50% of Ventura County Homes Sold in 30 Days in March, No CA Recession #TimeToSell #ChrisBJohnsonRealtor

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Real Estate Agent with Allison James Elite CA. BRE 01501699

1217 Nautical Way, Oxnard, CA 93030 is for LEASE!!

Zillow:  https://www.zillow.com/homedetails/1217-Nautical-Way-Oxnard-CA-93030/16392371_zpid/?view=public

YouTube:  https://youtu.be/iQIlIAbk33A

Trulia: https://www.trulia.com/p/ca/oxnard/1217-nautical-way-oxnard-ca-93030–2081709398

HotPads: https://hotpads.com/1217-nautical-way-oxnard-ca-93030-1m6bmvz/pad?border=false&lat=34.1937&lon=-119.1927&z=16

50% of Homes Sold in 30 days in March [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The National Association of REALTORS® recently surveyed their members for their Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 60 days in 35 out of 50 states and Washington D.C.
  • Homes typically went under contract in 30 days in March!

No Suprises

The employment report for April produced no surprises. Job gains remain relatively strong, the unemployment rate continues to tighten, and wage growth is ahead of inflation. It is curious that wages and salaries are not rising faster given the tightness of the labor market. This is disappointing for workers but it will keep the Fed on track for three rate hikes this year because inflation remains predictably in check. It’s likely that stock market volatility will also subside, at least for the meantime.

Why the Probability of Recession is So Low

The probability of recession rose in March but still remains low. The odds of a recession this year should be low because recessions occur when imbalances develop in the economy, and no glaring potential macroeconomic imbalances are forming.

The labor markets continue to create more jobs, and the financial markets, while exhibiting more volatility since January, still remain buoyant. A fully employed economy, rising housing values, improved access to credit, and low household debt are driving both the consumer and business investment engines of economic growth.

Consumer confidence remains near its highest level in a generation. The present economic climate is rated consistently more favorably while economic expectations remain strong.

Consumer confidence at these stratospheric levels is consistent with a fully employed economy, households with rising real wealth and low debt, and low inflation.

Further tightening in the labor markets is likely this year, even as the pace of job growth continues to moderate. Employment growth has gradually declined toward 150,000 jobs a month in the U.S. and 20,000 jobs per month in California. This moderation is expected to continue through the rest of 2018.

A decrease in job growth is not abnormal at this stage of the business cycle and should not be mistaken for an economic slowdown. However, as long as job creation continues to exceed the flow of entrants to the labor market (80,000 to 100,000 a month), the unemployment rate is very likely to fall to 3.5 this year. Currently, the rate is at 3.9 percent.

Slower population growth and aging of the population will continue to exert downward pressure on labor force participation rates which will restrain labor force growth.

Growth in the economy in 2018 and 2019 will have to be accommodated with fewer additions to the workforce, due to slow growth in the labor force and a labor market that has very little slack. Consequently, look for much greater investment in automating business processes and functions. This has been the subject of my March and April newsletters.1

The environment in California is even more austere regarding labor market capacity. The unemployment rate has now reached a level that it has not achieved since the late 1960s. And predictably, wages have been rising more sharply here than in the rest of the nation over the last 18 months.

This year employee compensation is forecast to rise 4.0 percent compared to a 2 percent increase in 2017.2 Average salaries are forecast to rise 3.0 percent in California this year, after relatively hefty gains of more than 3.0 percent in the Bay Area economy during 2017.

The Updated Forecast

Even though the stock market has been under pressure since January (largely because of rising interest rates), the rest of the economy has remained more steady. This includes consumer spending, business investment, manufacturing, and surprisingly, inflation.

I believe that economists are much more focused on inflation than previously, because the labor markets should be producing faster wage growth now.

We are watching for any unexpected movements in inflation because that would pose one of the bigger risks to interest rates and the economy this year.

That said, nothing seriously out of the ordinary is within view. At our vantage point right now, it appears that the economic indicators for 2018 will remain auspicious.

The consensus forecast has real GDP still on track to expand at a pace of close to 3.0 percent this year with a slowdown strongly projected for 2019 and 2020.

———————

1 For all of the monthly newsletters of the California Economic Forecast for the 2018 calendar year, please go here: http://californiaforecast.com/monthly-newsletter/

2 UCLA Anderson Forecast for the State and Nation, March 2018, page Nation-15.

 

 

The California Economic Forecast is an economic consulting firm that produces commentary and analysis on the U.S. and California economies. The firm specializes in economic forecasts and economic impact studies, and is available to make timely, compelling, informative and entertaining economic presentations to large or small groups.

 

Homes For Sale In Oxnard, 2021 E Bard RD Oxnard CA 93033 IS Remodeled Refreshed & Ready for move in 😊

YouTube:  https://youtu.be/etWEBTGEgpE

MLS Link: https://www.flexmls.com/share/1OIHk/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

 

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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About Chris B Johnson Realtor

Short Sale Specialist, Certified Home Retension Specialist, Behind on your Mortgage Payments?, Stop Foreclosure, Postpone the Auction, get Loan Modification Help and Short Sale Help! I am a Certified Pre-Foreclosure Specialist, Certified Home Affordable Foreclosure Alternative Specialist (HAFA) Certified Short Sale Negotiator, Certified Short Sale Specialist, National Association of Realtor Certified Short Sale Foreclosure Resource and Broker Price Opinion Resource (Expert in Home Valuations and Pricing), Chartered Financial Consultant and Certified Home Retension Specialist. 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. I would also lose touch with my past clients and would not be available to help where needed. I take pride in working personally and individually with each of my clients. Once you are my client, you will work me from the beginning to the end of the transaction. When you call, you will get me directly, not my assistant or secretary. I have been a financial and real estate consultant for the past 30 years and have specialized in loan loss mitigation, short sale negotiation and REO marketing since 2005. I know how to negotiate contracts and navigate through the most difficult transactions. I am a member of, and Certified by the National Association of Realtors as a Short Sale and Foreclosure Resource, and Broker Price Opinion Resource. I am a Member of, and Certified by the California Association of Realtors as a Certified Home Affordable Foreclosure Alternative Specialist. I am a Certified Distressed Property Expert, Certified Short Sale Negotiator, Certified Pre-Foreclosure Specialist and Certified Default Advocate. For more please go to my LinkedIn Profile. Thank You!! And I look forward to hearing from you! For more. please see my profile on LinkedIn and Google.
This entry was 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 and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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