Cynthia DelaRosa Yalcindag-Loan Specialist at Motto Mortgage

01/15/2023

Housing and mortgage news you need to know

Today’s Housing Market Is Nothing Like 15 Years Ago

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle.

Looking at the facts, it’s clear: today is very different than the housing market of 15 years ago.

>>There’s Opportunity in Real Estate Today

And in today’s market, with inventory rising and less competition from...

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, w...

01/13/2023

Housing and mortgage news you need to know

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process. DM me so you have expert answers for any questions as they come up.

01/12/2023

Housing and mortgage news you need to know

Is It Time To Sell Your Second Home?

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

A recent report from the Institute for Luxury Home Marketing (ILHM) explains just how much remote work impacted the demand for second and luxury homes:

“The unprecedented ten-fold increase towards remote work since the pandemic is an historic development that will...

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury hom...

01/10/2023

Housing and mortgage news you need to know

The Truth About Negative Home Equity Headlines

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

01/08/2023

Housing and mortgage news you need to know

[:en]Your Market Knowledge Will Determine Your Success in 2023 [LIVE WEBINAR][:]

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01/06/2023

Housing and mortgage news you need to know

Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]

Some Highlights

If you’re planning to buy a home in 2023, here are a few things to focus on.
Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them.
Reach out to a real estate professional so you have expert advice on how to reach your homebuying goals this year.

Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them. Reach out to a r...

01/05/2023

Housing and mortgage news you need to know

3 Best Practices for Selling Your House This Year

A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one.

A gre...

A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A gre...

01/03/2023

Housing and mortgage news you need to know

Wondering How Much You Need To Save for a Down Payment?

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don't let a common misconception about how much you need to save make the process harder than it could be.

>>Understand 20% Isn’t Always the Typical Down Payment
Unless specified by your loan type or lender, it’s typically not required to put 20% down. This means you could be closer to your homebuying dream than you realize. According to the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. In fact, the median down payment today is only 14%. And it’s even lower for first-time homebuyers at just 6% (see graph below):

>>Learn About Options That Can Help You Toward Your...

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don't let a common misconception about how much you need to save make the process harder than it could be.

01/01/2023

Housing and mortgage news you need to know

Planning To Sell Your House? It’s Critical To Hire a Pro.

If you’re thinking of selling your house, the best way to make sure you’re in the know is to work with a trusted housing market expert. Here's why.

>>1. A Real Estate Advisor Is an Expert on Market Trends
An expert real estate advisor has the latest information about national trends and your local area too. More importantly, they’ll know what all of this means for you so they’ll be able to help you make a decision based on trustworthy, data-bound information.

>>2. A Local Professional Knows How To Set the Right Price
If you sell your house on your own, you may be more likely to overshoot your asking price because you’re not as aware of where prices are today. Real estate professionals provide an unbiased eye when they help you price your house.

>>3. A Real Estate Advisor Helps Maximize...

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to wo...

12/30/2022

Housing and mortgage news you need to know

Here's to a Wonderful 2023!

Wishing you all the best and looking forward to working with you on your real estate goals in 2022. Happy New Year!
#2023

12/29/2022

Housing and mortgage news you need to know

Supply and demand will always play a major role when selling your house. Even today, the demand for homes is still greater than the supply due to decades of underbuilding and millennials aging into their prime homebuying years. If you’re a homeowner planning to sell, DM me today so we can discuss why your home is still in demand.

12/28/2022

Si bien es emocionante comenzar a pensar en mudarse y decorar después de haber solicitado su hipoteca, hay algunas cosas claves que debe tener en cuenta antes del cierre. Aquí hay una lista de las cosas que quizás no se dé cuenta que debe evitar después de solicitar su préstamo hipotecario.