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It was a tough loss for UCLA yesterday... 🤔🤔🤔 Check out the housing markets of the teams in the semifinals of the men’s tournament. #FinalFour #MarchMadness #collegebasketball https://www.instagram.com/p/CNQCYFjjxbo/?igshid=15tqwd3134g49

#RealEstateBuzz Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move. However, there’s one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions: 
1️⃣ Do I think home values will be higher a year from now?
 2️⃣ Do I think mortgage rates will be higher a year from now?

From a purely financial standpoint, if the answer is ‘yes’ to either question, you should strongly consider buying now. If the answer to both questions is ‘yes,’ you should definitely buy now.

Nobody can guarantee what home values or mortgage rates will be by the end of this year. The experts, however, seem certain the answer to both questions above is a resounding ‘yes.’ Mortgage rates are expected to rise and home values are expected to appreciate rather nicely.

Here’s the financial impact of waiting: 
📌 You pay more for the house
📌 You need additional money for a down payment
📌 You pay more in your mortgage payment
📌 You don’t gain anything in wealth through equity build-up

There are many things to consider when buying a home. However, from a purely financial aspect, if you find a home that meets your needs, buying now makes much more sense than buying next year. 📲 Let’s connect to learn more about viewing homes while following proper protocol using the Covid Safety Guidelines. 📌 Feel free to use our accurate and up to date website to search for your next home. ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam https://www.instagram.com/p/CL9we3VD70A/?igshid=ss5mzwf5t7dp

#RealEstateBuzz The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year.

Here are the year-end home price appreciation numbers from the FHFA and two other prominent pricing indexes: 
📌 Federal Housing Finance Agency House Price Index Report: 10.8% 
📌 CoreLogic Home Price Insights: 9.2% 
📌 S&P Case-Shiller U.S. National Home Price Index: 10.4%

The past year was truly a remarkable time for homeowners as prices appreciated substantially. Lawrence Yun, Senior Economist at the National Association of Realtors (NAR), reveals, “A typical homeowner in 2020, just by being a homeowner, would have accumulated around $24,000 in housing wealth.”

What will happen with home prices this year❓ 
Many experts believe buyer demand will soften somewhat as mortgage rates are poised to bump up slightly. Some also believe the inventory challenge will ease as more listings come to market this year.

Home price appreciation will be strong this year, but it won’t reach the historic levels of 2020. 📲 Let’s connect or complete the FREE and no obligation home valuation report, if you’d like to find out what your house is currently worth in our local market. ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CL7pkzQjXu1/?igshid=1mp2e7ciy2izy

#MortgageBenefits Here are four reasons why putting 20% down is a good plan if you can afford it.

1️⃣ Your interest rate may be lower.
 A 20% down payment vs. a 3-5% down payment shows your lender you’re more financially stable and not a large credit risk. The more confident your lender is in your credit score and your ability to pay your loan, the lower the mortgage interest rate they’ll likely be willing to give you.

2️⃣ You’ll end up paying less for your home.
 The larger your down payment, the smaller your loan amount will be for your mortgage. If you’re able to pay 20% of the cost of your new home at the start of the transaction, you’ll only pay interest on the remaining 80%. If you put down 5%, the additional 15% will be added into your loan and will accrue interest over time. This will end up costing you more over the lifetime of your home loan.

3️⃣ Your offer will stand out in a competitive market.
 In a market where many buyers are competing for the same home, sellers like to see offers come in with 20% or larger down payments. You are seen as a stronger buyer with financing that’s more likely to be approved. Therefore, the deal will be more likely to go through.

4️⃣ You won’t have to pay Private Mortgage Insurance (PMI)
 As mentioned earlier, when you put down less than 20% when buying a home, your lender will see your loan as having more risk. PMI helps them recover their investment in you if you’re unable to pay your loan. This insurance isn’t required if you’re able to put down 20% or more.

If you’re thinking of buying a home and are already saving for your down payment, 📲 Let’s connect so we can help you decide what fits best with your long-term plan. 📌 If you are curious on how much your mortgage payments would be with 20% down, simply use our mortgage calculator to find out. ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty https://www.instagram.com/p/CL5nMAWD6U5/?igshid=1svtdh54eaqyd

📲 Let’s connect if you want to learn more about today’s real estate market. . . . . . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CL44uEkDE11/?igshid=13y6wxbfx9ke1

#BlackHistoryMonth As we continue to celebrate Black History Month, let's continue the work toward building an inclusive and fair housing market. When we strengthen our communities through diversity, we empower everyone who has dreams of homeownership. 📲 Let’s connect to learn more about current loan programs that are available to help achieve homeownership. 📌 Your dream home awaits you! Start your search now! ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CLuYeaEDGq_/?igshid=1bimoqwycx3pf

#RealEstateBuzz According to NAR, across the country, inventory of available homes for sale is at an all-time low – the lowest point recorded since NAR began tracking this metric in 1982. There are, however, more homes expected to hit the market later this year. Let’s break down the three key places they’ll likely come from as 2021 continues on.

1️⃣ Homeowners Who Didn’t Sell Last Year
 Now that vaccines are being distributed and there’s a light at the end of the COVID-19 tunnel, it should bring some peace of mind to many potential sellers. Many of the homeowners who decided not to sell in 2020 will enter the market later this year as they begin to feel more comfortable showing their house in person, understanding their financial situation, and simply having more security in life.

2️⃣ More New Homes Will Be Built
 Last year was a strong year for home builders, and according to NAHB, 2021 is expected to be even better. “For 2021, NAHB expects ongoing growth for single-family construction. It will be the first year for which total single-family construction will exceed 1 million starts since the Great Recession.”

3️⃣ Those Impacted Financially by the Economic Crisis
 Many experts don’t anticipate a large wave of foreclosures coming to the market, given the forbearance options afforded to current homeowners throughout the pandemic. Some homeowners who have been impacted economically will, however, need to move this year. In those cases, homeowners may decide to sell their houses instead of going into the foreclosure process, especially given the equity in homes today. As we can see, it looks like we’re going to have an increase in the number of homes for sale in 2021. With fears of the pandemic starting to ease, new homes being built, and more listings coming to the market prior to foreclosure, there’s hope if you’re planning to buy this year. And if you’re thinking of selling and making a move, doing so while demand for your house is high might create an outstanding move-up option for you. 📲 Let’s connect to see how you can benefit from the opportunities available in your local market. . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty https://www.instagram.com/p/CLuSaxUjM4E/?igshid=nonjlxrubs8n

#RealEstateBuzz Rose Quint, Assistant Vice President for Survey Research with the National Association of Home Builders (NAHB), recently reported, “The number one reason long-time searchers haven’t made a home purchase is not because of their inability to find an affordably-priced home, but because they continue to get outbid by other offers.”

A survey in the NAHB report showed that 40% of buyers have been outbid for a home they wanted to purchase. This is more than twice the percentage in 2019, which was 19%. What does this mean for sellers today? It means sellers have tremendous leverage when negotiating with buyers.

Buyers have compelling reasons to purchase a home now, and many homeowners have challenges to address if they want to sell. Perhaps they can make a deal to satisfy each party’s needs. But how?

The seller may decide to sell their home to the buyer at today’s price, which will enable the purchaser to take advantage of current mortgage rates. In return, the buyer might lease the house back to the seller for a pre-determined length of time while the seller’s new home is being built. A true win-win negotiation. Not every buyer will agree to such a deal – but you only need one.

That’s just one example of how a seller might be able to overcome a challenge because of the leverage they have in today’s market. Maybe you feel a need to make certain repairs before selling. Perhaps you need time to get permits or approvals for certain upgrades you made to the house. Whatever the challenge, you may be able to work it out. If you’re considering selling your house now but worry a huge obstacle stands in your way, 📲 Let’s connect for a FREE home valuation and maybe with the leverage you currently have, you can negotiate a deal that will allow you to make the move of your dreams. . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam https://www.instagram.com/p/CLr4EOljKQu/?igshid=773838k2zd0j

#MortgageRates 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.

Many things impact mortgage rates. The economy, inflation, and Fed policy, just to name a few. That makes forecasting rates difficult. However, there’s one metric that has held up over the last fifty years – the relationship between mortgage rates and the 10-year treasury rate. The spread between the two is now 1.53, indicating mortgage rates could rise.

How high might they go in 2021? No one knows for sure. Sam Khater, Chief Economist for Freddie Mac, recently suggested, “While there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3% range for the year.”

Whether you’re a first-time buyer or you’ve purchased a home before, even an increase of half a point in mortgage rate (2.81 to 3.31%) makes a big difference. On a $300,000 mortgage, that difference (including principal and interest) is $82 a month, $984 a year, or a total of $29,520 over the life of the home loan.

Based on the 50-year symbiotic relationship between treasury rates and mortgage rates, it appears mortgage rates could be headed up this year. It may make sense to buy now rather than wait. 📲 Let’s connect to learn more about the home buying process and to find out how much houses are going for in your neighborhood. Start your search now. . . . . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate https://www.instagram.com/p/CLpLjoQDQrz/?igshid=q5ubs9e7nk5

#RealEstateBuzz 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 while buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains, “With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole, the number of for sale homes dropped below 600,000.” According to realtor.com, nationwide, inventory is 42.6% lower than it was at this time last year.

The health crisis has been a major reason why potential sellers have held off this long, but as vaccines become more widely available, homeowners will start making their moves. When you’re ready to sell your house, you’ll likely want it to sell as quickly as possible, for the best price, and with little to no hassle. If you’re looking for these selling conditions, you’ll find them in today’s market. When demand is high and inventory is low, sellers have the ability to create optimal terms and timelines for the sale, making now an exceptional time to move.

Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. 📲 Let’s connect for advice on how to sell your house safely so you’re able to benefit from today’s high demand and low inventory. Request your FREE home valuation report now. ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ https://www.instagram.com/p/CLnFU8kDPSC/?igshid=1957t7ye22gn

#MortgageRatesByDecades. 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. Your dream home awaits you! Start your search now. ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CLeumfaDoVQ/?igshid=1clqdx7lx9x7h

#JustListed Checkout the newest listings in the city of Eastvale, Chino, Norco, Jurupa Valley, Corona, and Chino Hills. 📌 View Listing Links On BIO 📲 Let’s connect to schedule a private showings. . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CLcw2qOjU4S/?igshid=1ie2z7lvhdifk

#RealEstateBuzz High buyer demand is heating up today’s housing market. If you have a vacation home that just doesn’t fit your needs anymore, this spring is a perfect time to sell while buyers have destination fever. 📲 Let’s connect to get started on the selling process. 📌 Step 1️⃣ Complete our FREE and No OBLIGATION Home Valuation Request and we will do the rest. 😀 . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CLcSp9XjB2B/?igshid=gp0ikgjp7uc8

#RealEstateBuzz Having equity in your home can dramatically impact your life. Equity is like a savings account you can tap into when you need cash. Like any other savings, you should be sensible in how you use it, though. Here are three good reasons to consider using your equity.

1️⃣ You’re experiencing financial hardship (job loss, medical expenses, etc.) 
Equity gives you options during difficult financial times. With equity, you could refinance your house to get cash that may ease the burden. It also puts you in a better position to talk to the bank about restructuring your home loan until you can get back on your feet. Today, there are 2.7 million Americans who are currently in a forbearance program because of the pandemic. Ninety percent of those in the program have at least 10% equity. That puts them in a better position to get a loan modification instead of facing foreclosure. If you’re in this position, even if you can’t get a modification, you can sell your house and walk away with your equity instead of losing the house and your investment in it.

2️⃣ You need money to start a new business
 We’ve all heard the stories about how many great American companies started in the founder’s garage. What we might not realize, however, is the garage (along with the rest of the home) supplied the start-up money for many of these companies in the form of a refinance. If you’re passionate about an idea you have for a new product or service, the equity in your home may enable you to make that dream a reality.

3️⃣ You want to invest in a loved one’s future
 It’s been a long-standing tradition in this country for many households to help pay college expenses for their children. Some have tapped into the equity in their homes to do that. 📌 Additionally, George Ratiu, Senior Economist for realtor.com, notes, “52% of Americans who bought their first home in 2020 said they got help with their down payment from friends or family. The number one lender? Their parents.” It’s safe to assume a percentage of that down payment money likely came from home equity. 📲 Let’s connect or request a FREE home valuation report to learn more about the equity you have. https://www.instagram.com/p/CLbHu5oDAy3/?igshid=1gbosmvlax82c

#RealEstateBuzz The housing market isn’t just heating up, it’s speeding up. With houses selling almost as soon as they’re available, you need to be able to move quickly and confidently through each step of the home selling process. 📲 Let’s connect for a FREE home valuation report and answer any questions you may have about today’s real estate market. . . . . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CLXPN7ZjPtW/?igshid=1jta9xruevqst