Written by Chase Majerus
Welcome to This Week Today, where we break down the latest in mortgage and real estate news, sprinkle in some fun, and make sure you leave feeling like the smartest homeowner (or future homeowner) on the block.
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.
Oh, you don’t know what a “vibecession” is?
Vibecession (vīb·ces·sion) noun – a period of negative sentiment (aka bad vibes) by American consumers about the economy, despite the economy looking good on paper.
Good news: Economists are finally seeing a shift as people start feeling less gloomy, with inflation cooling and rate cuts on the horizon. Michael Pearce says it’s all about optimism for the future, with the Fed setting the stage for some rate-cutting action this month.
Consumer confidence is rising, spending’s been stronger than expected, and we might just pull off that mythical “soft landing.” Meanwhile, a group of recession-predicting doomsayers (aka “recessionistas”) are still holding out for a downturn, but even they admit it’s not happening anytime soon.
In short, things are looking up—let’s call it a vibe correction! – Read more Here
Freddie Mac has a new CEO, Diana Reid, who comes with 40 years of experience in banking, real estate, and affordable housing.
She previously worked at PNC Financial and has a strong track record in real estate finance, helping lead through the financial crisis. Reid replaces Michael DeVito, who retired in March, and will join Freddie Mac’s board of directors.
Her mission is to keep Freddie Mac safe and sound while improving housing affordability. The company recently made headlines with a pilot program to help homeowners tap into home equity without refinancing, though it’s faced some industry pushback. – Read more Here
Blackstone is selling $1.05 billion in commercial mortgage bonds to help finance its $10 billion acquisition of AIR Communities, an apartment-focused real estate investment trust (REIT). This follows a $2.95 billion bond sale in July, also backed by AIR Communities properties.
The sale is part of a trend in CMBS (commercial mortgage-backed securities) issuance, which has reached nearly $70 billion this year. Wider spreads on CMBS suggest more cautious lending, as concerns about commercial real estate credit quality have persisted.
For American homebuyers, this matters because large real estate deals and investment in rental properties can affect housing availability and affordability, especially as competition between renters and buyers impacts home prices. – Read more Here
What do New York and Palm Beach have in common? They’re both rolling in ultra-luxury home sales, with $10 million-plus mansions flying off the market like hotcakes!
In the second quarter, New York led the U.S. with 72 mega-home sales, while Palm Beach saw a 44% surge—because apparently, the rich just can’t get enough of those beachfront estates. Meanwhile, LA’s mansion sales dipped 29%, thanks to a hefty new mansion tax that’s making the ultra-wealthy reconsider their West Coast digs.
Globally, Dubai is the new king of luxury real estate, leaving even London in the dust with an 85-sale quarter. So, while the rest of the world takes a breather, the rich keep buying trophy homes, proving there’s always demand for a $150 million private island.
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Someone needs to explain why renters keep investing in their landlords instead of themselves.
When you rent, every payment you make builds your landlord’s wealth, paying off their mortgage and boosting their financial future—not yours. It’s time to flip the script.
When you own a home, your monthly payments go towards building your own equity, creating a piece of financial security that’s all yours. The longer you own, the more equity you build, turning your home into a valuable asset that works for you.
Whether you’re planning for retirement, saving for your kids’ college, or just aiming to build long-term wealth, start investing in yourself—not your landlord. Let’s make homeownership your next big investment!
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Want to live on a Royal Caribbean ship? (Me neither) – Read here!
Video:
Stop building your landlords wealth – Watch here!
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SENTENCE HERERead here!
Watch:
This House Hunters Breakdown Had Me In TEARS Laughing – Watch here!