11.25.24

Written by Chase Majerus

Finance Insights Ready to Serve

Happy Thanksgiving! While you’re dodging debates at the dinner table and sneaking an extra slice of pecan pie, we’ve got a feast of housing, mortgage, and finance insights ready to serve.

It’s that magical time of year when we gather around a table, argue over the best side dish (Pillsbury crescent rolls), and listen to your “finance bro” cousin do a whole exposition about Bitcoin hitting $100k. But while you’re pretending to like Aunt Karen’s “signature” green bean casserole, we’re here to keep things short, sweet, and way more useful.

Because that’s my vibe: quick, fun, and easier to digest than turkey leftovers—let’s get into it!

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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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Thanksgiving Travel and Food Tur-keys

TRAVEL

Thanksgiving travel chaos is on the horizon, with an estimated 80 million Americans hitting the road or skies, according to AAA. Weather conditions aren’t helping, as storms are expected to bring rain, wind, and snow across the West Coast, Northeast, and Rockies.

The weekend before Thanksgiving saw scattered rain and mountain snow out west, while the Northeast battled high winds and lingering rain. Tuesday and Wednesday are shaping up to be the busiest travel days, with storms spreading rain and snow from the Great Lakes to the Ohio Valley and the Northeast. Skiers, rejoice—fresh snow is expected in the Rockies and Sierra mountains for a powder-packed holiday.

Meanwhile, Macy’s Thanksgiving Day Parade attendees in NYC may want to pack an umbrella, as rain could crash the celebration.

Read more here

FOOD

This year’s Thanksgiving feast for 10 will cost $58.08, down 5% from last year but still 19% higher than five years ago, according to the American Farm Bureau Federation.

Turkey prices dropped 6% thanks to lower demand, despite fewer birds being raised due to avian flu. Fresh vegetables like celery and carrots also saw price declines, while processed items like stuffing and dinner rolls rose by over 8%.

Regional differences remain stark, with Western diners paying the most ($67.05) and Southerners the least ($56.81).

While grocery bills are stabilizing, farmers are feeling the pinch, with production costs rising and farm incomes falling. Despite challenges, American food remains among the most affordable globally, with consumers spending less of their income on food than nearly any other country.

Read more here

Read about our last Black Friday Turkey here

Major Manor

Short Major Manor Sub Head Here

Own of a piece of Snoop Dogg legend today! Not really. I mean, it’s a home in Georgia that he bought in 2021! While not a lot of history was made here, you should still check it out. It’s kind of a steal.

This six-bedroom, four-bathroom brick home in Douglasville, GA, is a rare find in fact, offering a perfect blend of privacy, space, and modern convenience. Located in the sought-after Holly Hills subdivision, it provides a versatile layout ideal for families or multigenerational living. Let’s check it out:

  • Features an open floor plan with a grand two-story entry, vaulted ceilings, and a light-filled living room with a fireplace
  • Primary bedroom includes tray ceilings, two closets, a large sitting area, and an ensuite with separate vanities, a soaking tub, and a shower
  • In-law suite with a movie theater, exercise room, and direct backyard access
  • Situated near parks, golf courses, Sweetwater Creek State Park, and just 30 minutes from Atlanta

Read more here

Social Space

Our Top Social Links of the week

Video:
Morning Brew: Why Mortgage Rates Haven’t Changed – Watch here!

Video:
Shopping at HomeGoods be like… – Watch here!

Read:
Buying a home looks like a midlife milestone rather than a youthful leap – Read here!

Video:
Homebuilders are where it’s at – Watch 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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Black Friday

Below are 7 stats about Black Friday etc.

  • Holiday sales are predicted to grow between 2.5% and 3.5% over 2023
  • 29% of Gen Z and 26% of millennials will use social media for holiday gift ideas
  • Cyber Week online spending is expected to hit $40.6 billion
  • Buy now, pay later is expected to set a record this holiday season
  • Retailers will hire 400,000-500,000 employees for the holidays
  • 2 out of 5 customers plan to use generative AI to help with online holiday shopping
  • Record online sales of $240.8 billion this holiday shopping season

Read more here

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