Aaron Gordon - Guild Mortgage

HUGE EVENT ANNOUNCEMENT:

Want to know what Las Vegas real estate 2024 will look like?

Join me, commercial and residential real estate experts and a local economist to discuss everything market-related for ‘24

Wednesday January 10th
9am-11am
Spanish Trail Country Club

For a FREE ticket, use this CODE AARONVIP or link below.

www.eventbrite.com/e/780898116287/?discount=AARONVIP

It’s an event announcement Wednesday!! 🙂

Want to know what mortgage rates will do in 2024? Or if you should sell or buy a home next year? Join me tomorrow on Shay Black’s National Podcast. Details below.

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Have you heard about falling mortgage rates going into the 5% range?? 🏘️How about an uptick in buyer demand? ↗️How about the Fed is going to drop rates next year? 📉 How about the refinance boom currently underway? 💵

Well if you want the greatest and latest news about what is actually going on this week then tune into The Wise Agent Society’s National Real Estate News show tomorrow LIVE right here in Facebook! You can also watch live on YouTube and LinkedIn! 11am CST/ 9am PST! See you there! https://linktr.ee/theshayblack

This a going to be a GREAT ONE mixing residential and commercial real estate projections with a rock star local economist. Can’t miss this! 🙂

📆 Save the Date: January 10, 2023! 🏡✨

Mark your calendars for the most anticipated real estate event of the year - : Las Vegas Real Estate Forecast!

🌆 Date: January 10, 2023
🕒 Time: 9:00 AM - 11:00 AM
📍 Venue: (Live Event) Spanish Trail Country Club

Join us for an insightful morning filled with expert wisdom from:
📊 John Restrepo, Economist
🏡 Steve Hawks, Realtor
🏢 Dan Doherty, Commercial Realtor 💼 Aaron Gordon, Lender

🎙️ Moderated by David Brownell, Realtor

Whether you’re already in the industry or looking to dive into real estate, this event is your key to success. Stay tuned for more details and registration info - it’s an opportunity you won’t want to miss!

Let’s shape the future of Las Vegas real estate together. Stay tuned for updates! 🏠🔮

Super excited to announce the addition of Rupali Sodhi to our team!! Rupali came from the fashion world and was referred to me by a legendary Las Vegas businessman when Rupali made a career shift to real estate finance. Rupali speaks Indian and Punjabi and her husband is a local attorney. Welcome Rupali!!

Las Vegas is worldwide. 💙

Las Vegas is worldwide. 💙

Tonight in NYC.

Really exciting day! I’m speaking virtually at a sales meeting for Chad Hedrick’s real estate team in Houston, TX. Chad is an five-time Olympic Medalist and Olympic Gold Medalist now real estate rock star and social media influencer. Check out his Instagram . Really good follow and example of how to do social media. We are talking “home affordability” today. See you soon Chad and Gold to Sold Team!!! 🙂

Buy a house for half-price! Ok, sort of. 🙂

So you’re thinking about selling your $600,000 home and moving. You’ll net a ton of cash, $300,000, but you may have trouble qualifying for a new payment with today’s rates and you definitely don’t want a big payment.

You want a really great new house in your new city. Not just a $300,000 house you can pay cash for.

If you are 62, or over, you can do a home equity conversion mortgage, put down 50-60% on the new house and never have a house payment again. You only pay property taxes and insurance….FOR LIFE!

And guess what? Credit score and income are rarely a factor. Qualifying is mostly based on your equity.

Is this you or someone you know? Private message me for more details and let’s set up a call.

Mortgage rates up again today and apparently heading to 8% in the coming weeks.

Why are mortgage rates staying high and going up? Four biggest reasons:

• The economy is far more resilient than the markets thought.
• The Fed is expected to keep rates higher for a longer time than the markets previously expected.
• The U.S. Government’s spending deficit continues to grow, which requires increased amounts of debt to fund.
• The Fed propped up the economy during the Great Recession and pandemic by buying Treasuries and mortgage-backed securities. They now say they may sell these bonds.

When will it end? Lots of predictions but no certainty. A recession or high unemployment will likely bring rates down.

Could be six months, could be a year, could be 2-3 years, or even more.“Rates down” doesn’t mean historically-low, rarely-seen rates in the 2’s, 3’s or even the 4’s, barring a financial crisis, which caused those. Think “back down” to 5-6 percent as “normal.”

According to the Congressional Budget Office, the U.S. government's debt will rise by $5.2 billion, every single day for the next decade.

Fed raised interest rates .25 again today. Highest level in 22 years as it tries to curb inflation.

What does that mean for mortgage rates? Not much. Mortgage rates were down today.

Coming to Netflix this fall, “First Wives Club 2.”

Original “Swifties.” Me and the late, great Bill McKenna. Saw Taylor in San Diego in 2013 at the Sports Arena. I think we paid like $70 for floor seats. Oldest “kid-less” dudes in the arena by 20 years. 😂😎

Home Affordability Comparison

Today:
Median income $73,000
Average home price $410,000
Mortgage rates 7%
Typical buyer spends 32% of income on housing
Time to buy or wait?

1981 (last big inflation year)
Median income $19,000
Average home price $66,000
Mortgage rates 18%
Typical buyer spent 51% of income on housing
5 yrs later, prices were up 40%
10 yrs later, prices had nearly doubled

Morningstar: "We expect the average mortgage rate to decline to 4.00% by 2025"

Getting most important reading done poolside.

Are mortgage rates heading to 8%? Seems pretty likely after recent news. If you’re a homeowner watching your equity for the “right time to sell” to cash-out “at the top,” I’m not sure how it gets any better than today.

I’m very sympathetic. I pray they save those folks on the “Titanic Sub,” but if someone had ever presented me with “Hey Aaron, you want to jump in a metal box the size of a mini-van, go down around 12,500 feet, to check out the wreckage of the Titanic, thru a very small window, with limited light, in extreme darkness, and do something done by fewer people than have stepped on the Moon?” my answer would be a hard no…at any cost. Not even free.

Those folks are not only brave but their level of adventurousness is on a scale beyond comprehension. Praying they find them.

Adin Hill with the Larry Johnson jersey. One of the best pictures I’ve ever seen.

Fact. 🙂

27 PTS, 6 REB, 6 AST. Nice work, Aaron Gordon!! Nice work! 😳😂

US Regulators were never going to allow crypto, in its infancy, to be long-term.

This was the fear, and the investment risk, since the very first days and why so many stayed away.

This is the regulatory moment that will likely pivot it into a real thing. A real, far more regulated thing.