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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Blog Image: Three Reasons Why This Is Not a Housing Crisis

Three Reasons Why This Is Not a Housing Crisis

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms. 1. The Market Today Is Vastly Different from...

March 30th, 2020 | For Buyers, For Sellers, Housing Market Updates, Three Reasons Why This Is Not a Housing Crisis

Blog Image: Are We About to See a New Wave of Foreclosures?

Are We About to See a New Wave of Foreclosures?

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments. In spite of this, there are actually many reasons we won’t see a surge in the number of foreclosures like we did during the housing crash over ten years ago. Here are just a few of those reasons: The Government Learned its Lesson the Last Time During the ...

March 27th, 2020 | For Buyers, For Sellers, Housing Market Updates, Are We About to See a New Wave of Foreclosures?

Blog Image: A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.

March 26th, 2020 | For Buyers, For Sellers, infographic, A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

Blog Image: Economic Slowdown: What the Experts Are Saying

Economic Slowdown: What the Experts Are Saying

More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” Bill McBride, the founder of Calculated Risk, believes we are already in a recession: “With the sudden economic stop, and with many states...

March 25th, 2020 | For Buyers, For Sellers, Housing Market Updates, Economic Slowdown: What the Experts Are Saying

Blog Image: 5 Simple Graphs Proving This Is NOT Like the Last Time

5 Simple Graphs Proving This Is NOT Like the Last Time

With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview: “With people having PTSD from the last time, they’re still afraid of buying at the wrong time.” There are many reasons, however, indicating this real estate market is nothing like 20...

March 19th, 2020 | For Buyers, For Sellers, Pricing, 5 Simple Graphs Proving This Is NOT Like the Last Time

Blog Image: Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Some Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’

March 18th, 2020 | For Buyers, For Sellers, infographic, Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

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