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Monthly Archives: November 2020

    Don’t Let Buyer Competition Keep You from Purchasing a Home

    By Jona Olvido | November 25, 2020

    This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we... Read More

    Will Mortgage Rates Remain Low Next Year?

    By Jona Olvido | November 24, 2020

    In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates are hitting... Read More

    Chances of Another Foreclosure Crisis? “About Zero Percent.”

    By Jona Olvido | November 23, 2020

    There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced to... Read More

    Homes for Sale Are Rapidly Disappearing

    By Jona Olvido | November 20, 2020

    Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained: “While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low... Read More

    Why Working from Home May Spark Your Next Move

    By Jona Olvido | November 19, 2020

    If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond. While the pandemic continues,... Read More

    Winter Will Bring a Flurry of Activity to the Housing Market

    By Jona Olvido | November 18, 2020

    In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the housing... Read More

    VA Home Loans: Helping Heroes Find a Home

    By Jona Olvido | November 17, 2020

    Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their... Read More

    Homeownership Is a Key to Building Wealth

    By Jona Olvido | November 13, 2020

    For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family... Read More

    Is it Safe to Sell My House Right Now?

    By Jona Olvido | November 11, 2020

    In today’s real estate market, the buzz is all about how it’s a great time to sell your house. Buyer demand is high, and there simply aren’t enough homes available to buy to meet that growing need. This means now is the time to make a move so you can close the deal on your ideal terms. Even in today’s... Read More

    Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

    By Jona Olvido | November 6, 2020

    As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself. This year, homeowners... Read More