Ventura County Millennial Homeowners!! It May Be #TimeToSell

By
Real Estate Agent with Allison James Elite CA. BRE 01501699

#TimeToSell #ChrisBJohnsonRealtor 

Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home.

Hey, Millennial Homeowners!! It May Be Time to Sell | MyKCM

Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise.

Many Millennials took advantage of post housing crash prices and the First-Time Homebuyers’ Tax Credit and jumped into homeownership in 2010. If you are one of these buyers, now may be the time to sell for many reasons. Here are a few:

1. Equity Build-Up

Home prices have been on the rise since the beginning of 2012 and your house may have appreciated by more than you think. ATTOM Data Solutions, in their Q2 2017 U.S. Home Sales Report revealed that:

“…homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase — the highest average price gain for home sellers since Q2 2007, when it was $57,000.

The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27 percent.”

2. Projected Home Price Increases

If you just got married or just found out you are about to become a parent, you may have plans to move up a bigger home or perhaps move to a different area. Waiting to buy a more expensive home in this market probably doesn’t make sense. The experts contacted for the Home Price Expectation Survey are projecting home prices to increase by nearly 5% over the next year. Yes, your house’s price will increase but not as much as a home currently valued higher than yours.

3. Projected Interest Rate Increases

The Mortgage Bankers’ AssociationFreddie Mac, Fannie Mae and the National Association of Realtors are each projecting mortgage rates to increase over the next year.

Higher PRICES + Higher INTEREST RATES = LARGER MORTGAGE PAYMENTS.

Bottom Line

If you are lucky enough to be one of those Millennials who purchased a house in 2010 (or even later), now might be the perfect time to move up to the home of your dreams!

 

 

 

https://drive.google.com/file/d/0Bzia-m_p1JFMMVMzSGZFdmNYV28/view?usp=sharing

http://chrisbjohnson.neighborhood.report/

http://chrisbjohnson.valuedagent.com/

http://www.simivalleyshortsalehelp.com

http://www.simivalleyshortsalespecialists.com

http://www.simplifyingthemarket.com/?a=97822-26df5ea08f8689012df0225866ae0bf1

https://www.linkedin.com/today/author/chrisbjohnson

https://www.linkedin.com/pro/chrisbjohnson

http://www.linkedin.com/in/chrisbjohnson

http://activerain.com/profile/chrisbjohnson

http://activerain.com/blogs/chrisbjohnson

http://www.trulia.com/profile/ChrisBJohnsonRealtor

http://www.UpNest.com/re/real-estate-agent/1742704075/Chris-B-Johnson

https://www.youtube.com/c/ChrisBJohnsonRealtor

http://chrisbjohnsonrealtorluxuryhomes.blogspot.com/

http://www.google.com/+ChrisBJohnsonRealtor

http://www.google.com/+ChrisBJohnsonRealtorMoorpark

http://www.google.com/+ChrisbjohnsonrealtorMoorparkShortSaleRealtor

http://www.facebook.com/ChrisBJohnsonRealtor

http://www.ChrisBJohnsonRealtor.com

http://www.twitter.com/CBJRealtor

http://moorparkshortsalespecialist.com/

http://moorparkshortsalespecialist.com/short-sale-decision-maker/

http://venturacountyshortsalerealtor.wordpress.com/
http://venturacountyshortsalespecialist.com

http://venturacountyshortsalespecialist.theshortsaleguide.com

http://www.facebook.com/VenturaCountyShortSaleRealtor

http://www.facebook.com/MoorparkShortSaleSpecialist

http://www.facebook.com/StopForeclosureVenturaCounty

Posted by

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
California Ventura County
Tags:
luxury home specialist
ventura county homes for sale
short sale specialist
your best choice for a realtor in ventura county ca
find bank owned reo homes
number 1 realtor in moopark
ar best real estate agent
top five realtors in ventura county

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
351,832

Chris B Johnson

REALTOR®Quality Not Quantity #ChrisBJohnsonRealtor
Is it Too Late to Short Sell My Home??
*
*
*
*
Spam prevention

Additional Information