Episode 109: Market Update🏠 - Is It "Safe" To Buy Yet? With Tara Krieg, Anthony Penna, & Joe Smith

We are back with our FINAL market update of 2022 and a lot has changed in the housing market🏠 since our last update in September! Is it "safe" to buy yet? Are we officially in a Buyers' market? Will rates ever come down?😩 Watch today's episode to find out the answer to those questions and MORE! We have our expert guests Tara Krieg of AmeriFirst Financial, Joe Smith with Epic mortgage, & Anthony Penna of Navi Title joining us to help shed some light on what to expect in the months to come.🙌 Check out today's Show Extras for Anthony's PowerPoint & The Cromford Summary. Also, don't forget to enter our Market Update Contest for your chance to win $250 dollars to Bourbon & Bones!🥩 https://www.gratefulheart.tv/2022/09/22/enter-to-win-a-250-gift-card-to-bourbon-bones Listen & Learn: 1:23 - Rebecca intros Joe, Anthony, & Tara 3:55 - Anthony's thoughts on the Facebook post 7:26 - Joe's thoughts on the post 8:40 - Everyone's previous market predictions 12:50 - The market cycle chart explained 16:50 - Mortgage rate chart 19:49 - Cromford chart on seller concessions 21:10 - What are the limitations on seller concessions 25:50 - Homeowner equity 26:12 - Anthony's chart on % of mortgages in forbearance 29:30 - Consumer debt is rising & home equity 30:18 - WARNING! Home equity mailers scam 31:15 - Anthony's chart on housing supply 32:54 - Median rent chart 34:22 - Home price forecasts 36:00 - The average home equity 38:32 - Phoenix Business Journal article on tech layoffs 40:20 - Cromford report market summary 44:30 - Rebecca's predictions of rates & prices for the end of the year 45:09 - Tara's predictions of rates & prices for the end of the year 46:24 - Anthony's predictions of rates & prices for the end of the year 47:09 - Joe's predictions of rates & prices for the end of the year 50:18 - Rebecca's final thoughts 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: [email protected] 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: [email protected] Website: www.myepicloan.com Tara Krieg – Senior Loan Officer at AmeriFirst Financial: Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ 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: [email protected] Website: www.tkteam.us Follow us on Facebook or Instagram @GratefulHeart.Tv💖 Listen🎧, Rate🌟, & Subscribe on Spotify & Apple Podcasts