Bryan Bowman Lending

04/23/2025

Talk about a winning choice! The average homeowner's net worth is 43 times that of a renter. Homeownership builds significant, long-term wealth and is a strategic move towards securing your financial future.

Talk about a winning choice! The average homeowner's net worth is 43 times that of a renter. Homeownership builds significant, long-term wealth and is a strategic move towards securing your financial future.

10/24/2024

**Why Home Prices Are Still Rising Despite Higher Mortgage Rates – A Lending Expert’s Perspective**

In essence, while rising rates have cooled the market, they haven’t created the conditions for a full-blown crash. Demand is still strong, and inventory remains manageable. The idea that higher mortgage rates alone will cause home prices to plummet ignores the complexities of the market.

As we move forward in this high-rate environment, it’s essential to stay informed about market conditions and consider alternative financing options. Whether you're buying, investing, or refinancing, private lending offers flexibility and speed that traditional lenders
Over the past several years, many people have predicted a steep decline in home prices as mortgage rates rise. Yet, here we are in 2024, and despite higher rates, home prices haven’t crashed. As a lending expert, I’ve seen these forecasts come and go, and I want to break down why home prices are still holding firm.

This isn’t a new story — since 2012, there have been continuous claims of an impending housing crash, often tied to economic shifts, interest rates, or doom-and-gloom narratives. In fact, some of these predictions date back more than a decade:

- **2012:** Shadow inventory
- **2013:** Rising mortgage rates
- **2015:** Manufacturing recession
- **2022:** 7% mortgage rates
- **2024:** Higher rates, rising inventory, and even off-the-wall factors like sexless men or credit card debt

None of these have led to the catastrophic market downturn that some people eagerly anticipated. Instead, they’ve often missed key fundamentals of the housing market. The truth is, home prices rarely drop in a significant way. If we look at history, since 1942, we’ve only seen a few years with price declines, and outside of the 2007-2011 crisis, home prices have remained resilient.

So, why haven’t home prices crashed in 2024, even with higher mortgage rates?

The answer lies in basic market principles: **supply and demand.** To see a significant drop in home prices, we’d need a huge surge in inventory or a flood of distressed sellers. However, the current rise in housing inventory has been calm and steady, not a flood. According to the National Association of Realtors, home sales dropped only 1.0% from August to September 2024. Year-over-year, sales are down just 3.5%.

In essence, while rising rates have cooled the market, they haven’t created the conditions for a full-blown crash. Demand is still strong, and inventory remains manageable. The idea that higher mortgage rates alone will cause home prices to plummet ignores the complexities of the market.

As we move forward in this high-rate environment, it’s essential to stay informed about market conditions and consider alternative financing options. Whether you're buying, investing, or refinancing, private lending offers flexibility and speed that traditional lenders often cannot match. At Power Lending Partners, we're here to help you navigate these shifting market conditions and find the right solutions for your financial needs.

10/20/2024

"Your Dream Home is Closer Than You Think 🏡💡

Thinking about buying a home but unsure where to start financially? Here’s what you need to know:

💰 Save for a down payment: While 20% is the traditional goal, there are options with lower down payments available. A solid savings plan is key.

📊 Know your credit score: A higher credit score means better interest rates. Take steps to improve your score before applying.

📝 Get pre-approved: This shows sellers you’re serious and helps you understand exactly what you can afford.

🔍 Budget smartly: Include closing costs, taxes, insurance, and maintenance in your plan. Don’t just budget for the house—budget for life in the house.

Remember, homeownership is a journey, and with the right steps, your dream home can become a reality sooner than you think!

DM me if you want to talk about mortgage options or financial planning tips to get started on your path to homeownership. Let’s make it happen together!"

09/09/2024

Veterans!!!! Rates are dropping. See what kind of savings are available to you. 😎❤️

08/20/2024

In my career, I’ve had the privilege of helping hundreds of Veterans realize their homeownership dreams or save a significant amount of money. Many of those I’ve spoken to have shared their memories of serving our country, often with a deep sense of fondness, despite the challenges they faced.

What do you miss most about being in the service?

08/12/2024

Veterans... Only you would know...

Here’s something a little more lighthearted: Out of those surveyed, which branch of service do you think they said would be the easiest to be in?

What’s your guess? Comment below!

01/10/2024

04/20/2023

Media headlines say home prices are declining… but are they? 🤔

03/25/2023

Your 1 minute ⏰ mortgage market update.

02/03/2023

Let’s talk recession…