timetobuy: Is The Housing Affordability Crisis REAL?? - 08/16/19 10:15 AM
It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home that matters, but the price relative to a purchaser’s buying power.
Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a … (0 comments)

timetobuy: $oCal Benefits of Growing Equity in Your Home - 08/14/19 03:34 PM
Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for homeowners.
1. Move-Up Opportunity With the rise in prices, homeowners naturally experience an increase in home equity. According to the Homeowner Equity Insights from CoreLogic,
“In the first quarter of 2019, the average homeowner gained approximately $6,400 in equity during the past year.”
This increase in profit means if homeowners … (0 comments)

timetobuy: Confidence in Housing at an All-Time High for Americans #TimeToBuy - 08/12/19 10:07 AM
Fannie Mae just released the July edition of their Home Purchase Sentiment Index(HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions.
Great News! The index reached its highest level since Fannie Mae began their survey. Breaking it down, the report revealed:
The share of Americans who say it is a good time to buy a home increased from the same time last year. The share of those who say it is a good time to sell a home … (0 comments)

timetobuy: Rent Vs. Own #INFOGRAPHIC #TimeToBuy - 08/11/19 06:05 PM
Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space. Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord. Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you! My Los Angeles County Real Estate BLOG   My Ventura County Real Estate BLOG
#363BentTwig  Investor Fix & … (0 comments)

timetobuy: The Sky's NOT Falling-Why All the Chicken Littles Should Calm Down - 08/10/19 05:49 PM
The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership.
The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in 2004. The Census Bureau reported that the second quarter of 2019 ended with a homeownership rate of 64.1%, which is down from the 64.8% rate for the fourth quarter of 2018. Based on this news, some started to question the consumer’s belief in the idea of homeownership … (2 comments)

timetobuy: Costly Mistake of Not Buying Now, Advice From Millionaire 2 Millennials - 08/05/19 10:24 AM

On his personal website, self-made millionaire David Bach makes a striking statement:
 “Not prioritizing homeownership is the single biggest mistake millennials are making.” 
He further stated, “Buying a home is an escalator to wealth.”
Bach explains:
“Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none.”
He then elaborates on the game of homeownership:
“Start by crunching the numbers…actually do the math…This way, you’re really clear on your goals and you won’t just say to yourself, ‘I’ll never afford this!’
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timetobuy: Is Our Bubble About To Burst? How to Judge the Impact of the Next Economic Slowdown on Housing - 08/01/19 10:47 AM
We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur?
Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market analysts surveyed believe the next recession will occur by the end of next year. Here’s the breakdown:
9% believe a recession will occur this year 50% believe it will occur in 2020 35% believe it will occur in 2021 6% believe it will occur after 2021 When asked what … (0 comments)

timetobuy: Want To Increase Your Equity Over the Next 5 Years? - 07/30/19 09:04 AM
Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.
Here are the results from the Q2 2019 Survey:
Home values will appreciate by 4.1% in 2019 The average annual appreciation will be 3.2% over the next 5 years The cumulative appreciation will be 16.8% by 2023 Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023 What does this mean for you? A substantial portion of family wealth comes from home equity. … (0 comments)

timetobuy: Are You doing It WRONG? 8 Real Estate Investing Mistakes to Avoid - 07/29/19 01:52 PM

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timetobuy: Home Prices Up 5.05% Across the Country #INFOGRAPHIC - 07/26/19 08:45 AM
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!  
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timetobuy: Three Powerful Reasons You Should Buy a Home Now #TimeToBuy - 07/25/19 10:20 AM
Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today.
1. Affordability Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past year, they assume homes are less affordable. However, affordability is determined by three components:
Price Wages Mortgage Interest Rate Prices are up, but so are wages – and interest rates have recently dropped dramatically (see #2 below). As a result, the National Association of Realtors’ (NAR) latest Affordability Index report … (0 comments)

timetobuy: 3 Stats You Need to Know: Mid-Year Housing Market Update - 07/24/19 10:03 AM
Shifting trends and industry-leading research are pointing toward some valuable projections about the status of the housing market for the rest of the year.
If you’re thinking of buying or selling, or if you just want to know what experts are saying is on the horizon, here are the top three things to put on your radar as we head into the coming months:
Home prices are appreciating at a more normal rate: Home prices have been appreciating for about ten years now. Experts at the Home Price Expectation Survey, Mortgage Bankers Association, Freddie Mac, and Fannie Mae are forecasting continued growth throughout the next year, although … (0 comments)

timetobuy: Here's What "The Experts" are Saying About the Current Housing Market - 07/23/19 09:32 AM
We’re halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019.
Here’s what some have to say: Danielle Hale, Chief Economist at realtor.com
“Lower mortgage rates, higher wages and more homes for sale have helped counteract rising home prices, and ultimately, made it so that buyers are able to afford more than last year.”
“Our outlook implies 4% growth for the remaining months of the year, predicated on…more supply than last year, the decline in mortgage rates, moderating home price appreciation and … (1 comments)

timetobuy: There IS A Cost to Waiting: Interest Rates Edition #INFOGRAPHIC - 07/19/19 09:25 AM
Some Highlights: Interest rates are projected to increase steadily heading into 2020. The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be. Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home! What is My Home Worth? To Get A Market SnapShot Click Here  Facebook Badge Chris B Johnson
   Blog Archive ▼  2019 (192) ▼  July (15) Surprising Profile of the Real Estate Investor #Fi... What a Difference a Year Makes for Sellers #TimeTo... Mortgage Rates Continue Down Should I Refinance My... Home … (0 comments)

timetobuy: Mortgage Rates Continue Down, Should I Refinance My Home? - 07/16/19 09:27 AM
With the recent lower interest rates, many homeowners are wondering if they should refinance.
To decide if refinancing is the best option for 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:
Lower your interest rate and payment – This is the most popular reason. If you have a 5% interest rate or higher, it might be worth seeing if you can take advantage of the current lower interest rates, hovering below 4%, to reduce your monthly payment and overall cost of … (0 comments)

timetobuy: First Time Home Buyers Is Your First Home Now Within Your Grasp? #INFOGRAPHIC - 07/12/19 10:25 AM
Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!  
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     Blog Archive ▼  2019 (186) ▼  July (9) Americans’ Believe in Homeownership as a Powerful ... #TimeToSell 4 Tips to Sell Your Home Faster #SellY... #TimeToBuy 5 Powerful Reasons to Own Instead of Re... It's … (0 comments)

timetobuy: Americans’ Believe in Homeownership as a Powerful Investment - 07/11/19 09:15 AM
The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment.
This coincides with a recent Gallup survey of Americans which revealed that real estate was their number one choice for the best long-term investment when compared to stocks, savings accounts or gold.
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timetobuy: Happy 4th of July! Did You Know, Millennials Are Increasing the Demand for Condominiums - 07/04/19 10:22 AM
When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium!
According to CoreLogic,
“Last year about 43% of all condo home-purchase mortgage applications were submitted by FTHBs… Similarly, the data show condos were more popular with young homebuyers and empty nesters. For instance, 21% of all condo home-purchase mortgage applications were submitted by buyers aged 18 to 30, compared with just 17% of all single-family home-purchase mortgage applications by the same … (2 comments)

timetobuy: #FirstTimeBuyers Know What to Expect at Your Home Inspection - 06/27/19 09:24 AM
So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection.
This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or in some cases, to walk away. 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 that they have worked with in the past that they can recommend … (0 comments)

timetobuy: #FindYourDreamHome Before You Look for Your Dream Home: Know Wants vs. What Needs! - 06/26/19 09:51 AM
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.
If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.
Do you really need that farmhouse sink in the kitchen to be happy with … (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

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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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