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News You Can Use
News You Can Use | What’s Holding Housing Back?
Last week, we discussed the 3 drivers of the housing market: demographics, employment, and affordability. This week, Pat Flood asks Fannie Mae’s Chief Economist, Doug Duncan, what is keeping the marketplace from being at a normal or better-than-normal housing cycle?
News You Can Use | Doug Duncan Economic Update Pt.1
Doug Duncan joined Supreme Lending for a housing update on the heels of the recent Federal Reserve decision not to raise interest rates. In this excerpt, Doug offers further insights into the Fed’s current thinking, including optimism around the strength of consumer spending and new housing construction.
News You Can Use | Radical Commitment
All of us make commitments in life. In our relationships, our health, and our finances. We commit to having fun, to our faith and communities, and, finally to our professional development. But, each of those commitments will be tested. Join us for Personal & Professional BEST on Thursday, August 24th at 3 PM as I sit down with a US Navy Seal to discuss the radical commitment it takes to overcome any challenge in pursuit of BEST.
News You Can Use | When Can We Pop The Champagne?
Historically, it takes a recession to combat inflation, and inflations are accompanied by significant unemployment. Although it has been a painful season, it is now more likely than ever that our economy might pull off a pretty impressive feat, combatting inflation without a prolonged, painful recession…Allowing more of our friends and neighbors to remain employed. In this episode, Pat Flood discusses why we may have seen the peak of mortgage interest rates and discusses when we can all celebrate lower interest rates again.
News You Can Use | When Will Rates Drop?
Last week, the Federal Reserve once again raised short-term interest rates by 25 basis points. Some experts predict another rate increase later in 2023. However, mortgage rates are not expected to be significantly impacted, as they are already near their peak. In this episode, Pat Flood shares historical data to give context to the current rate environment and indicators that could lead to interest rate relief.
News You Can Use | Taco Bell or Chick-fil-A?
In challenging professional seasons, you can either exit the business or provide additional value. Many have already left the real estate and housing finance industries this last year, and there will be many more to come. Those that remain must be committed to offering more value. However, value isn’t just about price. In today’s episode, Pat shares a simple formula the BEST brands utilize to offer more value to their customers.