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Thursday, November 24, 2011
Don't forget ...we are all in this together...
Don't forget ...we are all in this together...
In one way or another, we all live for a better tomorrow ....
...and on this journey ... everyone of us, no matter where you are, who you are,
or what you do ... has come a long way...
Just take a moment to reflect...
...look where you've come from ... and for a minute stop complaining about the goals that you haven't reached, or the opportunities that you have missed... stop thinking about all the bad things and obstacles that may have made your life more difficult or at times even unbearable ...
...for a change don't complain about another same day at work ....but be gracious for the fact that you are working....
Don't complain about being too busy ...or your phone ringing all the time, but instead be gracious and happy that people care enough about you, and your existence to call and keep you busy... appreciate life, and the opportunities that it gives you to enjoy it every day...
Just take one moment to exhale and smile ... taste the lemonade you're drinking...
...and realize all the things that you have accomplished on your journey so far.... be proud of yourself and pad yourself on the shoulder ... believe me, we all deserve it ... I know, it wasn't always easy... we all felt pain and made our sacrifices ...
Last but not least, take notice of all the people who are in your life, and who
make your life now - every day.
...some of them love you, others may like you, or others for any reason just choose to interact with you... be gracious for their presence ... for their love or friendship... appreciate their smile or encouraging tone of voice...or constructive critique...
...and don't ever take love for granted, because it is not ... it is a very special blessing ... so feel privileged to be blessed!!! Also be gracious for the love you can feel and give... Always find time to kiss your mother and kiss your father... show them respect and gratitude ... for they brought you into existence and were the first people who loved and protected you... don't let them go uncertain of your love and gratitude...
Never forget, that today will never come back...
...and that you may plan for tomorrow, but living for it and letting it determine your state of mind today is an unnecessary burden....it's simple: the best you can do, is all you can do...
So no matter how busy or concerned you are, never forget to enjoy the moment, and be grateful for the simplest pleasures that life gives you ...the more you enjoy ... the more you'll develop your ability to enjoy. Trust me on this one...
But enough .... Keep up the good work ...keep fighting the good fight....and don't forget to taste your lemonade and enjoy the people who you love every day ...
We are all in this together ...all on a different journey, but at the same moment in time...
HAPPY THANKSGIVING!!!!
Rafael A. Velasquez, J.D.
President/Broker
commercial - residential
Certified REO Specialist
Licensed Real Estate Instructor
SUNSET REALTY GROUP
400 Alton Road #1209
Miami Beach, FL 33139
Cell:305.303.9098
Office:305.695.0055
Fax:305.695.6563
rvelasquez@sunsetgroup.org
www.sunsetgroup.org
From litigator to deal maker, "Taking real estate services to another level!" honest - competent - zealous
In one way or another, we all live for a better tomorrow ....
...and on this journey ... everyone of us, no matter where you are, who you are,
or what you do ... has come a long way...
Just take a moment to reflect...
...look where you've come from ... and for a minute stop complaining about the goals that you haven't reached, or the opportunities that you have missed... stop thinking about all the bad things and obstacles that may have made your life more difficult or at times even unbearable ...
...for a change don't complain about another same day at work ....but be gracious for the fact that you are working....
Don't complain about being too busy ...or your phone ringing all the time, but instead be gracious and happy that people care enough about you, and your existence to call and keep you busy... appreciate life, and the opportunities that it gives you to enjoy it every day...
Just take one moment to exhale and smile ... taste the lemonade you're drinking...
...and realize all the things that you have accomplished on your journey so far.... be proud of yourself and pad yourself on the shoulder ... believe me, we all deserve it ... I know, it wasn't always easy... we all felt pain and made our sacrifices ...
Last but not least, take notice of all the people who are in your life, and who
make your life now - every day.
...some of them love you, others may like you, or others for any reason just choose to interact with you... be gracious for their presence ... for their love or friendship... appreciate their smile or encouraging tone of voice...or constructive critique...
...and don't ever take love for granted, because it is not ... it is a very special blessing ... so feel privileged to be blessed!!! Also be gracious for the love you can feel and give... Always find time to kiss your mother and kiss your father... show them respect and gratitude ... for they brought you into existence and were the first people who loved and protected you... don't let them go uncertain of your love and gratitude...
Never forget, that today will never come back...
...and that you may plan for tomorrow, but living for it and letting it determine your state of mind today is an unnecessary burden....it's simple: the best you can do, is all you can do...
So no matter how busy or concerned you are, never forget to enjoy the moment, and be grateful for the simplest pleasures that life gives you ...the more you enjoy ... the more you'll develop your ability to enjoy. Trust me on this one...
But enough .... Keep up the good work ...keep fighting the good fight....and don't forget to taste your lemonade and enjoy the people who you love every day ...
We are all in this together ...all on a different journey, but at the same moment in time...
HAPPY THANKSGIVING!!!!
Rafael A. Velasquez, J.D.
President/Broker
commercial - residential
Certified REO Specialist
Licensed Real Estate Instructor
SUNSET REALTY GROUP
400 Alton Road #1209
Miami Beach, FL 33139
Cell:305.303.9098
Office:305.695.0055
Fax:305.695.6563
rvelasquez@sunsetgroup.org
www.sunsetgroup.org
From litigator to deal maker, "Taking real estate services to another level!" honest - competent - zealous
Friday, October 28, 2011
Bargains abound: What are buyers waiting for?
NEW YORK – Oct. 28, 2011 – With low home prices and ultra-low interest rates, the housing market now offers “perhaps the best deals of a generation,” notes a recent article by Bloomberg Businessweek.
Since the housing boom of 2006, home prices have fallen about 31 percent. Also, mortgage rates have been hovering at record lows for the past few weeks – in the 4 percent range or even lower on 30-year fixed-rate mortgages, according to Freddie Mac’s mortgage market survey.
“It’s hard to see the possibility of losing on a home purchase right now, with these mortgage rates,” says economist Dean Baker. “Prices may go lower, but not by much.”
The article notes the following scenario: Buying a $300,000 home with a 4 percent mortgage rate and a 20 percent down payment would mean a $1,145 monthly payment. The Mortgage Bankers Association recently predicted that home prices may fall another 3.5 percent by mid-2012, but mortgage rates will increase by a half-point. Under that same loan scenario, a home would sell for $289,000 while the monthly mortgage bill would be $1,171 – only a $26 difference.
For those who can qualify for a mortgage, “playing the waiting game” won’t result in much gain, Nariman Behravesh, chief economist at IHS in Englewood, Colo., told Bloomberg Businessweek.
Source: “Crazy Home Deals Await the Creditworthy,” Bloomberg Businessweek (Oct. 24, 2011)
© Copyright 2011 INFORMATION, INC. Bethesda, MD
Since the housing boom of 2006, home prices have fallen about 31 percent. Also, mortgage rates have been hovering at record lows for the past few weeks – in the 4 percent range or even lower on 30-year fixed-rate mortgages, according to Freddie Mac’s mortgage market survey.
“It’s hard to see the possibility of losing on a home purchase right now, with these mortgage rates,” says economist Dean Baker. “Prices may go lower, but not by much.”
The article notes the following scenario: Buying a $300,000 home with a 4 percent mortgage rate and a 20 percent down payment would mean a $1,145 monthly payment. The Mortgage Bankers Association recently predicted that home prices may fall another 3.5 percent by mid-2012, but mortgage rates will increase by a half-point. Under that same loan scenario, a home would sell for $289,000 while the monthly mortgage bill would be $1,171 – only a $26 difference.
For those who can qualify for a mortgage, “playing the waiting game” won’t result in much gain, Nariman Behravesh, chief economist at IHS in Englewood, Colo., told Bloomberg Businessweek.
Source: “Crazy Home Deals Await the Creditworthy,” Bloomberg Businessweek (Oct. 24, 2011)
© Copyright 2011 INFORMATION, INC. Bethesda, MD
Rate on 30-year fixed mortgage falls to 4.10%
Mortgage Rate Trend Index
WASHINGTON – Oct. 28, 2011 – The average rate on the 30-year fixed mortgage was nearly unchanged for a second straight week after rising from a record low.
Freddie Mac said Thursday that the rate on the 30-year loan fell to 4.10 percent from 4.11 percent last week. Three weeks ago, it dropped to 3.94 percent. The National Bureau of Economic Research says that’s the lowest rate ever.
The average rate on the 15-year fixed mortgage was unchanged at 3.38 percent. Three weeks ago, it hit a record low of 3.26 percent.
Low rates have done little to jolt the struggling housing market. Sales remain depressed, and home prices are still dropping in many markets.
High unemployment and declining wages have made it harder for many people to qualify for loans. Most of those who can afford to refinance already have. The number of Americans who bought previously occupied homes fell in September and is on pace to match last year’s dismal figures – the worst in 13 years.
Sales of new homes rose last month after four straight monthly declines. But the increase was largely because builders cut their prices, and it followed a peak buying season that was the worst on records going back nearly 50 years.
Many borrowers are unable to take advantage of the low rates because they can’t meet banks’ restrictive lending standards, or are unable to scrape together a down payment.
The low rates have caused a modest boom in refinancing, but that benefit might be wearing off. Most people who can afford to refinance have already locked in rates below 5 percent.
The Federal Reserve has been helped push rates lower by buying longer-dated Treasurys, such as 10-year Treasury notes. Mortgage rates tend to track the yield on the 10-year note. Buying by the Fed pulls the yield lower.
Rates have been below 5 percent for all but two weeks in the past year. Just five years ago they were closer to 6.5 percent.
The average rates don’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount. The average fee for the 30-year fixed mortgage was unchanged at 0.8 point. The average fee for the 15-year loan fell to 0.7 point from 0.8 point.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country on Monday through Wednesday of each week.
The average rate on the five-year adjustable loan rose to 3.08 percent from 3.01 percent. It hit a record low of 2.96 percent three weeks ago.
The average rate on the one-year adjustable loan fell to 2.90 percent from 2.94 percent. It fell last month to 2.81 percent, the lowest on records dating to 1984.
The average fee on the five-year adjustable loan fell to 0.5 point from 0.6 point. The average fee on the one-year adjustable loan was unchanged at 0.6 percent.
Copyright 2011 The Associated Press, Daniel Wagner (AP Business Writer). All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
WASHINGTON – Oct. 28, 2011 – The average rate on the 30-year fixed mortgage was nearly unchanged for a second straight week after rising from a record low.
Freddie Mac said Thursday that the rate on the 30-year loan fell to 4.10 percent from 4.11 percent last week. Three weeks ago, it dropped to 3.94 percent. The National Bureau of Economic Research says that’s the lowest rate ever.
The average rate on the 15-year fixed mortgage was unchanged at 3.38 percent. Three weeks ago, it hit a record low of 3.26 percent.
Low rates have done little to jolt the struggling housing market. Sales remain depressed, and home prices are still dropping in many markets.
High unemployment and declining wages have made it harder for many people to qualify for loans. Most of those who can afford to refinance already have. The number of Americans who bought previously occupied homes fell in September and is on pace to match last year’s dismal figures – the worst in 13 years.
Sales of new homes rose last month after four straight monthly declines. But the increase was largely because builders cut their prices, and it followed a peak buying season that was the worst on records going back nearly 50 years.
Many borrowers are unable to take advantage of the low rates because they can’t meet banks’ restrictive lending standards, or are unable to scrape together a down payment.
The low rates have caused a modest boom in refinancing, but that benefit might be wearing off. Most people who can afford to refinance have already locked in rates below 5 percent.
The Federal Reserve has been helped push rates lower by buying longer-dated Treasurys, such as 10-year Treasury notes. Mortgage rates tend to track the yield on the 10-year note. Buying by the Fed pulls the yield lower.
Rates have been below 5 percent for all but two weeks in the past year. Just five years ago they were closer to 6.5 percent.
The average rates don’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount. The average fee for the 30-year fixed mortgage was unchanged at 0.8 point. The average fee for the 15-year loan fell to 0.7 point from 0.8 point.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country on Monday through Wednesday of each week.
The average rate on the five-year adjustable loan rose to 3.08 percent from 3.01 percent. It hit a record low of 2.96 percent three weeks ago.
The average rate on the one-year adjustable loan fell to 2.90 percent from 2.94 percent. It fell last month to 2.81 percent, the lowest on records dating to 1984.
The average fee on the five-year adjustable loan fell to 0.5 point from 0.6 point. The average fee on the one-year adjustable loan was unchanged at 0.6 percent.
Copyright 2011 The Associated Press, Daniel Wagner (AP Business Writer). All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Thursday, October 27, 2011
Renters spend 5% more than homeowners
NEW YORK – Oct. 27, 2011 – Rising rents are forcing renters to outspend homeowners on housing costs, according to a new study.
Since 2005, homeowners’ housing expenses have climbed from 31.9 percent of their household budget to 33.2 percent. In that same time period, renters’ expenses have jumped from 35.6 percent to 38.4 percent, according to the October CoreLogic U.S. Housing and Mortgage Trends.
In the last 26 years, homeowners have increased the amount they spend on household expenses by 12 percent while renters have increased it by 22 percent, according to the study.
Earlier this month, Capital Economics economists noted that for the first time in 30 years the median monthly mortgage payment is about the same – or less – than the median rental payment.
Yet, with the bleak job market, homeownership rates continue to fall in many parts of the country, particularly among younger generations. CoreLogic found in its report that the homeownership rate for the 25-to-34 age group dropped from 51.6 percent in 1980 to 42 percent in 2010. For the 35-to-44 age group, homeownership rates fell from 71.2 percent to 62.3 percent over that period.
Source: “Renters Outspend Owners on Housing,” RISMedia (Oct. 25, 2011) and Capital Economics
© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688
Since 2005, homeowners’ housing expenses have climbed from 31.9 percent of their household budget to 33.2 percent. In that same time period, renters’ expenses have jumped from 35.6 percent to 38.4 percent, according to the October CoreLogic U.S. Housing and Mortgage Trends.
In the last 26 years, homeowners have increased the amount they spend on household expenses by 12 percent while renters have increased it by 22 percent, according to the study.
Earlier this month, Capital Economics economists noted that for the first time in 30 years the median monthly mortgage payment is about the same – or less – than the median rental payment.
Yet, with the bleak job market, homeownership rates continue to fall in many parts of the country, particularly among younger generations. CoreLogic found in its report that the homeownership rate for the 25-to-34 age group dropped from 51.6 percent in 1980 to 42 percent in 2010. For the 35-to-44 age group, homeownership rates fell from 71.2 percent to 62.3 percent over that period.
Source: “Renters Outspend Owners on Housing,” RISMedia (Oct. 25, 2011) and Capital Economics
© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688
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