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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Blog Image: Where Homebuyers Are Heading By Generation [INFOGRAPHIC]

Where Homebuyers Are Heading By Generation [INFOGRAPHIC]

Some Highlights: Whether capitalizing on job opportunities, affordability, or warm-weather places to retire, Americans are making moves to these top cities to take advantage of the strength in the current housing market. A strong economy and lower mortgage rates have made it easier for many would-be buyers to get into the market. According to realtor.com, it just depends on which market. To find the top market in our area, let’s get together.

January 23rd, 2020 | Baby Boomers , Demographics, For Buyers, For Sellers, Generation X, infographic, Millennials, Pricing, Where Homebuyers Are Heading By Generation [INFOGRAPHIC]

Blog Image: The 2020 Real Estate Projections That May Surprise You

The 2020 Real Estate Projections That May Surprise You

This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to mortgage rates, home sales, and home prices is incredibly valuable – and they may surprise you. Mortgage Rates Projections from the experts at the National Association of Realtors...

January 10th, 2020 | For Buyers, For Sellers, Housing Market Updates, Pricing, The 2020 Real Estate Projections That May Surprise You

Blog Image: 2020 Forecast Shows Continued Home Price Appreciation

2020 Forecast Shows Continued Home Price Appreciation

Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year: Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the most recent results, 32 of the 50 U.S. states (plus D.C.) had a minimal probability of lowering by 2021. Bottom Line Experts forecast home price appreciation to c...

December 29th, 2019 | Housing Market Updates, Pricing, 2020 Forecast Shows Continued Home Price Appreciation

Blog Image: Have You Budgeted for Closing Costs?

Have You Budgeted for Closing Costs?

Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage. What Are Closing Costs? According to Trulia, “When you close on a home, a number of fees are due. They typically range from 2% to 5% of the total cost of the home, and can include title insurance, origination fees, underwriting fees, document preparation fees, and more.” For those who buy a $250,000 home, for example, tha...

December 11th, 2019 | First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing, Have You Budgeted for Closing Costs?

Blog Image: The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear. Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.

November 21st, 2019 | First Time Home Buyers, For Buyers, Housing Market Updates, infographic, Pricing, Rent vs Buy, The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Blog Image: Forget the Price of the Home. The Cost is What Matters.

Forget the Price of the Home. The Cost is What Matters.

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. The reacceleration of home values will cause some to again voice concerns about affordability. Just last week, however, First American came out with a data analysis that explains how price is not ...

November 15th, 2019 | Housing Market Updates, interest rates, Pricing, Forget the Price of the Home. The Cost is What Matters.

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