08.19.24

Written by Chase Majerus and Dyllon Brown

Construction Boom? In This Economy?

Welcome to This Week Today! Consider us your weekly cheat sheet for all things mortgage, real estate, and financial news. We slice and dice the industry jargon into bite-sized bits that are easy to digest—because who has time for word salads? Delivered fresh to your inbox every week, we promise to keep you informed and maybe even crack a smile along the way.

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Today's Agenda:

S1L Home Equity Loan

Use Your Home For The Best Future Gains

A home equity line of credit, or HELOC, lets you borrow against your home’s available equity. Applying for a HELOC with Synergy One Lending is fast and easy. Our application is fast, easy, and all online. If pre-approved, you’ll be instantly presented with your offer options.

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Construction Boom? In This Economy?

The U.S. is experiencing a construction boom, leading to an increase in available rental units and a decrease in median asking rents, according to Zillow and Redfin. And we hope that’s accurate because those Zestimates can be a little inaccurate

More landlords are offering rent concessions, such as free weeks of rent or free parking, to attract tenants. Rent prices have slightly decreased nationwide, with significant declines in Sun Belt states like Texas and Florida. Wage growth, although slowing, is still outpacing rent increases, easing financial pressure on renters. The labor market’s loosening is expected to further soften the rental market.

Read more here

Social Space

Our Top Social Links of the week

Video:
Refinancing couldn’t be hotter, here’s how to take advantage of this! – Watch here!

Video:
A toddler could do better house work – Watch here!

Read:
Phil Collins Penthouse (WOW) – Read here!

Listen:
“It’s just a house in Santa Barbara” – Listen here!

S1 FinFit App

Digital financial assistant at your fingertips

S1 FinFit is a FREE app that provides a roadmap to help you reach your financial and lifestyle goals, no matter how big or small! Free credit monitoring with alerts, set financial goals, create budgets, and keep track of your spending to see where your money is going.

Download the app on the appropriate app store with the links below!

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Michigan Antitrust Suit Against NAR

Last week, with just days until the National Association of Realtors’ (NAR) big business practice changes kick in, the group is faced yet another legal headache.

Three Michigan-based Realtors are suing NAR, claimed that the mandatory membership in NAR and state/local Realtor associations is an antitrust violation—a bit like being forced to join a club just to do your job. The lawsuit also accuses NAR of perpetuating shady compensation practices that could harm consumers and brokers alike.

The plaintiffs are demanding a class action status, claiming this compulsory membership hurts their earning potential and business operations. Essentially, they’re saying, “We’re paying to play in a rigged game.” The Realtors are seeking damages, injunctive relief, and of course, a jury trial. NAR hasn’t responded yet—probably too busy preparing for the other lawsuit showdown.

Read more here

Vlog

Financial Fitness For Life

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S1 FinFit is really the last personal financial app you’ll ever need.

A couple years ago, S1 FinFit became an important part of the Synergy One Lending business because it adds so much value to people preparing themselves for home ownership while maintaining financial discipline.

What kinds of things can you do with S1 FinFit?

You can monitor your credit, set up and use any of the budgeting tools, and you can actually monitor the value of your home. There’s so much more you can do with this one app, all you need to do is downloaded from your app store, and you will be able to use this every day for the foreseeable future to make your financial fitness at the top of its game just like you would any part of your life.

Check out S1 FinFit here or check out our video from CEO Steve Majerus here!

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