Team Ron Arriola

Fun Fact! For the first time in history, VA Loans has issued more than 1 million loans in 2020. The loan that was once 2% of the loan volume, now make up about 10% of the mortgage market

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 coronavirus (COVID-19) outbreaks continued across the country, which delayed some sellers from putting their homes... #teamronarriola

Families are adapting to live in a suburban neighborhood. The current needs of a new home are similar to a compound. Suburban over urban areas are in favor!

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 distribution...al analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4... #teamronarriola

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.... #teamronarriola

Closing day can be a celebration day to remember! Use this step-by-step guide to ensure it's a success

As 1 in 3 adults substituted in-person work for telework, NAR data shows 8.93 million people have relocated since the start of the pandemic. Wow! Read on below

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 r...ate for a 30-year fixed mortgage hit a record low 16 times, continuing to fall further below 3%. According to Freddie Mac, the average 30-year fixed interest... #teamronarriola

Despite the continued housing inventory issue, sales of new single-family homes soared in October. With an estimated 3.3-months of supply, sales recorded an increase of 41.5% above last year. Negotiate better with an Agent on your side!

If one of the questions you’re asking yourself is, Should I sell my house this year? consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why. According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents to their survey indicate now is a good time to buy a home, while ...59% feel it’s a good time to sell one: The percentage of respondents who say it is a good time to sell a home remained the same at 59%, while the percentage... #teamronarriola

Did you know that according to First American Real House Price Index (RHPI), a 0.08 percentage-point decline in mortgage rates from July to August 2020 translated to a $5,087 improvement in house-buying power? Learn how below!