Today’s topic is about the CPI (inflation) number that came out this morning: a record-high 9.1%. It’s definitely running high and we are all feeling it, of course. But this is totally to be expected and will continue happening for the next few months. What to Expect in the Next Few Months From last year,…
Rumors were flying months ago, and now it looks like it’s going to happen… today’s topic is further proof that politicians are focused on votes and that’s all that matters. The recent announcement is that California has green-lighted checks up to $1,050 (depending on your income) for inflation relief. Our politicians think it’s a smart…
Today is Fed Day, and it’s been a doozy! Last Friday, the CPI number came in higher than expected, so there’s been a lot going on in the market. We’ve seen mortgage rates up by 3/4 of a percent! It hasn’t been great. The market has been saying: get this inflation under control. As long…
In a few days, on Friday, is the 1x per month jobs data number report. This comes out the first Friday of every month. It looks at the previous month’s jobs numbers and includes unemployment information. Why does it matter? It’s one of the data points that has the potential to move the market. Currently:…
The April housing data report came out, and it continues to show strong numbers. But some of what we have been talking about is indeed starting to happen. Here’s what you need to know: Year Over Year Inventory is Higher For example, we can see that year-over-year inventory has grown significantly. Remember that we are…
Today, a big economic data point came out: Consumer Price Index (CPI). It’s an inflation number, which is an important hot button in the mortgage industry right now, because inflation is the main reason why interest rates are going up. Inflation is Up Inflation, as expected, it came in at a high number: 8.3% is…
It was highly anticipated that on Fed Day this week that rates would be raised by half a percent. One thing I want to point out with this Fed announcement is something that I’ve shared in the past: when the Fed raises rates, mortgage rates don’t correlate. They are two different things. Good Trends in…
Proposition 19 has a few aspects that people have forgotten, which is why I wanted to mention it again in today’s video. There are some awful things in Prop 19 that were snuck through. But there are a few great things about Prop 19 that opened up more options for older homeowners. How CA Prop…
This morning, important monthly housing data came out. The numbers show that the market is continuing to stay strong. There are some possible hurdles ahead, but things are still looking good currently. Annual Home Sales 5.77 million annualized units (which is strong to pre-COVID) for existing homes sold. One of the other numbers that really…
This week, we rolled out a product that I thought we’d never see. At Franklin Loan Center, we’re pretty good with hard money loans for people who need loans where income or employment doesn’t matter. But these types of loans are only for investment properties due to the compliance issues for owner-occupied loans – which…
A topic that has been coming up as a byproduct of the current market: financing unique properties. I wanted to talk about this a little bit today to let you know that there are options available. Any Property Can Sell Right Now Right now, any property is worth listing for sale, because you will find…
This week I’m talking about a topic that isn’t necessarily real estate related, but it definitely has a tie-in: inflation. Here in California, we are hearing a lot about our state government working on a $400 giveaway for everybody because gas prices are high. How Inflation Affects Real Estate So, how does this tie into…
