homes

Apache is functioning normally

A fairytale-esque Atlanta mansion is being offered for sale for the very first time, and one lucky buyer will soon be living lavishly like a king — as long as they have $8 million to dish out.

Set less than 20 minutes away from downtown Atlanta, 4660 Jett Rd. embodies a luxury retreat, somehow balancing both coziness and grandeur effortlessly. Except, unlike exotic European resorts, this is a sanctuary you can come home to every night. 

The castle-like property sits on a lush three acres of pristine forest, ensuring maximal privacy and discretion — all without compromising world-class metropolitan amenities.

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

Practically in its backyard lies the posh neighborhood of Buckhead, complete with upscale malls, restaurants, and art galleries — not to mention Atlanta’s recreation and entertainment haven, Chastain Park. 

And future owners will be hobnobbing with some quite high-profile celebrity neighbors.

Rapper Cardi B lives less than a mile away, while funnyman Steve Harvey’s house is roughly 7 minutes away from the palatial Sandy Springs house.

Location and sprawling size aside, it’s easy to understand why 4660 Jett Rd. racks up its multi-million price tag.

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

Back in 2005, architect Bill Harrison built the home with unparalleled attention to detail. All 16,000 square feet of this 7-bed, 11-bath estate exude class and timeless taste.

Featuring all the bells and whistles of a classy European estate but with a contemporary twist, this opulent home leaves no desire unaccounted for. 

Unrivaled craftsmanship comes to light as soon as you approach the jaw-dropping exterior, constructed of hand-cut Tennessee limestone and topped with a 100-year slate roof that marries luxury with long-lasting quality. 

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

The estate’s interior is just as impressive as its dramatic facade, with warm wood paneling and blazing fireplaces throughout that provide the right atmosphere to unwind in lavish luxury. 

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

Boasting a spacious floorplan, the kitchen — which features a walk-in pantry and an additional prep kitchen — seamlessly flows into the living area allowing for uninterrupted socialization among guests and family.

Soaring vaulted ceilings generously let in natural light while providing views of the luscious landscaped grounds beyond. 

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

The future owner can get the princess (and prince) treatment with an opulent master suite complete with a lofty upscale bathroom with its own sauna along with his and hers walk-in closets. 

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

The estate exudes ‘party host’ appeal with a fully finished basement boasting an additional kitchen, billiard room, and wine cellar.

See also: The Biggest Celebrities that Live in Atlanta & their Million-Dollar Mansions

Whoever wants to burn off the festive calories can do so in the home gym and second sauna. 

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

It’s easy to shift gatherings outdoors, as the basement opens to a covered outdoor entertainment area with a hot tub and massive pool beyond. 

Meanwhile, the estate’s wraparound daylight terrace provides a more relaxed and private way to bask in the enchanted outdoor scenery. 

Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta
Photo courtesy of Debra Johnston / Coldwell Banker Realty Atlanta

The modern-day castle conveniently features state-of-the-art technology like a comprehensive home automation system and an elevator for the days when you don’t feel like taking the three-story spiraling staircase. 

A separate guest apartment along with four garages, a workshop, and spacious parking, can effortlessly accommodate all the king’s horses and all the king’s men.

Debra Johnston, Coldwell Banker Realty’s luxury real estate expert specializing in the Buckhead area, holds the keys to the move-in ready multi-million dollar dream home and serves as listing agent for the palatial abode.

More stories

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Source: fancypantshomes.com

Apache is functioning normally

Buying a home in the winter can present some unique challenges compared to other seasons. Due to the low supply typically seen in colder months, prices can increase in comparison to the spring and summer months. But it is not all gloom and doom. There is also less chance that you will be outbid compared to the summer buying months and the heating, fireplace and lighting are all on during the winter so you can see if they’re working. With the winter comes the good and the bad for finding a home, but here are the 5 potential obstacles you might face:

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Limited Inventory:

There tends to be less housing inventory on the market during the winter months. Sellers might be less inclined to list their homes during this time, which can limit options for buyers. This can make it challenging when you are trying to negotiate a price if there are a lot of buyers but not a lot of sellers. In the summer months, sellers would be more inclined to sell their property, creating more options but also increased competition for buyers. 

Weather-Related Issues:

Inclement weather, such as snow and ice, can make it difficult to travel and view homes. Additionally, extreme weather conditions might impact the condition of the property itself, making it harder to assess certain aspects like the roof or exterior. Winter landscaping may not showcase the property at its best. Snow can cover the lawn and obscure landscaping features. It might be challenging to envision the property’s full potential when it’s not in its peak visual condition.

Flaws You May Not See: 

If you’re viewing a home that is covered in snow, you may not be able to see subtle cracks in the home’s exterior or other areas of the home that need repairs. Some issues that need fixing may make or break your purchase of the home so it is especially important to ask questions about the home’s foundation, roof, and other elements during a property viewing. And even if you spot the repairs, they may not be able to be completed until the spring which, if it’s needed, can cause your utility bills to increase. 

Less Competition but Higher Prices:

While there might be fewer buyers in the market during the winter, sellers might also be aware of this and less willing to negotiate on price. This is because they might be banking on the fact that fewer options are available to buyers. They know that you may not want to wait until the spring for a property so they can charge essentially whatever they want compared to the spring and summer. 

Bad Weather Can Complicate the Moving Process 

The cold weather can create a challenging moving day. With soggy boxes, freezing temperatures and a big U-haul that gets stuck in the snow, it is safe to say that summer moving is a lot easier. With lots of snow, you may be surrounded by boxes with not a lot of food and no wifi. Ensure that you’re well prepared if a big blizzard comes your way while moving because sooner than you know, you might be sitting by your Christmas tree in your brand-new home!

Although there may be challenges to buying a home during the winter, give all your worries to the real estate agents at Zoocasa. Give us a call today to connect with an experienced agent in your area!

Looking this winter?

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Source: zoocasa.com

Apache is functioning normally

Moms and dads love when their kids give them something with which they’ve put a lot of thought and effort. Whether you’re a parent, grandparent, teacher or friend, you’d be lucky to receive one of these DIY Christmas gifts from kids.

1. Framed family names crossword

Photo courtesy of diys.com

Instead of a normal family tree, you could have a family crossword! Made with Scrabble tiles and a picture frame, this personalized piece of work makes a house feel like a home.

Just glue Scrabble letters onto a board (cardboard works fine) covered in your choice of paper and frame it. Even if your family is still growing, it’s easy to keep adding onto the crossword of names.

2. Painted wooden cooking spoons

Photo courtesy of todaysparent.com

Every time you cook or bake and use one of these wooden spoons, you’ll think of the love that your kids put into making them for you. What’s better than a daily reminder that someone loves you? All you need is acrylic paint and wooden utensils to make these cute one-of-a-kind gifts.

3. Keyboard art

Photo courtesy of paperplateandplane.wordpress.com

It’s easy to get caught up in things and even get down on yourself as a parent. By having a short message in your room or office, you can always remember that your kids are on your side.

The best part is that these messages can be anything – “My mom is the nicest mom in the world,” “You’re the best dad ever,” or even a simple “I love you.”

4. Printed dish towels

Photo courtesy of toddlerapproved.com

Any time you dry your hands or wipe up a spill, you’ll use a colorful custom-designed hand towel that resembles your kids. These are quick to make and way better than store-bought designs.

5. Clay bowl

Photo courtesy of frogandsnailsandpuppydogtail.com

You’ll find a place for these anywhere at home or at work — holding bobby pins, paper clips, jewelry, etc. Your kids will be satisfied knowing you’re not only looking at their handiwork, but you’re using it each day.

6. Fingerprint magnets

Photo courtesy of rhythmsofplay.com

Replace the boring black magnets on your refrigerator with vibrant ones that feature the fingerprints of the kids. Parents can use these to display their children’s work from school or even art they create at home.

7. Dyed coasters

Photo courtesy of onelittleproject.com

Display these mini works of art on your coffee table for everyone to see. They’re a great conversation starter and everyone will love that your kids made them just for you.

They’re easy to create and aren’t meant to look perfect, so even the smallest children can make them without much trouble.

8. Custom wood letter

Photo courtesy of Jo-Lynne Shane

Add a new addition to your office or home decor that reminds you how much your kids love you. The best part is that there are so many options. You can write a note on them or decorate the letter with your parent’s favorite things. All you need is the letter of your choice and decorating material and you’ve got a great Christmas gift for parents.

9. Handprint key chains

Photo courtesy of grey house harbor

Replace the old key chain that you’ve had forever with this heartfelt handprint key chain. Although it’s simple to make, it’s super meaningful and fun. All you need is Shrinky Dink paper, some paint and you’re all set.

While you can’t stop time from moving forward, you can look back and think of your small child every time you use these handprint key chains. Each time you go to open your door, you’ll look down and see a tiny hand full of love.

10. Smiley plants

Photo courtesy of Parents.com

Everyone loves succulents and plants as decorations. While you could buy them at the local garden store in terra cotta pots, it’s a lot cuter and more memorable if you gift tiny succulents in hand-designed pots. You can use any kind of pot or even an empty egg carton.

All you need to do is get some paint and let the children decorate away. Once they’ve designed the pot, work together to plant succulents, and voila, you’ve got yourself a great DIY gift idea for kids. The best part about these plants is that their pots are designed uniquely for you.

11. Spa jar

Photo courtesy of Parents.com

This spa jar is a great gift that’ll remind you how much your kids appreciate everything you do, even at the end of an extremely long day. It also reminds you that every once in a while, you need to take some time to care for yourself.

Maybe have a girls night and do masks, pedicures and manicures together. You just need to get their favorite things and put them together in a mason jar, and you have a thoughtful, relaxing gift.

12. Nail polish marbled coffee mugs

Photo courtesy of DIY Candy

At one point, you may have had a beautiful matching set of china dishes you registered for when you got married. However, as your family grows your matching dishes may diminish and become replaced with DIY mugs. But, that’s OK!

Not only are these mugs adorable, but they’re also really fun and easy to make. With a couple of steps, you can have a great mug that everyone will be asking you where you got it, making it all the more special when you tell them your kids made it for you.

13. Flower art

Photo courtesy of Better Homes & Gardens

What parent doesn’t love getting fresh flowers as a gift? The only downside is they don’t last forever. Well worry no more, with this pressed flower art you never have to worry about that again. Each time you see these hand-pressed flowers that your child picked and flattened, you’ll smile.

14. Potpourri

Photo courtesy of Tidbits

Everyone loves a house that smells good. Candles can do the trick, but can also be a safety hazard. So, you can make your house smell delicious year-round with some homemade potpourri.

Pick your parents’ favorite smells and design a custom blend just for them. Not only is it a fun activity, but it’s useful and everyone will enjoy the gift for weeks to come!

DIY Christmas gifts for parents

Getting a beautifully wrapped, expensive gift for the holidays is always nice, but it’s the heartfelt, DIY projects that you’ll remember forever. These DIY gifts for kids are all easy-to-make, fun for the kids and memorable for you for years to come.

Ashley Singleton is a writer who loves following and writing about current lifestyle, DIY and home improvement trends. You can read some of her other work on the Lady Spike Media website. In her spare time, she performs stand-up comedy in Los Angeles.

Source: rent.com

Apache is functioning normally

According to the AP’s 2007 foreclosure analysis, an increasing number of home sales are springing up from foreclosed properties, pressuring an already stressed housing market.

With a growing number of mortgage lender fire sales on the market, home prices are falling exponentially, causing traditional sellers to hold off as prices sag further.

The study found that nationwide foreclosure sales climbed to 4.7 percent of existing home sales last year, up from 3.3 percent in 2006.

In Nevada, a state which leads the nation in rate of foreclosure, a staggering 17.5 percent of home sales came from foreclosures, more than four times the amount in 2006.

In Colorado, foreclosure sales accounted for 15.6 percent of home sales in 2007, up from 10 percent a year earlier.

California also saw a surge in foreclosure sales, with 11.3 percent last year, compared with just 3.7 percent in 2006.

In December, 46 percent of homes sold in the Sacramento area and 31 percent in the San Diego area had been through foreclosure, up from roughly 4 percent in 2006.

Foreclosure sales also nearly doubled in Tennessee and Michigan, which saw rates rise to 10.6 percent from 5.2 percent and from 9.3 percent from 4.9 percent, respectively.

The worry is that a rise in foreclosure sales can drive neighboring property values lower, making it that much more difficult for homeowners looking to refinance take advantage of lower mortgage rates.

That in turn could create a nasty downward spiral and prolong the housing slump beyond the recent estimates that peg a bottom as far as the end of 2009.

Interestingly, foreclosure sales declined in Texas and New York, falling to 3.6 percent from 3.9 percent and 2.7 percent from 2.9 percent, respectively.

(Photo: jffmrk)

Source: thetruthaboutmortgage.com

Apache is functioning normally

CRM, MSR Valuation, QC Trends Products; STRATMOR Strategy Report; Lower/Thrive M&A Deal; Renegotiations

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CRM, MSR Valuation, QC Trends Products; STRATMOR Strategy Report; Lower/Thrive M&A Deal; Renegotiations

By:
Rob Chrisman

Thu, Dec 14 2023, 11:21 AM

Everyone’s above average, right? This morning I head to Chicago where residents have the dubious honor of being the worst when it comes to estimating home values. Homes are expensive… Who knew? Apparently not the vast majority of Americans, which reminds me of the saying, “Never underestimate the intelligence of the average person.” All Star Home surveyed Americans in the most populous U.S. cities, prompting them to guess home prices in their communities to determine where people have the best and worst home value intuition, and 86 percent of people were surprised at how high home prices are in their area. Boomers (91 percent) are most surprised by high home prices, followed by millennials (87 percent), Gen X (85 percent), and Gen Z (84 percent). San Francisco locals excel in home price intuition, but Chicago residents fare the worst. (Today’s podcast can be found here, and this week’s is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. Today’s has an Interview with Xactus’ Greg Holmes and Shelley Leonard on advancing the modern mortgage through data-driven insights.)

Lender and Broker Products, Programs, and Services

Are you curious about the strategic insights that could shape a successful 2024 in the mortgage industry? As the holiday season unfolds, consider whether optimizing your tech stack could be the key to operational excellence in the coming year. Read the latest blog by DarkMatter Technologies for an in-depth look at addressing common tech stack pain points, identifying success indicators, and exploring solutions like the Empower® LOS. Take a moment amidst the holiday warmth to reflect on how a well-optimized tech stack may be the missing piece for a prosperous 2024. Ready to unlock these strategic secrets? Check out Empower and all Dark Matter Technologies has to offer.

Holiday fun fact: Santa’s sleigh is actually led by female reindeer because they’re the only ones with antlers this time of year. Seemingly minor details like this can make a big difference, just like lender production trends revealed in MMI’s Benchmark Reports. The latest edition shows that lenders in the Prime (>$5B in production volume) and Capital tiers ($500M-$5B) experienced a nearly 9% decrease in production in October compared to September. However, lenders in the Select tier ($50-500M) only saw a 4.4% decline and gained an edge over the Capital tier regarding average deal size ($354.1K v. $352K). Sign up for the MMI Benchmark Report today to receive valuable industry insights like these in your inbox each month.

As we approach the final weeks of 2023, AmeriHome Correspondent would like thank clients and partners for supporting AmeriHome through its first 10 years and making it the #2 Correspondent Lender in the country! Looking ahead to 2024, AmeriHome, backed by the strength of Western Alliance Bank, wants to speak to you about how a relationship with AmeriHome will help you navigate the coming year. Combining Western Alliance’s Warehouse Lending, MSR Financing, and Treasury Management services with AmeriHome’s industry leading loan purchase platform, makes this is a “must-have” relationship for mortgage bankers of all sizes. Financial institutions, IMBs, and Emerging Bankers alike benefit from AmeriHome’s Delegated and Non-Delegated options, full suite of conventional and government products, and Bulk, Bulk/AOT, and Best-Efforts delivery options. Check out Upcoming Events for details on where they’ll be in 2024, find your sales rep here, or send them an email to learn more about partnering with AmeriHome! They wish a happy and healthy holiday season to all!

Tis’ the season of giving! Click n’ Close has been helping lenders and brokers deliver the gift of homeownership to borrowers through its down payment assistance (DPA) program faster than you can say ‘Happy Holidays’ all year long. With more than 1.5 billion dollars in DPA-related financing to over 6,000 borrowers through its SmartBuy suite of products, with an average of nearly $12,500 in assistance per transaction, Click n’ Close is feeling pretty good about being on the nice list this year. Unlike state or municipal DPA programs, SmartBuy isn’t subject to budgetary shortfalls and offers tremendous flexibility to accommodate a wider range of borrower scenarios, making it ready to help your borrowers achieve homeownership. Reach out to our wholesale (Adam Rieke, Kerry Webb and Soliman Martinez) or correspondent team (Julas Hollie) to learn more.

What if your fee collection process wasn’t a “process” at all? Click button. Borrower gets text. Borrower pays fee. LOS updated. Easy Fee-sy with Fee Chaser!

“One Year. One Tool. $10B in Additional Loan Applications. We’ve spent the past year trying to explain everything Total Expert Customer Intelligence can do and all the ways it’s changing the game for modern financial institutions. But there’s one thing that doesn’t need an explanation: results. Lenders, banks, and credit unions across the country are generating incredible ROI for their businesses while building deeper, lifelong relationships with borrowers by using Customer Intelligence to enrich their contact profiles and engage them at the moments that matter. Let us show you how to stop playing hide and seek with high-quality loan opportunities and start driving exponential growth. Explore Customer Intelligence.“

ACES Q2 2023 Mortgage QC Trends Report finds Critical Defect Rate declines for the third consecutive quarter! Summary of findings include the overall critical defect rate declined 3.37% ending the quarter at 1.72 percent, defects in Credit & Liabilities categories increased for the 2nd straight quarter, FHA defect increased significantly, and the majority of defect categories experienced improvement this quarter. “Q2 2023 proved to be better than expected, as the critical defect rate continued to decline in the face of a surge in origination volume over the previous quarter. However, deteriorating quality in the core underwriting categories remains of concern and should be an area in which lenders increase their focus in the coming months. We implore all lenders to keep quality at the center of their operations to ensure a safe, sound, and prosperous new year.” – Nick Volpe, EVP of ACES Quality Management. Read the report.

Do you have a servicing portfolio? Do you understand how it is being valued? With the decline in overall production in 2023, the MSR asset has become more critical than ever and effectively managing that asset demands ongoing oversight. MCT offers portfolio valuations that are accurate and easy to understand, with built-in safeguards focused on client and borrower data security. MCT’s fair value analysis and reports are customized to support servicer’s internal requirements and objectives. Their extensive number of clients and MSR market knowledge keep your valuations timely, accurate, and reliable. Schedule a phone call with the MCT MSR experts to discuss a customized approach for valuing your MSR portfolio.

‘Twas the holiday season, just two weeks to go, loan officers in town faced a challenging low. But behold, in the distance, a solution did gleam, Velma CRM appeared like a holiday dream. Tailor-made for small lenders, banks, and credit unions, no more complexity, no more costly intrusions. Automated drip emails are sent in a flash, customized flyers for your next open house bash! Plug-n-play convenience, a breeze to employ, with all tools in one place, your business primed to deploy! Loan officers can thrive, their work takes flight, with Velma’s assistance, everything’s right. So, join the Velma revolution, don’t delay, transform your lending business this holiday!

STRATMOR on Strategies for 2024

What’s the moral of the story for the mortgage industry in 2023? In STRATMOR Group’s December Insights Report, STRATMOR reviews the plot and moral of each InFocus article from the year and summarizes them to provide key takeaways that will help lenders think outside the box, evaluate new strategies, take risks and survive the downturn that is likely to continue into the first quarter of 2024. Lenders, and vendors who serve the mortgage industry, if you need guidance in developing your business strategies for 2024, contact STRATMOR, and don’t miss “The Moral of the 2023 Mortgage Industry Story” in the December Insights Report.

Mergers and Acquisitions

Out of Texas and Ohio comes news that Thrive Mortgage, LLC and Lower, LLC have plans to merge the two brands, Thrive Mortgage and Lower.com. Thrive CEO Selene Kellam and production head for Thrive Mortgage, Randell Gillespie, will join the combined executive team with Lower under the leadership of Lower CEO and Co-Founder Dan Snyder, expected in the first quarter of 2024. The STRATMOR Group acted as transaction advisor to Lower.

Lower CEO Dan Snyder stated “we’re building a better approach to mortgage with Lower’s streamlined tech powering multiple channels. Thrive is an award-winning, national lender with the same belief and we’re excited to bring them onto our platform.”

“The commitment of Thrive to our team and our customers has always been to deliver the best mortgage experience with the highest quality resources” said Thrive Mortgage Chairman Roy Jones. “This has driven us to focus on having the best people with the most forward-thinking technology in the industry, all of which is propelled forward with this partnership with Lower.”

Thrive CEO Selene Kellam added, “last year, we acquired AMSCo, a storied Midwest company that added incredible talent to our model. We are now excited to share another amazing opportunity that has presented itself to join Lower.com.” Thrive, licensed in 42 states, was the first company in Texas to close a fully electronic note with a remote notary.

Leadership at Thrive were specifically attracted to Lower’s future-forward path, including five key pillars of differentiation: progressive leadership and vision, cutting-edge marketing strategy, a standout private-label platform, unified technology stack, and the venture capital funding to pioneer new paths.

Lower, LLC is a multi-channel, digital lender ranking as the 30th largest home lender in the country. Backed by top VC firm Accel, Lower operates an online consumer-direct channel, offline retail channel, and third-party origination platform servicing both brokers and other fintechs like Opendoor.

M&A is not confined to lenders. Out of Arlington, VA, news came out that Titleworks, Inc., founded in 1995 and led by industry veteran Becky Taylor, and Cobalt Settlements, LLC founded in 2014 and led by Jeff Nowak, Esq., have announced a strategic merger. “This union will carry the name of Cobalt Settlements, LLC and marks a pivotal moment, combining Cobalt’s innovative resources and attorney-backed capabilities with the deep-rooted client relationships and industry expertise of Titleworks.”

Capital Markets

Renegotiations and early pay off penalties will now occupy capital markets staffs as those hoping for a holiday gift from the Fed in the form of projected rate cuts in 2024 finally found something in their stocking. In a unanimous decision, the FOMC agreed to leave the target range for benchmark federal funds rate at 5.25 percent to 5.5 percent yesterday, and while the door was left for additional tightening beyond what is currently the highest federal funds rate since 2001, the updated forecast projects at least three rate cuts over the next 12 months. After a period of nearly two years of rapid monetary policy tightening, and pauses at the most recent three FOMC meetings, a pivot to cuts next year filled investors with joy and caused a massive rally in the bond markets. Fed Chair Powell also acknowledged that the FOMC discussed when it will become appropriate to begin dialing back its policy restraint.

While the Fed kept rates unchanged, something entirely expected, it was the shift from a hawkish pause, one with a rate hike bias, as was the case after the last two meetings, to a dovish pause, a pause with a future rate reduction bias due to the declining inflation rate, that led to a record Dow Jones close. Discussion will now focus on the date of the first cut.

The Fed has spent recent months attempting to dampen expectations that it is about to reverse course and lower rates. Changes in the policy statement from this meeting, however, made clear that the pace of rate reductions in 2024 is now the focus as inflation concerns continue to fade. Fed Chair Powell had previously said that pain, traditionally in the form of millions of lost jobs, would be necessary to quell inflation. But at 3.7 percent, the unemployment rate is about where it was when the Fed began raising rates in March 2022. Meanwhile, the pace of inflation’s decline leaves it only one percentage point above the central bank’s 2 percent target. An updated Summary of Economic Projections also featured an improved growth outlook for 2023, and a lowered inflation outlook for 2023 and 2024.

In addition to any ongoing response to the FOMC today, markets will also be dealing with monetary policy decisions from the SNB, Norges Bank, the BoE (still fearing inflation), and the ECB with the post-meeting press conference from President Lagarde. No changes were expected nor delivered. Domestically, yesterday’s Fed news overshadowed this morning’s import and export prices for November, jobless claims, and retail sales for November. Later today brings Business inventories for October follows, Treasury announcing sizes for next week’s reopened 20-year bonds and 5-year TIPS auctions, and Freddie Mac’s latest Primary Mortgage Market Survey. We begin the day with Agency MBS prices better by a solid .250 than Wednesday’s close as prepayment fears continue to creep into the market. The 10-year is yielding 3.94 after closing yesterday at 4.02 percent; the 2-year is down to 4.30.

Employment

It’s clear that new construction homes will be a primary driver of originations in 2024. Picture yourself as a Planet Home Lending MLO with this product lineup: Purchase Edge, a game-changer with benefits for borrowers looking to move; One Time Close construction loans, the traditional powerhouse; and purchase and renovation loans for Accessory Dwelling Unit (ADUs). As you move into this niche, an experienced construction lending team supports you by unlocking the secrets of construction lending success. The path to your 2024 breakthrough begins when you contact Talent VP Peter Briggs or 435-709-6287; all inquiries will be held in strict confidence.

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

Apache is functioning normally

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday.

The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. 14, according to Freddie Mac‘s Primary Mortgage Market Survey. That’s down from last week’s 7.03% and up from 6.31% the same week a year ago.

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.9% on Thursday. On Mortgage News Daily, the average 30-year-fixed rate mortgage on Thursday had fallen to 6.62%, the lowest reading since May and about 140 basis points lower than the cycle’s high of 8.03% in October. 

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement.

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024.

Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. One LO said he quoted an FHA borrower at 5.7%.

A promising winter market

Business for the mortgage industry has picked up considerably since Thanksgiving, with homebuyers jumping on lower rates. Meanwhile, new listing activity also inched up slightly in recent weeks, another good sign for homebuyers who have more options.

In today’s market, about two-thirds of outstanding mortgages still feature rates below 4%, and over 90% feature rates lower than 6%. This harms inventory as homeowners are reluctant to let go of their low mortgages. 

However, this situation could change in 2024, according to Bright MLS Chief Economist Lisa Sturtevant. Life changes, whether family or financial, will push more homeowners out of their homes, even if it means giving up their low rates. 

“With rates falling and new listing activity up, expect that the unusually busy December market will continue into January as some buyers and sellers will be out there trying to beat others before the spring market,” Sturtevant said in a statement.

Source: housingwire.com

Apache is functioning normally

LA-based DJ, avid snowboarder, and TV personality Tyler Marenyi — better known by his stage name, DJ NGHTMRE — is branching out.

Turns out that the Raleigh, North Carolina native, who released his album, Drmvrse last year and is currently busy touring the country as part of his The Great Sonic Wars Tour, also dabbles in real estate.

He just listed a newly built home in Culver City, California, one that comes with a main residence and not one, but two ADUs (accessory dwelling units) — which can be rented out and generate income for the future owners — as well as a lovely zen garden.

Photo courtesy of The Agency

Since the property has just been completed and is listed as a new construction, it’s safe to assume it was never meant to serve as DJ NGHTMRE’s house.

Rather, it seems like Tyler Marenyi is diversifying his income streams, and investing the money he makes from headlining music festivals around the world into real estate — and making a profit in the process.

Photo courtesy of The Agency

Listed for just over $3 million with Gina Michelle, Margaret Sievers, and George Ouzounian of The Agency, the property has a total of 7 bedrooms and 6 baths (totaling 3,417 sq. ft.) spread across the three structures on the lot.

The main house, a bright, light-filled single-story structure stands out with its clean lines and modern design.

With three bedrooms and two baths, it features high vaulted ceilings and custom light fixtures, creating a spacious and inviting ambiance.

Photo courtesy of The Agency
Photo courtesy of The Agency
Photo courtesy of The Agency
Photo courtesy of The Agency

The master bedroom, a serene retreat, boasts a large walk-in closet and elegant French doors that lead to a private outdoor sanctuary.

Photo courtesy of The Agency

Complementing the main residence is a two-story Accessory Dwelling Unit (ADU), complete with three bedrooms and three bathrooms. This additional unit is not just a space for guests; it’s an epitome of sustainable living, equipped with solar panels.

Set at the back of the property, the two-story ADU is a full-fledged residence in itself, one that can house family members or that can be rented out for additional income.

Photo courtesy of The Agency
Photo courtesy of The Agency
Photo courtesy of The Agency
Photo courtesy of The Agency
Photo courtesy of The Agency

Moreover, a Junior ADU adds further versatility to this unique property. You can see all the structures in the image below.

Photo courtesy of The Agency

The outdoor area of this property is where the zen-like design truly comes to life.

A meticulously crafted zen garden, complete with lush greenery and a mature avocado tree, offers a slice of paradise in the heart of the city. The advanced dual-control irrigation system ensures that this garden oasis remains vibrant with minimal effort, marrying beauty with practicality.

>> Follow us on Google News for more stories like this, in real time

*Featured image credit: property photo courtesy of The Agency, NGHTMRE insert courtesy of FROZYO!, CC BY-SA 4.0, via Wikimedia Commons

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Source: fancypantshomes.com

Apache is functioning normally

When it comes to refreshing your kitchen decor, it can often feel like there are a limited amount of changes you can make. While other rooms in the home typically have more decor items and soft furnishings you can swap over time, kitchens on the other hand are costly to design and you’ll most likely have your kitchen cabinets and countertops in place for years, if not decades. 

But that doesn’t mean you can’t elevate the feel of your kitchen cabinets. If your cabinets are in need of a refresh but there’s no need for a complete remodel, there are simple decorating ideas you can embrace to create a more expensive-looking kitchen. 

Kathy Kuo. 

‘One of the easiest ways to achieve an instant kitchen glow-up is to swap out your dated cabinetry hardware,’ agrees interior designer Nicole Cullum, founder of Color Caravan. 

Nicole Cullum

1

CB2 Logan Round 1″ Polished Nickel Knob

2

CB2 Orvietto Black Handle

3

CB2 Unlacquered Brass Handle

2. Style the cabinet contents

(Image credit: Eggersmann Design/7am Creative)

If the doors of your kitchen cabinets are made from glass, it’s important to pay close attention to how you display the contents of them. Ensuring you keep items neatly arranged in a cohesive way will create a more polished look compared to having any clutter on show. ‘I love the idea of artfully styling your dishware and glassware on your shelves if you have glass-front kitchen cabinets,’ says Kathy Kuo. 

Painting your kitchen cabinets will guarantee a completely new look while being a fairly inexpensive home decor idea.

When choosing the best shade for your cabinets, opting for dark hues such as a deep blue or aubergine color will help create a more expensive-looking finish. ‘Bold cabinet colors are taking over 2024,’ says Nicole Cullum. ‘Pair a deep saturated, but muted cabinet color with a light tonal wall for a sophisticated yet dramatic boost.’ 

4. Add under-cabinet lighting

(Image credit: Smallbone)

Another way to make your cabinets look more expensive is to experiment with kitchen cabinet lighting ideas. Opt to add subtle lighting underneath the cabinets to fill the room with a cozy ambiance. ‘Installing under-cabinet lighting creates a warm and inviting atmosphere in the kitchen, adding a sense of luxury,’ says interior designer Soledad Alzaga.

5. Add decorative moldings

(Image credit: Future)

Lastly, consider adding decorative moldings to your kitchen cabinets to create a more sophisticated and expensive look. This would work particularly well if you have a traditional kitchen, where you can reflect the style of the room through intricate molding details. ‘Add decorative molding or trim to the cabinet doors for a custom look,’ suggests Soledad.

These ideas will no doubt elevate the look of your kitchen cabinets while being fairly quick and easy changes to make. If you are feeling inspired to carry out some kitchen DIY, make sure you’re aware of these outdated kitchen cabinet trends to avoid. 

Source: homesandgardens.com

Apache is functioning normally

Want to learn how to make $1,000 in 24 hours? While it’s not as easy as making $100 in a day, you do have some options. Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level. Perhaps you’re looking for extra money…

Want to learn how to make $1,000 in 24 hours?

While it’s not as easy as making $100 in a day, you do have some options.

Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level.

Perhaps you’re looking for extra money to pay for an unexpected bill that popped up (like a car repair or medical bill!), or maybe you’re just looking to increase your income by having a $1,000-a-day income goal.

Key Takeaways

  • The fastest way to make $1,000 quickly is to sell stuff from around your home, like electronics, jewelry, or nice furniture.
  • Freelance jobs like consulting and writing can pay a high income.
  • Jobs in the gig economy, like driving or delivering, can make you money right away, and you can stack them with others to increase your daily earnings.
  • $1,000 a day in passive income is possible through starting an e-commerce business, a blog, and selling digital products (like a course or printable).

Best Ways To Make $1,000 In 24 Hours

Here are the best ways to make $1,000 in 24 hours.

1. Sell stuff online and near you

If you want to learn how to make $1,000 by tomorrow, then the fastest option is usually to find items in your home that you already own to sell.

This is because you already have stuff in your home (the average household has over 300,000 items!!) – so you may be able to sell something to make quick cash.

So, these would either have to be a lot of items or more expensive items. For example, you could sell clothing or gift cards, something big like a piece of furniture, electronics (maybe a gaming system or computer?), or a piece of jewelry.

Here are places where you can sell your stuff:

  • eBay: This site is great for unique or collectible items.
  • Amazon: Good for books, electronics, and almost everything. Here’s a helpful article to learn more – How To Work From Home Selling On Amazon FBA
  • Craigslist: The site has a wide range of categories for selling in your local area.
  • Facebook Marketplace: Connects you with local buyers.
  • Pawn shops: Quick cash for things like jewelry.
  • Flea markets: Rent a booth for the day and sell homemade items.
  • Garage sales: Set up a sale in your yard.
  • Poshmark: Easy online marketplace to sell clothing online.

To sell your stuff for the most money, make sure you take clear pictures, write honest descriptions (is there a tear or a stain?), price items competitively, and clean your items to make them more appealing.

And, always remember to stay safe by meeting in public spaces and avoid sharing personal information. With some effort and strategic selling, you can reach your $1,000 goal.

2. Start a blog

Starting a blog is not a quick way to make money, but it can be a stepping stone to making $1,000 in a day.

Plus, it’s my favorite way to make money online. In fact, I earn over $1,000 a day with this blog. So, I know that it is possible (don’t assume that means it is easy – it is not easy, trust me!).

Here are some steps to get started with a blog:

  1. Set up your blog:
    • You’ll want to start by choosing a topic to write about, such as finance, family, travel, food, etc.
    • Purchase a domain name (this is basically the name of your blog).
    • Select a hosting service and install WordPress (you can find my tutorial for this here).
  2. Write blog posts:
    • Write helpful and fun blog posts.
    • Publish a blog post at least once a week.
  3. Monetize your blog:
    • Affiliate Marketing: Include affiliate links in your posts.
    • Sponsored Posts: Partner with brands for sponsored content.
    • Ad Revenue: Sign up for Google AdSense, Mediavine, Adthrive, or another display advertising company.
  4. Drive traffic:
    • Promote your content on social media.
    • Engage in community related to your niche.
    • Guest post on other blogs to find new readers.

I recommend taking my How To Start A Blog FREE Course. In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

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Want to see how I built a $5,000,000 blog?

In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

3. Freelance writing

Freelance writing can be a great way to make money quickly.

I have been a freelance writer for years, and I also know of many other freelance writers who are able to earn $1,000 in a day. For a freelancer who writes high-quality articles, a $1,000 day is simply a normal day for them.

Sites like Upwork, Fiverr, and Freelancer have plenty of writing opportunities across many different industries. If you can write quality, original content quickly, it’s possible to reach your goal of $1,000 by taking on multiple writing assignments.

You could also try cold pitching, which is where you find businesses that could benefit from your writing services and send them an email about how you can help them achieve their goals with your writing.

To make $1,000 in a day as a freelance writer, you may want to focus on your existing network as well, if you have one. So, this means that you may want to reach out to former clients or colleagues who might need your writing services.

4. Real estate investing

Although real estate investing requires up-front cost and time, you may be able to build up to earning $1,000 a day.

$1,000 a day is $365,000 a year, which some real estate investors are able to earn through methods such as:

  • Renting out a home on Airbnb
  • Flipping properties for income
  • Investing in REITs

And more.

Recommended reading: How This 34 Year Old Owns 7 Rental Homes

5. Affiliate marketing

Affiliate marketing is my favorite way to earn money, and it helps me to earn $1,000+ a day here on this blog.

With affiliate marketing, you are promoting products or services on your website, email list, or social media account. If you get someone to sign up or purchase through your referral link, you then earn a commission.

Most products that you can think of have an affiliate program too, so there are plenty of things you can share.

Think about sharing books from Amazon on your blog, for example. You share a link to a specific book and tell your readers to buy it through your special link. Companies like Amazon like affiliates who bring in good traffic because it helps them make more sales.

Here’s a helpful article where you can learn more: What You Need To Know About Affiliate Marketing For Beginners + How 17 Bloggers Earned Their First Affiliate Income

6. Making money on YouTube

Creating a successful YouTube channel can lead to you making an income. While it’s unlikely to make $1,000 within 24 hours from right now, you may be able to get up to that amount by building a following on YouTube by consistently producing high-quality videos.

I know several YouTubers who are able to make $1,000 each day through their YouTube channel.

Here’s a breakdown of some different ways to make money with a YouTube channel:

  • Ad revenue – Once part of the YouTube Partner Program, you can earn money through ad views on your videos. You’ll need at least 1,000 subscribers and 4,000 watch hours in the past year to join.
  • Channel memberships – Your fans pay a monthly fee for special perks like exclusive badges, emojis, and access to members-only content.
  • Super Chats and Super Stickers – During live streams, viewers can purchase Super Chats and Super Stickers to highlight their messages. This is a direct way to earn as you interact with your audience.
  • Affiliate marketing – Promote products within your videos and include affiliate links in the video description. You’ll earn a commission for every sale made through your links.
  • Sponsorships – Companies can pay you to create content that features their products, especially if your content aligns with their brand, and you have an engaged audience.

7. Drive with Uber or Lyft

Driving for a rideshare service such as Uber or Lyft can make you money, but it might be difficult to make $1,000 in one day. It can help you to reach a $1,000-in-24-hours goal, though, by stacking it with other side hustle opportunities.

Also, there are things you can do like focusing on high-demand areas and driving during peak hours to increase the amount of money that you can earn.

I know of several people who only drive for these gig apps when they know that they are able to make the most amount of money. This is because you may be able to earn hundreds of dollars extra each day or week by timing when you drive.

Here’s a strategy to boost earnings:

  1. Drive during peak hours – Surge pricing during busy hours means higher rates.
  2. Look for driving bonuses – Look out for streak bonuses and other incentives. Uber or Lyft will list these in the app.
  3. Manage your car expenses – Keep track of your gas, maintenance, and other costs to maximize profits.
Peak Times Potential Earnings Boost
Rush Hour (AM/PM) Increased Surge Pricing
Weekend Nights In Nightlife Areas High Demand, More Rides
Events (concerts, sports games, etc.) Surge Pricing, Bonuses

To reach your goal, you should know about your city’s traffic and when people need services. Getting $1,000 in a day is tough, but with a good plan, hard work, and a bit of luck, it’s something you may be able to work toward.

Other gigs related to this include driving for Instacart, Doordash, Uber Eats, and other food delivery services to earn cash. They won’t earn you $1,000 in a day, but they can be another way to make money.

8. Sell printables on Etsy

Designing and selling printables on Etsy, such as planner pages or art prints, is a creative way to make passive income. While reaching your goal of $1,000 quickly might be a challenge, growing your Etsy store can lead to long-term earnings.

I know of several successful printables sellers, and it is something that I would like to start one day as well. This is an area that I think will just continue to grow. Printables are very popular these days, and more and more people use them all the time. I personally buy printables all the time, and I find them very easy to use and helpful.

Printables are digital items that you can download and print at home, such as grocery shopping checklists, budget planners, wedding invitations, wall art, and more.

I recommend signing up for the Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

Recommended reading: How I Make Money Selling Printables On Etsy

Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

9. Sell your engagement ring

Selling jewelry, such as an engagement ring, can lead to you making money fast for when you need money right away.

If you really need the money and don’t mind parting with your engagement ring, then this may be an option for you to look into.

The value of your ring will depend on several factors, including the 4 Cs — cut, color, clarity, and carat weight — of the diamond, as well as the metal type and current market conditions.

One company I recommend looking into is Worthy.

Worthy sells wedding rings, loose diamonds, earrings, necklaces, bracelets, and luxury watches. They take care of everything, including appraisals and getting payment from the buyer.

You send your jewelry to them using a label they give you, and it’s insured. They put your item up for auction, and professional jewelry buyers can bid on it (you can set a minimum price). After the auction, you get the sale amount minus Worthy’s fee.

It usually takes around 2 weeks for the whole process, from sending the ring to getting paid.

Pawn shops and local jewelers are faster, but they might not give you the best prices. Selling online can make more money, but it takes longer with the auction process.

Recommended reading: How To Sell An Engagement Ring For The Most Money

10. Look for Craigslist gigs that pay

If you’re aiming to make $1,000 in a short span of time, you may be able to find quick jobs on Craigslist. Most of these will be one-time jobs, but there may also be full-time or part-time jobs.

To find Craigslist gigs in your town, just go to Craigslist and look for the “gigs” section.

Here are some jobs I found through a quick search:

  • Help loading and unloading a moving truck
  • Help with painting a home
  • Pet sitting and dog walking
  • Taking online surveys
  • Delivery driver
  • Data entry
  • Turning photographs into digital copies
  • Transport and install a microwave 
  • House cleaner

Related reading: How I Earned $655 From Random Craigslist Jobs In One Month

11. Rent out your unused storage space

If you have extra space at home, you can rent it out to people in your area for storage. This could be a garage, driveway, closet, basement, or even an attic.

While reaching $1,000 in a single day would definitely be a stretch, renting out your space could give you a long-term income that you stack with other jobs on this list to make $1,000 a day.

You can use a website called Neighbor to list any extra space you have for rent, and you could make up to $15,000 per year.

You can also learn more about Neighbor at Neighbor Review: Make Money Renting Your Storage Space.

12. Consulting

If you’re really good at something, like business or marketing, selling consulting services can make you a good amount of money. You can charge more because of your expertise, and it’s doable to reach your $1,000 goal by taking on a few well-paying consultations.

I know several consultants who are able to make a very high income, in fact.

Companies hire consultants to get outside knowledge, a fresh viewpoint, and handle specific issues better.

Here’s how to start selling consulting services:

  1. Identify Your Expertise – What are you good at? It could be marketing, finance, management, technology, or any other area where people seek expert advice.
  2. Set Your Rate – Determine an hourly rate that reflects the value of your consultation. As a point of reference, if you charge $250 per hour, you would need to book four hours of consulting to meet your goal.
  3. Network – Reach out to your professional network and let them know about your consulting service. Recommendations can go a long way.

13. Ask for a raise or for more hours

Talking to your boss about a raise might not get you $1,000 in a day, but negotiating a higher salary can be a good long-term strategy to make more money each year.

When approaching your employer about a raise, preparation is key.

  1. Demonstrate your value – Before the meeting, compile a list of your accomplishments, contributions, and any additional responsibilities you’ve taken on.
  2. Research market rates – Know the industry standards for your position and experience level to set a realistic raise request.
  3. Time your ask – Ideally, schedule this conversation after a significant achievement or during a performance review.

Another way to increase your income at the job you already have is by working overtime. If you are paid hourly, you can see if your employer needs you to work any extra.

14. Sell an online course

If you know a lot about something, you can make and sell an online course. Websites like Teachable and Udemy let you create, host, and sell your course. While you might not make $1,000 right away, getting students over time can bring in a good amount of money.

I have an online course that I sell, Making Sense of Affiliate Marketing. I have also taken many online courses, such as on helping my toddler get better sleep, speech therapy for parents, business courses, blogging courses, and so much more.

And, these are all created and run by people like you and me.

There are many other things you can teach in an online course, such as:

  • Painting
  • Music lessons
  • Fitness and exercise
  • Time management tips
  • Parenting
  • Languages
  • Computer programming
  • Personal finance
  • Traveling
  • Photography and photo editing
  • Plants and gardening 
  • Baking and cooking
  • Arts and crafts
  • Dropshipping

And so much more!

How Can I Get A $1000 Loan Within 24 Hours?

So, after reading the above, maybe you realize that you need $1,000 quickly and the above won’t work out for you fast enough. If that’s the case, then a loan may be another option to look into.

If you need a $1000 loan in 24 hours, first look at your options. Check if you can use your own things for quick cash. If not, check out personal loans and other ways to borrow money, but be aware that quick loans like these typically have very high interest rates that can be hard to pay off.

1. Assess your credit score: Your credit score plays an important role in your interest rate and terms of a personal loan. Generally, a higher score increases your chances of getting approved for loans with lower interest rates.

2. Explore online lenders: Some online lenders offer loans within a day, so you can get a $1000 loan in 24 hours. Fill out an easy application and compare the terms and payment choices from different lenders to pick the best one for what you need.

3. Look for short-term loans: If time is really important, you may be thinking about short-term loans like payday loans or title loans. They usually get approved faster, but keep in mind, these loans almost always have high interest rates and shorter times to pay back, so please be as careful as you can. You don’t want to go into some crazy debt that you will never be able to pay off.

Frequently Asked Questions About How To Make $1,000 In 24 Hours

Below are answers to common questions about how to make $1,000 in 24 hours.

How can I make a quick $1,000?

To make $1000 quickly, you can start by thinking about selling things you don’t need. Everyone has stuff in their home that they aren’t using – start with those items!

What are the fastest ways to earn $1,000 online?

Some of the fastest ways to earn $1,000 online include:

  • Freelancing with your skills, such as writing, designing, or coding
  • Affiliate marketing through your personal blog or social media channels
  • Creating and selling digital products, like ebooks, graphics, or courses

This really depends on what your definition of fast is. Some of the above income streams will take longer than others, of course.

Which passive income streams can pay $1,000 quickly?

While passive income streams typically take time to build, there are some options that can make $1000 quickly, such as with:

  • Rental properties, if you own an empty space or have a spare room in your home that you can rent out
  • Dividend-paying stocks, though you’ll need a very large amount of money invested to make that kind of money in a single day
  • Online courses or subscription-based services

The initial setup might take time and effort, but the long-term rewards could be worth it. Learning how to make $1,000 a day in passive income is possible, but it would require a lot of up-front legwork to get you there.

Recommended reading: 18 Passive Income Ideas To Earn $1,000+ Each Month

Which freelance jobs can generate $1,000 within a day?

Earning $1000 within a day of freelancing is ambitious, but it’s possible through high-paying gigs and opportunities like:

  • High-ticket sales or consulting services, where you share valuable advice and expertise
  • Technical jobs, like IT consulting or software development, if you have in-demand skills
  • Creative projects with tight deadlines, such as writing marketing copy for advertisements, web design, and graphic design

Learning how to make $1000 in 24 hours online through freelancing is possible, but it will take you some time to get to this point.

How To Make $1,000 In 24 Hours – Summary

I hope you enjoyed this article on how to make $1,000 in 24 hours.

While some may earn you $1,000 in the next 24 hours (such as selling an expensive item that you already own – like jewelry or a gaming system), others may take you time to earn $1,000 in a 24-hour time period.

Some on this list may be a full-time job, and others may be part-time or even one-time odd jobs (such as on Craigslist).

Getting $1,000 in a day might seem hard, but with the right plans and effort, it is doable. Whether you have a surprise expense that you need to pay for, want to boost your savings, or simply just want to start making more money, making money at this level is possible.

Have you ever needed $1,000 fast? What have you done to make $1,000 quickly in the past?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. 

While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. Instead, fresh economic projections from central bank officials showed rates would be slashed to a median 4.6% by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels.

The so-called dot plot estimates show interest rates falling to a median 3.6% in 2025, indicating four more 25 bps cuts. For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. 

What does this mean for mortgage rates?

“Mortgage rates should get better. If the spreads get better, that will be an extra plus,” said Logan Mohtashami, lead analyst at HousingWire. “The main focus now is that if the economic data gets weaker, bond traders have the green light to take yields lower.”

Mortgage rates track the yield on 10-year U.S. Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions. When Treasury yields go down, so do mortgage rates. The 10-year Treasury yield hit a low of 4.007% following the Fed’s press conference, declining from 4.202% at market open on Wednesday.

“While nobody in the mortgage world would say ’tis the season to be jolly’ based on current market conditions, the Fed’s outlook at its December meeting points to an increased possibility of a happier new year,” said Marty Green, principal at mortgage law firm Polunsky Beitel Green.

Expect lower mortgage rates

With the central bank shifting toward the next phase in its fight against rapid inflation, experts expect the path for monetary policy to support further declines in mortgage rates, just in time for a traditionally busy spring housing market.

“The commentary about three expected cuts next year and no rate hikes is great news for the mortgage industry,” Michael Merritt, senior vice president of customer care and default mortgage servicing at BOK Financial. “These cuts will allow mortgage rates to fall faster throughout 2024. The conservative expectation of three cuts also paints a positive overall outlook since they are not expecting to have to make large numbers of cuts to fuel economic growth or make increases to offset inflation.”

After hovering below 8% at the time of the last FOMC meeting in November, mortgage rates sit at just under 7%, according to HousingWire’s mortgage rate center on Wednesday.

“We’re probably at an inflection point where rates have come down enough that more buyers are coming back into the marketplace,” said Melissa Cohn, regional vice president of William Raveis Mortgage.

While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers.

“We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets. So, homebuyers who wait on the sidelines for better rates next year may find the waiting game didn’t pay the dividends they expected,” said Max Slyusarchuk, CEO of A&D Mortgage.

The median price of single family homes in the U.S. is $424,900, which is up 2.4% from last year at the same time, according to Altos Research.

“There are really no national indicators, anywhere in the data, that show home prices currently falling,” Mike Simonsen, president of Altos, said in a recent commentary.

While inventory typically rises with higher mortgage rates and falls with lower mortgage rates, there is no signal of any flood of sellers, which would be bearish for home prices, Simonsen noted. 

For there to be a supply-demand balance, rates would need to stay higher and cuts would have to come slower than markets are predicting, according to Jack Macdowell, chief investment officer at Palisades Group.

“The housing market plays a role in this given the contribution to headline inflation calculations,” Macdowell said.

“If rates come down too much (and mortgage rates follow), we’ll see the current supply-demand imbalance exacerbated as pent-up demand gets released into an undersupplied market, putting upward pressure on home values–and inflation. Until mortgage rates drop below 6% it is unlikely that pent-up deferred sales will meaningfully contribute to supply.”

Source: housingwire.com