RE/MAX Accord
MIGUEL VELAZCO, MBA Realtor®_CAL_BRE_License#:001361531

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Real Estate Market Watch 04-13-2015

From the desk of Miguel Velazco, MBA

Week of: Monday, April 13, 2015

Present Market Conditions: Monday's bond market has opened in positive territory, staying in tune with stocks. The major stock indexes are starting the week with minor gains but closed lower. The bond market is currently up (10 Yr Treasury at 1.93%), which should improve this morning's mortgage over Friday's morning pricing. There is nothing of relevance scheduled for release today that is expected to influence mortgage rates. However, the rest of the week brings us the release of eight economic reports that have the potential to affect bond trading and mortgage rates. We also have round two of corporate earnings releases that can significantly impact the stock markets and help direct funds into or away from bonds. Strong earnings reports should fuel a stock rally that pressures bonds and leads to higher mortgage rates. On the other hand, disappointing earnings news should make bonds more attractive and lead to rate improvements. 

Expectations: The Commerce Department will start this week's activities with the release of March's Retail Sales data early tomorrow morning. This piece of data gives us a measurement of consumer spending, which is very important because consumer spending makes up over two-thirds of the U.S. economy. Forecasts are calling for a 1.0% increase in sales from February to March. If we see a larger increase in spending, the bond market will likely fall and mortgage rates will rise as it would indicate consumers are spending more than thought, fueling economic growth. However, a weaker than expected level of sales could push bond prices higher and mortgage rates lower tomorrow.Also early tomorrow morning, the Labor Department will post March's Producer Price Index (PPI). It will give us an important measurement of inflationary pressures at the producer level of the economy. There are two portions of the report that analysts watch- the overall reading and the core data reading. The core data is more important to market participants because it excludes more volatile food and energy prices. If it shows rapidly rising prices, inflation fears may hurt bond prices since it erodes the value of a bond's future fixed interest payments and cause the Fed to raise rates sooner, leading to higher mortgage rates. A good size decline in prices would be good news for the bond market and mortgage rates. Current forecasts are calling for a 0.2% increase in the overall reading and a 0.1% rise in the core data.

Guidance: Overall, the most important reports are tomorrow's Retail Sales and Friday's CPI (Consumer Price Index) index, but Wednesday's Beige Book could cause volatility if it shows significant changes from the last revision. We believe we will see the most movement in mortgage rates either tomorrow or Friday. However, we need to keep a close eye on the stock markets for mortgage rate direction also. With corporate earnings getting pretty busy this week, we may see stocks get fairly active, possibly influencing bond movement and mortgage rates. Therefore, with so much on this week's calendar, We strongly recommend maintaining contact with us.

Have a great week.

~MIGUEL

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What my clients are saying  

Miguel is an excellent professional; he is the best real estate agent that I could have known. I met him a in the middle of my plans to sell my home. He was a rare to find personality on these days. He is a very dynamic person and never leaves behind what can be done now. He is very efficient, totally results-oriented. He gave me the best orientation before, during and after the sale of my home. My right arm. He was always pending of each step to be taken, the promotion, the offers, the deadlines and terms of the sale, the inspections, the Title Office, the contract, closing the sale, there was not a moment when he did not stop orienting me. And of course thanks to him I sold my house above the price originally offered and in less than a month. If you don't hire Miguel for the sale of your house, forgive me, but you're a fool.”

 

~ gaproano (Zillow Review)

“...I have employed the services of Miguel Velazco as listing agent. He is a true Professional. ...I have never had a smoother transaction from listing to end of sale ever. Anyone using Miguel’s services would be very fortunate.” ~Easter Jestadt [84 years young]”

 

~ SENIOR TRANSITIONS

------------------------------------------ WHAT OUR CLIENTS ARE SAYING “...REAL COMMITMENT AND CARING… HEARTFELT GRATITUDE...” D.N. CEO ? -- ? “...EXCEPTIONAL SERVICE...IT’S A DELIGHT TO WORK WITH HIM AND HIS TEAM …” S.C. CEO ? -- ? “...I CAN RECOMMEND HIM VERY HIGHLY AND WITHOUT RESERVATION...” L.B. PhD. --

 

~ MORE REFERENCES

APRIL 2015 SAN RAMON SELLERS "...It is our immense please to recommend Miguel Velazco to anyone looking to buy or sell a home. ...aggressive marketing campaign,... team of talented individuals,... masterful marketing strategy,... he kept us apprised throughout the entire process and made certain the entire process is pleasant for us the seller,... thanks to the magic work of Miguel Velazco..."

 

~ PHILLIP & MARISSA - SAN RAMON SELLERS

RE: Recommendation letter To whom it may concern: It is a genuine pleasure and honor for me to recommend Miguel Velazco Sr., MBA, a wealth builder-Realtor. In today’s global interconnected world, Miguel possesses unique well-rounded attributes transitioning from residential to commercial Real estate sales. Miguel’s office has a fascinating blend of multi-cultural and multi-lingual real estate team. He is highly educated, he understands real estate Legal, Ethical, Marketing, and Win-Win Negotiations; he is able to manage complicated challenging transactions with intelligence. Miguel provides exceptional service; it is a delight to work with him and his team. I always recommend Miguel to my close friends and corporate clients all over the US territory. If you have any further questions I can be reached direct via email at: scui@silicastar.com Sincerely, Shulin Cui, CEO SilicaStar

 

~ RECOMMENDATION LETTER FROM A CEO

To: Mr. Miguel Velazco RE/MAX Dear Miguel, On behalf of my mother, sister and myself, I want to thank you so much for your undying efforts to sell our property from our family trust. My mother has peace of mind & she is thrilled. We knew from the start this property would be a difficult sale due to its condition and the mitigating circumstances surrounding it. You never wavered in your efforts to sell it, and you did everything in your power to administer the terms of the sale as we requested. To your credit, you never asked us to accept an offer or terms we were not comfortable with like so many other realtors might have done just to accomplish a quick sale. Every decision you helped us make was with our best interest at heart. Your honesty, professionalism, and determination set you apart from other agents in your field. Thank you Miguel, we will never sell another property without your representation. Sincerely, Diana Wyllie [DWyllieEnt@aol.com] Irene Liranzo Sandra Seat

 

~ PROBATE

Recently I contacted Miguel's team in order to sell my home. Although market adverse value/condition of house, Miguel's team not only sold my home at a price I was comfortable with but the team did it all inside of 39 days from listing to close! They are very organized, knowledgeable and detail oriented. I would not even consider attempting another real estate transaction without them.

 

~ Country Club

"I have not found another Agent that is half the quality... he is the asset you want on your side. MIGUEL is a prompt and efficient "go getter". I have used him twice to sell and purchase a home and our last sale took just 35 days from list to close. THE TEAM is extremely knowledgeable about what needs to happen and when, he is also not afraid to push if others are falling behind. For any person expecting professionalism in their Realtor. The Meltzers"

 

~ Relocation

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