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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Blog Image: National Homeownership Month [INFOGRAPHIC]

National Homeownership Month [INFOGRAPHIC]

Some Highlights National Homeownership Month is a great time to reflect on how we can each promote stronger community growth. Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities. Let’s connect today if homeownership is part of your future plans.

June 11th, 2020 | For Buyers, For Sellers, National Homeownership Month [INFOGRAPHIC]

Blog Image: The Shocking News in the Unemployment Report

The Shocking News in the Unemployment Report

Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, blowing Wall Street expectations out of the water: Economists had forecast a loss of 8.3 million jobs and a 19.5% unemployment rate.” In addition, CNBC revealed: “The M...

June 10th, 2020 | For Buyers, For Sellers, The Shocking News in the Unemployment Report

Blog Image: You Can You Still Get a Home Loan with Tighter Standards

You Can You Still Get a Home Loan with Tighter Standards

Since the coronavirus outbreak began, millions of Americans have filed for unemployment. The resulting fear about being unable to pay for expenses has caused more than 3.5 million homeowners to apply for mortgage forbearance to date. That has put lenders in a tight spot. With so many borrowers delaying their mortgage payments, lenders have less cash on hand to make new home loans. Plus, the number of forbearance cases coupled with continued COVID-19 shutdowns has created increased the risk for lenders of mass loan defaults. In order to moderate that risk, lenders are tightening standards fo...

June 10th, 2020 You Can You Still Get a Home Loan with Tighter Standards

Blog Image: Real Estate Will Lead the Economic Recovery

Real Estate Will Lead the Economic Recovery

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process. According to Ivy Zelman of Zelman & Associates:  “Housing will fare better than expected during this severe downturn.” In addi...

June 9th, 2020 | For Buyers, For Sellers, Housing Market Updates, Real Estate Will Lead the Economic Recovery

Blog Image: Why This Summer Is the 2020 Real Estate Season

Why This Summer Is the 2020 Real Estate Season

With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate. Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes: “Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase a...

June 8th, 2020 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, interest rates, Move-Up Buyers, Why This Summer Is the 2020 Real Estate Season

Blog Image: Economists Forecast Recovery to Begin in the Second Half of 2020

Economists Forecast Recovery to Begin in the Second Half of 2020

With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin. According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a recovery will begin in the second half of 2020 (see graph below):There ...

June 5th, 2020 | For Buyers, For Sellers, Housing Market Updates, Economists Forecast Recovery to Begin in the Second Half of 2020