Mortgages are like puzzles. I enjoy solving those puzzles and providing a clear path to a healthy financial future for all of my clients.
After getting my Bachelor's degree in Public Relations, I spent 15 years in the mortgage industry before joining the Commerce Home Mortgage team. I learned my work philosophy from my father when I was young. I once asked him why he left for work half an hour before he needed to. He told me he wanted to make sure he'd get there on time, no matter what happened. I always strive to have that same sense of responsibility and urgency whenever I am working with a client.
Outside of work, I have a devotion to service and a thirst for adventure. I am a private pilot and an advanced scuba diver. My wife and I enjoy feeding our friends experiencing homelessness or hardship every Saturday at the Crossroads Church in Costa Mesa, California.
As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?
Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac:
We must also realize that, to a degree, the current run-up in prices is the market trying to catch up after a crash that dramatically dropped prices for five years.
Prices are appreciating at levels greater than historic norms. However, we are not at the levels that led to the housing bubble and bust.