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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Blog Image: The Beginning of an Economic Recovery

The Beginning of an Economic Recovery

The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the road ahead. We’ve talked before about what experts expect in the second half of this year, and today that progress largely hinges upon the continued course of the virus. A recent Wall Street Journal survey of economists noted, “A strong economic recovery depends on...

August 19th, 2020 | For Buyers, For Sellers, Housing Market Updates, The Beginning of an Economic Recovery

Blog Image: Sellers Are Returning to the Housing Market

Sellers Are Returning to the Housing Market

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.com, explains: “Seller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone…After five long months, sellers are back...

August 18th, 2020 | For Buyers, For Sellers, Housing Market Updates, Sellers Are Returning to the Housing Market

Blog Image: Why Homeowners Have Great Selling Power Today

Why Homeowners Have Great Selling Power Today

We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market. As average homeowner tenure lengthens and home prices rise, equity, a form of forced savings, can be applied forward to...

August 17th, 2020 | For Sellers, Move-Up Buyers, Pricing, Why Homeowners Have Great Selling Power Today

Blog Image: How Is Remote Work Changing Homebuyer Needs?

How Is Remote Work Changing Homebuyer Needs?

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 a larger home with more office space? Would making a move to the suburbs make more sense for my family? All of these questions are on the table for many Americans as we ride the wave of the current health crisis and consider evolving homeownership needs. According to George Ra...

August 14th, 2020 | First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs Buy, How Is Remote Work Changing Homebuyer Needs?

Blog Image: 2020 Homebuyer Preferences [INFOGRAPHIC]

2020 Homebuyer Preferences [INFOGRAPHIC]

Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment. Let’s connect today if your needs have recently changed and you’re ready to make a move this year.

August 13th, 2020 | First Time Home Buyers, For Buyers, infographic, interest rates, 2020 Homebuyer Preferences [INFOGRAPHIC]

Blog Image: The Latest Unemployment Report: Slow and Steady Improvement

The Latest Unemployment Report: Slow and Steady Improvement

Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the unemployment rate to fall to 10.5%. When the official report came out, it revealed that 1.8 million jobs were added, and the unemployment rate fell to 10.2% (from 11.1% last month). Once again, this is excellent news as this was the third consecutive month the unemployment rate decreased.There is, however, still a long way to go before the job market ...

August 12th, 2020 | For Buyers, For Sellers, Housing Market Updates, The Latest Unemployment Report: Slow and Steady Improvement