firsttimehomebuyers: 20% DOWN? 62% of Buyers Are Wrong About Down Payment Needs - 10/07/19 09:32 AM
According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:
“More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.”
When potential homebuyers think they need a 20% down payment to enter the market, they also tend to think they’ll have to wait several years (in some markets) to come up with the necessary funds to buy their dream homes. The report continues to say,
“The truth: 32% of current U.S. homeowners put 5% or less down … (0 comments)

firsttimehomebuyers: Five Homebuying Acronyms Buyers Need to Know #INFOGRAPHIC - 10/04/19 09:31 AM
Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are here to help you feel confident and informed from start to finish…and this infographic will help you as you go.
RateMyAgent VC 5 Star Rated Realtor ChrisBJohnsonRealtor on YouTube.
RateMyAgent :
Verified Reviews 
« 3 Signs the Housing Market Is on the Rebound 
What is My Home Worth? To Get A Market SnapShot Click Here .  My … (3 comments)

firsttimehomebuyers: Expectations From your Home Inspection - What to Expect When Your Buying - 10/01/19 10:08 AM
You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection.
This contingency allows you to renegotiate the price you offered for the home, ask the sellers to cover repairs, or in some cases, walk away if challenges arise. Your agent can advise you on the best course of action once the report is filed.
How to Choose an Inspector Your agent will most likely have a short list of inspectors they’ve worked with in the past to recommend … (0 comments)

firsttimehomebuyers: #TimeToBuy How Does the Supply of Homes for Sale Impact Buyer Demand? - 09/30/19 01:42 PM
The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.
Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand).
Buyer Demand The map below was created after asking the question: “How would you rate buyer traffic in your area?”The darker the blue, the stronger the demand for homes is in that area. The survey shows that in 3 of the 50 U.S. states, buyer demand is now very strong; … (0 comments)

firsttimehomebuyers: Now VS Later-What Is the Cost of Waiting Until Next Year to Buy? #INFOGRAPHIC - 09/27/19 09:16 AM
Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months. If you’re ready and willing to buy your dream home, now is a great time to buy.  
« Homeowners Are Happy! Renters? Not So Much. 
What is My Home Worth? To Get A Market SnapShot Click Here .  My Los Angeles County Real Estate BLOG   My Ventura County Real … (0 comments)

firsttimehomebuyers: SoCal Homeowners Are Happy! Renters? Not So Much #TimeToBuy - 09/26/19 03:04 PM
When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.
In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% of the respondents answered yes, while only 7% said no. The survey also revealed:
More than 80% said they wouldn’t go back to renting 88% agreed that buying a home is the “best decision they have ever made” 79% believed owning a home has changed them for the better Those surveyed talked … (0 comments)

firsttimehomebuyers: #TimeToBuy Are You Ready for the ‘Black Friday’ of Real Estate? - 09/25/19 09:06 AM
Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list of discounted must-have items to purchase. But what about buying a home? Is there a ‘Black Friday’ for the home-buying process? Believe it or not, there is.
According to a new study from, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers.
After evaluating housing data in 53 metros from 2016 to 2018, determined that the first … (0 comments)

firsttimehomebuyers: One of the Top Reasons to Own a Home #TimeToBuy - 09/20/19 02:46 PM
One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity.
If your home has appreciated since the time you purchased it, that increase in value also raises your equity. Over time, the equity in your home could be substantial. Recently, CoreLogic revealed that the average homeowner gained more than $65,000 in equity over the last 5 … (0 comments)

firsttimehomebuyers: Are You Looking To Buy? What Buyers Need to Know About HOAs - 09/19/19 09:46 AM
Accepting Offer Starting at $710,000.00
Walk Through Video:
When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you.
According to a recent article on,
“In a nutshell, an HOA helps ensure that your community looks its best and functions smoothly…The number of Americans living in homes with HOAs is on the rise, growing from a mere 1% in 1970 to 25% today, according to the Foundation for … (2 comments)

firsttimehomebuyers: #TimeToBuy Home Prices Increase in Every Price Range - 09/17/19 10:44 AM
CoreLogic’s Home Price Index (HPI) Report revealed,
“National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.”
They also analyzed four individual home-price tiers, showing the increase in each.
Here’s the breakdown: To clarify the methodology, CoreLogic explains,
“The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price), homes priced between 75% and 100% of the median (low-to-middle price), homes priced between 100% and 125% of the median (middle-to-moderate price) and homes priced greater than 125% … (0 comments)

firsttimehomebuyers: #FirstTimeHomeBuyer You Need to Avoid These After Applying for a Mortgage - 09/16/19 09:35 AM
Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how your decisions will impact your home loan.
Below is a list of Things You Shouldn’t Do After Applying for a Mortgage. Some may seem obvious, but some may not.
1. Don’t Change Jobs or the Way You Are Paid at Your Job. Your loan officer must be able to … (0 comments)

firsttimehomebuyers: Here Are 6 Graphs = Strength of the Current Housing Market #INFOGRAPHIC - 09/13/19 09:44 AM
Some Highlights: Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength of today’s market. With the national data shown here, make sure to also determine what’s happening in your local market so you are fully informed when you’re ready to make your next move.  
« What Is the Probability That Home Values Sink? 
RateMyAgent VC 5 … (2 comments)

firsttimehomebuyers: Housing Bubble? What Is the Probability That Home Values DROP? - 09/12/19 10:18 AM
With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. However, the experts disagree with this perspective.
Here is a table showing the predicted levels of appreciation from six major housing sources:As we can see, every source believes home prices will continue to appreciate (albeit at lower levels than we have seen over the last several years). But, not one source is calling for residential real estate values to … (2 comments)

firsttimehomebuyers: SoCal Home Sales Expected to Continue Increasing In 2020 #TimeToBuy - 09/09/19 12:30 PM
Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020.
Below is a chart depicting the projections of each entity for 2019, as well as for 2020.As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered selling your house recently, now may be the best time to put it on the market.
« A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] 
What is My Home Worth? To Get A Market SnapShot Click Here .  My Los Angeles County Real Estate BLOG   My … (0 comments)

firsttimehomebuyers: This Is NOT 2008 So Everybody Calm Down! #TimeToBuy - 09/05/19 10:23 AM
Last week released the results of a survey that produced three major revelations:
53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next. 57% believe the next recession will be as bad or worse than 2008. 55% said they would cancel plans to move if a recession occurred. Since we are currently experiencing the longest-ever economic expansion in American history, there is reason to believe a recession could occur in the not-too-distant future. And, it does make sense that buyers and sellers remember the horrors of 2008 when they hear the word “recession.”

firsttimehomebuyers: U Need To Know How Property Taxes Can Impact Your Mortgage Payment - 09/04/19 10:10 AM
When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area?
When applying for a mortgage, you’ll see one of two acronyms in your paperwork – P&I or PITI – depending on how you’re including your taxes in your mortgage payment.
P&I stands for Principal and Interest, and both are parts of your monthly mortgage payment that go toward paying off the loan you borrow. PITI stands for Principal, Interest, Taxes, and Insurance, and they’re all important factors to calculate when you want … (0 comments)

firsttimehomebuyers: Will Homeownership Always Be a Part of the American Dream? #TimeToBuy - 09/02/19 11:39 AM
On Labor Day we celebrate the hard work that helps us achieve the American Dream.
Growing up, many of us thought about our future lives with great ambition. We drew pictures of what jobs we wanted to have and where we would live as a representation of a secure life for ourselves and our families. Today we celebrate the workers that make this country a place where those dreams can become a reality.
According to Wikipedia,
“Labor Day honors the American labor movement and the contributions that workers have made to the development, growth, endurance, strength, security, prosperity, productivity, laws, sustainability, persistence, structure, and well-being of … (0 comments)

firsttimehomebuyers: A Recession Does Not Equal a Housing Crisis #INFOGRAPHIC - 08/30/19 11:19 AM
Some Highlights: There is plenty of talk in the media about a pending economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th. Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate. It will not be a repeat of the crash in the 2008 housing market.  
« iBuyers: What Is the “Cost of Convenience” When Selling Your Home? 
What is My Home Worth? To Get A Market SnapShot Click Here . … (2 comments)

firsttimehomebuyers: Remember These Top Priorities When Moving with Your Kids #TimeToBuy - 08/28/19 10:12 AM
According to the Pew Research Center, around 37% of U.S students will be going back to school soon and the rest have already started the new academic year. With school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.
Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR) studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found:
When Purchasing a Home The major difference between the homebuyers who have children and those who … (0 comments)

firsttimehomebuyers: How Low Can You Go? What’s the Latest on Interest Rates? - 08/27/19 09:47 AM
Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.According to Freddie Mac’s Primary Mortgage Market Survey,
“the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.”
Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,
“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”
As a potential buyer, the best thing you … (0 comments)

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

Chris B Johnson REALTOR®

5 Star Rated REALTOR® Quality, Not Quantity

Moorpark, CA

More about me…

Allison James Elite

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

Mobile: 805.208.0823

Email Me

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,




RSS 2.0 Feed for this blog