North Orange County Realtors Preview & Networking

"The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices," said Lawrence Yun, NAR's chief economist. "It is important to keep in mind that the current sales and prices are far stronger than a year ago. "The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates," Yun said. He continues to predic...t a favorable outlook for the housing market in the coming year. Although his projections for 2021 include a slight uptick in mortgage rates from the current 2.7 percent rate to around 3 percent, he still expects existing-home sales to rise by about 10 percent and new home sales by 20 percent next year. "Economic growth is guaranteed from the stimulus package and from vaccine distribution, but high government borrowing will put modest upward pressure on interest rates," he said.

KINDNESS WANTED! Christmas Care Packages wanted to cheer up deployed U.S. Troops. This year I am sending the care package directly to a specific troop in the Arabian Desert. If you would like to participate , here is the list of yes/no items. You may have it mailed to my office or dropped off. I will package them all at once and mail it. Hi Gucci!... Love your name by the way Thank you for your kindness and support to the deployed Troops. Whatever you send it’ll make someone’s Christmas very special and memorable. We’d appreciate having these products (since they’re hard to come by): 1. Coffee (i.e.: Statbucks VIA instant coffee or whole beans) 2. Beef jerky (no pork products allowed) 3. Protein powder or workout supplements. 4. Healthy snacks (protein bars, breakfast bars...etc.) NO to these products: hygiene, clothing, tobacco, alcohol, magazines, religious books, sugary or canned food. Please ask if need clarification for products I did not mention. Everything you send will be shared among the Troops. NOTE: Please remember to wrap in newspapers/wrappers any products that can melt from hot weather. Thank You!

If you'd like to read the official FHFA press release, here you go, but here's the skinny on the new conforming loan limit of $548,250 for 2021, up from $510,400 in 2020. Which loans does this apply to? Conventional, conforming loans (those sold to or securitized by Fannie Mae and Freddie Mac, which is a vast majority of the market), both refinances and purchases Does this apply to FHA/VA/USDA loans? Not immediately, and not equally. FHA will use the new number to announce i...ts own loan limit increases in a week or two. When that happens, you can always use this page to determine your county's limit. VA is a bit different depending on how much entitlement you have (read more on the VA site). What's the benefit of having a conforming loan amount? Conforming loans have the lowest effective rates (FHA rates may be lower, but they carry mortgage insurance). They also have different qualification standards (typically "easier") than loans for higher amounts, but this can depend on the lender and your scenario. See more

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Seems we are going into the next wave of quarantine! Stay safe out there my friends ! We might not return til 2021 Seems we are going into the next wave of quarantine! Stay safe out there my friends ! We might not return til 2021

Happy Wednesday my Brea Placentia Caravan network! Hope everyone is healthy and safe ! As the current events unfold, we keep getting pushed further out as far as bringing back the caravan. I am told that the next wave of the virus might be worse. Our health and safety is more important than anything right now. Meanwhile I do understand the mental health awareness. We all need human connection. We are here. Let’s find ways to stay connected. I am available anytime 949 307-2292. Call anytime. Stay safe and healthy my friends ! God speed Pray for the world peace

Furloughed Borrowers The COVID-19 pandemic has resulted in an increase in furloughed employees. A furlough is a suspension from active employment that does not typically guarantee restoration of an employee’s position when the furlough period ends. Until furloughed employees actually return to work, they are unable to provide evidence of a stable and reliable flow of employment-related income and therefore may not be used as an income source for qualifying. Unemployment Ben...efits as Qualifying Income Unemployment benefits cannot be used to qualify a borrower unless they are clearly associated with seasonal employment that is reported on the borrower’s signed federal income tax returns. Many unemployed and furloughed individuals are eligible for unemployment benefits under the CARES Act, however, unemployment compensation is short-term in nature and is therefore not a reliable and predictable source of income for borrowers who are not established seasonal workers. See more

Check out this Virtual Tour!!! 2 bedroom 2 full bath condo for sale in Brea. Also included is a commercial unit downstairs being leased for $1230!

By request , we are bringing coffee talk via social media. We can also call it coffee social. It will be done via video conferencing on FB messenger. Like this post if would like to participate. We will discuss current event and life as it is now , support each other until we can meet in person again.

Should we meet online weekly until the safer at home order is lifted ? Do you see a value in it?

Need Virtual Staging ? COVID-19 has made it difficult to show our listings! Virtual Tours allow anybody with a smart phone to access a personal open house for your listing at their convenience, literally sitting on the couch, while also following social distancing and stay at home guidelines!... I am a self taught amateur photographer but have been able to create effective virtual tours & drone photos for my own listings that are generating lots of interest and positive feedback. One of the agents in my office was unable to schedule a virtual tour with a big name photography company because of unavailability. For this reason I am reaching out to agents in my immediate area who just listed a property and offering for $99.00 to shoot & setup a fully functioning and shareable virtual tour of their listings. Drone photos will be an additional $50.00 if desired. I will be following the same general guidelines as the big name photographers to fight COVID-19. If you are interested in scheduling a time to have a virtual tour completed on your listing please reply to this email OR call 310-923-6160 & we can get you setup as soon as possible ( in some cases as soon as same day or 24hr notice because time is of the essence ). I know times are tough which is why I am pricing my services below prices I have seen for similar services. Please see a sample of my work here: https://vt.plushglobalmedia.com/tour/TT16GN3Y84 [vt.plushglobalmedia.com] Sample Drone Photos Are Attached Below. Set Up Your Appointment For A Virtual Tour Today To Stay Safe & Keep Producing!! Pablo Daniel Hernandez Direct: 310.923.6160 Office: 909.509.5128 BRE #01902124