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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Blog Image: Uncertainty Abounds in the Search for Economic Recovery Timetable

Uncertainty Abounds in the Search for Economic Recovery Timetable

Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we may instead be headed for a U-shaped recovery, where the return to previous levels of economic success won’t occur until the middle of next year. Yesterday, Reuters released a poll of U.S. and European economists which revealed that most surveyed are now leaning m...

May 1st, 2020 | Housing Market Updates, For Buyers, For Sellers, Uncertainty Abounds in the Search for Economic Recovery Timetable

Blog Image: Today’s Expert Insight on the Housing Market [INFOGRAPHIC]

Today’s Expert Insight on the Housing Market [INFOGRAPHIC]

Some Highlights According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise. Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. Let’s connect so you can better understand your home’s value today.

April 30th, 2020 | For Sellers, Housing Market Updates, infographic, Today’s Expert Insight on the Housing Market [INFOGRAPHIC]

Blog Image: What Impact Might COVID-19 Have on Home Values?

What Impact Might COVID-19 Have on Home Values?

A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that item. In residential real estate, the measurement used to decipher that ratio is called months supply of inventory. A normal market would have 6-7 months of inventory. Anything over seven months would be considered a b...

April 29th, 2020 | For Sellers, Housing Market Updates, What Impact Might COVID-19 Have on Home Values?

Blog Image: 4 Refinancing Mistakes to Avoid

4 Refinancing Mistakes to Avoid

Mortgage interest rates have been low for several years and have recently fallen near record-lows. While it is a great time to refinance your home loan, there are several mistakes to be sure to avoid during the process. Mistake #1 - Assuming You Can Get Yesterday’s Rate Today If you’ve seen mortgage rates drop recently, you may figure that rate will be available for several days. The truth is that mortgage rates fluctuate daily. When you find that rates have dropped low enough to make refinancing worthwhile, you may want to consider locking in your rate with a lender. So...

April 29th, 2020 | Refinancing a Home, 4 Refinancing Mistakes to Avoid

Blog Image: Rise to the Top of the Pool by Selling Your House Today

Rise to the Top of the Pool by Selling Your House Today

With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, Chief Economist at NAR, noted:  “The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, home sellers are taking a calm approach and appear unwilling to lower price...

April 28th, 2020 | For Sellers, Housing Market Updates, Pricing, Rise to the Top of the Pool by Selling Your House Today

Blog Image: Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibilities. Here are the three types of recoveries that follow most economic slowdowns (the definitions are from the financial glossary at Market Business News): V-shaped recovery: an economic period in which the economy experiences a sharp decline. However, it is also a brief period of declin...

April 27th, 2020 | For Buyers, For Sellers, Housing Market Updates, Will This Economic Crisis Have a V, U, or L-Shaped Recovery?