timetobuy firsttimehomebuyers moveuphomebuyers 5starrealtor hyperlocal chrisbjohnsonrealtor topproducer flipandfix realestateinvestor rentalproperties: Here Are 5 Tips For Starting the Search for Your Dream Home? #TimeToBuy
- 05/20/19 09:15 AM
In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process. 1. Get Pre-Approved for a Mortgage Before You Start Your Search One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a … (0 comments)
timetobuy firsttimehomebuyers moveuphomebuyers 5starrealtor hyperlocal chrisbjohnsonrealtor topproducer flipandfix realestateinvestor rentalproperties: What is Really Happening with SoCal Home Prices? #TimeToBuy
- 05/16/19 09:51 AM
Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market have changed some opinions. Some analysts are now predicting that home value appreciation may begin to increase as we move forward. Here are three examples: Mark Fleming, Chief Economist of First American “Data on the movement of unadjusted house prices during the early spring home-buying season … (0 comments)
timetobuy firsttimehomebuyers moveuphomebuyers 5starrealtor hyperlocal chrisbjohnsonrealtor topproducer flipandfix realestateinvestor rentalproperties: SoCal Housing Is Affordable For First-Time Buyers #FirstTimeHomeBuyers
- 05/14/19 09:17 AM
Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns. The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018. NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only show the transactions reported by members … (0 comments)
timetobuy firsttimehomebuyers moveuphomebuyers 5starrealtor hyperlocal chrisbjohnsonrealtor topproducer flipandfix realestateinvestor rentalproperties: Home Buyers are Optimistic About Homeownership! #TimeToBuy
- 05/07/19 10:32 AM
https://chris-b-johnson-realtor.business.site/ When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no difference when considering a home purchase! Most homebuyers start by listening to the news to hear what is being said about the real estate market. They check with family and friends about their experience. They spend time online reading reviews about their desired neighborhood. The challenge is that comments from the news and those closest … (2 comments)
After four weeks of consecutive gains, mortgage interest rates finally reversed course, according to the latest Freddie Mac Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 4.14% for the week ending May 2, 2019, down from last week’s rate of 4.20%. A year ago, the … (4 comments)
Here is some good news for anyone looking for a house in some areas of Southern California. The housing market has finally cooled down. Not exactly icy cold but cooling somewhat. CBS2/KCAL9 reporter Jeff Nguyen spoke to some agents and real estate developers during this cooling off period. “We blew out this wall. There was a wall here before,” says Jim Likens, a real estate developer. He just remodeled a three-bedroom, two-bath condo in the San Fernando Valley. Likens said he’s been unable … (1 comments)
Why the increase in demand? Increased buying power. According to the National Association of Realtors’ Economists’ … (4 comments)
timetobuy firsttimehomebuyers moveuphomebuyers 5starrealtor hyperlocal chrisbjohnsonrealtor topproducer flipandfix realestateinvestor rentalproperties: Are Low Interest Rates Here to Stay? #TimeToBuy #PreApproval #5StarREALTOR
- 04/17/19 09:48 AM
https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/ Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’slatest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say, “Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.” To put the low … (4 comments)
timetobuy firsttimehomebuyers moveuphomebuyers 5starrealtor hyperlocal chrisbjohnsonrealtor topproducer flipandfix realestateinvestor rentalproperties: #TimeToBuy Slaying the Largest Homebuying Myths Today #INFOGRAPHIC
- 04/12/19 09:07 AM
Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on approved loans continues to fall across many loan types! Home Value Appreciation Stops Falling, Begins to S... #TimeToSell Home Buyer Demand Will Be Strong for Y... #TimeToSell Why Pet-Friendly Homes Are in High Dem... #TimeToDownSize What to Consider When Choosing You... SoCal Housing and Real Estate Market Update #TimeT... #TimeToSell Your Home’s … (3 comments)
timetobuy firsttimehomebuyers moveuphomebuyers 5starrealtor hyperlocal chrisbjohnsonrealtor topproducer flipandfix realestateinvestor rentalproperties: Buying A Home Now VS Buying Later? Mortgage Rate VS Price
- 03/30/19 10:47 AM
Since home prices bottomed around 2012/2013, they’ve surged to new all-time highs, at least nominally (not inflation-adjusted). After the housing crisis, home values lost about a decade’s worth of appreciation, but gained much of it back when real estate boomed, thanks in part to the record low mortgage rates available. Unfortunately, home prices are predicted to be fairly flat over the next several years, and mortgage rates are expected to rise in 2019 (right?). So should you buy a property now while rates are still low and home prices have foreseeable flat or even downward pressure, thanks to all that appreciation already baked in? Or should you … (4 comments)
In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared.
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