Corcoran Global Living

Stay current with Market Changes #interodowney Homeowner Equity Increases an Astonishing $1 Trillion... In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: U.S. homeowners with mortgages have seen their equity increase by a total of $1 trillion since the third quarter of 2019. The average homeowner gained approximately $17,000 in equity over the past year. This is a 10.8% increase in equity over last year. The average...

Stay current with Market Changes #interodowney 3 Reasons to Be Optimistic about Real Estate in 2021... This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their space and what they need in a home going into 2021. So, experts are forecasting that next year is one in which we can be optimistic about real estate for three key reasons. 1. The Economy Is Expected to Continue Improving Tim...

Stay current with Market Changes #interodowney The Holidays Aren’t Stopping Homebuyers This Year... Black Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for many right now. This year, there’s another type of buyer that’s very active this holiday season the homebuyer. Each month, ShowingTime releases their Showing Index which tracks the average number of appointments received on active U.S. house listings. The most recent index notes: The Showing Index reported a 60.9 percent jump in nationwide showing traffic year over year in October, the sixth consecutive...

Stay current with Market Changes #interodowney 5 Steps to Follow When Applying for Forbearance... If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times. It’s important, however, to understand how forbearance works. It’s not automatic. You need to take action now and apply for the program before these options expire. A study by the Urban Institute determined: Approximately 400,000 homeowners who...

David Robles, David Alvarado, Janeth Pazmino, Cesar Montano (Oscar Mendoza and Jason Lucero)

Janeth Pazmino, Omar Rivera (Oscar Mendoza and Jason Lucero)

Stay current with Market Changes #interodowney Real Estate Is a Driving Force in the Economy As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call home is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore...

Stay current with Market Changes #interodowney Rent vs. Buy: How to Decide What’s Best for You According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further.... While the best timeline to buy a home is different for...

Juan Castillo, Edgar Gutierrez, Gilbert Navarro, Luis Pinel, Fred and Angie Hernandez Realtors (Oscar Mendoza and Jason Lucero)

Norma Gil, Marlon Galarreta, Lily Garriga, Maria DeJesus De Santiago, Marilu Garcia-Morales, Elizabeth Garcia, Jose Leon, David Robles, Alfred Zamudio, Ali Kassira, Jorge Lopez, Jesse Espinosa, Diana Morfin (Oscar Mendoza and Jason Lucero)

Alfred Zamudio, Cesar Montano, Joe Cruz, Claudia Solis (Oscar Mendoza and Jason Lucero)

Stay current with Market Changes #interodowney 4 Reasons Why the Election Won’t Dampen the Housing Market Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them.... Analysts will try to measure the impact feasible changes in regulations might...

Stay current with Market Changes #interodowney Should I Renovate My House Before I Sell It? [INFOGRAPHIC] Some Highlights... In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and...

Intero Downey wishes a very special birthday to each of these incredible women/agents, Realtor Perla Martinez, Michelle Gaxiola, and Cindy Urey Real Estate!

Stay current with Market Changes #interodowney Three Ways Low Inventory Is a Win for Sellers The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR):... "There is no shortage of hopeful, potential buyers, but inventory is historically... See more

Stay current with Market Changes #interodowney Buyer Interest Is Growing among Younger Generations The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence...

Oscar Mendoza, Jason Lucero SEE YOU TOMORROW! SET APPOINTMENTS AND NETWORK WITH OTHER AGENTS

Stay current with Market Changes #interodowney How Down Payment Assistance Opens the Door to Homeownership Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely...