris
"It is beneficial to put your clients in a situation where they can refine and accomplish goals.” - Quinton Harris
"You can't find what you're not looking for. And then there's battling the investors that are out there too." - Quinton Harris
"The reality is more people want to be paid more. If you work for a publicly traded company. Look at your earnings reports. I mean, there's a handful of stocks carrying this little rally that we're seeing in the stock market is not an overall abundance of strength." - Quinton Harris
Resources Mentioned:
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