multigenerationalbuyers: 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)
multigenerationalbuyers: 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)
multigenerationalbuyers: 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)
multigenerationalbuyers: Interruptions-Today’s Expert Insight on the Housing Market INFOGRAPHIC
- 04/24/20 12:16 PM
BY CHRIS B JOHNSON REALTOR® Some Highlights According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise. Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. Let’s connect so you can better understand your home’s value today. « Uncertainty Abounds in the Search for Economic Recovery Timetable
Why Buyers Could Have the Upper Hand in a Down Market Were you shopping for a new home when the coronavirus crisis started? Have you put your homebuying dreams on hold out of fear the financial market will take an even bigger turn for the … (2 comments)
multigenerationalbuyers: REALTOR Technology is Helping Buyers Navigate the Home Search Process INFOGRAPHIC
- 04/17/20 08:44 AM
Some Highlights: A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person. While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process. Let’s connect today to determine how technology can help power your home search. « Today’s Homebuyers Want Lower Prices. Sellers Disagree. #HomeBuyingDeals #BeatTheRush #SellForMoreAndPayLess #NoHousingBubble #RecordUnEmployment #ReadyToSell #HomeOffice #REALTORTech #ChrisBJohnsonRealtor #TimeToSell #FirstTimeBuyers #HousingRecovery #AJIBoom #TimeToBuy #HomeBuyingStimulus #GoodRealEstateAdvice Your Home, Your Investment SHARE FacebookTwitterLinkedInMore Researching a property before you buy and increasing your home’s value through home-improvement projects will help … (1 comments)
multigenerationalbuyers: Mortgage Rates Are Almost At A Record LOW #TimeToBuy!!
- 04/16/20 07:08 PM
The housing sector is going through a major upheaval because of the coronavirus, but that won’t necessarily translate to lower mortgage rates The coronavirus outbreak may be casting a shadow over the U.S. housing market, but that doesn’t mean slowing home sales will push mortgage rates lower. Mortgage rates remained near another record low for the third straight week. If a new low comes, it may not be because the U.S. housing market is struggling. The 30-year fixed-rate mortgage averaged 3.31% during the week ending April 16, representing a decline of two basis points from a week ago, Freddie Mac FMCC, +10.44% reported Thursday. A … (5 comments)
multigenerationalbuyers: Everybody Wants A "Deal" Today’s Homebuyers Want Lower Prices. Sellers Disagree.
- 04/16/20 09:21 AM
The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price. According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions: 1. “Have any of your sellers recently reduced their … (4 comments)
multigenerationalbuyers: Can SoCal Housing Rebound? Think This Is a Housing Crisis? Think Again.
- 04/15/20 08:29 AM
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country. Let’s look at five … (0 comments)
multigenerationalbuyers: Recession? Yes. Housing Crash? No, Time To Buy? YES!!
- 04/13/20 02:37 PM
With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” COVID-19 hit the pause button on the American economy in the middle of March. Goldman Sachs, JP Morgan, and Morgan Stanley are … (6 comments)
multigenerationalbuyers: Five Vital Tips for First-Time Home Buyers
- 04/04/20 11:17 AM
Buying your first home is equivalent to embarking on a grand adventure. Although extremely thrilling, learning the ins and outs of the process can often seem overwhelming. From determining a budget to obtaining a loan, there are numerous factors to take into consideration along the way. Keep these five tips in mind throughout the journey.
Check your credit score Your credit score impacts various aspects of your life, especially when it comes to buying a house. It’s a determining factor in being approved for a loan with a low interest rate. Credit Karma offers free credit reports with monitoring, which can help you catch … (2 comments)
multigenerationalbuyers: Predicting the Future? What Are the Experts Saying About Real Estate?
- 04/02/20 06:56 PM
As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over. Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with … (2 comments)
multigenerationalbuyers: The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year
- 04/01/20 01:19 PM
The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008. One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp … (2 comments)
multigenerationalbuyers: How Far Your Dollar Goes And The Economic Impact of Buying a Home
- 03/31/20 03:07 PM
We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home. We’re all being impacted in different ways by the effects of the coronavirus. If you’re in a position to buy a home today, know that you’re … (2 comments)
multigenerationalbuyers: Is The Best Advice Necessarily The Perfect Advice AND Should It Be?
- 03/30/20 12:25 PM
The angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want exact information about anything we’re doing – even the correct protocol for grocery shopping. That information brings knowledge, and this gives us a sense of relief and comfort. If you’re thinking about buying or selling a home today, the same need for information is very real. But, because it’s such a big step in our lives, that desire for clear information is even greater in the homebuying or selling process. Given the current level of … (0 comments)
multigenerationalbuyers: What You Can Do to Keep Your Dream of Homeownership Moving Forward [INFOGRAPHIC]
- 03/27/20 08:35 AM
Some Highlights: Don’t put your homeownership plans on hold just because you’re stuck inside. There are several things you can do right now to keep your home search moving forward. Connect with an agent, learn about resource programs for things like down payments, and get pre-approved today. « Don’t Let Frightening Headlines Scare You
What is My Home Worth? To Get A Market SnapShot Click Here . Facebook Badge Chris B Johnson #BailOut #StayCalm #ReFi #2020HomeValues COVID19Recession #HousingBubble #StopForeclosure #HomeBuying #HousingValues #MortgageRates #FirstTimeHomeBuyers #TimeToBuy Blog Archive ▼ 2020 (65) ▼ March (23) First Impressions of the Congressional Rescue Pack... Stay Calm And Don’t Let Frightening Headlines Scar... Interest Rates Are Low, Is Now a Good Time … (0 comments)
multigenerationalbuyers: Interest Rates Are Low, Is Now a Good Time to Refinance My Home?
- 03/25/20 06:02 PM
With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: 1. Lower Your Interest Rate and Payment: This is the most popular reason. Is your current interest rate higher than what’s available today? If so, it might be worth seeing if you can take advantage of the current lower rates. 2. Shorten the Term of … (1 comments)
multigenerationalbuyers: Here's Why the Stock Market Correction Probably Won’t Impact Home Values
- 03/24/20 04:14 PM
With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and 2009 – but that was because that economic slowdown was mainly caused by a collapsing real estate market and a meltdown in the mortgage market. This time, the stock market correction … (4 comments)
multigenerationalbuyers: COVID19 And Economic Slowdown: What the Experts Are Saying
- 03/23/20 09:07 AM
More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” Bill McBride, the founder of Calculated Risk, believes we are already in a recession: “With the sudden economic stop, and with many states shutting down by closing down schools, bars and restaurants…my view is the US economy is now in a recession (started … (4 comments)
#ChrisBJohnsonRealtor https://chrisbjohnsonrealtor.allisonjamesinc.com/ask/f3dbcb3921f86f5ee5557c696489bc96 5 Star Rated REALTOR #ChrisBJohnsonREALTOR https://youtu.be/p4-VfR1DJNA Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor https://youtu.be/CRCXLh4EycU https://biteable.com/watch/sell-for-more-pay-less-chrisbjohnsonrealtor-1959786/afffdc699004f8b15891489c4de17b4cbd4e3a75 https://biteable.com/watch/xome-super-seller-1954842 https://www.ratemyagent.com/real-estate-agent/chris-b-johnson-xu316/reviews http://www.VCNeighborhoodValues.com http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.php http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/ https://ajirealestate.com/chris-johnson/ http://my.flexmls.com/ChrisBJohnsonRealtor IDX https://www.xome.com/auctions/agent-listings/Chris-Johnson/11009531 https://www.idealestate.co/profile/76080/profile https://www.simplifyingthemarket.com/en/?a=97822-26df5ea08f8689012df0225866ae0bf1 https://www.linkedin.com/today/author/chrisbjohnson https://www.linkedin.com/in/chrisbjohnson/detail/recent-activity/posts/ https://www.linkedin.com/pro/chrisbjohnson http://www.linkedin.com/in/chrisbjohnson https://activerain.com/profile/chrisbjohnson https://activerain.com/blogs/chrisbjohnson https://www.youtube.com/c/ChrisBJohnsonRealtor http://chrisbjohnsonrealtorluxuryhomes.blogspot.com/ https://moorpark-short-sale-specialist.business.site https://chris-b-johnson-realtor.business.site/ https://g.page/Chris-B-Johnson-Realtor/ http://www.facebook.com/ChrisBJohnsonRealtor http://www.ChrisBJohnsonRealtor.com http://www.twitter.com/CBJRealtor https://www.pinterest.com/chrisbjohnsonre/ https://www.instagram.com/chrisbjohnsonrealtor/ … (7 comments)
multigenerationalbuyers: COVID19 And A Recession Does Not Equal a Housing Crisis
- 03/20/20 12:52 PM
Some Highlights The COVID-19 pandemic is causing an 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. All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008. « Are We About to See a New Wave of Foreclosures? What is My Home Worth? To Get A Market SnapShot Click Here . #TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal, #ChrisBJohnsonREALTOR,#TopProducer,#FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval, My Los Angeles County Real Estate BLOG My Ventura County Real Estate BLOG BuyersWalkThrough #363BentTwig Investor Fix & Flip-Bidding … (1 comments)
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)
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