R.O.I. Real State – Residential Newsletter- December 2023

Posted on January 17, 2024

On December 13 the Federal Reserve held the Federal Funds Rate at its current level and indicated plans for three rate decreases in 2024. Mortgage rates responded with a drop from 7.1% to 6.6% within 2 days, where they have stabilized—down about 1.4% since October’s 8.0% peak. On a $400,000 loan, that’s $380 off the monthly payment.

From the vantagepoint of the annual holiday lull, it’s a bit difficult to project how lower rates will affect supply, demand, and overall activity going forward. Theoretically, they may create more market demand and favorably impact sales volumes for homes under $1 million. More affordable rates might finally create opportunities for sellers who have been locked in for the past few years and free up their properties. On the buyer side, they could enable buyers to move up or get out of the rental market.

November to December 2023, the supply-demand index declined from 109.4 to 105.1, with a small rise in supply and minor decrease in demand.

Originally shared via roiproperties.com newsletter. Click here to read full newsletter.

Kenwood Mortgage Investments

7950 East Redfield Road #110
Scottsdale, Arizona 85260

loans@kenwoodmortgage.com

AZ: (480) 783-8800
Fax: (480) 783-8808

MB #13866 | NMLS #170223

Thank you guys very much. Definitely would not have happened without you. I definitely enjoy the convenience of dealing with Mark. It was a pleasure the first time and a pleasure once again.

Jonathan S.

Good Afternoon Randy, I am very grateful for the opportunity your company and you personally given to me. Thank you for all your help and I appreciate you and your staff and looking forward to working with you in the future. I have just close the loan today and the title should send you all the documents needed. Thank you!

Daniel Y.

Randy and Tiffany, I just wanted to give a big thank you to both of you for making the Mesa purchase such an easy and hassle-free experience. I look forward to working with you again in the near future.

Larry C.

Randy worked closely with me and my real estate agent to purchase an investment property in Scottsdale and even with us being in Canada, all went smoothly and we closed the transaction on time. Tiffany, Randy and Rose’s assistant, prepared the docs and she is a gem.

Jon

I called Randy and Rose at 11:00am and needed a loan that day by 2:00pm to preserve my right to purchase a piece of property I had under construction. Rose typed the docs, Randy got in his car and inspected the property and wired the funds to the seller — and we closed by 1:30 that afternoon!! They dropped everything and saved me. What can I say — they are terrific.

Charley

Randy, I called five different lenders before calling you. You definitely had the best terms and now that the deal is closed I can say the best service as well. My client is extremely happy.

Kenny

I want to say thank you to all the staff at Kenwood Mortgage. Randy, Rose, Mark and Jessica made my loan transaction seem effortless. From the first phone call I made to Kenwood to the closing of my loan it was seamless. They were all very knowledgeable, efficient and professional in dealing with me. Private Money lenders sometimes get a “bad rap” but these guys are “top notch”. They will always be my first call on any of my real estate transactions. Thanks again for a job well done and can’t wait for the next one.

Brian

We have a successful jet charter business and had an opportunity to acquire another aircraft but had to move fast. We called Mark Speno and Randy Persson and they underwrote an investment property that our principal owned and funded a cash out refinance within days. Very smooth ride with Mark and Randy. I recommend them to anyone requiring quick real estate financing.

Frank P.

Randy is not a traditional banker. He really cares about me growing my business. He’s always available for advice and feedback about new projects and the development of the current sites.

Skip

Randy is the sole reason for me being able to get back on my feet so quickly post bankruptcy, providing me the financial boost that I needed to get me into my current situation.

Don S.

From: Charles S… “Greg, do you know any hard money lenders you can refer me to?” Reply: Greg S…. “The best in town (highest in integrity) is Randy Persson. It’s Kenwood Mortgage in Scottsdale 480.783.8800"

Greg S.

Thank you for all your help in getting us our loan so quickly. Much appreciated!

Gloria D.

Debbie and I would like to thank you for all your efforts in helping us close on our house. Your patience and fortitude with both us and the Title Company is truly appreciated. Here's to the beginning of a very profitable business relationship for us all!

Pam A.

The team at Kenwood Mortgage helped me seize a discount on a time sensitive business opportunity. They brought the experience and resources to the table that made everything seamless. That allowed me to focus on what I do best, bringing high caliber insurance services to my community.

Mickey C.

The rapid expansion of Impact Church required transitional capital that would prepare us for the construction of our new campus in Scottsdale. Kenwood is a local lender who understands the direction of our ministry as well as the future value of our operations and closed the loan in record time.

Andre W.

I take pride in my established reputation of moving quickly and efficiently for clients who are competing in the Phoenix Metropolitan real estate market. Kenwood Mortgage Investments provided a 24 hour funding on a fix and flip when other lenders wanted a week or more. Success requires working with a lender who operates the way I do, Kenwood is that lender.

John H.

Just an update on the job progress. Couldn’t have pulled this off without your help. Thanks again!

John R.

We would like to know if we could work with you again based upon our past project performance... You were so helpful the last time and again we want to express our appreciation for guiding us through our second project.

P.A.

I’ve worked with Kenwood Mortgage on a number of deals. They are fast, efficient, and ethical. I have never had to wait on a deal to go through, or deal with issues with lost paperwork or hidden fees as I have with other mortgage companies. I will do business with them again.

Eric B.

The professional service at Kenwood Mortgage is A+ Rating! Randy, Rose, Mark and Tiffany are true professionals! They have closed loans for my customers when other lenders have failed. You need a mortgage loan, with fast professional service do yourself a favor and call Kenwood Mortgage!

Wayne T.

My father has been investing my trust money with Mark Speno of Kenwood Mortgage for the last 2 years. It has been a very profitable and pleasant relationship. I, along with my father Ron, highly recommend Kenwood as a vehicle for any of your investment needs

Hayley T.

Kenwood Mortgage is an amazing family owned business with exceptional professionalism. They have closed loans for my customers and always have been top notch. What they present is what they provide. Always on time and excellent service. I highly recommend this company as they are very trustworthy, honest, fast and efficient. I have had the pleasure to work with them for over 8 years, and know they will always be there for lending needs for my clients.

Connie M.

Good Morning, Mark – I just wanted to thank you, Randy and your partners once more. I truly enjoy speaking and working with you.

Lisa

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Kenwood Mortgage Investments is a licensed Mortgage Broker in the state of Arizona. NMLS MB #13866 | NMLS #170223. This is not a commitment to lend. All loans subject to credit approval. Guidelines subject to change without prior notice. This information is provided to assist business professionals only and is not an advertisement extended to the consumer as defined by Section 226.2 Regulation Z.-EOE. Equal Housing Lender. 7950 East Redfield Road #110, Scottsdale, Arizona 85260. Main: AZ: (480) 783-8800. Powered By Loan Officer X.

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