MVP Real Estate & Investments LLC.

How Much Leverage Do Today's House Sellers Have? The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year. This increase in demand coupled with such limited supply is leading to more bidding wars throughout the... Thinking about Buying or Selling? Message Me Now!

The Reason Mortgage Rates Are Projected to Increase and What It Means for You We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try to forecast mortgage... rates, we should consider the advice of Mark Fleming, Chief Economist at First American: You know, the fallacy of economic... Thinking about Buying or Selling? Message Me Now!

Where Have All the Houses Gone? In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market wh...ile buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains: With buyers active in the market... Thinking about Buying or Selling? Message Me Now!

Home Mortgage Rates by Decade [INFOGRAPHIC] Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.... Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever. If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor. Thinking about Buying or Selling? Message Me Now!

Will Forbearance Plans Lead to a Tsunami of Foreclosures? At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not. Yanling Mayer, Principal ...Economist at CoreLogic, recently revealed: A distributional analysis of forborne loans’ payment status reveals that more than one... Thinking about Buying or Selling? Message Me Now!

Homeowners Today Have Tremendous Equity You may have more home equity today than you realize. Let's connect to plan how you can leverage that equity in your next move. Thinking about Buying or Selling? Message Me Now!

4 Reasons People Are Buying Homes in 2021 According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what home means and what we may need in one going forward. Here are 4 reasons people are reconsidering where they live and why they’re expecting to buy a home this year. ... 1. Record-Low Mortgage Interest Rates In 2020, the average interest rate for a 30-year fixed mortgage hit a record low 16 times, continuing to fall... Thinking about Buying or Selling? Message Me Now!

What Does 2021 Have in Store for Home Values? According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to registe...r above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks... Thinking about Buying or Selling? Message Me Now!

Reasons to Hire a Real Estate Professional [INFOGRAPHIC] Some Highlights Choosing the right real estate professional to work with is one of the most important decisions you can make in your homebuying or selling process.... The right agent can explain current market conditions and break down exactly what they mean for you. If you’re considering buying or selling a home this year, let’s connect so you can work with someone who has the experience to answer all of your questions about pricing, contracts, negotiations, and more. Thinking about Buying or Selling? Message Me Now!

Three Reasons to Buy a Home in 2021 2021 will be a great year to buy a home. Let's connect to make sure you're ready for success in today's housing market. Thinking about Buying or Selling? Message Me Now!