moveuphomebuyers: With SoCal Home Values Surging, Is it Still Affordable to Buy Right Now? - 12/02/20 01:47 PM
Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained:
“Although the headwind of severe supply constraints in most markets has contributed to slight moderation in seasonally-adjusted and year-over-year new pending contract growth for two consecutive months (albeit still growing strongly), the underlying strength of buyer demand, particularly for this time of year, remains apparent.”
Whenever there’s a shortage in the supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s … (2 comments)

moveuphomebuyers: Some Key Terms to Know in the SoCal Homebuying Process [INFOGRAPHIC] - 11/28/20 11:42 AM
We believe every family should feel confident when buying and selling a home.
 
Some 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’ by putting your needs first.  
« Thank You for Your Support 
 Don’t Let Buyer Competition Keep You from Purchasing … (2 comments)

moveuphomebuyers: How Musical Chairs Is Played In Real Estate - 11/25/20 01:54 PM
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#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)

moveuphomebuyers: First Time Home Buyers, Is Buying a SoCal Home Today a Good Financial Move? - 11/25/20 11:32 AM
There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has skyrocketed the demand for home purchases.
This increase in demand, on top of the severe shortage of homes for sale, has also caused more bidding wars and thus has home prices appreciating rather dramatically. Some, therefore, have become cautious about buying a home right now.
The truth of the matter is, even though homes have appreciated by … (1 comments)

moveuphomebuyers: House Hunting Amidst Cash Buyers? - 11/20/20 03:37 PM
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#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)

moveuphomebuyers: 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)

moveuphomebuyers: 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)

moveuphomebuyers: Kalispell Real Estate Market - October 2020 - 11/06/20 10:51 AM
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#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)

moveuphomebuyers: 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)

moveuphomebuyers: 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)

moveuphomebuyers: 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)

moveuphomebuyers: 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)

moveuphomebuyers: Neighborhood of The Conservatory - Aurora CO - Market Update August 2020 - 10/13/20 10:27 AM
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#ChrisBJohnsonREALTOR,#TopProducer,
 

 
Wondering how the market is doing in The Conservatory?   Each month I do the statistics for this neighborhood to see how long homes are on the market, the number of homes sold, and how the home values are doing.  This is how you stay on top of a market shift.  Below you will find the update for this month and what is currently available.
  
Homes in The Conservatory have basements, some are finished, some have mountain views, and were built from 2002 to 2016.  There are ranch models along with two-story and multi-level homes ranging in square … (2 comments)

moveuphomebuyers: 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)

moveuphomebuyers: 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)

moveuphomebuyers: 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)

moveuphomebuyers: 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)

moveuphomebuyers: SoCal's Virtual School Is Changing Homebuyer Needs [INFOGRAPHIC] - 09/12/20 04:07 PM
Some Highlights With remote learning sweeping the nation this academic year, organized spaces with enough room for kids to learn effectively are high on buyer wish lists. If you’re trying to make room for your family’s growing needs, multi-purpose rooms and dedicated workspaces may be features to consider in your next home. Let’s connect today so you can find a home where your kids feel confident and comfortable too.  
« Homebuyer Traffic Is on the Rise 
The Dangers of Deferred Maintenance We all have those little nagging items on our “honey-do” lists that we find ourselves putting off to another day. Maybe … (3 comments)

moveuphomebuyers: SoCal Homebuyer Traffic Is on the Rise - 09/10/20 06:46 PM
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right.
ShowingTime, a leading showing software and market stat service provider for the residential real estate industry, just reported on their latest the ShowingTime Showing Index:
“Home buyer traffic jumped again in July, recording a 60.7 percent year-over-year increase in nationwide showing activity.”
That means there are 60% more buyers setting appointments to see homes than … (0 comments)

moveuphomebuyers: SoCal's Latest Unemployment Rate Falls to 8.4% - 09/09/20 02:12 PM
Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week. Though it is tough to look at this as great news when millions of Americans are still without work, the number of unemployed is currently much lower than most experts had projected it would be just a few months ago.
Not Like the Great Depression or Even the Great Recession Jason Furman, Professor of Practice at Harvard explained:
“An unemployment rate of 8.4% is much lower than most anyone would … (2 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

More about me…

Allison James Elite

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

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