David and Ronni Black - The Reverse Mortgage Matchmakers

David and Ronni Black - The Reverse Mortgage Matchmakers The trusted experts in reverse mortgages, dedicated to helping you make the most of your home equity!

02/19/2024

Happy President's Day!

Last week marked a small increase to home for sale and average list price came down slightly. Likely a reaction to rate increases and the inflation reporting 3.1% versus the anticipated 2.9%. With the latest economic reports many believe fewer rate cuts are coming this year.
With inventory at lows rarely seen home prices are likely to remain strong if not at least slightly increasing.

What are your thoughts on where 2024 is headed?

02/12/2024

Inventory has been reduced slightly and median list price remains rigid.
An important story to follow is that a record number of boomers will be retiring this year. This will certainly have a ripple effect to dollars circulating in the market. According to one study an estimated 60% of retirees rely on social security as their main source of income and 50% of people age 55-66 years old have no retirement savings. Accessing equity locked up in most retirees biggest asset (their home) might become more important to survival.

Call me today if you would like to learn more about how to unlock equity and improve your cash flow situation.

385-985-8100
David Black
Legacy Lending USA
NMLS #1379954

02/05/2024

Getting dippy in the fast lane (name that movie)! Rates shot down then crept back up when the unemployment report showed stronger than expected numbers. If you love a roller coaster ride, just follow the daily mortgage rates.
In local news, a little bit more inventory hit the market at a slightly higher median list price. Consumer confidence seems to be gaining momentum.

Shoot me a text or call me if you want to talk mortgages or the market in general.

385-985-8100
David Black
NMLS 1379954
Legacy Lending USA

01/29/2024

Happy Monday! Median price up slightly, as well as median price of new listings. Average days on market and median days on market are stagnant. Is this possibly the result of a combination of low inventory and inventory that is not as desirable?

For more details on the real estate market in Maricopa County feel free to reach out.

385-985-8100
David Black
NMLS 1379954
Legacy Lending USA

01/26/2024

When your co-worker is also your spouse, and the office is the living room 🏠💼 Who knew 'working from home' would involve this much teamwork and occasional debates over the thermostat? 🤣

01/22/2024

Trails and Tacos was a success! It was so much fun we did the loop twice! We had a multitude of great memories, some gnarly crashes, and even some blood. South Mountain will make you bleed your own blood! Pictures to prove it.

Come join us on the next ride. We promise to wait to eat tacos until AFTER the ride. I'll post the location and distance soon.

01/22/2024

Median price of new listings went down by $25,000 for the week and median days on market also went down. To add to the good news, new inventory of homes to buy spiked, which suggests that for at least the short-term we are enjoying more competitive home prices and more options! Yay for home buyers!

To get pre-approved or to see where interest rates are today give me a call.

385-985-8100
David Black
Legacy Lending USA
NMLS #1379954

01/15/2024

Happy Martin Luther Kind Jr. Day!

Saw a good uptick in available home for purchase, which is welcomed news given how tight inventory continues to be. If you are looking to build new and don't know where to begin with a reputable general contractor please let me know. I work with a few I really like and trust.

To get pre-approved today call me!

385-985-8100
NMLS 1379954
Legacy Lending USA

01/03/2024

Happy New Year! As you can imagine with the Holiday Season, fewer people were looking to purchase homes. Inventory remained similar, and homes for sale are on the market longer. Average days on market went from 77 to 83 days. The market action index shows a slight seller's advantage. Haven't seen the word "slight" for Maricopa County in while. Cheers to a fantastic 2024!

To get pre-approved call me.
385-985-8100
David Black
Legacy Lending

Christmas Eve on top of South Mountain. Looking across the valley to the horizon it looked like a ship at sea. The hea...
12/27/2023

Christmas Eve on top of South Mountain. Looking across the valley to the horizon it looked like a ship at sea. The heavens were active!

11/23/2023

Thankful for a day of feasting and family shenanigans. "

Address

4500 S Lakeshore Drive #205
Tempe, AZ
85282

Telephone

+13859858100

Website

http://www.azlendingpartner.com/

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