Opes Advisors-Willow Glen

10/27/2020

Two Long Term Benefits to Home Ownership. Both involve "Mo Money, Mo Money, Mo Money!"

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up...

10/13/2020

These crazy times have made it more important than ever to use an experienced Real Estate Agent when selling your home. Let us know if you need a referral. We work with many incredible agents!

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the i...

10/07/2020

Great News! The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. Home prices rose 1% in July and are up 6.5% year over year, which is even stronger than the 5.8% in the previous report and the 4.9% two months ago. Housing continues to move higher and higher. http://spr.ly/6189GFsh5

09/16/2020

As we learn to live in a strangely different environment, many things are seeing heighted activity. This includes Real Estate sales and increasing prices. It might be a good time to get under contract!

Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following:

09/10/2020

Much like the stock market's V-shaped recovery, the Housing Market has reacted just as strongly

The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. H...

08/27/2020

Take advantage of my 100% closing on all of my Pre-approvals for well over 20 years. Get the advice on financing that meets your needs and goals.

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price ra...

08/14/2020

With the lowest interest rates EVER, homes are at their most affordable in a long time. Good homes are moving fast as buyers are looking for more space.

Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why.

08/06/2020

Through these challenging times, you may have found your home becoming your office, your children's classroom, your workout facility, and your family's safe haven. Has this changed how you think about your needs in a home going forward?

With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need...

07/29/2020

Experienced advice and shared knowledge of all of your options is invaluable when buying your first home. Trust me, you don't know what you don't know. Serving borrowers for over 20 years.

In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):

06/16/2020

Lowest mortgage rates EVER! Less spending leads to more SAVINGS and "Got to get out of this tiny apartment", means more serious Buyers the next 18 months. Great loan programs with 3% to 5% down still available to Over $1mm.

A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to m...

06/03/2020

Headed into a recession causes concern regarding home prices. Will they drop or contrary to concerns actually head higher?

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come.

05/19/2020

Imagine if you paid 0% interest on your mortgage You would still have a monthly payment. It would all just be going towards principle reduction. At todays' historically low interest rates, almost 40% of your mortgage payment goes towards principle reduction, the forced savings mentioned below.

While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equit...