Government Shutdown, means WHAT for the Housing Market?


In the wake of the news of the Government Shutdown, consumer fear awakens.

After all, the one and only factor that separates reality from speculation is PERCEPTION!

Over 90% of residential housing depends on the Government for underwriting, insurance, and funding.  Questions have arisen as to what would happen if the IRS shutdown and became unable to verify borrowers’ incomes.  Freddie Mac issued the following clarification, “You do not need to obtain employment/ income verification prior to closing escrow if a government office providing the verification is not able to do so as a result of the temporary shutdown, nor would it be required on the same loan after the shutdown ends”. 

Most economists expect that the effects of the shutdown will be minimal, given that it is short-lived.  The most significant impact is consumer perception!  This is mainly because most of the negative effects take place during the same time in which positive effects are expected, thus balancing itself out within the same quarter of growth.  Over a year, the total would be equal to 0.3% GDP, which is nominal.

To date, consumer markets have not over reacted and overall the economy, year-to-date, has shown growth and a high demand for both residential and commercial real estate.

Historically, following a government shutdown, the feds boost consumption and federal workers’ payroll is restored.  We anticipate VA and FHA loans to continue originating, but may have some delays in respects to the underwriting and funding times.

Is It Possible to Have a Balanced Life?


“The early bird gets the worm”.

“You move; you lose.”

“I will rest when I am dead”.

“I don’t want my clients or colleagues to know that I am off today”.

All of these sound far too familiar!

Work/Life balance is difficult, but not impossible.  As your career progresses the two sometimes merge indistinguishably.  At the end of the day, it is up to us individually to take charge of our most valuable commodity…..TIME!!!  When we take on life’s challenges, be it a new job, promotion, or venture….we must weigh the costs.

What is most important to us at the end of the day?  Being in touch with your values will help you to make a sound judgment call.  Ask yourself some questions? If I were taking EXTREMELY good care of myself, what would I be doing on a regular basis?  What kind of life do I ultimately seek to create?  Who is most deserving of my best?  If I were to die tomorrow, what do I want my headstone to read, # 1 ( ? )

A philosophy professor once used pebbles, rocks, and sand to illustrate this point.

Rocks- Important things like God, family, health

Pebbles- Other things in life that matter on a smaller scale like your job, house, and car

Sand- The small stuff (everything else)

If you put the sand or the pebbles into the jar first, there is no room for the rocks.  The same applies to life!  If you spend all your energy and time on the small stuff (material things) you will never have room for the things that are truly most important. Pay attention to the things that are CRITICAL in your life.  The things that if they disappeared tomorrow….you would be completely devastated and they could NEVER possibly be replaced….you couldn’t even imagine anything even coming close to replacing them.

The moral of this story is to take care of the big rocks FIRST!  There will always be time to go to work, throw a dinner party, watch a movie, etc.  Set your priorities, for the rest is merely pebbles and sand…….


Me and KW

Coming soon to Cerritos Towne Center!

Coming soon to Cerritos Towne Center!

Usually, I’m the one helping people make a move. This time, it’s me who’s done it!
I wanted you to know that I’ve moved my Broker’s license over to a new company — Keller Williams Realty (KW). New company—SAME LEVEL OF SERVICE.

I’m excited about the possibilities that this change brings for me and YOU! Why?
* KW is #1 in agent count (more agents than any real estate co in the U.S.)
* KW is #3 in the entire WORLD
* I now have new marketing and technology tools UNPARRELLED!!!
* I now have the MOST POWERFUL platform in the industry to list, market and sell properties, taking my work with both buyers and sellers to the HIGHEST LEVEL AVAILABLE

Stay tuned and see it for yourself! ***P.S. Don’t forget to visit my Website to search all local properties or see what you home is worth – Also, please “LIKE” my new FB page too!