Do you know the primary differences between a fixed and adjustable rate mortgage? When interest rates are on the rise an adjustable rate becomes far more popular.
While interest rates tend to be lower with an adjustable mortgage, they can move up quickly when the adjustment period comes up.
See everything you need to know including the pros and cons about these mortgages at Active Rain.
Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
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🔒 Are you considering setting up multiple LLC bank accounts for your business? Think again! In this video, I'll uncover why this strategy could spell disaster for your finances and leave you vulnerable to costly mistakes.
It's a common misconception perpetuated by some internet sources that setting up five separate bank accounts for your Limited Liability Company (LLC) is the key to effective business management. However, we're here to debunk this myth and reveal the hidden risks behind this approach.
Tune in to learn why the five-bank account strategy may not be the solution you've been led to believe. Don't miss out on this crucial information that could save you from costly mistakes down the line.
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Show Notes: 0:00 Intro 1:15 The Main Issues 3:18 Liability in Your Accounts 6:15 Assets in Entities 9:43 Outro --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://www.youtube.com/c/RealEstateAssetProtection?sub_confirmation=1
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CONTACT US Phone: 800.706.4741 Email: info@andersonadvisors.com Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
--------------------------------------------------------------------------------------------------------- The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about the CPI report and how the Fed will interpret that data.
Plus, what might be ahead for consumer spending? Here are the headlines:
AZ Mountain Lake Realty's insight:
-Opportunity in Housing Remains Strong
-Initial Jobless Claims Hit 9-Month High
-Is Consumer Spending Headed for a Slowdown?
Opportunity in Housing Remains Strong
CoreLogic’s Home Price Index showed that home prices nationwide rose a strong 1.2% in March after rising 0.7% in February, showing that home price appreciation is not just continuing – it’s accelerating. Prices are also 5.3% higher when compared to March of last year.
CoreLogic forecasts that home prices will rise 0.8% in April and 3.7% in the year going forward, though their forecasts are typically on the conservative side so we may see even greater levels of appreciation. For example, CoreLogic had forecasted that prices would rise 0.4% in March, and last week’s report showed we tripled that amount. They had also forecasted that we would see 3% appreciation in 2023 but we saw 5.5%.
Black Knight also reported that national home values rose 1.2% in March, with their index showing that prices are 5.6% higher than a year ago.
What’s the bottom line? The latest rise in home prices reported by CoreLogic and Black Knight echoes the strong growth seen by other major indices like Case-Shiller and the Federal Housing Finance Agency. These reports continue to demonstrate why homeownership remains a good opportunity for building wealth through real estate.
Initial Jobless Claims Hit 9-Month High
Initial Jobless Claims rose by 22,000 in the latest week, reaching their highest level since last August, as 231,000 people filed for unemployment benefits for the first time. Continuing Claims also rose 17,000, with 1.785 million people still receiving benefits after filing their initial claim.
What’s the bottom line? The jump in Initial Jobless Claims is a breakout for this metric, as it has been extremely stable at low levels for the last several months (ranging from 208,000 to 213,000 in nine of the last ten weeks before this latest report). Continuing Claims are also still trending near some of the hottest levels we’ve seen in recent years.
This data follows other recent reports that also suggested softening in the labor sector, such as weaker than expected job growth in April, declining job openings, and the low quit rate.
Is Consumer Spending Headed for a Slowdown?
The most recent consumer spending data for March was strong (Core Retail Sales up 1.1% and Personal Spending up 0.8%), aided by pandemic savings from stimulus and credit. But there are signs this support may be coming to an end.
A recent article by San Francisco Fed analysts revealed that “American households fully spent their pandemic-era savings as of March 2024.” Meanwhile, credit card debt hit a new record high in the fourth quarter of last year, with balances reaching $1.13 trillion, according to the New York Fed’s Quarterly Report on Household Debt and Credit.
We’ve also seen a growing popularity in Buy Now Pay Later (BNPL) programs, which allow people to purchase something immediately and pay off the balance in equal installments. But BNPL options are also now showing signs of stress.
A recent survey conducted for Bloomberg News by Harris Poll found that 43% of those who owe money to BNPL programs were behind on their payments. Also, within the survey, it was shown that more than 50% said they bought more than they could afford, and over one third said they turned to these programs after maxing out their credit cards. Meanwhile, 24% said their BNPL spending was “out of control.”
What’s the bottom line? Consumer spending makes up 70% or so of GDP, so a slowdown would be significant and could point to a slower US economy, weaker inflation, and lower rates. While this will take time to come to fruition, it will be important to analyze upcoming data for signs of softer spending.
Family Hack of the Week
May 15 marks National Chocolate Chip Day and is the perfect reason to enjoy these Chocolate Chip Muffins courtesy of Food.com. Yields 12 muffins.
Preheat oven to 400 degrees Fahrenheit. Grease 12 muffin cups or spray with baking spray.
In a large bowl, stir together 2 cups all-purpose flour, 1/3 cup packed light brown sugar, 1/3 cup sugar, 2 teaspoons baking powder, and 1/2 teaspoon salt. In another bowl, stir together 2/3 cup milk, 1/2 cup butter (melted and cooled), 2 eggs (lightly beaten), and 1 teaspoon vanilla until blended.
Make a well in the center of the dry ingredients and add milk mixture, stirring to just combined. Stir in 1 bag of chocolate chips and 1/2 cup of chopped walnuts or pecans.
Spoon batter into prepared tin and bake for 15-20 minutes until a cake tester inserted in the center of a muffin comes out clean. Place muffin tin on a wire rack and cool for 5 minutes before removing muffins to finish cooling.
What to Look for This Week
We’ll see crucial readings on inflation when the Producer and Consumer Price Indexes for April are reported on Tuesday and Wednesday, respectively.
Key housing data will also be delivered, starting with this month’s builder confidence reading from the National Association of Home Builders on Wednesday. April’s Housing Starts and Building Permits follow on Thursday.
Also of note, look for April’s Retail Sales on Wednesday and the latest Jobless Claims on Thursday.
8607 S 29th St, Phoenix AZ, is a Single Family home that contains 2797 sq ft and was built in 2012.It contains 4 bedrooms and 3 bathrooms.This home last sold for $1,075,000 in May 2024.
The Zestimate for this Single Family is $1,075,100, which has increased by $6,761 in the last 30 days.The Rent Zestimate for this Single Family is $4,992/mo, which has decreased by $110/mo in the last 30 days.
In 2024, the real estate industry is witnessing a blend of virtual innovation and traditional brick-and-mortar business models. Here are five notable real estate brokerage models emerging this year:
1. Hybrid Model
The hybrid model combines the convenience of virtual services with the personal touch of in-person interactions. These brokerages leverage advanced digital tools for property listings, virtual tours, and digital transactions, while still maintaining physical offices for face-to-face consultations and closing deals. This model caters to clients who appreciate both technological efficiency and personal service.
Examples:
Redfin: Redfin continues to blend online tools with on-the-ground agents, providing a seamless transition between virtual searches and in-person property viewings.
Compass: Utilizing AI and data analytics for market insights, Compass also maintains a strong physical presence with luxurious offices in prime locations.
2. Virtual-First Brokerage
Virtual-first brokerages operate primarily online, minimizing the need for physical offices. They offer comprehensive digital platforms for property listings, virtual tours, and e-signatures, aiming to provide a full-service experience through a virtual interface. This model appeals to tech-savvy clients and agents looking for flexibility and reduced overhead costs.
Examples:
eXp Realty: A pioneer in the virtual-first space, eXp Realty operates entirely online, with a cloud-based platform for training, collaboration, and transactions.
Mountain Lake Realty
Flat Fee Sellers and Buyers Service plus Auction
Real Estate Webmasters: Specializing in high-end web solutions, they enable agents to operate virtually with powerful CRM and marketing tools.
3. Boutique Brokerage
Boutique brokerages focus on offering personalized, high-touch services in niche markets. They often have smaller teams of highly skilled agents who provide bespoke services to clients looking for unique or luxury properties. This model emphasizes quality over quantity, with a strong focus on local market expertise and client relationships.
Examples:
The Agency: Known for its high-end listings and celebrity clientele, The Agency provides a bespoke experience with a strong emphasis on branding and marketing.
Harcourts: Operating on a smaller scale but with a deep understanding of local markets, Harcourts offers tailored services that appeal to discerning buyers and sellers.
4. iBuyer Model
The iBuyer model utilizes technology to offer instant cash offers to sellers, streamlining the buying and selling process. These companies use algorithms to determine property values and make quick purchases, often refurbishing homes before reselling them. This model appeals to sellers looking for a fast, hassle-free transaction.
Examples:
Opendoor: One of the largest iBuyers, Opendoor uses data-driven insights to make competitive cash offers, providing speed and certainty to sellers.
Offerpad: Similar to Opendoor, Offerpad focuses on convenience, offering additional services like home improvement and moving assistance.
5. Membership-Based Brokerage
Membership-based brokerages charge agents a monthly fee rather than taking a commission split. This model provides agents with access to comprehensive tools and support services while allowing them to keep more of their commissions. It appeals to experienced agents who prefer a higher degree of independence and control over their business.
Examples:
Fathom Realty: Agents at Fathom Realty pay a low flat fee per transaction, keeping the majority of their commissions and benefiting from extensive back-office support and training.
Realty ONE Group: Known for its agent-centric approach, Realty ONE Group offers a supportive environment with extensive training and marketing resources for a monthly fee.
These models reflect the diverse needs and preferences of modern real estate clients and agents, showcasing how the industry is adapting to technological advancements and changing consumer behaviors. Each model offers unique advantages, catering to different segments of the market while leveraging both virtual and traditional elements.
Advancing American Freedom, a nonprofit political advocacy group launched by former Vice President Mike Pence, is pushing back against the Biden administration's housing proposals.
A central resource for updates and materials about NAR’s steadfast commitment to strengthen the association, defend REALTORS® and their immense value, and look to the future.
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Do you know the primary differences between a fixed and adjustable rate mortgage? When interest rates are on the rise an adjustable rate becomes far more popular.
While interest rates tend to be lower with an adjustable mortgage, they can move up quickly when the adjustment period comes up.
See everything you need to know including the pros and cons about these mortgages at Active Rain.