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Friday, August 31, 2018

6037 Sister Elsie Drive Tujunga CA 91042 Is FOR SALE #TimeToBuy #BuildYourDreamHome

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

https://activerain.com/droplet/5f6t                     https://matrix.crmls.org/matrix/shared/TW5DFbHsjFGd/6037SisterElsieDrive
For all the Information on how to bid on this property, please go to:
Builder's, Developers and Investor's this is your opportunity! The views are endless with this 7,434 sq/ft lot that is waiting for you to build your dream home. Premium views of La Crescenta in this Blanchard Canyon location. This is a multiple lot property nestled in a natural habitat and adjacent to a developed community with home valued between 900K to over 1M. Quiet and scenic 180 overlooking views will allow the builder to capture the view of your dreams. Great schools, communities close to 210 freeway, Pasadena, Eagle Rock, Glendale, Sunland, Tujunga. Please submit all offer through your Agent on the Xome website.  Neighbor's who have built and Sold in Sister Elsie Dr:
-6103 Sister Elsie Dr is a 5+5 with 3,496 sq/ft. Built in 2005 SOLD on 01-10--2018 for about $955,000.
-6107 Sister Elsie Dr is a 5+4 with 3,799 sq/ft. Built in 2001 and recently valued at about $1,065,000.
-6117 Sister Elsie Dr is a 4+3 with 2,871 sq/ft. Built in 2001 and recently valued at about $914,580.
Go To https://www.xome.com/auctions/6037-Sister-Elsie-Drive-Tujunga-CA-91042-267522469
Auction Starts Sept 1st and runs through Noon on Sept 6th. Bidding Starts at $120,000.00
EXCLUSIONS:   There are no inspection or financing contingencies. Property is being offered “AS IS, WHERE IS”, all reports, inspections or disclosures are the responsibility of the Buyer.
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....

Why are Existing Los Angeles County Home Sales DOWN? #TimeToBuy #ChrisBJohnsonRealtor

Why are Existing Los Angeles County Home Sales DOWN? #TimeToBuy #ChrisBJohnsonRealtor: Your Number 1 Realtor Xome Luxury Home Auctions, Top Three Realtor’s in Los Angeles County*, *AR Best Real Estate Agent, Luxury Home Specialist, Your BEST CHO...

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....

Why are Existing Ventura County Home Sales DOWN? #TimeToBuy #ChrisBJohnsonRealtor

Why are Existing Ventura County Home Sales DOWN? #TimeToBuy #ChrisBJohnsonRealtor: Number 1 Realtor in Moorpark & Camarillo*, Top Three Realtor’s in Ventura County*, *AR Best Real Estate Agent, Luxury Home Specialist, Your BEST CHO...

Thursday, August 30, 2018

Selling Your Ventura County Home, Choose a 5 Star Rated Realtor, #ChrisBJohnsonRealtor

Los Angeles Counties Top 3 Myths About Today’s Real Estate Home Values #TimeToSell #ChrisBJohnsonRealtor

Los Angeles Counties Top 3 Myths About Today’s Real Estate Home Values #TimeToSell #ChrisBJohnsonRealtor: Top Three Realtor’s in North Los Angels County*, *AR Best Real Estate Agent, Luxury Home Specialist, Your BEST CHO...

Top 3 Myths About Today’s Real Estate Market | MyKCM
There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage.
Today, we want to try and clear the air by shedding some light on what’s causing some of these headlines, as well as what’s truly going on.

Myth #1: We Are Headed for Another Housing Bubble

Home prices have appreciated year-over-year for the last 76 straight months. Many areas of the country are at or near their peak prices achieved before the last housing bubble burst. This has many worried that we are headed towards another housing bubble.
Reality: The biggest challenge facing today’s real estate market is a lack of homes for sale! Demand is strong, as many renters have come off the fence and are searching for their dream homes.
Historically, a normal market requires a 6-month supply of inventory in order for prices to rise with the rate of inflation. According to the National Association of Realtors (NAR) there is currently a 4.3-month supply of inventory.
The US housing market hasn’t had 6-months inventory since August 2012! The concept of supply and demand is what is driving home prices up!

Myth #2: The Rumored Recession Will Lead to Another Housing Market Crash

Economists and analysts know that the country has experienced economic growth for almost a decade. When this happens, they also know that a recession can’t be too far off. But what is a recession?
Merriam-Webster defines a recession as “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two consecutive quarters.”
Reality: Recession DOES NOT equal housing crisis. Many people associate these two terms with one another because the last time we had a recession it was caused by a housing crisis. According to the Federal Reserve, over the last 40 years, there have been six recessions. In each of the previous five recessions, home values appreciated.

Myth #3: There is an Affordability Crisis Looming

Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home.
There are many different affordability indexes supported by different organizations that all measure different data. For this reason, there is a lot of confusion about what “affordable” actually means.
The monthly cost of a home is determined by the home’s price and the interest rate on the mortgage used to purchase it. According to Freddie Mac, interest rates have risen from 3.95% in January to 4.59% just last week.
Reality: As we mentioned earlier, home prices have appreciated year-over-year for the last 76 months, largely driven by high demand and low supply.
According to a recent study by Zillow, the percentage of median income necessary to buy a home in today’s market (17.1%) is well below the mark reached in 1985 – 2000 (21%), as well as the mark reached in 2006 (25.4)! Interest rates would have to increase to 6% before buying a home would be less affordable than historical norms.
The starter-home market has appreciated at higher levels (9.4% year-over-year) than any other market. One reason for this is the fact that many of the first-time buyers who have flocked to the starter-home market are being met with high competition. For some hopeful buyers, it may take more than a good offer to stand out from the crowd!

Bottom Line

There is a lot of confusion in today’s real estate market. If your future plans include buying or selling, make sure you have a trusted advisor and market expert by your side to help guide you to the best decision for you and your family.
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Sell Your Home For More For More and Pay Less Using A 5 Star Rated REALTOR®.


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.

Ventura Counties Top 3 Myths About Today’s Real Estate Market #TimeToSell #ChrisBJohnsonRealtor

Ventura Counties Top 3 Myths About Today’s Real Estate Market #TimeToSell #ChrisBJohnsonRealtor: Number 1 Realtor in Moorpark & Camarillo*, Top Three Realtor’s in Ventura County*, *AR Best Real Estate Agent, Luxury Home Specialist, Your BEST CHO...

Tuesday, August 28, 2018

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


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



Rent or Own: Either Way You’re Paying A Los Angeles County Mortgage #TimeToBuy #ChrisBJohnsonRealtor

Rent or Own: Either Way You’re Paying A Los Angeles County Mortgage #TimeToBuy #ChrisBJohnsonRealtor: #SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHome&PayNoCommission #BetterThanFSBO #5StarREAL...
Rent or Buy: Either Way You’re Paying A Mortgage! | MyKCM
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”:
“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”
With home prices rising, many renters are concerned about their house-buying power. Mark Fleming, Chief Economist at First Americanexplained:
Over the last three years, renter house-buying power has increased fast enough to keep pace with house price appreciation, so the share of homes that a renter can afford to buy has remained the same since 2015.
Although mortgage rates are expected to rise, they are still low by historic standards, and real household incomes are the highest they have ever been. Assuming this trend continues, our measure of affordability, which takes into account income, interest rates, and house prices, indicates that homeownership is still within reach for renters.”
As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.
Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.51% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.

Rent or Own: Either Way You’re Paying A Ventura County Mortgage #TimeToBuy #ChrisBJohnsonRealtor

Rent or Own: Either Way You’re Paying A Ventura County Mortgage #TimeToBuy #ChrisBJohnsonRealtor: #SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHome&PayNoCommission #BetterThanFSBO #5StarREAL...

Monday, August 27, 2018

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

 

 
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

Los Angeles County Economy is strong, rates will rise #TimeToBuy #ChrisBJohnsonRealtor

Los Angeles County Economy is strong, rates will rise #Time: #SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHome&PayNoCommission #BetterThanFSBO #5StarREAL...

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....
 Expect interest rates to continue the slow, steady march higher. That was the message from Federal Reserve Chairman Jerome Powell at his closely watched speech Friday in Jackson Hole, Wyoming, site of the Fed’s annual retreat.
Powell said he sees economic strength in the U.S. economy and plans to keep on the current policy course. He said the Fed is focused on balancing the dual risk of runaway, inflation-inducing growth and opposing forces that could halt expansion.
“I see the current path of gradually raising interest rates as the [Federal Open Market Committee’s] approach to taking seriously both of these risks,” he said. “As the most recent FOMC statement indicates, if the strong growth in income and jobs continues, further gradual increases in the target range for the federal funds rate will likely be appropriate.”
The Fed has approved seven quarter-point rate hikes since December 2015, bringing the target rates up to 1.75 percent to 2 percent. Rates had been at zero during the recession and recovery that began in 2008. There have been two hikes so far this year, and two more are likely coming.  
Powell said factors that could change the policy course would include unsteady economic conditions overseas. He also said the bank’s policy would change if the domestic economy took a drastic turn for the worse.
As for inflation, Powell said doing too little to control price increases and economic overheating can be a greater risk than doing too much.
“The economy is strong. Inflation is near our 2 percent objective, and most people who want a job are finding one,” he said. “My colleagues and I are carefully monitoring incoming data, and we are setting policy to do what monetary policy can do to support continued growth, a strong labor market, and inflation near 2 percent.”
He indicated a general comfort level with current conditions of sustained strong growth and the Fed’s gradual approach to rate increases.
Trump pressures the Fed
The speech won’t likely win Powell favor with the White House. Earlier this week, President Trump continued his verbal pressure on the Fed, saying the central bank should be more accommodating in its interest rate policy.
In an interview with Reuters, Trump said he was “not thrilled” with Powell’s stance on rate hikes. The Fed chairman has presided over two rate increases since his presidential appointment. Rates have increased five times since Trump took office.
“I should be given some help by the Fed,” Trump told the news service. He added the central bank should do “what’s good for the country.”
Housing data
On the housing front, data released this week suggested home price appreciation may be cooling off slightly as summer ends.
The FHFA house price index, released Thursday, rose 0.2 percent in June, one tenth below consensus expectations, and the year-over-year rate slowed to 6.5 percent. Home prices rose in seven of the report’s nine regions, with the largest price increases in the Mountain (+0.7%) and East South Central (+0.6%) regions. Prices declined in the South Atlantic (-0.4%) and New England (-0.4%) regions.
Home price appreciation, driven by demand that outpaces supply, has made affordability a challenge for many buyers. A slower growth rate in home prices may help being balance to a strong seller’s market in many places.
We will see over the coming months if this is a one-month blip or the beginning of a trend.
Greece bailouts end
In global economic news this week, Greece is celebrating an end to eight years of government financial crises.
Monday is an historic day for Greece as nearly a decade of external financial help comes to an end.
Back in 2010, the country’s public debt became so high that investors were no longer willing to support the nation’s finances. As a result, Greece has relied on European creditors and the International Monetary Fund (IMF) to keep its finances afloat. Now, Greece can finally claim financial independence.
“Today we celebrate the end of a very long and difficult journey,” European Commission Vice President Valdis Dombrovskis told CNBC. “What matters now is to build on this achievement by sticking to sound fiscal and economic policies.”
However, some analysts argue that this is more a “symbolic” moment and there is plenty yet to do to improve the Greek economy. “Both the EU and the Greeks will try to put a positive spin on the end of the bailout, but there is little to celebrate,” Constantine Fraser, European analyst at research firm TS Lombard, told CNBC via email.
While analysts are still skeptical about the nation’s long-term health, this milestone is a step in the right direction for Europe. If Greece and its neighbors in Southern Europe can keep increasing financial stability, it will boost confidence and could help push interest rates higher.
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ABOUT THE AUTHOR: 

GREG RICHARDSON - EVP OF CAPITAL MARKETS

Greg Richardson is Movement's EVP of Capital Markets and a contributing author to the Movement Blog. His weekly market update is a must-read commentary on financial markets, the mortgage industry and interest rates. Greg is an industry veteran who knows how to read the financial tea leaves and make complex industry data easy for loan officers, real estate agents and homebuyers to understand.

Ventura County Economy is strong, rates will rise #TimeToBuy #ChrisBJohnsonRealtor

Ventura County Economy is strong, rates will rise #TimeToBuy #ChrisBJohnsonRealtor: #SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHome&PayNoCommission #BetterThanFSBO #5StarREAL...

Saturday, August 25, 2018

5 Star REALTOR® Chris B Johnson Seller and Buyer Certified Testimonials #5StarREALTOR® #TimeToSell #ChrisBJohnsonRealtor

5 Star REALTOR® Chris B Johnson Seller and Buyer Certified Testimonials #5StarREALTOR® #TimeToSell #ChrisBJohnsonRealtor: RateMyAgent Testimonials Sell Your Home For More and Pay Less Sell For More & Pay Less #ChrisBJohnsonRealtor..Verified Reviews


Los Angeles County Home Value and Mortgage Rate Update #HyperLocal #TimeToBuy #ChrisBJohnsonRealtor

Home Value and Mortgage Rate Update #HyperLocal Los Angeles County #TimeToBuy #ChrisBJohnsonRealtor: Weekly Mortgage Rate Update For decades, single-family housing starts averaged about 1.1 million per year. Following the financial crisis in 2008, however....


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....


Weekly Mortgage Rate Update

 

For decades, single-family housing starts averaged about 1.1 million per year. Following the financial crisis in 2008, however, this figure fell to a low of 350,000 in 2009, and now is holding steady at levels around 850,000.

THIS WEEK'S RATE TREND IS DOWN


Home Value and Mortgage Rate Update #HyperLocal Ventura County Real Estate #TimeToBuy #ChrisBJohnsonRealtor

Home Value & Mortgage Rate Update #HyperLocal Ventura County Real Estate #TimeToBuy #ChrisBJohnsonRealtor: Weekly Mortgage Rate Update For decades, single-family housing starts averaged about 1.1 million per year. Following the financial crisis in 2008, however,

Thursday, August 23, 2018

What Does the Recent Rash of Price Reductions Mean to the Los Angels County Real Estate Market #TimeToSell #ChrisBJohnsonRealtor

What Does the Recent Rash of Price Reductions Mean to the Los Angeles County Real Estate Market: #SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHome&PayNoCommission #BetterThanFSBO,Ventura Co...
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.

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? | MyKCM
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:
  • There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros
  • About 14% of all listings had a price cut in June
  • Since the beginning of the year, the share of listings with a price cut increased 1.2%
  • This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year
Senior Economist Aaron Terrazas further explained:
“A rising share of on-market listings are seeing price cuts, though these price cuts are concentrated at the most expensive price-points and primarily in markets that have seen outsized price gains in recent years.”

What this DOESN’T MEAN for the real estate market…

This doesn’t mean home values have depreciated or are about to depreciate.
A seller may put a home worth $300,000 on the market for $325,000 hoping a bidding war will occur and an overanxious buyer will pay more than its actual value. That has happened often over the last few years. If the seller gets no offers and reduces the price to $300,000, it doesn’t mean the home dropped in value. It is still worth $300,000.
Home prices will continue to appreciate over the next 12 months. In this same report, Terrazas remarks:
“It’s far too soon to call this a buyer’s market, home values are still expected to appreciate at double their historic rate over the next 12 months, but the frenetic pace of the housing market over the past few years is starting to return toward a more normal trend.”

What this DOES MEAN for the real estate market…

This does mean that sellers should be more conservative when it comes to the price at which they list their homes – especially sellers in the upper end of each market.
Sellers have been listing their homes at inflated prices hoping a super-hot market will deliver a buyer willing to pay virtually any price to ensure they don’t lose the house. That strategy has worked somewhat successfully over the last two years. However, the time that strategy would have worked may have passed.
Again, quoting Aaron Terrazas in the report:
“The housing market has tilted sharply in favor of sellers over the past two years, but there are very early preliminary signs that the winds may be starting to shift ever-so-slightly.”

Bottom Line

Prices are not depreciating. However, if you want to sell your house quickly and with the least amount of hassles, pricing it correctly from the beginning makes the most sense.



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.