Hello everyone, I wanted to share a market update video now that we are well into the second half of the year. Some of the topics I discuss are the slowing down of the market and what that can mean for the overall state of the market. I still think it’s a good time for buyers due to the decreasing we have seen in interest rates. Watch the video down below and let me know how I can help you!

If you have been wanting to learn more about commercial real estate and how to analyze transactions, I’d like to invite you to join this upcoming workshop. I will be presenting this class along with Curtis Gabahrt, president of Gabhart Investments who has been very successful in the commercial real estate industry. We will be covering many topics all about commercial real estate. Make sure to get your tickets soon, you can purchase them here.

Hello everyone, I’m happy to announce that I am now a Licensed Loan Originator in Arizona. Along with working in California I’m looking forward to helping clients and brokers in this new market. Many California residents have invested in property in Arizona because of the rising market and great investment opportunities. Whether you’re looking to invest or to make the big move to our neighbor state, I’m happy to help.

Submitting your loan application does not mean the process is done. There is still a lot of reviewing that needs to happen to finally close the loan. If you are in this phase of the home buying process, there are steps you can take to ensure the loan will close and you will be funded for your purchase. Watch the video below for three easy steps you can take. Like always, I’m happy to help with any questions you may have.

Working with a mortgage broker has many benefits over acquiring a mortgage with a big bank. Not only can we find the better rates, but we can help make sure buyers have more purchasing power. This can be essential in the San Diego market because of the competition brought on by the low inventory of homes. Getting pre-approved is always a great first step in your home search.

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Unemployment is very low. This is great. But, low unemployment is a harbinger of recession as you can see in this chart. However, recessions are a time when interest rates also decline. What does this mean for housing prices? I do not perceive a lot of speculative value in the our current home prices. So, if the economy does slow, I believe pricing will remain stable and we can get into a buyers’ market. I do not expect home prices to be adversely impacted if the economy does slow in the next year or so. This will be supported by lower interest rates in a sluggish economy. Lower rates also help affordability.

April is almost over and this what has been going on recently in the real estate market.

• low inventory of homes
• interest rates have remained low
• listing times have been longer for homes

Make sure to watch the video above to know what this can mean for you and for other trends to keep an eye on. Le me know how I can help you!

Right now the hot new programs in the loan world are those suited for self employed borrowers. These programs allow you to use bank statements or stated income instead of your tax statements. Whether you’re looking for an investment property or a home for yourself, we can find the right option for you. Check out the video below for more information and give me a call to discuss. I look forward to helping you!