boomeragebuyers: Crisis YES! But Here Are Three Reasons Why This Is Not a Housing Crisis - 03/18/20 08:49 AM
In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms.
1. The Market Today Is Vastly Different from 2008 We all … (0 comments)

boomeragebuyers: Two Big Myths in the Homebuying Process - 03/17/20 02:12 PM
The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals:
“The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.”
Unfortunately, the myths surrounding the barriers to homeownership – especially those related to down payments and FICO® scores – might be keeping many buyers out of the arena. The piece also reveals:
“Millennials have to navigate a lot of obstacles to be able to own a home. According to our 2020 survey, saving … (0 comments)

boomeragebuyers: Impact of the Coronavirus on the U.S. Housing Market - 03/16/20 01:33 PM
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world.
With all this uncertainty, how do you make powerful and confident decisions in regard to your real estate plans?
The National Association of Realtors (NAR) anticipates:
“At the very least, the coronavirus could cause some people to put home sales on hold.”
While this is an understandable approach, it is important to balance that with … (2 comments)

boomeragebuyers: Really? Mortgage Rates Rise, Taking a Surprising Turn - 03/14/20 01:47 PM
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After hitting a record low last week, rates reversed course this week and inched up. Rates still remain at “extraordinary levels,” Freddie Mac said in its weekly rate report.
The 30-year fixed-rate mortgage climbed from last week’s 3.29% record low average to 3.36% this week.
“As refinance applications continue to surge and lenders work to manage capacity, the 30-year fixed-rate mortgage ticked up from last week’s all-time low,” says Sam Khater, Freddie Mac’s chief economist. “Mortgage rates remain at extraordinary levels and many homeowners are smartly weighing their options to refinance, potentially saving themselves money.”
Lenders Keeping Mortgage Rates From … (2 comments)

boomeragebuyers: #TimeToBuy - Do You Know the Home Buyers Lingo? INFOGRAPHIC - 03/13/20 08:37 AM
Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’  
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boomeragebuyers: Yes, You Can Still Afford a Home #TimeToBuy - 03/12/20 02:32 PM
The residential real estate market has come roaring out of the gates in 2020. Compared to this time last year, the number of buyers looking for a home is up 20%, and the number of home sales is up almost 10%. The increase in purchasing activity has caused home price appreciation to begin reaccelerating. Many analysts have boosted their projections for price appreciation this year.
Whenever home prices begin to increase, there’s an immediate concern about how that will impact the ability Americans have to purchase a home. That thinking is understandable. We must, however, realize that price is not the only element … (0 comments)

boomeragebuyers: Planning and Confidence Are the Keys to Success for Young Homebuyers - 03/11/20 09:12 AM
Buying your first home can seem overwhelming. Thankfully, there’s a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to buy, here are three things to consider sooner rather than later in your journey:
1. Understand What it Takes to Purchase a Home Overall, Millennials make up the largest group of homebuyers in today’s real estate market, and Gen Z is not too far behind. A recent study shared by Freddie Mac shows, however, that Generation Z isn’t as confident in the homebuying process as Millennials. The best thing potential young … (0 comments)

boomeragebuyers: Building Permits Are Up & New Homes Coming to the Housing Market This Year - 03/09/20 05:18 PM
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a 9.2% increase from December.
How will this impact buyers?
New inventory means more options. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explained how this is good news for the housing market – especially for those looking to buy:
“More construction will mean more housing inventory for consumers in the … (0 comments)

boomeragebuyers: What Is The Impact of the Coronavirus on the U.S. Housing Market - 03/05/20 11:15 AM
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world.
With all this uncertainty, how do you make powerful and confident decisions in regard to your real estate plans?
The National Association of Realtors (NAR) anticipates:
“At the very least, the coronavirus could cause some people to put home sales on hold.”
While this is an understandable approach, it is important to balance that with … (1 comments)

boomeragebuyers: WoHoo! Real Estate Is Soaring, But Not Like 2008 - 03/04/20 05:34 PM
Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed:
“The housing market is heating entering 2020 and recent rate declines could continue that trend, a sharp contrast to the strong cooling that was seen at this same time last year.”
Zillow revealed they’re also seeing a robust beginning to the year. Jeff Tucker, Zillow Economist, said:
“Our first look at 2020 data suggests that we could see the most competitive home shopping season in years, as buyers are already competing over…homes for sale.”
Buying demand is very strong. The latest Showing Index from ShowingTime reported a 20.2% year-over-year … (0 comments)

boomeragebuyers: Here Is How Your Tax Refund Can Move You Toward Homeownership This Year - 03/03/20 09:19 AM
If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year.
Based on data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing their taxes this year.
The map below shows the average tax refund Americans received last year by state:According to programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae, many first-time buyers can purchase a home with as little as 3% down. Truth be told, a 20% down payment is not always required to buy … (0 comments)

boomeragebuyers: Rate Cut!! How Interest Rates Can Impact Your Monthly Housing Payments - 03/03/20 08:53 AM

Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor.
Freddie Mac explains:
“If you’re in the market to buy a home, today’s average mortgage rates are something to celebrate compared to almost any year since 1971…
Mortgage rates change frequently. Over the last 45 years, they have ranged from a high of 18.63% (1981) to a low of 3.31% (2012). While it’s not likely that the average 30-year fixed … (0 comments)

boomeragebuyers: You Need To Know These 10 Steps to Buying a Home #TimeToBuy! - 02/28/20 08:49 AM
Some Highlights:
If you’re thinking of buying a home and you’re not sure where to start, you’re not alone. Here’s a guide with 10 simple steps to follow in the homebuying process. Be sure to work with a trusted real estate professional to find out the specifics of what to do in your local area.
 
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#363BentTwig  Investor Fix & Flip-Bidding … (2 comments)

boomeragebuyers: Should I Buy a Home This Year? YES!! YES!! YES!! - 02/27/20 07:15 PM
With home prices rising, homebuyers have the opportunity to gain significant wealth through their home equity. Let's connect to get you on the path to homeownership.
 
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boomeragebuyers: Over The Next 10 Years, How Much “Housing Wealth” Can You Build? - 02/27/20 05:41 PM
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.
Below are three graphs depicting the most important data revealed in the study.
How much have home prices increased? One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home.
What … (2 comments)

boomeragebuyers: There Is Opportunity in the Luxury Market This Year - 02/24/20 10:41 AM
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Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from first-time buyers looking for starter homes. It looks like buyer activity, however, is starting to show a shift in this segment.
According to the January Luxury Report from the Institute for Luxury Home Marketing (ILHM):
“In a snapshot of 2019, despite pessimism at the start of the year, the … (0 comments)

boomeragebuyers: First Time HomeBuyers, The #1 Misconception in the Homebuying Process - 02/23/20 02:44 PM
After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned out to be a short-lived mirage as buyers came back into the market and more than erased the inventory gains. As a natural reaction, the recent slowdown in home values looks like it’s set to reverse back.” CoreLogic, in their January 2020 Market Pulse Report, agrees with Olsen, projecting home value appreciation … (0 comments)

boomeragebuyers: How Expensive is YOUR loan? Interest Rates Over Time [INFOGRAPHIC] - 02/21/20 10:22 AM
Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.  
« The #1 Misconception in the Homebuying Process 
What is … (1 comments)

boomeragebuyers: Reasons to Fall in Love with Homeownership [INFOGRAPHIC] - 02/17/20 05:43 PM
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Some Highlights:
There are many benefits to love about homeownership, and they’re not all financial. Being a part of a neighborhood, driving academic achievement, and improving mental health are just a few of these advantages. Let’s get together today to determine if you’re ready to embrace the rewards of owning your own home.  
« How the Housing Market Benefits with Uncertainty in the WorldThe Overlooked Financial Advantages of Homeownership »  
 
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(1 comments)

boomeragebuyers: All The Overlooked Financial Advantages of Homeownership - 02/17/20 05:17 PM
There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater stability, savings, and predictability.1. You Won’t Always Have a Monthly Housing PaymentAccording to a recent article by the National Association of Realtors (NAR):“If you’ve been a lifelong renter, this may sound like a foreign concept, but believe it or not, … (0 comments)

 
Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity (Allison James Elite)

Chris B Johnson REALTOR®

5 Star Rated REALTOR® Quality, Not Quantity

Moorpark, CA

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

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