top of page
Typing

Home Loan News..

Finding Opportunity During These Challenging Times

Writer's picture: Michael BelforMichael Belfor

Covid-19 has caused a virtual economic shutdown to stop its spread and preserve health. We will defeat this virus and our economy will begin to recover. The economic slowdown will likely cause home values to take a modest dip over the short term. But this should be viewed as an opportunity.

Just prior to the pandemic, the housing market was hot – It wasn’t uncommon to see multiple offers on the same home. Sales were at their best levels in 13 years, and every metric was favorable. There’s simply more demand than homes for sale. And the supply of homes will remain tight, while the population numbers are continuously growing. Household formations will steadily rise into the future because they are reflective of rising birth rates from the 1980’s.

While we understand that there may be a short-term decline in activity, it could provide just the right opportunity to purchase a home at a good price. During the economic recovery, it is likely that housing will lead the way.

Remember that homeownership is usually a long-term investment, with the average length of stay in the home being 10-years. And there is a good chance that the purchase of a home today will result in a very happy outcome in the future.


Reach out to us to get prequalified.

234 views0 comments

Recent Posts

See All

Comments


The Belfor Team

Mortgage Banker

Branch Manager

NMLS 264700

CA DRE 01878769 
SF.415.231.0900

OC. 949.468.0012

equal housing lender.png

​ NMLS CONSUMER ACCESS LINK: NMLS #1850

Privacy Policy APM Privacy Policy 

APM Disclosure Policy
 

Belfor Team/American Pacific Mortgage - 30011 Ivy Glenn Dr. Ste 221 – Laguna Niguel – CA 92677. NMLS 398359.

© 2020 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Licensed by the Dept of Financial Protection and Innovation under the CRMLA. Licensed in CA. CA DRE #01215943. NMLS 1850. Equal Housing Opportunity.

SMS Disclosure:

By providing a telephone number and submitting the form you are consenting to be contacted by SMS text message (our message frequency may vary). Message & data rates apply. Reply STOP to unsubscribe from further messaging. Reply HELP for more information. See our Privacy Policy.

Privacy Policy for Communication Phone/Email/SMS:

We do not share data with third parties for marketing/promotional purposes.

By submitting your phone number to The Belfor Team at American Pacific Mortgage, you are authorizing a representative of our company to send you text messages and notifications. Message frequency may vary. Message/data rates apply. Reply STOP to unsubscribe to a message sent from us, and HELP to receive help.

bottom of page