Home Values & Mortgage Update for Ventura County Real Estate

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

#TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHomeandPayNoCommission

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. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve....

Click on Picture Below

Weekly Mortgage Rate Update

 

During a light week for economic data, investors were mostly focused on the Fed minutes. There were few surprises in the minutes or in the data, and mortgage rates ended the week with little change. 

THIS WEEK'S RATE TREND IS FLAT


 

 
 

How Will Home Values Fare in 2018?

The housing market has been growing at a consistent pace, but it will take another five years for it to emerge from the shadow of the Great Recession, according to experts surveyed by Zillow in its Home Price Expectations Survey.

The quarterly survey of more than 100 economists and real estate experts across the U.S. asked them to offer their expectations for growth in the U.S. Zillow Home Value Index over the next five years, as well as to offer their opinions on a series of supplemental questions related to the housing market.

The survey found that, according to the S&P/Case-Shiller U.S. National Home Price Index, home values grew at an average annual pace of 3.6 percent between 1987 and 1999. If home values had continued to grow at the same pace year-after-year, the median U.S. home would have been worth $214,500 at the end of 2017. However, as of December 2017, the median U.S. home was valued at $206,300 despite six years of an average annual home value growth of 5.3 percent during the recovery period after the Great Recession.

According to the survey panelists home values were expected to climb 4.8 percent in 2018, with annual appreciation slowing to 3.7 percent in 2019, and 2.7 percent by 2021, before accelerating to 2.8 percent annual growth by 2022.

Though the most pessimistic of them said they expected only 1.6 percent annual growth in the market, most respondents surveyed said that they expected the average annual growth rate at 3.4 percent over the next five years.

When asked how the recent passage of the new tax law impacted their overall outlook for U.S. home values over the next five years, 41 percent of panelists said their outlook was more pessimistic, compared to 31 percent who said their outlook was more optimistic.

The panelists said they expected bottom-third, entry-level home values to grow 6 percent in 2018, down from 8.5 percent annual growth currently but still double the expected pace of top-third annual home value growth, which is expected to be 3 percent in 2018, the survey found.

About Me

My photo
 

Chris B. Johnson is a REALTOR® who Specializes in Short Sale and REO Transactions. Chris has been Certified as a California Association of Realtors HAFA Specialist, a National Association of Realtors Short Sale and Foreclosure Resource, Chris B Johnson Realtor is a Certified Distressed Property Expert, Certified Short Sale Negotiator, Certified Default Advocate and Certified Pre-Foreclosure Specialist. With a full time staff dedicated to short sale negotiations and transactions, we have been successful with (almost) every short sale to date.  LinkedIn Pro    UpNest    What's Your Home Worth?

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
ar best real estate agent
top five realtors in ventura county
number 1 realtor in moorpark

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,381,897
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thanks for keeping us posted and up to date. Best of luck!

Feb 24, 2018 11:14 AM #1
Rainmaker
339,106
Chris B Johnson
Allison James Elite - Moorpark, CA
REALTOR®Quality Not Quantity #ChrisBJohnsonRealtor

Thank you Jeremy K. Frost !!

Feb 25, 2018 08:48 AM #2
Post a Comment
Spam prevention
Show All Comments

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

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

Rainmaker
339,106

Chris B Johnson

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

Additional Information