NATIONAL HEADLINE NEWS FOR TUESDAY, DECEMBER 24TH 2024Inflation Issues Persist Despite a Boost in Consumer Spending as the Holiday Season Begins.

Retail sales increased across the United States by almost 4.8%. Strong consumer spending from online shopping helped fuel this increase and the high demand for entertainment and travel. However, economists maintain that rising price levels, in conjunction with stagnant wage growth, will hinder any potential growth in the next five years or so.

Mortgage Markets Remain Steady As All Eyes Are Directed Towards the Federal Reserve

30-year fixed-rate mortgages have maintained a national average of 6.75%, marking a period of stabilization for a rampant market with fluctuating rates. The Federal Reserve is expected to conduct a meeting at the start of next month, wherein they will decide whether there is a scope for further rate increases, which may act as a barrier in combating inflation. Furthermore, experts anticipate this meeting with caution, as signs indicate economic growth is beginning to stagnate.

Continued Shortages Within Inventory Persist in the Housing Market.

The US housing market is still suffering from an extreme deficit in the number of active listings, which have dropped by roughly 23% compared to December 2023. The resulting combination of increased interest rates and a shortage of homes has made it difficult for homeowners to afford to sell their homes. Once again, this has dire consequences on first-time buyers, as relatively economical homes aren’t abundant in high-demand areas.

US Senate passed 1.2 Trillion Funding Package Bill for Infrastructure.

In a decisive bi-cameral vote, the Senate approved the one-point-two trillion-dollar funding bill covering new highways, IT, and climate. The construction industry stands to gain tremendously from it, leading to multitudes of job creation. However, there are concerns that the bill may not lead to a green future.

US Department of Justice Cracks Down on Big Tech: New and Tough Privacy Laws Come Into Effect

As Meta and Google colluded over Meta’s Giphy acquisitions, the US Department of Justice issued new privacy laws for big tech companies, requiring them to be more open about their data use and more respectful to consumers. Consumer advocates have well received the move. Still, it has raised fears among business leaders around the possible chilling effect it could cause on innovations.

Winter Storms Force 2000 Plus Flight Cancellations Over Christmas Weekend Travel Plans Afterphotos Shot Sorter Job View Photo

A winter storm that impacted America’s Midwest and Northeast regions has made travel before Christmas difficult. More than two thousand flights have been disrupted around the Michigan, Illinois, and New York regions, and treacherous snow is predicted for Christmas day.

The Stocks Reflect a Gain Following the +/- Year-End Rush.

After the approval of the infrastructure bill and the increased holiday retail sales, investors’ positive mood was reflected as both the Dow Jones Industrial Average and the S&P 500 showed growth. Afterward, the tech-heavy Nasdaq took a harsh tumble during the week but was later able to recover due to the much-anticipated reports regarding the fourth quarter earnings.

As Cases of Problems Arise, the Hospitals Are Bound to Face Issues.

The healthcare system is facing a severe crisis due to increased cases of influenza and respiratory syncytial virus (RSV). All hospitals are under substantial pressure with the pediatric wards, particularly under duress regarding the capacity issue. The CDC has warned people to consider taking extra measures and getting vaccinated due to family gatherings.

The USA and China Relations Are Kick Starting as Planned.

President Biden and Xi Jinping are expected to host a virtual meeting this week to discuss trade relations, Taiwan, and other topics related to global security. Analysts see the virtual meeting as a much-needed reduction of tension between the USA and China, fighting a soft war on multiple fronts.

Sports

NFL Playoff Picture Takes Shape:

The NFL regular season ends and the teams compete for the remaining playoff spots. The Philadelphia Eagles and Kansas City Chiefs have secured their divisions, while everyone else fights for the wildcards. Everyone is set for the high-profile matches as we enter the holiday weekend.

Entertainment

“Avatar 3” Breaks All Previous Box Office Records James Cameron’s “Avatar 3” has grossed $1 billion in just two weeks, making it the highest-grossing film of 2024. Critics love the film for its incomparable graphics and environmental storyline, making it one of the cultural marvel films of the time.

Holiday Spirit Sees Unprecedented Level of Charity Donations

Charitable organizations have reportedly received donations totaling $6 billion this holiday season, thanks to the globalization of humanitarian issues and tax incentives for donors. Corporations and individual philanthropists have donated to various social causes, from disaster recovery to education.

As these events unfold, more follow-up reporting and analysis will be published.

As far as the most recent update from December 16, 2024, is concerned, the mortgage and real estate sector is as follows:

Mortgage Rates

Current Statistics: The national average for a fixed-rate mortgage for a period of 30 years has decreased to approximately 6.6%, a reduction from 6.69% recorded a week before.

State Variations: Interest rates differ by state. Some states offer up to 6.68%, while others charge a high 7.09%.

Refinancing Rates

For the past 30 years, refinance mortgages have seen highs of 6.98%, which is eleven basis points greater than before.

Housing Market Trends

Home Sales: Compared to last year, house sales have increased by 22% over a month.

Home Prices: According to NAR, house prices will increase by 2%, and the median rise is estimated to be $410,700 thousand by 2025.

Inventory Levels

With stock inventory expectations low, more than $1.45 million housing unit sales are predicted for 2025 after the pandemic.

Expert InsightsMarket Predictions

Real estate expert Barbara Corcoran claims that if mortgage rates drop near 5%, the housing market will jump and go “ballistic.”

First-Time Buyers: First-time homebuyers account for less than a quarter of the entire market, an all-time low. There is a dire “urgency” for new buyers.

Home Renovations

Spending Trends: Due to the current state of home prices and mortgage rates, homeowners are more likely to spend more on renovations than moving.

Global Perspectives

UK Market: The UK house markets have seen exports slump for two months, resulting in average declines of £6395 in the December market.

China’s Market

During the last 17 months, house prices have depreciated slower than usual in China, which could indicate that the region’s property or real estate market is on its way to recovering and stabilizing.

Home buyers and real estate markets have been riling with activity, resulting in declining mortgage rates and stimulating purchasing and spending on home upgrades. Most experts in the field suggest that further step-downs in mortgage rates lead to much higher activity within the market, especially with those buying homes for the first time.

https://www.youtube.com/watch?v=GeSO9zBYeyc

• This discussion was modified 3 months, 2 weeks ago by  Gustan Cho.

In this section, we will go over the best German Shepherd Training Videos and the best-paid version of the German Shepherd Training DVD Series. Exercising proper training for your German shepherd will ensure they are well-behaved and their memories are firmly embedded to guarantee lasting happiness. Here are some of the best-rated, free YouTube channels and DVD series that offer such training materials and workshops:

Best-selling DVD series:

• “The German Shepherd Dog the German Way”—This multiple-part instructional DVD series is a comprehensive course on German shepherd dog training experts. The series covers overlapping topics like gait and locomotion, conditioning, biomechanics, and show culture. This tool will appeal to amateurs interested in the breed’s culture.
• “Training Your German Shepherd Dog” by Brandy Eggeman and Joan Hustace Walker—This book is part of the Training Your Dog Series. It is listed as a must-have in dog-owning manuals. Alongside the well-explained details on the DVD are advice on picking up a dog puppy, characteristics that must be considered, and dog training tips.

Approved Youtube Channels:

• German Shepherd Man official channel—If you are looking for a healthy and more controlled German shepherd puppy that fits your lifestyle, this channel is perfect. It has numerous training tips, older German shepherd demonstrations, and a pet showcase, making it a perfect fit for antisocial kids.
• German Shepherd Dog USA – Cleverness, options, and loyalty are usually not words associated with the breed of German Shepherd Dog. Through tips, this channel showcases king dogs and motivation and emphasizes the diversity of this breed.
• Star the German Shepherd Dog (puppy training series) – Star, a German shepherd dog star, in her very own YouTube puppy series that reveals a step-by-step approach to German shepherd puppy training through skill demonstration videos.

Tom Davis Dog Training: Tom Davis is a professional dog trainer whose videos target training German Shepherds by practicing various exercises and demonstrating effective training techniques.

Dog World: This channel targets puppy owners and provides them with strategies for preparing their German Shepherd puppies for professional training.

Some are free, others are features, but these tools give you more systematic German Shepherd training options.

https://www.youtube.com/watch?v=6Nr0DbztwUE&list=PLL9CA3Yl8kWGbBe2m7lTnSEYa2UcFgcMa&index=1

Fellow Americans!!! RE YOU BETTER OFF TODAY THAN 4 YEARS AGO? If SO, YOU MUST BE an Illegal ALIEN.

Here are some photos of my house on a clear day

What is the difference and what does these machines do?

Under Pressure, a song by David Bowie and Queens, is one of the greatest songs of all time. The song was released in 1981 and was a collaboration between David Bowie and the British rock band Queen, featuring vocals from both Bowie and Queen’s lead singer, Freddie Mercury. It’s a well-known and iconic track that has been praised for its powerful vocals and musical arrangement. If you have any specific questions about the song or its history, feel free to ask! David Bowie was a British musician, singer, songwriter, and actor who was one of the most influential and innovative figures in the world of popular music. He was born on January 8, 1947, in Brixton, London, England, and he passed away on January 10, 2016.

Bowie’s career spanned several decades, and he constantly reinvented himself, adopting various personas and musical styles. Some of his most famous alter egos include Ziggy Stardust, Aladdin Sane, and the Thin White Duke. His ability to evolve and experiment with different musical genres, from glam rock and art rock to soul, funk, and electronic music, made him a true chameleon of the music industry.

Some of Bowie’s most well-known songs include “Space Oddity,” “Heroes,” “Let’s Dance,” “Life on Mars?,” “Changes,” “Starman,” and “Under Pressure” (a collaboration with Queen). His albums, such as “The Rise and Fall of Ziggy Stardust and the Spiders from Mars,” “Hunky Dory,” and “The Rise and Fall of Ziggy Stardust and the Spiders from Mars,” are considered classics in the rock and pop canon.

In addition to his music career, Bowie also had a successful acting career, appearing in films like “Labyrinth,” “The Man Who Fell to Earth,” and “Merry Christmas, Mr. Lawrence.”

David Bowie’s impact on popular culture and music is immeasurable. He was known not only for his music but also for pushing the boundaries of gender, fashion, and identity. His influence can still be seen and heard in contemporary music, fashion, and art. Bowie’s death in 2016 was a profound loss to the world of music, but his legacy continues to live on through his timeless music and groundbreaking contributions to the arts.

https://www.youtube.com/watch?v=HglA72ogPCE

Anyone can explain the major differences between Fannie Mae and Freddie Mac? No matter how much someone explains to me the difference, I get more and more confused.

This is more of a legal question for a paralegal or attorney. Can a credit card company lower a consumer credit card limit when the consumer has been a loyal customer for three years, never been late, was a victim of credit card fraud but yet paid the minimum credit card monthly interest payments after an internal fraud credit dispute was ruled in favor of the merchant, and paid the fraudulent charges in full while preparing to file changes and lawsuit? If you can respond to facts, it would be greatly appreciated. Thank you all.

This 9 month old German Shepherd puppy will not sleep good night. but does not know it yet.

• This discussion was modified 3 months, 3 weeks ago by  Sapna Sharma.

Will history repeat but with different reason ?? Thoughts on how real estate agent commissions affect price of property these days and what future holds !!

Globalist and Democrats believe in depopulation especially Bill Gates, Joe Cheatin Lying Biden, Barack and Michael Robinson Obama

https://youtube.com/shorts/Fey6xVCWxzo?si=7KCqBwbJA7qOzFhM

Are there any reputable credit repair companies anyone at GCA FORUMS can recommend? I am a licensed real estate agent in Illinois, Wisconsin, Indiana, Tennessee, and Kentucky and represent homebuyers of residential and commercial properties. However, many of my clients are in need of a credit repair consultant to rebuild, re-establish, and boost their credit scores during times of high mortgage rates and lenders requiring higher credit standards. I have spoken to Felix Nicolas and he said that Gustan Cho was working on vetting a few reputable national credit repair companies and he will be making an announcement on the GCA FORUMS sometime this week. We are in desperate need of a credit repair consultant to help hard working homebuyers and investment property investors. Thank you in advance.

What is the difference between AXEN Mortgage and NEXA MORTGAGE?

Auto Repossessions are nearing 20,000 per day and increasing month after month by 5%

Inflation is screaming out of control. Many people who are very conservative have been saving money for years if not decades. What is the best way to invest money during periods of out of control Inflation?

Can a borrower use 2 different income to qualify for a mortgage?

Can you please explain what POS means and how you can make money with POS with small business owners?

Can someone please explain the difference between recourse and non-recourse loans on commercial loans?

Mortgage Rates are finally dropping fast. JEROME POWELL, The Chairman of the Federal Reserve Board announced yesterday the Feds will not be increasing interest rates for the past two Fed meeting which caused mortgage rates to plummet. The 10 year treasuries started plummeting the past few days from a high of 5.0% to 4.66%

Kamala Harris spent $1 Billion Dollars on her campaign in just 100 days. Not only did Kamala Harris spend one billion in just two months, but she is 20 million dollars in the hole. It turns out that Kamala Harris paid many celebrities for their endorsement: Beyonce was paid $10 milliion. Where is My Daddy Podcast was paid $100,000. Al Sharpton was paid $500,000, the list goes on. How can someone spend over one billion dollars and not win? How can Kamala Harris spend a billion dollars in two months and be negative 20 billion and consider herself fit to become President of the United States? Can Kamala Harris get in trouble for this? You can help out so many poor families with a billion dollars. Is this campaign fraud?

https://www.youtube.com/watch?v=4NRiRPe7mfw&ab_channel=KREM2News

Look at this video clip of an Angel

https://youtube.com/shorts/vHs1G6jfqPM?si=3U78Ks72-vEa_6bt

What is domain authority and domain rankings. What is Spam score and back link? What are toxic back links?

Does blood sugar spike due to eating rice every day?

Lending Network, LLC has 100% loan-to-value equipment financing with zero money down and same-day closing with no income docs, no tax returns, and no bank statement required on any type of equipment financing up to $150,000 dollars. The only requirement is a 700 credit score and the borrower need to have been in business for at least two years. Lending Network’s equipment financing program is different than equipment leasing where equipment leasing requires the first month and last month payment and you do not own the equipment after the payment is over. Contact us at gcho@gustancho.com to qualify and get approved.

You would be surprised at the amount of people that pay a higher rate on their auto financing because they use the dealership. When I was a finance manager, I used to hate it when people used to bring in outside financing because we made a lot less profit on the vehicle by marking up the rate from the bank.

We now have credit union auto financing available with excellent terms that are normally better than what you’ll find at a dealer.

Looking for insights on boat financing options. How do folks typically fund their boat purchases? Any recommendations, experiences, or tips to share? Thanks!

Has anyone went to aviation school and learned to fly a helicopter? What was the hardest part? Is there any safety concern or safety measures that are taken since it only has one engine?

People,

Just to clarify. It is illegal to do HARD MONEY LOANS for owner-occupant properties in every state in the nation. If someone is trying to sell you hard money loans on an owner occupant home, it is 100% a crime and violation of mortgage guidelines and could be classified mortgage fraud. HARD MONEY LOANS is a great loan program for investment real estate properties and commercial properties ONLY. Owner-occupant primary homes are regulated and the DODD FRANK rules and regulations apply.

Gustan Cho, the President and CEO of LENDING NETWORK, LLC, https://www.lendingnetwork.org, has launched the Equipment Financing no-doc, no-income verification, one day closing EQUIPMENT FINANCING business loan program at LENDING NETWORK, LLC. Self-employed borrowers who have been in business for at least two years and have at least a 700 credit score are eligible 100% loan-to-value equipment financing loan. No documentation required. No income tax returns, no P and L statements, no CPA letter, no bank statements. Need to have been self-employed for two years and have a 700 credit score. Read more on https://lendingnetwork.org/equipment-financing/

• This discussion was modified 1 year, 9 months ago by  Sapna Sharma.
• This discussion was modified 5 months, 1 week ago by  Gustan Cho.
• This discussion was modified 3 weeks, 6 days ago by  Sapna Sharma.
• This discussion was modified 2 weeks ago by  Sapna Sharma.