Simi Valley Short Sale Specialist

Simi Valley Short Sale Specialist

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Posted in Buying Short Sales In Simi Valley, Principal Reduction Help, Real Estate, Short Sale, Simi Valley Home Price Updates, Simi Valley Short Sale Help, Simi Valley Short Sale Process, Simi Valley Short Sale Realtor, Simi Valley Short Sale Specialist, Stop Foreclosure Auction, Uncategorized, Ventura County Short Sale Help | Tagged , , , , , , , , , | Leave a comment

#TimeToSell #HyperLocal #ChrisBJohnsonRealtor Baby Boomers are Downsizing, Are You Ready to Move?

BY 

Real Estate Agent with Allison James Elite CA. BRE 01501699

#SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHome&PayNoCommission #BetterThanFSBO #5StarREALTOR®

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

Baby Boomers are Downsizing, Are You Ready to Move? | MyKCM

For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame?

Here’s what some of the experts have to say on the subject:

Aaron Terrazas, Senior Economist at Zillow, says that “Boomers are healthier and working longer than previous generations, which means they aren’t yet ready to sell their homes.

According to a study by Realtor.com85% of baby boomers indicated they were not planning to sell their homes.

It is true that baby boomers are healthier and are thus working and living longer, but are they also refusing to sell their homes? 

Last month, Trulia looked at the housing situation of seniors (aged 65+) today compared to that of a decade ago. Trulia’s study revealed that:

Although seniors appear to be delaying downsizing until later in life, as a group, households 65 and over are still downsizing at roughly the same rate as in years past.”

Trulia also explains that, 

5.5% of households 65 and over moved, pretty evenly split between moves to single family (2.7%) and multifamily (2.4%) homes. In 2005these percentages were virtually the same, with 5.5% of senior households moving, including 2.5% into single family and 2.5% into multifamily homes.”

So, if these percentages are the same, what is the challenge?

Recent reports tell us that the older population grew from 3 million in 1900 to 47.8 million in 2017.

In addition, the Census recently revised the numbers from their National Population Projections:

The aging of baby boomers means that within just a couple decades, older people are projected to outnumber children for the first time in U.S. history…By 2035, there will be 78.0 million people 65 years and older compared to 76.7 million under the age of 18.

Bottom Line

If you are a baby boomer who is not sure whether you should downsize or move to a warmer climate (other people are doing it, why not you?), let’s get together so we can help you evaluate your options today!

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.

https://biteable.com/watch/embed/ratemyagent-vc-5-star-rated-realtor-chrisbjohnsonr-1983086/2a01dc131ad505f4411ac860c242e7ed9b39b46e

RateMyAgent VC 5 Star Rated Realtor ChrisBJohnsonRealtor on YouTube.

Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor https://youtu.be/CRCXLh4EycU https://biteable.com/watch/embed/sell-your-home-for-more-for-more-and-pay-less-usin-1980138/4e80dfa1372e82542fc73ed61f9be168e45187f2?autoplay=1

Sell Your Home For More For More and Pay Less Using A 5 Star Rated REALTOR®.

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Posted in Buying Moorpark Short Sales, Buying Short Sales In Simi Valley, Buying Ventura County Short Sales, Camarillo Short Sale Help, Foreclosure Help, Homes For Sale In Oxnard, Oxnard Real Estate, Condos and Townhomes For Sale In Oxnard, Homes For Sale In Ventura County, Ventura County Real Estate, Condos and Townhomes For Sale In Ventura County, #T, Loan Modification, Moorpark Short Sale, Moorpark Short Sale Help, Moorpark Short Sale Realtor, Moorpark Short Sale Specialist, Newbury Park Short Sale Help, Oxnard Homes For Sale, Oxnard Real Estate, Ventura County Homes For Sale, Ventura County Real Estate, Principal Reduction Help, Real Estate, Santa Rosa Valley Short Sale Help, Short Sale, Simi Valley Home Price Updates, Simi Valley Short Sale Help, Simi Valley Short Sale Process, Simi Valley Short Sale Realtor, Simi Valley Short Sale Specialist, Stop Foreclosure Auction, Thousand Oaks Homes For Sale, Thousand Oaks Short Sale Help, Thousand Oaks Short Sale Specialist, Uncategorized, Ventura County Short Sale Help, Westlake Village Short Sale Help | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

#TimeToBuy #HyperLocal #ChrisBJohnsonRealtor

BY 

Real Estate Agent with Allison James Elite CA. BRE 01501699

#5StarREALTOR®

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

Pre-Approval: Your 1st Step in Buying a Home | MyKCM

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you through this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential homebuyers overestimate the down payment and credit scores necessary to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so.

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.

https://biteable.com/watch/embed/ratemyagent-vc-5-star-rated-realtor-chrisbjohnsonr-1983086/2a01dc131ad505f4411ac860c242e7ed9b39b46e

RateMyAgent VC 5 Star Rated Realtor ChrisBJohnsonRealtor on YouTube.

https://biteable.com/watch/embed/sell-your-home-for-more-for-more-and-pay-less-usin-1980138/4e80dfa1372e82542fc73ed61f9be168e45187f2?autoplay=1

Sell Your Home For More For More and Pay Less Using A 5 Star Rated REALTOR®.

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Posted in Buying Moorpark Short Sales, Buying Ventura County Short Sales, Camarillo Short Sale Help, Foreclosure Help, Homes For Sale In Oxnard, Oxnard Real Estate, Condos and Townhomes For Sale In Oxnard, Homes For Sale In Ventura County, Ventura County Real Estate, Condos and Townhomes For Sale In Ventura County, #T, Loan Modification, Moorpark Short Sale, Moorpark Short Sale Help, Moorpark Short Sale Realtor, Moorpark Short Sale Specialist, Newbury Park Short Sale Help, Oxnard Homes For Sale, Oxnard Real Estate, Ventura County Homes For Sale, Ventura County Real Estate, Principal Reduction Help, Real Estate, Santa Rosa Valley Short Sale Help, Short Sale, Simi Valley Home Price Updates, Simi Valley Short Sale Help, Simi Valley Short Sale Process, Simi Valley Short Sale Realtor, Simi Valley Short Sale Specialist, Stop Foreclosure Auction, Thousand Oaks Homes For Sale, Thousand Oaks Short Sale Help, Thousand Oaks Short Sale Specialist, Uncategorized, Ventura County Short Sale Help, Westlake Village Short Sale Help | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

#TimeToBuy #HyperLocal #ChrisBJohnsonRealtor Mortgage Rates Jump to 7-Year High, Weaker Housing Market To Follow?

BY 

Real Estate Agent with Allison James Elite CA. BRE 01501699

#5StarREALTOR®

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

Mortgage rates

© REALTOR® Magazine

Weekly Mortgage Rate Update

The 30-year fixed-rate mortgage hasn’t averaged this high since 2011, as it inches closer to the 5 percent threshold.

“Rising rates paired with high and escalating home prices is putting downward pressure on purchase demand,” says Sam Khater, Freddie Mac’s chief economist. “While the monthly payment remains affordable due to the still low mortgage rate environment, the primary hurdle for many borrowers today is the down payment and that is the reason home sales have decreased in many high-priced markets.”

Freddie Mac reports the following national averages with mortgage rates for the week ending Oct. 11:

  • 30-year fixed-rate mortgages: averaged 4.90 percent, with an average 0.5 point, rising from last week’s 4.71 percent average. Last year at this time, 30-year rates averaged 3.91 percent.
  • 15-year fixed-rate mortgages: averaged 4.29 percent, with an average 0.4 point, rising from last week’s 4.15 percent average. A year ago, 15-year rates averaged 3.21 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 4.07 percent, with an average 0.3 point, rising from last week’s 4.01 percent average. A year ago, 5-year ARMs averaged 3.16 percent.
Source:

After years of red-hot home sales and rapidly rising prices, California will experience “a weaker housing market in 2019,” with fewer transactions and the smallest price gains in years, according to a statewide industry group.

This year’s house sales are expected to drop for the first time in four years, falling 3.2 percent from 2017 levels, said a California Association of Realtors forecast, released Thursday, Oct. 11. Next year, sales will drop even further, falling another 3.3 percent.

And while buyers waiting for price drops will be disappointed, sellers won’t reap the type of gains they’ve become accustomed to. House prices are projected to rise just 3.1 percent next year, less than half the appreciation rate for the past five years.

“I don’t think it comes as any surprise that we’re seeing a slowing in the market,” CAR’s Chief Economist Leslie Appleton-Young said.

Specifically, Realtor economists predicted:

— Sales of existing houses will drop this year to 410,450 transactions, followed by a decrease to 396,800 transactions in 2019. That would be the lowest number of sales since 2014.

— Median house prices are forecast to rise to $593,450 next year, up from this 2018’s projected median of $575,800.

The forecast marks a dramatic shift from the torrid housing market of the past four years, which saw steady demand and price gains fueled by bidding wars. This year, however, the market shifted. California’s home sales, for example, have been down in five of the past eight months.

Asked in an online poll last month if now is a good time to buy a home in California, 78 percent of respondents said no. Where are the buyers going?

“They’re on the sidelines waiting. They’re going to see what’s going to happen,” Appleton-Young said.

With fewer buyers, sellers are cutting their asking prices. Nearly 40 percent of California sellers reduced their asking prices in August. The average price chop was 4.3 percent.

“Would I call this a buyer’s market? No,” Appleton-Young said. “But are we moving in that direction? Yes.”

Mortgage interest rates also are forecast to go up next year, pushing monthly payments further out of reach for many buyers.

Rates for the 30-year, fixed mortgage rose from an average of 4 percent in 2017 to 4.7 percent this year. In 2019, the forecast states, it will average 5.2 percent.

As a result, only one in four households will be able to afford the median-priced home in the Golden State, the forecast says.

“The low rates are what kept mortgage payments reasonable,” Appleton-Young said.

With rates rising – hitting 7½-year highs on Thursday – more people are moving to more affordable parts of the state — or out of state entirely, CAR economists said.

Twenty-nine percent of California home sellers this past spring moved out of state, up from 19 percent in 2013, a CAR survey of its members showed. More than a third of Southern California and Bay Area homebuyers moved to more affordable counties.

“Where are people that leave Southern California going? They’re going inland, to the Inland Empire, and they’re going to other Western states,” Appleton-Young said. “Where are people in the Inland Empire going? They’re going out of state. They’re going to Arizona and Texas.”

Meanwhile, the state’s homeownership rate has barely budged after dropping to a post-recession low of 53.2 percent in the summer of 2016. As of last spring, just 54.3 percent of California households owned their own homes, vs. 64.4 percent of U.S. households.

Homeownership rates are lowest for African-American households and other minorities. Just over a third of African-Americans are homeowners in California, compared with nearly two-thirds of non-Hispanic whites.

CAR projects that by 2025, California will be a majority renter state. “Homeownership is becoming a luxury item,” Appleton-Young said.

When will prices actually stop going up and start dropping?

“I think you’ll start to see some softening next year. I think we’ve already seen it at the upper ends of the market, … the $1 million and more properties,” Appleton-Young said. “At the lower end of the market, I would expect people to start jumping in as they see more inventory and more concessions in price. We’re just not seeing it yet. The shift is in process.”

 

https://biteable.com/watch/embed/ratemyagent-vc-5-star-rated-realtor-chrisbjohnsonr-1983086/2a01dc131ad505f4411ac860c242e7ed9b39b46eRateMyAgent VC 5 Star Rated Realtor ChrisBJohnsonRealtor on YouTube.

https://biteable.com/watch/embed/sell-your-home-for-more-for-more-and-pay-less-usin-1980138/4e80dfa1372e82542fc73ed61f9be168e45187f2?autoplay=1

Sell Your Home For More For More and Pay Less Using A 5 Star Rated REALTOR®.

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#TimeToBuy #HyperLocal #ChrisBJohnsonRealtor Buying a Home? Do You Know the Lingo? #INFOGRAPHIC #TimeToBuy #HyperLocal

BY 

Real Estate Agent with Allison James Elite CA. BRE 01501699

#5StarREALTOR®

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

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Buying a home can be intimidating if you are not familiar with the terms used during the process.
  • To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.
  • The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’

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.
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Posted in Buying Moorpark Short Sales, Buying Short Sales In Simi Valley, Buying Ventura County Short Sales, Camarillo Short Sale Help, Foreclosure Help, Homes For Sale In Oxnard, Oxnard Real Estate, Condos and Townhomes For Sale In Oxnard, Homes For Sale In Ventura County, Ventura County Real Estate, Condos and Townhomes For Sale In Ventura County, #T, Loan Modification, Moorpark Short Sale, Moorpark Short Sale Help, Moorpark Short Sale Realtor, Moorpark Short Sale Specialist, Newbury Park Short Sale Help, Oxnard Homes For Sale, Oxnard Real Estate, Ventura County Homes For Sale, Ventura County Real Estate, Principal Reduction Help, Real Estate, Santa Rosa Valley Short Sale Help, Short Sale, Simi Valley Home Price Updates, Simi Valley Short Sale Help, Simi Valley Short Sale Process, Simi Valley Short Sale Realtor, Simi Valley Short Sale Specialist, Stop Foreclosure Auction, Thousand Oaks Homes For Sale, Thousand Oaks Short Sale Help, Thousand Oaks Short Sale Specialist, Uncategorized, Ventura County Short Sale Help, Westlake Village Short Sale Help | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

#TimeToBuy #ChrisBJohnsonRealtor #HyperLocal Dispelling the Myth About Home Affordability In Ventura County #TimeToBuy

BY 

Real Estate Agent with Allison James Elite CA. BRE 01501699

#5StarREALTOR®

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

Dispelling the Myth About Home Affordability | MyKCM

We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years?

The reason is that homes were less affordable 25, 20, or even 11 years ago than they are today.

Obviously, buying a home is more expensive now than during the ten years immediately following one of the worst housing crashes in American history.

Over the past decade, the market was flooded with distressed properties (foreclosures and short sales) that were selling at 10-50% discounts. There were so many distressed properties that the prices of non-distressed properties in the same neighborhoods were lowered and mortgage rates were kept low to help the economy.

Low Prices + Low Mortgage Rates = High Affordability

Prices have since recovered and mortgage rates have increased as the economy has gained strength. This has and will continue to impact housing affordability moving forward.

However, let’s give affordability some historical context. The National Association of Realtors (NAR) issues their Affordability Index each month. According to NAR:

“The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.”

NAR’s current index stands at 138.8. The index had been higher each of the last ten years, peaking at 197 in 2012 (the higher the index the more affordable houses are).

But, the average index between 1990 and 2007 was just 123 and there were no years with an index above 133. That means that homes are more affordable today than at any time during the eighteen years between 1990 and 2007.

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?

Bottom Line

With home prices continuing to appreciate and mortgage rates increasing, home affordability will likely continue to slide. However, this does not mean that buying a house is not an attainable goal in most markets as it is less expensive today than during the eighteen-year stretch immediately preceding the housing bubble and crash.

 

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.

https://biteable.com/watch/embed/ratemyagent-vc-5-star-rated-realtor-chrisbjohnsonr-1983086/2a01dc131ad505f4411ac860c242e7ed9b39b46e

RateMyAgent VC 5 Star Rated Realtor ChrisBJohnsonRealtor on YouTube.

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Posted in Buying Moorpark Short Sales, Buying Short Sales In Simi Valley, Buying Ventura County Short Sales, Camarillo Short Sale Help, Foreclosure Help, Homes For Sale In Oxnard, Oxnard Real Estate, Condos and Townhomes For Sale In Oxnard, Homes For Sale In Ventura County, Ventura County Real Estate, Condos and Townhomes For Sale In Ventura County, #T, Loan Modification, Moorpark Short Sale, Moorpark Short Sale Help, Moorpark Short Sale Realtor, Moorpark Short Sale Specialist, Newbury Park Short Sale Help, Oxnard Homes For Sale, Oxnard Real Estate, Ventura County Homes For Sale, Ventura County Real Estate, Principal Reduction Help, Real Estate, Santa Rosa Valley Short Sale Help, Short Sale, Simi Valley Home Price Updates, Simi Valley Short Sale Help, Simi Valley Short Sale Process, Simi Valley Short Sale Realtor, Simi Valley Short Sale Specialist, Stop Foreclosure Auction, Thousand Oaks Homes For Sale, Thousand Oaks Short Sale Help, Thousand Oaks Short Sale Specialist, Uncategorized, Ventura County Short Sale Help, Westlake Village Short Sale Help | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

#TimeToSell #ChrisBJohnsonRealtor New Home Sales Up 12.7% From Last Year #TimeToBuy

BY 

Real Estate Agent with Allison James Elite CA. BRE 01501699

#5StarREALTOR®

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

New Home Sales Up 12.7% From Last Year | MyKCM

According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).

The report also showed that builders have ramped up construction with an increase in new construction starts and completions. The summer months are often a busy time for builders as they capitalize on the warmer weather to be able to finish projects.

Below is a table showing the change in starts, completions, and sales from last August.

New Home Sales Up 12.7% From Last Year | MyKCM

Other notable news from the report is that the percentage of new construction sales in the $200-$299k range has continued to break away from the $300-$399k range.

This shows that builders are starting to build lower-priced homes that will help alleviate some of the inventory challenges in the starter and trade-up home categories. The chart below shows the full breakdown.

New Home Sales Up 12.7% From Last Year | MyKCM

What does this mean for buyers and sellers?

If you are thinking of buying or selling in today’s market, you no doubt have heard that there is a shortage of existing homes for sale which has been driving home prices up across the country. The additional new construction coming to the market could help alleviate this shortage, but we are still not back up to pre-crisis levels.

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.
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Posted in Buying Moorpark Short Sales, Buying Short Sales In Simi Valley, Buying Ventura County Short Sales, Camarillo Short Sale Help, Foreclosure Help, Homes For Sale In Oxnard, Oxnard Real Estate, Condos and Townhomes For Sale In Oxnard, Homes For Sale In Ventura County, Ventura County Real Estate, Condos and Townhomes For Sale In Ventura County, #T, Loan Modification, Moorpark Short Sale, Moorpark Short Sale Help, Moorpark Short Sale Realtor, Moorpark Short Sale Specialist, Newbury Park Short Sale Help, Oxnard Homes For Sale, Oxnard Real Estate, Ventura County Homes For Sale, Ventura County Real Estate, Principal Reduction Help, Real Estate, Santa Rosa Valley Short Sale Help, Short Sale, Simi Valley Home Price Updates, Simi Valley Short Sale Help, Simi Valley Short Sale Process, Simi Valley Short Sale Realtor, Simi Valley Short Sale Specialist, Stop Foreclosure Auction, Thousand Oaks Homes For Sale, Thousand Oaks Short Sale Help, Thousand Oaks Short Sale Specialist, Uncategorized, Ventura County Short Sale Help, Westlake Village Short Sale Help | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

#TimeToSell #ChrisBJohnsonRealtor What’s Going On With Ventura County Home Prices? #TimeToSell

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Real Estate Agent with Allison James Elite CA. BRE 01501699

#SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHome&PayNoCommission #BetterThanFSBO #5StarREALTOR®

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

What’s Going On With Home Prices? | MyKCM

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.

CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change,

“The rise in mortgage rates this summer to their highest level in seven years has made it more difficult for potential buyers to afford a home. The slackening in demand is reflected in the slowing of national appreciation, as illustrated in the CoreLogic Home Price Index.  

National appreciation in August was the slowest in nearly two years, and we expect appreciation to slow further in the coming year.”

One of the major factors that has driven prices to accelerate at a pace of between 6-7% over the past two years was the lack of inventory available for sale in many areas of the country. This made houses a prized commodity which forced many buyers into bidding wars and drove prices even higher.

According to the National Association of Realtors’ (NAR) latest Existing Home Sales Report, we are starting to see more inventory come to market over the last few months. This, paired with patient buyers who are willing to wait to find the right homes, is creating a natural environment for price growth to slow.

Historically, prices appreciated at a rate of 3.7% (from 1987-1999). CoreLogic predicts that prices will continue to rise over the next year at a rate of 4.7%.

Bottom Line

As the housing market moves closer to a ‘normal market’ with more inventory for buyers to choose from, home prices will start to appreciate at a more ‘normal’ level, and that’s ok! If you are curious about home prices in your area, let’s get together to chat about what’s going on!

About Me

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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.
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Posted in Buying Moorpark Short Sales, Buying Short Sales In Simi Valley, Buying Ventura County Short Sales, Camarillo Short Sale Help, Foreclosure Help, Homes For Sale In Oxnard, Oxnard Real Estate, Condos and Townhomes For Sale In Oxnard, Homes For Sale In Ventura County, Ventura County Real Estate, Condos and Townhomes For Sale In Ventura County, #T, Loan Modification, Moorpark Short Sale, Moorpark Short Sale Help, Moorpark Short Sale Realtor, Moorpark Short Sale Specialist, Newbury Park Short Sale Help, Oxnard Homes For Sale, Oxnard Real Estate, Ventura County Homes For Sale, Ventura County Real Estate, Principal Reduction Help, Real Estate, Santa Rosa Valley Short Sale Help, Short Sale, Simi Valley Home Price Updates, Simi Valley Short Sale Help, Simi Valley Short Sale Process, Simi Valley Short Sale Realtor, Simi Valley Short Sale Specialist, Stop Foreclosure Auction, Thousand Oaks Homes For Sale, Thousand Oaks Short Sale Help, Thousand Oaks Short Sale Specialist, Uncategorized, Ventura County Short Sale Help, Westlake Village Short Sale Help | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment