your best choice for a real estate agent serving ventura county ca: #ChrisBJohnsonRealtor: Millionaire to Millennials: Buy Now!
- 03/28/17 08:30 AM
Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate is "an escalator to wealth.” Bach went on to explain: "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter." In his bestselling book, “The Automatic Millionaire,” Bach does the math: "As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end … (0 comments)
“Sales have trended mostly sideways for eight consecutive years,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “While sales volumes appear to have hit a ceiling, prices continue to reach new heights. Lack of inventory, near record low mortgage interest rates, and increase in demand due to California’s continued economic vitality are pushing prices higher.”
HyperLocal Updates Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS® Sell, Remodel, Repair-Have Tough … (0 comments)
Parades and fireworks and clambakes. With summer in full swing, the month of July can seem to zip by. Make the most of your month with these 10 to-dos, covering everything from weekend guests to flag etiquette. Banks Design Associates, LTD & Simply Home 1. Unfurl a flag for the Fourth. Get in the Independence Day spirit by putting up … (0 comments)
Weekly Mortgage Rate Update The British vote to exit the European Union remained the primary influence on U.S. financial markets over the past week. U.S. stocks have recovered their losses, while mortgage rates have continued to improve. As a result, mortgage rates ended the week at the best levels in years. THIS WEEK'S RATE TREND IS DOWN
Market Analysis Community Info Local Schools Compare Areas Insider Tips Price Trends - Sold vs. Listed Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, … (2 comments)
What Is My Home Worth? Your Real Estate Update Pricing Your Home To Sell! HyperLocal Updates Sell, Remodel, Repair-Have Tough Questions? HyperLocal Updates Ventura County Bank Owned, REO, Short Sale & Probate Properties … (8 comments)
Featured Listing Time to Sell Your Home? Mortgage Pre Approval Neighborhood Market Report Time To Buy A Home Selling Your Home This Summer … (2 comments)
Price Trends - Sold vs. Listed Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, you'll have a good idea of … (1 comments)
your best choice for a real estate agent serving ventura county ca: Trulia Sees Markets Slowing Down While NAR Says They Are UP???
- 06/23/16 01:10 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS® Buying A Short Sale HyperLocal Updates There are signs that some of the hottest markets may be slowing down, while those slow to rebound are finally heating up. As the U.S. housing market has recovered from the Great Recession, homebuyers have been faced with declining inventory and worsening affordability. However, there are signs that some of the hottest markets on the Costly Coasts may be slowing down while slow-to-rebound markets in the Bargain Belt are finally heating up. In this edition of Trulia’s Fastest Moving Markets Report, we not only look at how fast homes are moving … (0 comments)
Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year. A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed as their home has increased in value. For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic’s report shows that only 8% of homes are in that position. The study also … (0 comments)
your best choice for a real estate agent serving ventura county ca: Thinking of Selling? 5 Reasons You Shouldn’t Go It Alone
- 06/20/16 06:08 AM
Chris B Johnson, REALTOR® Featured Listing Time to Sell Your Home? Mortgage Pre Approval Neighborhood Market Report Time To Buy A Home Thinking of Selling? 5 Reasons You Shouldn’t FSBO Monday June 20th, 2016 For Seller In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. There Are Too Many People to … (3 comments)
your best choice for a real estate agent serving ventura county ca: Sales Are Down & Prices Unchanged? Time 2 Buy... or Sell??
- 06/18/16 07:45 AM
Chris B Johnson, REALTOR® Featured Listing Time to Sell Your Home? Mortgage Pre Approval Neighborhood Market Report Time To Buy A Home Ventura County single-family home and condominium sales were up 2.2 percent from a revised 36,287 in April 2016. On a year-ago basis, sales were down 4.7 percent from 38,921 in May 2015. “Sales continue to be lackluster state-wide,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “Without an increase in affordable inventory, high prices continue to depress sales. Unfortunately, our 2016 forecast of anemic sales in the face of high prices and low inventory is shaping up to be right … (1 comments)
California May Pay You To Short Sale The Cost Of Waiting Camarillo REO Coming To Market What Is My Home Worth? Your Real Estate Update Pricing Your Home To Sell! HyperLocal Updates Sell, Remodel, Repair-Have Tough Questions? … (0 comments)
your best choice for a real estate agent serving ventura county ca: Home Prices In 2016...and now for the REST of the Story
- 04/06/16 04:18 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS® We’ve heard predictions both ways on what the housing market will look like for the rest of 2016: On one hand, some say the tight inventory combined with home price appreciation and slow wage growth will hamper affordability. Others are forecasting improvements in inventory and wage growth that will lead to a more robust housing market. What do you think home buying will look like for the rest of this year? That's a very good question. You're actually asking it at the right time because I think we are about to get into the spring selling … (0 comments)
your best choice for a real estate agent serving ventura county ca: Homes For Sale In Westlake Village & Thousand Oaks
- 04/03/16 08:54 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS® Thousand Oaks Home Values & Market Trends Thousand Oaks Condo Values & Market Trends Westlake Village Home Values & Market Trends Westlake Village Condo Values & Market Trends Agoura Home Values & Market Trends Agoura Condo Values & Market Trends Oak Park Home Values & Market Trends Oak Park Condo Values & Market Trends … (0 comments)
your best choice for a real estate agent serving ventura county ca: Do Interest Rates Have The Biggest Effect On Affordability ?
- 03/29/16 11:24 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS® One of the most important life goals for millennials across the country is home ownership. They crave a sense of community and a place where they truly belong. However, affordability plays a large role in purchasing a property and when it comes to affordability, nothing is more important than interest rates. With rates currently hovering around a five-year low, now is the ideal time for millennials to become home owners. Here’s an example of how interest rates affect affordability: In 1985 when the interest rate was 11.50%, for someone who had a budget of $1,000 per … (2 comments)
your best choice for a real estate agent serving ventura county ca: Time To Buy, Further Proof This Isn’t a Ventura County Housing Bubble
- 03/24/16 11:34 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS® Your Neighborhood Market Report Further Proof This Isn’t a Housing Bubble Thursday March 24th, 2016 First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to current incomes. Here is a graph showing the monthly mortgage payment on a median priced home in the U.S. over the last 25 years: … (0 comments)
Your Neighborhood Market Report Still A SELLER’S Market? Moorpark Short Sale HELP!! Simi Valley Short Sale HELP!! California May Pay You To Short Sale The Cost Of Waiting Oxnard REO Coming To Market What Is My Home Worth? Your Real Estate Update HyperLocal Updates Chris B Johnson, REALTOR® Featured Listing Time to Sell Your Home? Mortgage Pre Approval Neighborhood Market Report Time To Buy A Home
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your best choice for a real estate agent serving ventura county ca: Ventura County Home Prices, Values & HyperLocal Market Update
- 03/19/16 10:32 AM
Mortgage Pre Approval Neighborhood Market Report Time To Buy A Home Moorpark Home Values & Market Trends Moorpark Condo Values & Market Trends Simi Valley Home Values & Market Trends Simi Valley Condo Values & Market Trends Thousand Oaks Home Values & Market Trends Thousand Oaks Condo Values & Market Trends Westlake Village Home Values & Market Trends Westlake Village Condo Values & Market Trends Agoura Home Values & Market Trends Agoura Condo Values & Market Trends Oak Park Home Values & Market Trends Oak Park Condo Values & Market Trends Calabasas Home Values & Market Trends Calabasas Condo Values & Market Trends Newbury … (3 comments)
Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate is "an escalator to wealth.”
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