Marco Hernandez Group

05/12/2022

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What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, like there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time.

>>There Are Fewer Homeowners in Trouble
Today’s data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again.

>>Most Homeowners Have Enough Equity To Sell Their Homes
For those who are exiting the forbearance program without a plan in place, many will have enough equity to sell their homes instead of facing foreclosures. Due to...


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While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health...

05/09/2022

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How Today’s Mortgage Rates Impact Your Home Purchase

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power.

Today, the average 30-year fixed mortgage rate is above 5%, and in the near-term, experts say that’ll likely go up in the months ahead. You have the opportunity to get ahead of that increase if you buy now before that impacts your purchasing power.

>>Mortgage Rates Play a Large Role in...


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If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on ...

05/09/2022

Happy Mother’s Day to my beautiful, amazing, loving wife . God brought you into my life for the most important job, to be the amazing mother you are to our beautiful girls. Caro & Kiki have been blessed by God as he chose you to be their mother. I always say and firmly believe that “a mother’s love is unique and like no other love”. Love you my beautiful Queen! ❤️💖❣️💕

05/08/2022

Wishing all the wonderful and amazing Mother’s in the world a blessed Mother’s Day filler with health, Love and happiness. We exist because of our Mother’s Unconditional Love and devotion.
❤️

05/05/2022

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Three Tips for First-Time Homebuyers

Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.

>>Consider All Options When the Number of Homes for Sale Is Low
Today, there are far more buyers in the market than there are homes available for sale. When that happens, it’s a good idea to do what you can to increase your pool of options. Condos and townhomes are both great entryways into homeownership. When you buy either one, you can start building equity which increases your net worth and can fuel a future move.

>>Know Your Down Payment Could Be More Within Reach Than You Think
Saving for a down payment can feel like one of the biggest obstacles for homebuyers, but that doesn’t have to be the case. As NAR says, “One of the biggest misconceptions among housing consumers is what the typical down...


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Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you're looking to purchase your first home, you may be wondering what's happening in the housing market today, how much you need to...

05/02/2022

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If you're saving for a down payment, help may be out there. According to downpaymentresource.com, there are more than 2,000 down payment assistance programs available. DM me today so we can start the homebuying process and get you connected with a trusted lender who can help you explore your options.


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04/28/2022

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What You Need To Know About Selling in a Sellers' Market

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean?

The latest Existing Home Sales Report from NAR shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market territory.

When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find...


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Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably ...

04/25/2022

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What are experts saying about today's mortgage rates?

It's essential to know what experts are saying about today's rising mortgage rates. Let's connect so we can discuss why making your move sooner rather than later could be your best plan.


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04/21/2022

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In today’s unprecedented housing market, you may need to change the way you look at the asking price of a home. Frequent and competitive are creating an auction-like atmosphere where the asking price is often the floor of the negotiation. DM me to learn what you can expect as a homebuyer in our local market.


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04/18/2022

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How the Appraisal and Inspection Empower You as a Homebuyer

Even in today's competitive market, it's important not to waive an appraisal or inspection. Let's connect so you can feel empowered when you submit an offer on the home of your dreams.


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04/15/2022

If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. DM me so you can find a house that meets your changing needs and has plenty of space for you and your loved ones.