On April 7, Meridian Pacific Properties’ executive team recorded its second Webinar of 2022 with special guest Todd Swanson of Swanson Lending. To view highlights, click on the timestamps below.
0:00 Overview of Memphis Market – Kent Coykendall, President
4:06 According to John Burns Real Estate Consulting, housing prices rose an average 18% last year. Rents always follow housing prices albeit at delayed and moderated rates.
5:35 There are two types of lease agreements: new leases and renewals. Both are providing excellent returns and offer great benefits to investors.
12:15 Memphis is still one of the country’s most affordable real-estate markets. While there continues to be an inventory shortage, Meridian has secured roughly five years of buildable lots.
2022 Opportunities for Investors – Brian Conlon, Business Development Manager
15:07 Meridian will be building 90-100 homes this year, and we have about 66 homes left to put under contract. Our standard build time is 3.5 months, but investors must be aware that build times may extend to 6 months if we experience supply-chain issues and weather delays.
21:37 Once again Meridian will be offering investor homes in Olive Branch. Our latest community, Cedar Bluff, will feature both single-family homes and townhomes.
Interest-rate Environment and Mortgage Options – Todd Swanson, President of Swanson Lending and Certified Mortgage Planner
31:20 What’s driving mortgage rates to climb? Are we experiencing wage-based inflation?
34:58 Todd addresses some of the questions that are top of mind for real-estate investors: Will rising mortgage rates cause housing prices to fall? Does the recently inverted yield curve and spike in oil prices mean we’re heading for a recession? If so, what will happen to rents?
45:24 If history is to repeat itself – and we end up in a recession – we may see interest rates decline. This would give investors an opportunity to refinance.
Mark your calendar! Meridian’s next live quarterly Webinar will take place on Thursday, July 7 at 10:00 a.m. PT.