Jin Ro

Experts forecast a year of continued strength in the housing market. Let's connect to explore how 2021 could be the year to achieve your real estate goals. Contact our team today for more information! #TheRoTeam #Puttingyourfamilyfirst #HappyNewYear

COMING SOON for Lease! Recently renovated condo in Orangetree community featuring 2 bed, 1 bath, ground level, and spanning across 868 sqft. Listing at $2,400/ month Contact The Ro Team today for more information! #TheRoTeam #Puttingyourfamilyfirst #KWIrvine #KellerWilliamsRealty #ForLease #ForRent #ForLeaseinIrvine #ForRentinIrvine #OCRealEstate #RealtorsofInstagram

Being able to spend quality time with those closest to us is all we can ask for this Christmas The Ro Team wishes everyone a very happy and blessed Christmas! #TheRoTeam #Puttingyourfamilyfirst #KWIrvine #KellerWilliamsRealty #MerryChristmas #HappyHolidays

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, and that percentage has been dropping steadily. Black Knight recently reported that the national forbearance rate ...has decreased to 5.6%, with active forbearances falling below 3 million for the first time since mid-April. Many of those still in forbearance are actually making timely payments. Christopher Maloney of Bloomberg Wealth recently explained, Almost one quarter of all homeowners who have demanded forbearance are still current on their mortgagesaccording to the latest MBA data. However, since over two million homeowners are still in forbearance, some experts are concerned that this might lead to another wave of foreclosures like we saw a little over a decade ago during the Great Recession. Here is why this time is different. >>There will be few strategic defaults Today, the vast majority of homeowners have significant equity in their homes. This dramatically decreases the possibility of strategic defaults. >>There are other options that were not available the last time -Refinance repay -Repayment plan -Deferral program -Modification flex modification Homeowners who can’t catch up on past payments and don’t qualify for the programs mentioned have two options: sell the house or let it go to foreclosure. Some experts think most will be forced to take the foreclosure route. However, an examination of the data shows that probably won’t be the case. Some analysts are talking about future foreclosures reaching 500,000 to over 1 million. With the options today’s homeowners have, that doesn’t seem likely. #realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipso

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say. Lawrence Yun, Chief Economist, National Association of Realtors: Home sales continue to amaze, and there are plenty o...f buyers in the pipeline ready to enter the marketFurther gains in sales are likely for the remainder of the year, with mortgage rates hovering around 3% and with continued job recovery." Frank Martell, President and CEO, CoreLogic: "Homeowners’ balance sheets continue to be bolstered by home price appreciation, which in turn mitigated foreclosure pressuresAlthough the exact contours of the economic recovery remain uncertain, we expect current equity gains, fueled by strong demand for available homes, will continue to support homeowners in the near term." Zillow: Zillow's predictions for seasonally adjusted home prices and pending sales are more optimistic than previous forecasts because sales and prices have stayed strong through the summer months amid increasingly short inventory and high demand. The pandemic also pushed the buying season further back in the year, adding to recent sales. Future sources of uncertainty including lapsed fiscal relief, the long-term fate of policies supporting the rental and mortgage market, and virus-specific factors, were incorporated into this outlook. Many economists are in unison, indicating the housing market will continue to fuel the economy through the end of the year, maintaining this unprecedented strength. DM me if you’re ready to make a move in the housing market. #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #reale

Our team is always here to help you with all your real estate needs. Contact The Ro Team today and find out how we can help!

We are so excited to announce to our clients that their property went into escrow after just one weekend of showings! Contact The Ro Team today and see how we can help you with your real estate goals! #TheRoTeam #Puttingyourfamilyfirst #KWIrvine #KellerWilliamsRealty #InEscrow #OCRealEstate #RealtorsofInstagram

There are many benefits to working with a real estate professional when selling your house. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO), it’s critical to consider the following: 1 Your safety is a priority real estate professional will have the proper protocols in place to protect not only your belongings, but your family’s health and well-being too.... 2 A powerful online strategy is a must to attract a buyer Recent studies from NAR have shown that, even before COVID-19, the first step 44% of all buyers took when looking for a home was to search online. Throughout the process, that number jumps to 93%. 3 There are too many negotiations As part of their training, agents are taught how to negotiate every aspect of the real estate transaction and how to mediate the emotions felt by buyers looking to make what is probably the largest purchase of their lives. 4 You won’t know if your purchaser is qualified for a mortgage Having a buyer who wants to purchase your house is the first step. Making sure they can afford to buy it is just as important. As a FSBO, it’s almost impossible to be involved in the mortgage process of your buyer. 5 FSBOing has become more difficult from a legal standpoint In an increasingly litigious society, the agent acts as a third-party to help the seller avoid legal jeopardy. This is one of the major reasons why the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years. 6 You net more money when using an agent A study by Collateral Analytics revealed that FSBOs don’t actually save anything by forgoing the help of an agent. In some cases, the seller may even net less money from the sale. The study found the difference in price between a FSBO and an agent-listed home was an average of 6%. Listing on your own leaves you to manage the entire transaction by yourself. Why do that when you can hire an agent and still net the same amount of money? Before you decide to take on the challenge of selling your house alone, DM me to discuss your options. #Sellyourhouse #FSBO #moveuphome #realestate #homeownership #realestategoals #realestatetips #realestatelife #r

Happy Monday! We hope everyone had a great weekend. Check out The Ro Team’s current listings! 11 Appleglen just hit the market over the weekend contact us for more information on the great DETACHED SFR in Irvine!! #TheRoTeam #Puttingyourfamilyfirst #KWIrvine #KellerWilliamsRealty #ForSale #JustListed #ForSaleinIrvine #OCRealEstate #RealtorsofInstagram

Happy Friday everyone! the weather is getting cooler and our team is missing our fave shabu place Mokkoji so we gotta throw it back to last year’s meal Looking to buy or sell? Contact The Ro Team today! #TheRoTeam #Puttingyourfamilyfirst #KWIrvine #KellerWilliamsRealty #OCRealEstate #realtorsofinstagram