Landlords
Real Estate Investors
Landlords
Reinvest and watch your money grow
Just a Phone Call Away
(866) 247-5256
How It Works?
It is very simple, have a deal under contract
Contact us
http://ifo@247jcloans.com
Call (866) 247-5256
Fill out the paperwork
Answering all the questions
We review it
Submit it
If it meets our standards
We Fund It!
"INVESTMENT PROPERTIES ONLY"
Good Credit, Bad Credit, No Credit
No Issue
Loans are Asset-based
Loans are issued at 65% to 70%
of the Purchase price
plus 100% rehab costs
There are times when
a loan can cover 100%
of the cost to purchase, closing costs,
as well as the cost to fix up the property
Call to find out how we can help you fund
your next deal
1 (866) 247-5256
All cash offer
A Look At the US Housing Economy
U.S. Economy: Signs of Strength Amid a Shifting Landscape
The U.S. economy continues to display resilience as Q2 2024 data reveals a solid 2.8% annualized GDP growth rate, doubling the 1.4% growth in Q1. This uptick was driven by robust consumer spending, increased private inventories, and strong business investments. Consumer spending accelerated to 2.3% in Q2, contributing 1.6 percentage points to overall GDP growth, up from 0.9 points in Q1. Notably, businesses ramped up inventory levels, possibly preparing for holiday orders to avoid future supply disruptions.
While non-residential investments saw their strongest growth in a year, residential investments experienced a dip after three quarters of growth. Final sales to private domestic purchasers—a key measure of U.S. consumer activity—rose 2.6%, reflecting steady demand.
Labor Market Cooling Amid Strong Job Gains
Despite the positive GDP figures, the labor market is beginning to show signs of softening. July’s total nonfarm payrolls saw gains of just 114,000, and revisions for May and June reduced prior totals by 29,000 jobs. However, the three-month moving average of 170,000 job gains still indicates a relatively strong labor market. The unemployment rate edged up to 4.3%, its highest level since November 2021, while the labor force participation rate increased slightly to 62.7% in June.
Wage growth has slowed but remains above pre-pandemic levels, with average hourly earnings rising 3.6% year-over-year. Despite this moderation, the employment cost index grew at its slowest pace since 2022, signaling some relief from inflationary pressures. Job openings also dipped slightly to 8.18 million, the lowest since March 2021, while the ratio of job openings to unemployed individuals fell to 1.2—close to pre-pandemic levels.
Inflation Moderating Toward Fed Targets
Inflationary pressures are easing, moving closer to the Federal Reserve’s 2% target. The core Personal Consumption Expenditure (PCE) Price Index rose just 0.2% month-over-month in June and 2.6% year-over-year. Energy prices continued to decline, and goods prices saw a modest drop of 0.2%. The Consumer Price Index (CPI) also showed favorable trends, with a 0.1% monthly decline and a 3.0% year-over-year increase—the lowest since March 2021. Core CPI inflation, excluding food and energy, rose by 3.3% over the year.
Shelter costs, which have driven inflation in recent months, posted their slowest growth since August 2021. However, shelter inflation still accounted for nearly 70% of the total increase in core CPI.
Housing Market Struggles Despite Lower Mortgage Rates
The U.S. housing market continues to face challenges, despite a dip in mortgage rates. Total home sales in June reached just 4.5 million—the lowest level since July 2011. Existing home sales fell to 3.89 million, down 5.4% from both the previous month and the same period last year. New home sales also dropped to 617,000, a decline of 0.6% month-over-month and 7.4% year-over-year.
Housing inventory remains tight, particularly for existing homes, which are still below pre-pandemic levels despite a 23% year-over-year increase. Meanwhile, new home inventory is at its highest level since 2008, though many of these homes are still under construction. Homebuilder confidence took another hit in June, dropping to 42, below the threshold of 50, signaling expectations of weaker building conditions in the coming months.
House Prices: Growth Slows, but Regional Differences Emerge
House prices continue to rise, albeit at a slower pace. The Freddie Mac House Price Index (FMHPI) showed a 0.2% increase in June, bringing annual growth to 5.2%. Since December 2019, nominal house prices have surged nearly 50%, though inflation-adjusted (real) growth has been more moderate.
House price dynamics have evolved differently across regions. “Zoom towns,” which saw a rapid influx of remote workers during the pandemic, initially experienced sharp price appreciation. However, some of these areas are now seeing a reversal, with prices leveling off or even declining. On a national level, inflation-adjusted house prices have grown at around 5% annually since 2019, with metros in the Southeast and Northeast outperforming other regions. In states like Florida and Tennessee, strong in-migration has driven robust real growth, while markets in Southeast Texas, Louisiana, and Northern California have lagged behind.
Finance Your Real Estate Investments
Looking to make your next big move in real estate? Unlock the funding you need with our tailored loans designed specifically for real estate investors like you. Whether you're eyeing your first property or expanding your portfolio, we offer fast approvals, flexible terms, and unbeatable rates to help you close deals with confidence.
Don't let funding hold you back—get the financing you need to turn your investment dreams into reality. Ready to get started? Let’s talk!
Info@247jcloans.com
(866) 247-5256
