Friends, Family & Clients,
There appears to be great news for current homeowners and not the best news for first time buyers. A report be CoreLogic shows that the current mortgage delinquency rate is now at pre-pandemic levels. Mortgage delinquencies in October of 2021 are 3.8%. The mortgage delinquency rate before the pandemic in October of 2017 was 3.7%. Mortgage Delinquency is defined by being late by thirty or more.
There are several reasons to purchase a house even during this extreme Seller's Market. The best reason is if you have a house to sell and want to purchase a smaller home or larger one. Relocation dictates a move and owning is a better option than renting in most instances. Another reason to buy a home at this time is the devaluation of the dollar. The dollar is worth less and less each and everyday so investing in a home or investment property could be quite advantageous.
The most important thing to consider when choosing a Realtor include knowledge, professional, ability and most importantly; are your best interest being served. We have been in business together since 1979 and in real estate since 1996. We have survived the ups and downs due to the friendship and loyalty given us by our past clients.
Call or Text us at 661-510-7975 or Email us SCVTony@gmail.com anytime, day or night. We are here to serve your best interest as always. Questions or Concerns? Reach out to us.
Presented by your Friends & Realtors Tony & Dani Lewis Summit Real Estate
Call or Text us at 661-510-7975 www.TonyLewis.com SCVTony@gmail.com Offices in Valencia & Alisa Viejo, California - Serving Southern California