Jose Esquivel

Don't Fall into the Rental Trap 62% of renters indicate they believe they are losing money by renting- and rents only continue to increase. Don't fall into the rental trap! If you're currently renting, let's get together to explore your homeownership option

Experts Predict a Strong Housing Market for the Rest of 2019 We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019. Here’s what some of the experts have to say:... Ralph McLaughlin, Deputy Chief Economist for CoreLogic We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year. Lawrence Yun, Chief Economist at NAR We expect the second half of year will be notably better than the first half in terms of home sales, mainly because of lower mortgage rates. Freddie Mac The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer monthsThe benefit of lower mortgage rates is not only shoring up home sales, but also providing support to homeowner balance sheets via higher monthly cash flow and steadily rising home equity. Bottom Line The housing market will be strong for the rest of 2019. If you’d like to know more about our specific market, let’s get together to discuss what’s happening in our area.

A Recession Does Not Equal a Housing Crisis Recently, there's been a lot of news surrounding an impending recession. However, the same experts predicting an economic slowdown also believe it will not be caused by the housing market. If you're thinking of buying or selling a home, there's no need to panic- let's get together to address your concerns and talk about what's really happening.

My team and I will be hosting an open house Saturday and Sunday at 212 E. 6th St. Pomona, CA 91766 from 12:00 pm to 4:00 pm. If you or you know someone that's interested in this property or other properties let me know, I'll be happy to help you find that home for you and your family. DRE# 02086159

The Benefits of Growing Equity in Your Home Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for homeowners. 1. Move-Up Opportunity: With the rise in prices, homeowners naturally experience an increase in home equity.... According to the Homeowner Equity Insights from CoreLogic, In the first quarter of 2019, the average homeowner gained approximately $6,400 in equity during the past year. This increase in profit means if homeowners decide to sell, they’ll be able to put their equity to work for them as they make plans to move up into their next home. 2. Gain in Seller’s Profit: ATTOM Data Solutions recently released their Q2 2019 Home Sales Report, indicating the seller’s profit jumped at one of the fastest rates since 2015. They said: A look at the national numbers showed that U.S. homeowners who sold in the second quarter of 2019 realized an average home price gain since the original purchase of $67,500the average home seller gain of $67,500 in Q2 2019 represented an average 33.9 percent return as a percentage of the original purchase price. 3. Out of a Negative Equity Situation: Negative equity occurs when there is a decline in home value, an increase in mortgage debt, or both. Many families experienced these challenges over the last decade. According to the same report from CoreLogic, U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $485.7 billion since the first quarter 2018, an increase of 5.6%, year over year. In the first quarter of 2019, the total number of mortgaged residential properties with negative equity decreasedto 2.2 million homes, or 4.1% of all mortgaged properties. Bottom Line: If you’re a current homeowner, you may have more equity than you realize. Your equity can open the door to future opportunities, such as moving up to your dream home. Let’s get together to discuss your options and start to put y