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It's a great day at Jose Perez and Associates, my name is Jose Perez. I'm here to give you an update for the month of December. Guys, 2021 is over and I wanted to give you guys a few updates. Number one, why is winter the new spring and summer? Stay tuned for more information on that. Number two, when is the best time to buy? Number three, we're gonna get a little crystal ball and share with you guys what we see coming for 2022. Stay tuned for more.

Why Is Winter The New Spring?

Welcome back. Why is winter the new spring and summer? I'll share with you guys why. The pandemic has really completely changed all the algorithms, if you'd like to call it at that, of home selling. You see most of the time we get really busy in the spring and the summer. That's just simply not the case anymore. Take a look at this. "Home sellers have historically moved when something in their life's changed- a new baby, a marriage, a divorce, or a new job, the pandemic has impacted everyone and for many, this became an impetus to sell and make a housing trade." Jessica Lautz said that and she's a VP of Demographics and Behavioral Insights at National Association of Realtors. In addition to that, "the pandemic likely spurred occupants to shorten their homestay, as tenure in the home decreased to eight years from 10 years, according to the report. This is the largest single-year change in home tenure since NAR began collecting such data." What that means is the following, most people used to on average, stay in their home for like 10 years. That went down to eight years. That's the biggest change since NAR started keeping a record of it. So as you can tell, the pandemic has really made a difference for people. Some people are moving right now because they need that extra bedroom to work out of their home. Some people are moving because they need rooms for the kids. I mean, there's a lot of things going on that are causing people to move in eight years instead of 10 years. So if that's you make sure to reach out.

When Is The Best Time To Move?

In addition, guys, people are asking us, "Hey, when is the best time to move?" Do you guys want to know when the best time to move? It's this year. Do you know, what's second-best? Right now! So if you guys are thinking about making a move, make sure to reach out and find out what programs you qualify for and how the new loan limits impact you specifically.

Predictions for 2022

Third guys, I want to share with you our crystal ball for what is happening today, what is happening with property values, with interest rates, and with the number of sales. We'll start with sales. There were 6.5 million sales. Now we haven't quite finished the year 2021, but we know it's going to be higher. In 2022, we're anticipating it to be 3% higher than 2021. There's going to be tons of sales and it's going to be a great market for a lot of people specifically for the sellers. In addition to that, look at interest rates. Rates right now are on the rise. We know that the reason they are on the rise is because of the feds. The way that they control interest rates or control our economy, as they control how much money they're going to put into mortgage-backed security bonds, and they were putting about 50 billion into it. Now they said they're going to taper back. In layman's terms, let me explain it to you this way, the more money is in a bucket, the lower the interest rates are. The less money is in the bucket, the higher the interest rates are. While the feds are not putting money in the bucket anymore, they're going to start tapering back but we don't know exactly how fast that rate is going to go up. At the end of the day, here's a little look or glimpse at what we think interest rates are going to be, I think it's going to get closer to 4% by the end of the fourth quarter. In addition to that, property values. We've had double-digit appreciation over the last couple of years. That's huge. People ask me all the time, "are property value's going to go down?" Well, the short answer is no. However, the trajectory is not going be go up 10%. They're probably going to be going up about 4% to 5%, which is more of a normal market.

If this is a type of information that you want to be privy to make sure to reach out to us. We're sharing this on our social media channels and everywhere else. But if this is the type of information you want in order to make an educated decision, reach out to us at (562) 646-6321.

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Jose Perez and Associates Broker Associate | Mortgage Advisor DRE 01316658      | NMLS 2036675 562-646-6321 | 951-444-5811 jp@joseperezandassociates.com www.JosePerezandAssociates.com

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It's a great day at Jose Perez and Associates. My name is Jose Perez, and I'm here to give you an update for the month of June. There's three topics we want to share with you guys today. Number one is interest rate and appreciation and how that impacts you, especially if you're already a homeowner. Number two, Joseph's going to share with you guys affordability and real estate investing as a whole so stay tuned for that. Number three, I want to give you guys a few strategies that we've used for people who currently own a home and are looking to sell that home, to buy their next home.

What Is The Refi Now Program?

Number one, we want to share with you guys, interest rates and appreciation and how that impacts you if you're currently a homeowner. So get this, the GSE has just rolled out a program called The Refi Now. The purpose of this program is that if you missed out on the peak of the market last year when everybody was refinancing this program's for you. They are lowering fees and making sure that there's a benefit to you, even going up to 65% debt to income ratio. If you've gone through a refinance, you know what I'm talking about. Anyways, we have access to that program and due to the fact that property values year over year went up 22% here in LA county. Even if you've been at your house for nine, 10 months, guys give us a call. We might be able to get rid of the mortgage insurance and get you a lower interest rate, so take advantage of that. Number two, here comes Joseph to share with you guys about affordability and real estate as an investment.

Housing Affordability

Hey everybody Joseph Portillo here with Jose Perez and Associates, and I want to talk to you about housing affordability. A lot of our clients reach out to us and ask us, "Hey, can we afford a home?" Well, studies show that since January of 2019 housing affordability has actually gone up, but this March was the first time we saw a decline because of the increase in interest rates. So if you're on the fence about buying a home, now's a great time. Give us a call before interest rates start to go up. Gallup recently also did a survey that buying a home is a great long-term investment. 41% of Americans say that buying a home is better than buying stocks and gold. So if you're on the fence about buying a home, give us a call and we'd love to help.

One Way To Sell Your Home For Your Dream Home

Number three, we've had a lot of people who currently own a home and are thinking about selling, but they don't. Why? Because they don't know how, or what, they're going to do if they can't go out there and find something else. Sometimes you want to sell your house and make it contingent on finding your replacement home. That just doesn't make you the most attractive seller, and it doesn't make you the most attractive buyer. So I want to share with you guys what one of my sellers slash buyers did. They actually reached out to Extended Stay, and it's kind of cool. They have two beds. They have a kitchenette, and they have a bathroom. They have a big grandfather chair. They have a desk. They have free cable, free wifi, and costs right around $3,000 a month. But it's the cost of doing business. It's one way where you can sell your home, be on vacation mode for a little while, until you go and find your perfect home. Let me ask you this, I want to challenge you guys with this thought. Would you be willing to go to that extreme to sell your house and buy your dream house? Anyways, guys, I hope you enjoy the update for the day for me and Joseph. This is for the month of June, 2021. If you're looking to buy, sell, or refinance or invest, reach out to us (562) 646-6321.

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It's a great day at Jose Perez and Associates. My name is Jose Perez. I'm here to give you an update for the month of May. Three topics that we keep talking to people about. We keep getting asked, are we in a bubble? Stay tuned for some information on that. Number two why are people buying and selling, the market's crazy. I've got five reasons to share with you on that. Number three, what are the projections for interest rates and which direction they are headed. Stay tuned for more info.

Are We In A Bubble?

Welcome back. So, number one, we keep getting asked, are we in a bubble? So you're not alone. Look at this research done by Google "When is the housing market going to crash?" That phrase alone has spiked 2,450% in the past month. Now here's the thing, if you want more information on that, watch our video from last month, we really went in-depth. (April 2021 Real Estate Update) However, take a look at this one chart. Look at how many homes were built in the seventies and the eighties, nineties, two thousands, and 2010s. Guys in 2010, we only built 6.5 million homes. Now, if we just look at how many people are on this earth, we have more people yet we're building less houses. So clearly we have an inventory issue, and I just want to say the same thing that Lawrence Yun said. He said, "this is not a bubble, it is simply a lack of supply." Guys I wholeheartedly believe that, so watch who you hear. This is who I believe.

What Are Your Housing Needs?

Number two, if you look at why people are jumping into making moves in the tough market, like the one we're in, it's a double-edged sword. As a seller, man, take advantage of it you're in a really sweet position. You get lots offers, you get strong offers. When you go out to buy, now, the tables are turned and you've got to deal with it, but it can be done. Now five reasons why people are making moves is number one. Our home no longer meets our needs. That's a very common one. Number two, we can make a profit in the current market. Number three, we want a smaller house. We want less work. Number four, we want to live closer to friends and family. And number five, we want different features and amenities. These are all really common for us guys. If any of these apply to you or any other ones, feel free to give us a call. We'll give you guys a free one-on-one consultation to see if this is the right time for you.

What Are Interest Rate Projections?

Now guys. Number three, interest rates and projections. The people that we listen to is Fannie Mae, Freddie Mac, the national association realtors, and mortgage bankers association. They're predicting that rates are going to go into the mid-threes come the next couple of quarters. We really don't know, but these are their predictions. Now based on the fact that we're building so much equity and rates are on the rise, if you bought a house in the last couple of years, you were in a great position. You have, really good problems to have. Number one, should I refinance it? Number two, should I sell and upgrade or downgrade? If you bought your house and you have mortgage insurance, for sure you owe it to yourself to give me a call. In about five to 10 minutes I'll let you guys know if we can get rid of your mortgage insurance right away. Now, also, if you built up some equity, you've been there for a couple of years. You can use that transferred to another home and still lock into these low rates. So take advantage of the low rates.

If you have any questions, as you know, we cover from LA to Palm Springs and everything in between. Give us a call at (562) 646-6321.