boomeragebuyers: Is SoCal Work From Home Changing Homebuyer Needs? - 08/06/20 05:23 PM
With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? Would making a move to the suburbs make more sense for my family? All of these questions are on the table for many Americans as we ride the wave of the current health crisis and consider evolving homeownership needs.
According to George Ratiu, Senior Economist for realtor.com:
“The ability to work remotely … (0 comments)

boomeragebuyers: Will SoCal See a Surge of Home Buyers Moving to the Burbs? - 07/30/20 04:43 PM
As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and outdoor space is certainly sparking some interest among homebuyers. Early data shows an initial trend in this direction of moving from urban to suburban communities, but the question is: will the trend continue?
According to recent data from Zillow, there is a current surge in urban high-end listings in some larger metro areas. The month-over-month increase in these homes going on the market … (0 comments)

boomeragebuyers: SoCal Homeownership Rate Continues to Rise in 2020 - 07/29/20 04:16 PM
So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst the many roadblocks, however, the U.S. homeownership rate rose again, signaling great strength in the recovery of the housing market and an indication that even in a time of crisis, Americans still feel confident about buying a home.
Yesterday, the U.S. Census Bureau announced:
“The homeownership rate of 67.9 percent was 3.8 percentage points higher … (0 comments)

boomeragebuyers: Guidance and Support Are Key When Buying Your First Home - 07/28/20 11:25 AM
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):
“The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending higher than the 29% to 32% average in past years since 2012.” (See graph below):

Why the rise in first-time homebuying? NAR continues to say:
“The major factor is, arguably, low mortgage rates. As of the week ended July 16, the 30-year fixed mortgage rate dropped … (2 comments)

boomeragebuyers: SoCal Buyers: Are You Ready for a Bidding War? - 07/13/20 02:33 PM
With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a disconnect between supply and demand. This imbalance is pushing home prices upward while driving more bidding wars and multiple-offer scenarios. Danielle Hale, Chief Economist at realtor.com explains:
“People are surprised that prices are rising, not falling, because in the last recession home prices fell, the difference this time is the severe shortage of homes … (0 comments)

boomeragebuyers: Taking Advantage of Homebuying Affordability in Today’s Market - 07/07/20 05:16 PM
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.
There are three main factors that go into determining how affordable homes are for buyers:
Mortgage Rates Mortgage Payments as a Percentage of Income Home Prices The National Association of Realtors (NAR), produces a Housing Affordability Index, which takes these three factors into account and determines an overall affordability … (0 comments)

boomeragebuyers: The Benefits of Homeownership May Reach Further Than You Think - 06/01/20 12:12 PM
More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.
June is National Homeownership Month, and it’s a great time to reflect on the benefits of owning your own home. Below are some highlights and quotes recently shared by the National Association of … (0 comments)

boomeragebuyers: Is It Time? Top Reasons to Own Your Home [INFOGRAPHIC] - 05/29/20 09:44 AM
Verified Reviews Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re in a position to buy, homeownership might help you find the stability, community, and comfort you’ve been searching for this year. Let’s connect today to determine if homeownership is the right next step for you and your family.  
« Economists Forecast Recovery to Begin in the Second Half of 2020 
Why Buyers Have the Upper Hand in a Down Market What is My Home Worth? To Get A Market SnapShot Click Here . Choose The Best Short Sale Agent … (1 comments)

boomeragebuyers: The CA Unemployment Rate Continues to Improve - 05/24/20 09:31 AM
5 Star Rated REALTOR #ChrisBJohnsonREALTOR
by Mark Schniepp and Ben Wright
Reposted by #ChrisBJohnsonRealtor
After rising above 18 percent for the first time in almost a century, the U.S. unemployment rate has decreased for three consecutive weeks. As of May 16th, approximately 15 percent of the workforce was unemployed.
In California, the estimated weekly unemployment rate declined to 21.7 percent.
Improvements in the unemployment rate match data showing the number of hours worked at small businesses. Employee hours had declined by as much as 56 percent during the first weeks of the Coronavirus Recession, but have steadily increased and are now only 32 percent below the … (2 comments)

boomeragebuyers: How COVID-19 Is Changing the Mortgage Market - 05/23/20 01:03 PM

 In an effort to prevent the widespread economic contraction which they knew would inevitably follow a global shutdown, the Federal Reserve lowered benchmark interest rates to zero in mid-March. At the time, mortgage lenders were inundated with rejoicing homeowners eager to take advantage of what they assumed would be rapidly falling mortgage rates. However, not only did those bargains not materialize, mortgage lending has become far tighter in the weeks that followed.
 
Whether you’ve been thinking about refinancing your home or are a buyer beginning the mortgage process, you’ll find yourself navigating an unusually challenging market. Below are insights into the current … (2 comments)

boomeragebuyers: YES! Interest Rates Hover Near Historic All-Time Lows-INFOGRAPHIC - 05/22/20 01:08 PM
Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Let’s connect to determine the best way to position yourself for a move in today’s market.  
« Experts Predict Economic Recovery Should Begin in the Second Half of the Year 
Should You Live in a Multigenerational Home?       Blog Archive The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, … (2 comments)

boomeragebuyers: Family Wealth Is The #1 Financial Benefit of Home Ownership! - 05/18/20 10:46 AM
Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor
While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is equity? The equity in your home is the amount of money you can sell it for minus what you still owe on the mortgage. Every month you … (1 comments)

boomeragebuyers: SoCal Economy, The Recovery Appears To Be Underway? - 05/18/20 10:20 AM

by Mark Schniepp and Ben Wright
The unemployment rate peaked in late April and began to improve in the first week of May.
Is this the beginning of the end for the labor market crisis? Will the re-hiring process accelerate from here? That is still a large unknown, but right now the evidence does suggest that the labor market is better today than it was yesterday.
Continuing claims for unemployment benefits are now declining for both the U.S. and California. Perhaps the Paycheck Protection Program is working to re-employ workers who were laid off in March and April. The construction industry has also returned … (2 comments)

boomeragebuyers: SoCal 2020 Homeowner Wish List INFOGRAPHIC - 05/15/20 08:19 AM
Some Highlights In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable. Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list. If you’re thinking of selling this year, having these items in your listing might make your house more desirable than ever to potential buyers.  
« Will the Housing Market Turn Around This Year? 
What is My Home Worth? To Get A Market SnapShot Click Here .  Facebook Badge Chris B Johnson
      Blog Archive ▼  2020 (105) ▼  May (12) Crystal Ball Predictions-Will … (0 comments)

boomeragebuyers: There Is No Need to Be Terrified With The Unemployment Report :) - 05/12/20 12:39 PM
Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. That pain should not be understated. However, the long-term toll the pandemic will cause should not be overstated either. There have been numerous headlines claiming the current disruption in the economy is akin to the Great Depression, and many of those articles are calling for total Armageddon. Some experts … (2 comments)

boomeragebuyers: So....Will YOUR Homes' Values Appreciate or Depreciate in 2020? - 05/11/20 12:25 PM
With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for the REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand) during this pandemic.Buyer DemandThe map below was created after asking the question: “How would you … (0 comments)

boomeragebuyers: A Day In History When American Can Returned to Work INFOGRAPHIC - 05/08/20 11:47 AM
Some Highlights Taking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today. We’re all eager for the day when every American can safely return to work. That day is coming. Timing is everything. Patience is essential. Our courage, strength, and unparalleled resilience will get us there.  
 
« Unemployment: Hope on the Horizon 
Do These Fun Things at Home to Feel Less Bored   SHARE FacebookTwitterLinkedInMore Are you looking for ways to mix up your daily routine during quarantine? Here are some ideas for things … (1 comments)

boomeragebuyers: SoCal and U.S. Homeownership Rate Rises to Highest Point in 8 Years - 05/04/20 09:54 AM
For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found a sense of comfort by slowing down and spending time at home, highlighting the feeling of security that comes with having a much-needed safe place for our families to live. The latest results of the Housing Vacancy Survey (HVS) provided by the U.S. Census Bureau shows how Americans place immense value in homeownership, and it is continuing to grow in … (2 comments)

boomeragebuyers: The SoCal Economic Recovery Starts Now: An Update - 05/04/20 08:43 AM
by Mark Schniepp   
#HousingDrivesOurEconomy        
Annualized GDP growth in the first quarter came in at -4.8 percent. The report doesn’t really provide information on the extent of the actual GDP decline that has occurred over the last 6 weeks or since mid-March.
GDP was tracking at about a 2 percent rate of growth in January and February (and likely the first 2 weeks in March). Consequently, over a two week period in which there was an abrupt and severe closure of the economy, the impact on GDP was crushing. And this has continued through April and likely will through much of May.
The … (2 comments)

boomeragebuyers: Test-Drive an LA or VC Neighborhood While Sheltering in Place INFOGRAPHIC - 05/01/20 09:49 AM
5 Star Rated REALTOR #ChrisBJohnsonREALTOR
Some Highlights Staying at home doesn’t mean your search for a new place needs to come to a standstill. Check out these tips on how to explore other neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving your living room! Let’s connect today so you have help with all of the additional steps along the way, and you’re ready to make your next move.  
« Why the Housing Market Is a Powerful Economic Driver 
We believe every family should feel confident when buying and selling a home.  What is My Home Worth? To Get … (0 comments)

 
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Chris B Johnson REALTOR®

5 Star Rated REALTOR® Quality, Not Quantity

Moorpark, CA

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Allison James Elite

Address: 587 W. LOS ANGELES AVENUE, Moorpark, California, 93021

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Your Neighborhood Market Report Mortgage Pre Approval      Time To Buy A Home The Cost Of Waiting Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®Certified Distressed Property Expert,


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