luxury home specialist: #TimeToBuy Homeownership is a Cornerstone of the American Dream
- 03/14/19 02:34 PM
“The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years. That led to speculation that homeownership was no longer seen as a major component of the American Dream. That belief became so widespread that the term “renters’ society” began to be used by some to define American consumers. However, the latest report by the Census Bureau on homeownership shows that over the last two years, the … (3 comments)
luxury home specialist: 4 Reasons to Buy a Home in the Spring #TimeToBuy #FirstTimeHomeBuyers
- 03/11/19 09:10 AM
Verified Reviews . Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate … (4 comments)
luxury home specialist: Preparing to Spring Forward #INFOGRAPHIC #5StarREALTOR #ChrisBJohnsonREALTOR
- 03/08/19 09:44 AM
Some Highlights: In the majority of the country, this weekend marks the start of Daylight Savings Time as we set our clocks forward an hour on Sunday at 2:00 AM EST. Whether you plan on buying or selling this spring, these tips could help you ‘spring ahead’ of your competition! Spring brings two things: more buyers & more sellers! Get prepared now to stand out in the crowd! ChrisBJohnsonREALTOR 5 Reasons Homeownership Makes... The Next Economic Slowdown Will NOT Crush this Rea... #TimeToSell 2 Reports That Say Now Is a Great Tim... Here Is How I Create A Unique Open House … (5 comments)
luxury home specialist: The Next Economic Slowdown Will NOT Crush this Real Estate Market #TimeToSell
- 03/07/19 09:43 AM
Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.” Their findings coincide with three previous surveys calling for a slowdown sometime in the next two years: The Pulsenomics Survey of Market Analysts The Wall Street Journal Survey of Economists The Duke University Survey of American CFOs That raises the question: Will the real estate market … (2 comments)
luxury home specialist: #TimeToSell 2 Reports That Say Now Is a Great Time to Sell #5StarREALTOR
- 03/06/19 09:47 AM
Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way! Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season! 1. National Association of Realtor’s Existing Home Sales Report Sales of existing homes were down for … (2 comments)
luxury home specialist: Here Is How I Create a Unique Open House Experience For My Sellers :)
- 03/04/19 12:44 PM
Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor According to the National Association of Realtors, total inventory has been growing for six months straight, as has the number of buyers looking to find their dream home. In a market where inventory is increasing, you want to stand out in the crowd! This quote from Grandscope puts it well: “You can differentiate from competition by WOWing or exciting customers, not just trying to compete on price.” What better way than to be creative with your Open House! Here are a few ideas for how to do this in this era of technology. 1) Facebook Live Virtual Open House … (2 comments)
luxury home specialist: #TimeToBuy The SoCal Housing Market Will “Spring Forward” This Year!
- 03/04/19 09:31 AM
Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right. Buyer demand has seasonality to it. Usually, this … (2 comments)
luxury home specialist: Home Prices Up 5.73% Across the Country! #TimeToBuy #INFOGRAPHIC
- 03/01/19 09:43 AM
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! RELAX...SoCal Home Prices Coming in for a SOFT Lan... #TimeToBuy Mortgage Interest Rates Hit New 12 Mont... #TimeToBuy What are the Benefits of Becoming a Hom... #TimeToBuy How Can I Increase My Family’s Net Wort... It's A Great Time To Buy-An Historical Perspective... 3 Tips for Making Your Dream of Buying A Home Come... … (2 comments)
luxury home specialist: RELAX...SoCal Home Prices Coming in for a SOFT Landing #TimeToBuy
- 02/28/19 10:35 AM
Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in for a soft landing. The previous housing market was fueled by an artificial demand created by mortgage standards that were far too lenient. When this demand was shut off, a flood of inventory came to market. This included heavily discounted distressed properties (foreclosures and short sales). Today’s market is totally different. Mortgage standards are tighter … (0 comments)
According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.
Freddie Mac’s Chief Economist, Sam Khater, had this to say: “Mortgage rates fell for the third consecutive week, continuing the general downward trend … (0 comments)
luxury home specialist: #TimeToBuy What are the Benefits of Becoming a Homeowner #5StarREALTOR
- 02/26/19 09:37 AM
https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/ #ChrisBJohnsonRealtor Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date important? Homeownership is not just a roof over your head! It represents shelter, stability, wealth, and pride! For decades, homeownership has been an important part of the American Dream! However, many question if the next generations see the same benefits of homeownership as their predecessors. In case we have forgotten, some of those benefits are: Non-Financial Benefits 1) Educational … (0 comments)
luxury home specialist: #TimeToBuy How Can I Increase My Family’s Net Worth? #5StarREALTOR
- 02/25/19 10:14 AM
Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter. Owning a home is a great way to build family wealth. As we’ve said before, simply put, … (4 comments)
luxury home specialist: It's A Great Time To Buy-An Historical Perspective #TimeToBuy
- 02/23/19 10:38 AM
The Cost of Buying a Home - A 50-Year Flashback The interest rate you secure when buying your home impacts more than just your monthly mortgage payment. The higher the rate, the more money you will pay for your home over the course of your loan. Let's get together to discuss how to get you in your dream home at today's historically low rates!
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luxury home specialist: 3 Tips for Making Your Dream of Buying A Home Come True #TimeToBuy
- 02/22/19 08:54 AM
Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it. Living within a budget right now will help you save money for down payments while also paying down other debts that might be holding you back. What are you willing to cut back on to make your dreams of homeownership a reality? #TimeToBuy 3 Reasons Why We Are NOT Heading Toward... #TimeToBuy Why A Normal Home Market is Just What W... 2019 Will Be a Great Year for Home Buyers AND … (1 comments)
luxury home specialist: #TimeToBuy 3 Reasons Why We Are NOT Heading Toward A Housing Crash!
- 02/21/19 09:36 AM
With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates HOME PRICES A decade ago, home prices depreciated dramatically, losing about 29% of their value over a four-year period (2008-2011). Today, prices are not depreciating. The level of appreciation is just decelerating. Home values are no longer appreciating annually at a rate of 6-7%. However, they have still increased … (3 comments)
luxury home specialist: #TimeToBuy Why A Normal Market is Just What We Need #5StarREALTOR
- 02/20/19 08:47 AM
https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/ #ChrisBJohnsonRealtor The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home prices to new heights. Home price appreciation averaged over 6% across the country. However, home price growth has recently started to cool down. The latest report from CoreLogic shows that home prices have only risen by 4.7% over the last 12 months. Many buyers and sellers planning to enter the housing market this year have started … (2 comments)
luxury home specialist: 2019 Will Be a Great Year for Home Buyers AND Sellers #5StarREALTOR
- 02/19/19 09:21 AM
Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming! NerdWallet’s 2018 Home Buyer Report revealed that: “Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers.” As we can see, buyers are optimistic! According to the report, here are … (2 comments)
luxury home specialist: #TimeToBuy Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!
- 02/18/19 10:13 AM
https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/ #ChrisBJohnsonRealtor In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have to buy a small studio apartment, but that’s how you get started.” Then he explains the secret to buying that home! … (1 comments)
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs. However, many couples are also deciding to buy a home before spending what would be a down payment on a wedding. Last year, unmarried couples accounted for 16% of all first-time buyers. If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2018, … (2 comments)
Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) For Americans approaching retirement age, one of the greatest benefits to homeownership is the added net worth they have been able to achieve simply by paying their mortgage! The Joint Center for Housing Studies at Harvard University focused on homeowners and renters over the age of 65. Their study revealed that the difference in … (2 comments)
“The rumors of my death are greatly exaggerated.”
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