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1818 E. Southern Ave, Suite 15C
Mesa, AZ 85204
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December 12, 2023 – The Last Time the Fed Meets

Economic Commentary Today is the last meeting of the Federal Reserve’s Open Market Committee. Well, for the year anyway. Though technically, the Fed can call an emergency session at any time if a crisis takes place. For example, the “Black Monday” stock market crash of October of 1987. There were emergency rate cuts in response to the Financial Crisis of...” Read More

Posted by starwest

December 5, 2023 – New Conforming and FHA Loan Limits

Economic Commentary Fannie Mae, Freddie Mac and the Federal Housing Administration have all announced higher loan limits for 2024. This is great news for homebuyers because these agencies give them access to low-downpayment financing for their homes. Having access to low-downpayments is key as the cash needed to purchase is often cited as the number one barrier to homeownership. Many...” Read More

Posted by starwest

November 28, 2023 – The Home Stretch

Economic Commentary Thanksgiving is over. That means we are in the home stretch of the year. From a business perspective, many within the real estate industry will be happy for this year to end. There is no guarantee that next year will be better, but most analysts are pointing towards a gradual improvement in the real estate market next year...” Read More

Posted by starwest

November 21, 2023 – Happy Thanksgiving

Economic Commentary This week we will celebrate Thanksgiving. As is tradition, we will count the ways in which we should be thankful – no matter how challenging the year has been! From a personal perspective, we hope that you all have had a great year. From a business perspective, it is probably easier this year to count the challenges. To...” Read More

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November 14, 2023 – The Mortgage Rate Questions & Microunits

Economic Commentary We will ask three mortgage questions this week. First, why are mortgage rates so high? We know why interest rates are high—the Federal Reserve has increased short-term rates to deal with stubborn inflation. But mortgage rates have risen far more than the rates on Treasuries. One reason? In addition to the Fed raising rates, they have also stopped...” Read More

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November 7, 2023 – Key Indicator – The Jobs Machine

Economic Commentary Well, it is settled. There will not be a recession in 2023 despite the fact that just about every market analyst was predicting one to start this year. This does not mean that a recession won’t hit in 2024. As a matter of fact, we are convinced that a recession is more likely now that more analysts are...” Read More

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October 31, 2023 – Wars are Increasing Inflation Rates

Economic Commentary For months the Fed has been waging a robust war against inflation. But as we know, this is not the only war being fought. There are wars against drug addiction, poverty and even illegal immigration. And of course, the classic definition of wars being fought in Ukraine and now Israel against terrorists within the Gaza strip. Though these...” Read More

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October 17, 2023 – Bear Markets

Economic Commentary Bonds are in a significant bear market. A bear market in bonds is different than the typical bear market we discuss – which is the stock market. While both are characterized by a drop in prices (for stocks it is typically 20%) – a bear market in stocks is typically accompanied by a declining economy and a bear...” Read More

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October 10, 2023 – One More Rate Increase?

Economic Commentary Back to the topic of higher rates for longer, as the members of the Federal Reserve Open Market Committee keep delivering a central message to the public at large through their statements. The message is that rates are not high enough to bring inflation down to where they would like. While they also say that they are willing...” Read More

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October 3, 2023 – What is a Soft Landing?

Economic Commentary What is a Soft Landing? The vast majority of analysts forecasted a recession in the second half of 2023. We are now more than half-way through the second half and there are no signs of a recession, except in the housing sector. However, the economy continues to slow down from the solid growth of the first half of...” Read More

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