Written by Chase Majerus

Redy for Agent Listings

Redy, an online marketplace co-founded by “Million Dollar Listing” stars Josh and Matt Altman, launched in five cities to help home sellers find the perfect real estate agent and get paid for it. The platform allows agents to compete for listings, leading to higher sale prices and cash bonuses for sellers. With over 5,000 homes listed, Redy is shaking up the real estate market by offering unprecedented control and transparency for homeowners.

And it’s just a small part of what we talk about here on This Week Today, the newsletter dedicated to all things real estate and mortgage!

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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.


Home Price Records

Sales of existing homes are lounging at a 30-year low, barely budging in May. Makes sense, since home prices climbed to new heights and mortgage rates remained sky-high.Homes sold at a glacial pace, with rates leaping in April and then hovering around 7%. “Home sales refuse to recover,” lamented Lawrence Yun of the National Association of Realtors, possibly while shaking his fist at the sky where rates are located.

Sales held steady everywhere but the South, which took a 1.6% nosedive. Inventory, however, decided to show up to the party, jumping 6.7% from April and 18.5% from last year. The median price of homes hit a record $419,300, up 5.8% year-over-year, making wallets cry and ruin the pants of its owner. If you’re a cash buyers, that seems to be the winning ticket because that accounts for 28% of sales, while first-time buyers are hanging in there at 31%, proving that hope springs eternal—even in this market.

Read About Record Home Prices Here

Major Manor

A Real Timepiece

A three-bedroom home in San Francisco’s Russian Hill is up for grabs at a mere half-million dollars, but don’t pack your bags yet—you can’t move in for 30 years (2053).

Prospective buyers lined up, drawn by the deal that comes with a tenant paying a whopping $417 a month until 2053. “I don’t know what to make of it,” said neighbor Ilia Smith, possibly while contemplating time travel.

Real estate experts liken it to buying a ticket to a really slow amusement park ride—great discount, but you’ll need patience of a saint. In the wild world of Bay Area real estate, it’s a steal if you don’t mind waiting three decades to enjoy it.

Don’t ask us why you have to wait, there doesn’t seem to be any clear answer on that!

Check out the investment of the future here

Social Space

Our Top Social Links of the week

Ever wanted to mow your own roof? – Read here!

BILT credit card is facing a dilemma – Read here!

This castle house is more house than castle – Watch here!

I know you have a landlord, have you ever BEEN a landlord? – 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!


Benefits of Homeownership

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June is National Home Ownership Month, and we’re super excited about that at Synergy One Lending. Let’s explore the many benefits of home ownership. First, you have the freedom to customize your space from painting the walls to renovating kitchens. The possibilities are endless when it’s your own home.

Another Great thing about home ownership is reaping the benefits of that positive appreciation that you get in equity as the value of your home rises. Where else can you put 5% down on a property, let’s call it 500,000. You put $25,000 down in the first year. Typical appreciation of a property is around 5%. That’s 25,000 in appreciation.

To me, as far as the benefits are concerned, stability has an awful lot to do with it. The stability of living in a property that is yours, yours only. You’re not subject to what a landlord says of what you can do with the property. When you have to move out of that property. Stability to mean matters.

If You’re renting, you’re always throwing your money away. You’re always making the landlord richer when you own, your possibilities are endless and you’re always building equity.

Check Out All the Benefits of Homeownership here

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Second Mortgage