709orchardst: Are You Thinking about Building a SoCal New Home? Your Agent Is Critical.
- 02/05/21 08:57 AM
Some Highlights A real estate professional is an expert who can advocate on your behalf throughout the process when building a home. Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish. If building is the right option for you, let’s connect so you have a trusted real estate professional who can help you successfully navigate the path to your dream home.
« Why Owning a Home Is a Powerful Financial Decision
New Year, New You! Blog Archive
Owning a Home Is Still More Affordable Than Renting One Financial … (0 comments)
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709orchardst: More Generations Are Living Under One Roof This Year
- 12/29/20 09:12 AM
This year challenged us to reprioritize everything – from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our extended families, near and far.
In some cases, we weren’t able to see our relatives and loved ones who were living in senior facilities. In others, maybe older children moved back home. Jessica Lautz, Vice President of Demographics and Behavioral Insights for the National Association of Realtors (NAR), says:
“A lot of families have an aging senior relative who was … (0 comments)
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709orchardst: Convirtiendo una casa en un hogar feliz
- 12/28/20 12:53 PM
Convirtiendo una casa en un hogar feliz Hablamos mucho sobre por qué tiene sentido financiero comprar una casa, pero mas a menudo nos sentimos atraídos por las razones emocionales de ser propietario de vivienda.
Sin importar el espacio vital, la sensación de un hogar puede significar diferentes cosas para diferentes personas. Ya sea cierto aroma o una silla favorita, las conexiones de sentirnos bien en nuestro hogar propio son típicamente más importantes para nosotros que las financieras. Estas son algunas de las razones por las que nos sentimos así:
1. Ser dueño de su casa es un logro que vale la pena … (0 comments)
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709orchardst: Existing Home Sales Up 25.8% Year over Year
- 12/22/20 04:08 PM
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,
#HyperLocal, #ChrisBJohnsonREALTOR,#TopProducer, #709OrchardSt, #FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,
#PreApproval
The National Association of REALTORS® reports that Existing Home Sales declined 2.5% in November from October to an annual rate of 6,690,000 units versus the 6,800,000 expected. Sales were up a whopping 25.8% from a year ago (November 2019, 5,320,000). The median home sales price for all housing types rose 14.6% to $310,800 and was the 105 straight month of annual gains. Housing inventories fell to an anemic 2.5 months of unsold supply, down 22% from last year. Lawrence Yun, NAR's chief economist said, "The latest stimulus package and with the vaccine distribution underway, and … (0 comments)
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709orchardst: 2020 Year In Review...AKA the Rear View Mirror
- 12/13/20 12:52 PM
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,
#HyperLocal, #ChrisBJohnsonREALTOR,#TopProducer, #709OrchardSt,
It is time to look back at 2020 and the year in review, also known as "The Rear View Mirror".
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Jeffrey Masich, Associate Broker, REALTOR®, … (0 comments)
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709orchardst: The SoCal Path to Homeownership [INFOGRAPHIC]
- 12/04/20 10:22 AM
By #ChrisBJohnsonREALTOR,#TopProducer BY CHRIS B JOHNSON REALTOR®
Real Estate Agent with Allison James Elite CA. BRE 01501699 EMAIL SHORT Share: December 04, 2020 REPORT #TimeToBuy #DreamHome #MoveUpHomeBuyer Some Highlights If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in the homebuying process. Let’s connect today to discuss the specific steps along the way in our local area.
« A New Way to Shop for Homes in a Virtual World
Labels: #5StarREALTOR®, #AJIBoom, #BetterThanFSBO, #BidOnHomes, #SellYourHomeForMoreandPayLess, #TimeToSell #ChrisBJohnsonRealtor, #TopProducer, #XomeAgentNetwork The information contained, and the opinions expressed, in this article are not intended to … (0 comments)
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709orchardst: SoCal Knowledge Is Power on the Path to Homeownership
- 12/02/20 04:22 PM
Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back.
Today, there are over 75 million Millennials and 67 million Gen Z’ers in the U.S., making up a significant number of both current and soon-to-be homebuyers. According to a recent Fannie Mae survey of more than 2,000 of these individuals:
“88% said they are confident they will achieve homeownership someday.”
In addition, the survey also reveals that for younger generations, the motivation … (1 comments)
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709orchardst: How Musical Chairs Is Played In Real Estate
- 11/25/20 01:54 PM
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal,
#ChrisBJohnsonREALTOR,#TopProducer, #709OrchardSt, #FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval
The November 2020 Inventory Report is ready to go, and the theme for November is “musical chairs.”
As you know, “Musical Chairs” is a party game in which players compete for a decreasing number of chairs, the losers in successive rounds being those unable to find a chair to sit on when the accompanying music is abruptly stopped.
So how does this relate to the housing market? Well, watch the video through the end. I’ll show you who the players are, what the music is, and when the hunt for chairs will come to an end!
How … (0 comments)
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709orchardst: House Hunting Amidst Cash Buyers?
- 11/20/20 03:37 PM
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal,
#ChrisBJohnsonREALTOR,#TopProducer, #709OrchardSt,
House Hunting Amidst Cash Buyers?
If you are a buyer scrambling for a home in our low inventory year end market, don't get to thinking you can't compete with cash buyers. Buyers with little or no experience doing this, might feel like giving up if they heard from their agent that the listing agent had a cash offer. Why? What is the listing agent actually saying?
Cash offers rarely do what they should do in a seller's market where inventory is limited and go in at or above list price with no contingencies. Instead, these cash buyers somehow … (2 comments)
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709orchardst: SoCal Mortgage Rates Sink to All-Time Low of 2.72%
- 11/20/20 03:28 PM
Home buyers and refinancing homeowners likely have never locked in this low of rate before for the 30-year fixed-rate mortgage. For the 13th time this year, the 30-year fixed-rate mortgage set a record low, averaging 2.72% this week, according to Freddie Mac’s records, which date back to 1971. The previous all-time low was set the week of Nov. 5, when 30-year rates averaged 2.78%.
“Weaker consumer spending data, which accounts for the majority of economic growth, drove mortgage rates to a new record low,” says Sam Khater, Freddie Mac’s chief economist. “While economic growth remains unstable, strong housing demand continues to have … (0 comments)
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709orchardst: Will SoCal Mortgage Rates Remain Low Next Year?
- 11/20/20 02:08 PM
In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates are hitting record lows, you may be wondering: Are they going to keep falling? Should I wait until they get even lower?
The Challenge with Waiting The challenge with waiting is that you can easily miss this optimal window of time and then end up paying more in the … (0 comments)
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709orchardst: Kalispell Real Estate Market - October 2020
- 11/06/20 10:51 AM
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal,
#ChrisBJohnsonREALTOR,#TopProducer, #709OrchardSt, #FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval
Following is an overview of the Kalispell Montana real estate results for the residential market as of October 2020. This report covers the entire residential market, which includes single family homes, townhouses, condominiums and manufactured homes.
The Kalispell residential market was incredibly hot this year. Activity is still very strong, but is starting to slow down a bit. See below for specifics.
Sales Volume In the month of October 2020, there were 110 residential sales in Kalispell. That result is 16% higher than the same time last year, but a third lower than the … (1 comments)
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709orchardst: Making a SoCal Home for the Brave Possible [INFOGRAPHIC]
- 11/06/20 10:37 AM
Some Highlights VA Home Loans provide unique opportunities for Veterans, active-duty personnel, and their families in recognition of their service to our Nation. For eligible individuals, options associated with VA Loans can help make the dream of homeownership a reality. If you or someone you know may benefit from a VA Loan, let’s connect to answer your questions today.
« Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of … (0 comments)
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709orchardst: Rent vs. Buy: How to Decide What’s Best for You SoCal Renter :)
- 11/03/20 12:04 PM
According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further.
While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for me to buy? The answer depends on your current situation and your future plans, so here are some thoughts to help you decide if you’re ready to own a home of your own.
1. Rent Will Continue to Increase This is one of the top reasons why renters … (0 comments)
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709orchardst: SoCal Buyer Interest Is Growing among Younger Generations
- 10/28/20 11:48 AM
The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), explains:
“Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season…I would attribute this jump to record-low interest rates and an abundance of buyers in the marketplace, including buyers of vacation homes … (0 comments)
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709orchardst: See How Down Payment Assistance Opens the Door to SoCal Homeownership
- 10/27/20 11:49 AM
Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying a home, it’s hard to make a confident decision. In fact, four in five homebuyers say they need help to understand what they can even afford in the first place. This is why finding the right professionals to help you through the process is so important.
… (0 comments)
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709orchardst: SoCal First Time Buyers, Do You Have Enough Money Saved for a Down Payment?
- 10/13/20 10:10 AM
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down.
A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home over the next 12 months. The study notes, “88% say they have significantly less savings than the average national down payment amount, which is $62,600.”
Thankfully, $62,600 is not the amount every buyer needs for a down payment in the United States. There are many different options available, … (0 comments)
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709orchardst: A SoCal Homeowner’s Net Worth Is 40x Greater Than a Renter’s
- 10/07/20 04:22 PM
One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market.
Every three years the Survey of Consumer Finances shows the breakdown of how owning a home helps build financial security. In the graph below, we see that the average net worth of homeowners continues to grow, while the net worth of renters tends to hold fairly steady and be significantly lower than … (3 comments)
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709orchardst: Home Builder Confidence Hits All-Time Record
- 09/23/20 06:55 PM
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes.
As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back.Looking at the three-month moving averages for HMI scores, confidence increased in every region of the country:
The Northeast increased 11 points to 76 The … (5 comments)
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709orchardst: The Cost of a SoCal Home Is Far More Important than the Price
- 09/22/20 12:36 PM
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported:
“Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”
Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year.
This is great news if you’re planning to sell your … (0 comments)
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Some Highlights A real estate professional is an expert who can advocate on your behalf throughout the process when building a home. Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish. If building is the right option for you, let’s connect so you have a trusted real estate professional who can help you successfully navigate the path to your dream home. 
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