Armando Gonzalez, NMLS ID 259249

Coronavirus pandemic cuts rent growth to a decade low: Back in February, just before the coronavirus hit the U.S. economy with a vengeance, rent growth for single-family homes had hit its highest pace in four years. Barely three months later, that growth plummeted to a decade low. ... Single-family rents grew just 1.7% annually in May on a national level, according to CoreLogic. ""Some metro areas, especially those that depend on tourism, were hit hardest by job losses. With unemployment rates predicted to remain high through the end of the year, we can expect to see further easing in rent growth as the economy struggles this year."" Honolulu, whose economy relies heavily on the tourism market, was the only major city to see rents decline annually, down 0.4%. Rent demand is based on employment, so cities that have lost more jobs are seeing rents slow the most. See more

Happiness is an inside job!

Four Reasons to Invest In Real Estate: Many people decide they want to invest in real estate but aren’t sure where to begin.. Here are four ways to make the most of investing in real estate. 1. Passive Cash Flow:... Let's face it: Everyone would love a little extra cash in their pocket every month. 2. Purpose And Passion: Ultimately, for many people, investing in real estate just feels good especially when you acquire properties that are beautiful and architecturally pleasing to the eye after improving them. 3.Teach Your Children: If you own a rental property, it will require maintenance at some point. If you are a hands-on person, you may elect to do the work yourself. Including your family in the process creates a great learning experience for all. 4.Get Ahead With Diversified Retirement Savings: We all know that diversification in investing is important. Real Estate offers a long-term tangible investment to add to your retirement portfolio. If you'd like to discuss your finance options for investing in Real Estate, comment below and I'll be in touch. See more

Who you are tomorrow begins with what you do today!

Mortgage rates hit another all-time low, falling below 3%! If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Reach out so we can determine your best next steps toward homeownership.

Homebuyer mortgage demand spikes 33% as rates set another record low. Home price gains continue to accelerate, so low mortgage rates are giving buyers much-needed help. Applications to refinance a home loan, which are generally more sensitive to weekly interest rate moves, rose just 0.4% from the previous week but were 111% higher than one year ago. Because interest rates have been low and refinance demand has been strong for so long, only a limited number of borro...wers can still benefit significantly from even the new record low rate. The refinance share of mortgage activity decreased to 60.1% of total applications from 61.2% the previous week. See more

Count your blessings, not your problems!

How Is COVID Affecting Mortgages? When people are getting a mortgage it’s typically one of two scenarios: getting a new mortgage with the purchase of a home or refinancing an existing mortgage to lower the monthly payment rate. The economic challenges related to COVID-19 have caused interest rates to drop significantly, compared to pre-pandemic levels. If you’re buying a home now, you would get a lower monthly rate than you would have pre-COVID. When lenders are busy, they often don’t have the capacity to handle new customers, so sometimes they actually increase prices to compensate.