Connie Gohata, West OC RE Broker

Here's some great info! Owning a Home Is Still More Affordable Than Renting One If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable to buy a home than rent one. Here’s why.... ATTOM Data Solutions recently released the 2021 Rental Affordability Report, which states: Owning a median-priced three-bedroom home is more affordable than renting a... #expertanswers #purchasingpower #buyingpower

Here's some great info! How to Make the Dream of Homeownership a Reality This Year In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous I Have a Dream speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: a piece of l...and, a roof over our heads, and a place where we can grow and flourish. If you’re dreaming of buying a home this year, start... #MLKDay #Americandream #firsttimehomebuyer #opportunity

Here's some great info! Things to Avoid after Applying for a Mortgage [INFOGRAPHIC] Some Highlights... There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table. Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application. The best plan is to fully disclose your intentions with your lender before you do anything financial in nature. #firsttimehomebuyer #opportunity #housingmarket

Here's some great info! 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... #realestate #homeownership #homebuying #realestategoals

Here's some great info! 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 register above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and... #realestate #homeownership #homebuying #realestategoals See more