ventura county certified short sale specialist: Don’t Let Rising Rents Trap You! #ChrisBJohnsonRealtor - 12/28/15 05:41 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®  Oxnard REO Coming To Market
Don’t Let Rising Rents Trap You!  Monday December 28th, 2015  Down Payments, First Time Home Buyers, For Buyers   There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.
 
Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental Affordability Crisis”. He warns that,
“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation … (2 comments)

ventura county certified short sale specialist: Ventura County Mortgage Rate Update #ChrisBJohnsonRealtor - 12/21/15 01:56 AM
Chris B Johnson, REALTOR®   Featured Listing  Mortgage Pre Approval  Time To Buy A Home
 
Weekly Mortgage Rate Update The Fed meeting was essentially the only focus for investors over the past week. Financial markets experienced a great deal of volatility both before and after Wednesday's highly anticipated Fed announcement. The net result for mortgage rates was that they ended the week a little higher.  
THIS WEEK'S RATE TREND IS UP
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ventura county certified short sale specialist: Ventura County Short Sale Specialist #ChrisBJohnsonRealtor - 12/19/15 05:37 AM
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ventura county certified short sale specialist: Cash Is King (Again) #ChrisBJohnsonRealtor - 12/17/15 10:10 AM
Chris B Johnson, REALTOR®   Featured Listing   Oxnard REO Coming To Market   Santa Paula Home For Sale
CALIFORNIA, DECEMBER 16, 2015 – California single-family home and condominium sales fell 22.0 percent in November to 27,105, down from a revised 34,760 in October. On a year-ago basis, sales were down 3.1 percent from 27,961 in November 2014.
“ November 2015 sales marked the lowest November sales volume since 2007 ,” said Schnapp, Director of Economic Research for PropertyRadar. “It appears the new TILA-RESPA Integrated Disclosure (TRID) rules that went into effect October, 3, 2014 are artificially depressing sales due to the delay in closing.”
The November median price of … (1 comments)

ventura county certified short sale specialist: Are Interest Rates Actually Lower? #ChrisBJohnsonRealtor - 12/17/15 01:09 AM
Chris B Johnson, REALTOR®   Featured Listing   Mortgage Pre Approval      Time To Buy A Home
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ventura county certified short sale specialist: The Fed's Decision To Raise Interest Rates Does NOT Matter - 12/16/15 08:20 AM
Chris B Johnson, REALTOR®     Oxnard REO Coming To Market    Santa Paula Home For Sale
The tweet, written by CNBC reporter Diana Olick, referred to the Federal Reserve’s decision (check#FedDecision for the latest tweets) to raise the target federal funds rate by a quarter point, the first time rates have been raised in any meaningful way since 2006. The move, in the context of Federal Reserve history, may appear monumental but Diana gets the story completely right when she says it just doesn’t matter.
In our latest survey shared several hours before the Fed went public with its announcement, we found that 67% of prospective homeowners already categorized the level of today’s mortgage rates … (4 comments)

ventura county certified short sale specialist: The Fed Finally Raises Rates #ChrisBJohnsonRealtor - 12/16/15 03:44 AM
Chris B Johnson, REALTOR®   Oxnard REO Coming To Market   Santa Paula Home For Sale
The Federal Reserve made the long-awaited, much-anticipated announcement on Wednesday afternoon that federal funds target rate will increase by 25 basis points from its near-zero level where it has been since 2006.
The announcement came as the Fed wrapped its eighth and final Federal Open Market Committee (FOMC) meeting of 2015 on Wednesday afternoon. The vote was unanimous.
“The Committee judges that there has been considerable improvement in labor market conditions this year, and it is reasonably confident that inflation will rise, over the medium term, to its 2 percent objective,” the FOMC said in … (0 comments)

ventura county certified short sale specialist: Negative Equity Mean and the Housing Market in 2016 - 12/16/15 02:10 AM
Santa Paula Home For Sale  Chris B Johnson, REALTOR®   Featured Listing  Oxnard REO Coming To Market
The number of residential homes with negative equity, also referred to as being “underwater” or “upside down,” has been steadily declining in the last few years while the number of homes with equity has been on the rise.
That is a combination that bodes well not just for housing, but for the overall economy, according toCoreLogic’s Q3 2015 Negative Equity Reportreleased on Tuesday. The report found that 256,000 residential properties regained equity in the third quarter, bringing the nationwide total to about 46.3 million, which calculates to approximately 92 percent … (2 comments)

ventura county certified short sale specialist: Santa Paula Homes For Sale Open House Thrusday at 1PM - 12/14/15 02:22 AM

  
Chris B Johnson, REALTOR®  Featured Listing  Open House  Mortgage Pre Approval  Time To Buy A Home
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ventura county certified short sale specialist: Ventura County Mortgage Market Update #ChrisBJohnsonRealtor - 12/11/15 01:41 AM
Chris B Johnson, REALTOR®   Featured Listing  Mortgage Pre Approval      Time To Buy A Home
TransUnion predicts that the serious delinquency rate on mortgage loans, which is defined as the percentage of borrowers 60 or more days past due on their mortgage payments, will experience a dropoff from 2.50 percent at the end of 2015 to 2.06 percent at the end of 2016. The serious delinquency rate for mortgages has declined every quarter since hitting a peak of 6.94 percent in Q1 2010, at the height of the housing crisis.
The projected 2.06 percent rate for seriously delinquent mortgage loans would place that number in … (0 comments)

ventura county certified short sale specialist: ‘TIS THE SEASON... TO CONNECT WITH YOUR CLIENTS! - 12/08/15 08:38 AM

The holiday season can be a wonderful time to reach your clients in fun, memorable and festive ways.  Working hard during the fourth quarter to reach out to your clients can also help ensure you’ll have a great start to business in the first quarter of the new year.  Here are some of my favorite ways to connect with my network of clients during the holiday season:
 
Host a holiday-themed party or event. This Thanksgiving I had a pretty sweet idea that allowed me to see a large number of my clients without taking up too much time during what is always a … (2 comments)

ventura county certified short sale specialist: If You Have The LAND, Should You “Granny Pod”? - 12/02/15 02:36 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®  Time To Buy A Home  Featured Listing   Mortgage Pre Approval
In this day and age, it is getting more and more challenging to give our precious elderly the care and attention they need. For years they do their best to raise us, and make sure we don’t die of starvation or stupidity. In the end, don’t they deserve a little more consideration than occasional visits at a nursing home?
Introducing Med Cottages, a/k/a “Granny Pods”. These detached living quarters were designed by Reverend Ken Dupin to provide closer care and monitoring of our elderly loved ones.
They’re reminiscent … (2 comments)

ventura county certified short sale specialist: Ventura County Home Sales and Mortgage Rates #ChrisBJohnsonRealtor - 11/27/15 04:06 AM

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ventura county certified short sale specialist: Ventura County Mortgage Rate & Home Price UpDate #ChrisBJohnsonRealtor - 11/20/15 06:16 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®
  
Weekly Mortgage Rate Update Increased expectations for additional stimulus in Europe were positive for mortgage rates over the past week. The economic data and the Fed Minutes had little impact. Mortgage rates ended the week a little lower.
THIS WEEK'S RATE TREND IS DOWN   
 
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ventura county certified short sale specialist: Is Flat The New Black? #ChrisBJohnsonRealtor - 11/19/15 08:38 AM
Chris B Johnson, REALTOR®   Featured Listing       Mortgage Pre Approval      Time To Buy A Home
California’s Ho-Hum Housing Market is Disturbingly Flat and UnexcitingCALIFORNIA, NOVEMBER 18, 2015 – Seasonal forces continued to exert downward pressure on the sales of California single-family homes and condominiums. October sales fell 2.9 percent to 35,182 from a revised 36,232 in September.
On a year-ago basis, sales were nearly unchanged, down 1.0 percent from 35,541 in October 2014. When the extra business day in October 2014 is taken into account, sales were unchanged year-over-year.
Year-to-date sales through October 2015 were up 6.5 percent compared to the same period in … (0 comments)

ventura county certified short sale specialist: Job Growth, Housing, Traffic and Why Ventura County is Lagging - 11/14/15 04:44 AM
Chris B Johnson, REALTOR®   Featured Listing   Mortgage Pre Approval   Time To Buy A Home
How is YOUR local economy?Comparing how the economy is growing across regions of Southern California, I noticed that there is considerable strength in the coastal areas and in the Inland Empire, although the increase jobs created has moderated over the last couple of months.
Nevertheless, unemployment rates are at full employment in Orange, San Diego, and Santa Barbara Counties, and close to full in Ventura and the Inland Empire Counties.
Northern Los Angeles County has demonstrated considerable improvement this year, mostly in the Santa Clarita Valley. And the Antelope Valley … (0 comments)

ventura county certified short sale specialist: Is Your FHA Buyer Getting The Run Around From Their Loan Officer? - 10/27/15 01:57 AM
Loans get declined; it’s a fact of life. (statistically 33% by the big banks).
Chris B Johnson, REALTOR®     Featured Listing     Mortgage Pre Approval
But YOU should never lose a commission because a lender “drops the ball”.
 
You’ll know it intuitively…it’s accompanied by a sinking feeling in your gut, as you visualize thousands of dollars in commissions (and all future referral commissions) drain from your budget.
 
Here are the signs a deal is slipping away:
 
1) A lack of communication from the loan officer.
2) Delaying tactics, missed deadlines and conflicting statements uttered by everyone who is “CYA”ing.
3) All parties are near panic/anger/ cancelling!!!
4) The transaction is past the contingency … (2 comments)

ventura county certified short sale specialist: Home Sales Slow In September & Prices Are Down A Bit Too! - 10/21/15 07:38 AM
Chris B Johnson, REALTOR®         Featured Listing
Mortgage Pre Approval       Time To Buy #ChrisBJohnsonRealtor
CALIFORNIA, OCTOBER 21, 2015 – Seasonal forces pushed California single-family home and condominium sales down 4.3 percent to 35,629 in September from a revised 37,227 in August but were up 5.8 percent from 33,674 in September 2014. Driving the increase in year-over-year sales was the 9.4 percent increase in non-distressed property sales.
In the first three quarters of 2015, sales were up 7.1 percent compared to the same period in 2014 but remain far below 2002 through 2007 sales volumes.
“Despite the increase over 2014, when you step back and take a look … (3 comments)

ventura county certified short sale specialist: What Did We Learn From The Last Decade? Zero Down Is Back! - 10/19/15 03:40 AM
By Chris B Johnson Realtor,  Short Sale Options, Moorpark Short Sale ,
Thousand Oaks Short Sale,  Simi Valley Short Sale,  Ventura County Short Sale,
Ventura County Real Estate Market Updates  There Is No Housing Bubble              
  "Own For $0 Money Down!"
It took nearly a decade, but "owning" a house for zero money down has finally come back.
As seen on the SE corner of S Fort Apache and W Warm Springs Road in Las Vegas this morning, where the amount of new construction is off the charts, and where, as a reader notes, the builders - just like the CEO of Schlumberger - have realized … (0 comments)

ventura county certified short sale specialist: How Many Years Back Can The IRS Audit A 1099 Business? - 10/15/15 01:26 AM
Chris B Johnson, REALTOR®    Your Moorpark Neighborhood Specialists   Mortgage Pre Approval  
Time To Buy #ChrisBJohnsonRealtor     Buying a Home This Fall       Selling Your Home This Fall  
The IRS has (basically) 3 years after you file a tax return to audit you. (the state of Calif.has 4)
 
If the IRS shows up after that, you may be able to point out that the statute of limitations has run.
 
It’s better than hunting for receipts! But there are many special rules that can extend the purgatory.
 
First, the 3 years is doubled to 6 if more than 25% of your income is omitted.
 
It’s also doubled if you failed … (2 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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Allison James Elite

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

Mobile: 805.208.0823

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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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