Will Ventura County Home Prices Fall as Mortgage Rates Rise #TimeToBuy

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....

Will Home Prices Fall as Mortgage Rates Rise? | MyKCM

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.

However, some prominent experts in the housing industry doubt that home values will be negatively impacted by the rise in rates.

Mark FlemingFirst American’s Chief Economist:

“Understanding the resiliency of the housing market in a rising mortgage rate environment puts the likely rise in mortgage rates into perspective – they are unlikely to materially impact the housing market…

The driving force behind the increase are healthy economic conditions…The healthy economy encourages more homeownership demand and spurs household income growth, which increases consumer house-buying power. Mortgage rates are on the rise because of a stronger economy and our housing market is well positioned to adapt.”

Terry LoebsFounder of Pulsenomics:

“Constrained home supply, persistent demand, very low unemployment, and steady economic growth have given a jolt to the near-term outlook for U.S. home prices. These conditions are overshadowing concerns that mortgage rate increases expected this year might quash the appetite of prospective home buyers.”

Laurie GoodmanCodirector of the Housing Finance Policy Center at the Urban Institute:

“Higher interest rates are generally positive for home prices, despite decreasing affordability…There were only three periods of prolonged higher rates in 1994, 2000, and the ‘taper tantrum’ in 2013. In each period, home price appreciation was robust.”

Industry reports are also calling for substantial home price appreciation this year. Here are three examples:

Bottom Line

As Freddie Mac reported earlier this year in their Insights Report“Nowhere to go but up? How increasing mortgage rates could affect housing,”

“As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”

Homes VA Approved and For Sale In Oxnard, 2021 E Bard RD Oxnard CA 93033 Appraised for $375,000, IS Remodeled Refreshed VA Approved & Ready for move in 😊

YouTube:  https://youtu.be/etWEBTGEgpE

MLS Link: https://www.flexmls.com/share/1VVqr/2021EBardRDOxnardCA93033  

ActiveRain: http://activerain.com/droplet/5bHK

Xome: https://www.xome.com/homes-for-sale/2021-E-Bard-Road-Oxnard-CA-93033-240289931

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?

 

 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Posted by

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California Ventura County
Tags:
luxury home specialist
ventura county homes for sale
your best choice for a realtor in ventura county ca
ar best real estate agent
top three realtors in ventura county
number 1 realtor in moorpark camarillo

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
351,548
Chris B Johnson
Allison James Elite - Moorpark, CA
REALTOR®Quality Not Quantity #ChrisBJohnsonRealtor

Homes VA Approved and For Sale In Oxnard, 2021 E Bard RD Oxnard CA 93033 Appraised for $375,000, IS Remodeled Refreshed VA Approved & Ready for move in 😊

YouTube:  https://youtu.be/etWEBTGEgpE

MLS Link: https://www.flexmls.com/share/1VVqr/2021EBardRDOxnardCA93033  

Web Address: http://2021bard.ihousenet.com/

ActiveRain: http://activerain.com/droplet/5bHK

Xome: https://www.xome.com/homes-for-sale/2021-E-Bard-Road-Oxnard-CA-93033-240289931

May 31, 2018 11:17 AM #1
Rainmaker
1,101,580
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

It is a great feeling to sell home and see how happy new owners with the purchase. Especially with agent like you, Chris B Johnson 

May 31, 2018 03:57 PM #2
Rainmaker
351,548
Chris B Johnson
Allison James Elite - Moorpark, CA
REALTOR®Quality Not Quantity #ChrisBJohnsonRealtor

Thank you!...and right back at you Evelina Tsigelnitskaya !!

May 31, 2018 04:26 PM #3
Rainmaker
351,548
Chris B Johnson
Allison James Elite - Moorpark, CA
REALTOR®Quality Not Quantity #ChrisBJohnsonRealtor

Remodeled, Refreshed and Ready for move in! This College View Community Townhome has Appraised for $375,0000 and is exactly what you have been looking for. As you walk into the open living room you will be warmed with the Morning Sun which draws you into the Dining area and back into the completely updated Kitchen with marble counter tops, new stainless steel sink, Whirlpool Oven Range and Microwave. Brand New carpet leads you upstairs where you find two bedrooms with a peaceful view and The Master Bedroom with it’s private, ensuite master bath. Three closets in the Master will give you more than enough room for her, his…and more of her clothes! There is plenty more storage upstairs and down. All the bathrooms have been updated with new cabinetry, granite counter tops and fixtures. You have a Private Patio behind the kitchen which adds to the Open Feel of the Home. Your detached, direct access 2 car garage is large enough to fit most SUV’s and pickup’s and has plenty of storage for your “extra” toys.  College View Town Homes is private community with lush landscaping, generous common areas and separate swimming pool and spa. Great for families as small pets are welcome too! Ample guest parking is available and you are within walking distance of the Elementary School, High School and Oxnard College. You have easy, nearby Highway Access and are close to Military Bases, Shopping, Multi-Cultural Grocery, Retail and Eateries. The Beach and Hiking Trails are a short drive away. Priced to Sell, this home will be gone before you know it so call for a showing!

Homes VA Approved and For Sale In Oxnard, 2021 E Bard RD Oxnard CA 93033 Appraised for $375,000, IS Remodeled Refreshed VA Approved & Ready for move in 😊

YouTube:  https://youtu.be/etWEBTGEgpE

MLS Link: https://www.flexmls.com/share/1VVqr/2021EBardRDOxnardCA93033  

ActiveRain: http://activerain.com/droplet/5bHK

Xome: https://www.xome.com/homes-for-sale/2021-E-Bard-Road-Oxnard-CA-93033-240289931

Jun 16, 2018 11:35 AM #4
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
351,548

Chris B Johnson

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

Additional Information