For the past couple of weeks, I’ve been watching the Mauldin Economics 2023 Strategic Investors Conference (www.mauldineconomics.com). It is a series of presentations given by the nation’s top economists, professors and business leaders. Almost without exception every presentation highlighted the data indicating that we are on the threshold of the 2023 Recession. In fact, it was said multiple times that this is the most anticipated recession of all time. It seems there isn’t an economist in the country that will be caught off guard by what’s coming. The big question is, Are you ready for ..read more

Imagine that in high school you had two very intelligent friends. They finished at the top of their class. Both went on to study medicine at the nation’s top medical schools and residency hospitals.  However, after school one decided to go into family medicine as a general practitioner and became incredibly talented at treating and diagnosing just about anything that could go wrong with the body. The other chose to focus solely on Heart Surgery and performed only one type of procedure his entire career. Fast Forward Now fast forward 40 years. You’re in your mid-sixties, you’ve suffered a ..read more

The reasons why the Housing Market WILL NOT crash in 2023. The Real Estate Market today is fundamentally different from the market in 2008. These are the key differences that exist and why there will not be a housing crash in 2023. 2008 Supply and Demand: In 2008 Supply was at record levels. Over the past 40 years the average number of homes for sale on the market nationally was 2.5 million. In 2007 inventory hit a record high of 3.7 million homes. To make things worse builders were continuing to add far more homes to the market than new household growth was asking for. This created a massive ..read more

The reasons why the Housing Market WILL NOT crash in 2023. These are the key factors playing into our market right now and the reasons we will not see a housing crash in 2023. Remember from the last two parts of this series that what’s hurting real estate right now is affordability not demand. Plenty of people want to buy a home right now but they can’t afford it. This demand will recover the Real Estate market in 2023. What Interest Rates ALWAYS do in Recessions: Because a Recession by definition is a weak or weakening economy we can predict that policy makers will lower interest rates to spu ..read more

Retirement is becoming more and more unaffordable every year. The spike of inflation post covid has brought many retirement budgets to their knees and we’re finding more and more seniors forced to go back to work after retiring. We specialize in helping people live better We specialize in Home Equity Conversion Mortgages to help people tap into their largest asset. HECM’s allow homeowners the stability of homeownership but the freedom and flexibility of drawing funds from their equity and avoiding monthly mortgage payments. The HECM does require the homeowner to continue paying basic proper ..read more

Imagine that in high school you had two very intelligent friends. They finished at the top of their class. Both went on to study medicine at the nation’s top medical schools and residency hospitals.  However, after school one decided to go into family medicine as a general practitioner and became incredibly talented at treating and diagnosing just about anything that could go wrong with the body. The other chose to focus solely on Heart Surgery and performed only one type of procedure his entire career. Fast Forward Now fast forward 40 years. You’re in your mid-sixties, you’ve suffered a ..read more

Living trusts are an essential estate planning tool that many people use to protect their assets and provide for their loved ones. Unlike a will, a living trust allows you to control your property and assets while you are alive, and after you pass away. Financial Bridge The way I think about Living Trusts is they are like a financial bridge. By having a trust when you pass away the ownership of your assets is conveyed automatically from you to your beneficiaries. Or in other words ownership is bridged instantly between you and them. When you do this you benefit your estate immensely in multipl ..read more

This month we’re watching for recession indicators, falling rates, and a rollercoaster ride for home market values. We are headed for a Recession. But don’t worry, this is great news. The 2023 Recession will lower interest rates and increase your home’s market value. 10 Year vs. 2 Year Treasury INVERSION Credit Card Debt and Personal Savings The trickster in the economy right now is personal spending. People are still spending a lot of money which is supporting an economy that otherwise might be in trouble by now. But a closer look shows that to do this people are using Credit Card Debt and d ..read more

Home Value Report High interest rates brought the Real Estate industry to a standstill over the past six months. And people have worried that we’re going into another 2008 crash. Fortunately, that does not seem to be the case. Demand for housing is at an all-time high so people still want to buy homes they just can’t afford them.  As a result of demand, values are holding firm and patiently waiting for interest rates to come back down. This map shows appreciation/depreciation rates over the past quarter. Most states are currently at a flat or slightly under 0 depreciation rate. In perspe ..read more

Can a Reverse Mortgage use up all of your equity? Are you concerned that a Reverse Mortgage will take all your equity? Don’t be, most of my clients have this misconception because they haven’t yet learned about the new Reverse Mortgage, also known as the Home Equity Conversion Mortgage. The old Reverse Mortgage was not great. Yes the old Reverse Mortgage had some major flaws and is the cause for most of the myths you’ve heard about the product but fortunately the new Reverse mortgage is designed to protect the homeowner and their equity. How is the New Reverse Mortgage Better? The great change ..read more