15th Annual Day of the Dead Celebration at MVC

October 27th, 2015

Make sure and mark you calendar for Sunday November 1st. The 15th annual  Day of the Dead Celebration at the Museum of Ventura County is taking place from 11am-3pm and admission is FREE! Arts and crafts for kids, altars, and food trucks plus presentations by Ballet Folklorico De Bell Arts, Data Mariachi, Ballet Folklorico Mestizo of Oxnard College, and Danza Azteca Tonantzin!

100 E Main St in Downtown Ventura

Day of the Dead

C.A.R. Releases 2016 California Housing Market Forecast

October 15th, 2015

C.A.R. Releases 2016 California Housing Market Forecast
California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to C.A.R.’s “2016 California Housing Market Forecast,” released late last week at CALIFORNIA REALTOR® EXPO in San Jose.

The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold.  Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.

The average for 30-year, fixed mortgage interest rates is expected to rise only slightly to 4.5 percent but will still remain at historically low levels.

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300.  This is the slowest rate of price appreciation in five years.

New listing in La Ventana

July 18th, 2015

Check out my new listing! Welcome to Ventura’s premier townhome complex, La Ventana Greens. Beautiful 3 bedroom, 2.5 bath 1429 square feet (per assessor) two-story unit, the largest floor plan in the development. Beautiful views of the rolling park-like greenbelt and a short walk to two sparkling pools and spas. Central location just blocks to the Ventura County Government Center and easy access to the 101 and 126 Freeways.

Front KITCHEN1 LIVINGROOM1 back3

54% of American adults living at home plan to move out!

July 10th, 2015

Here is a link to a great article about American adults planing to buy homes!

http://www.businessinsider.com/54-of-people-living-at-home-pan-to-move-out-within-a-year-2015-7

Housing optimism gains!

June 11th, 2015
 

Americans’ Housing Optimism Gains More Momentum
Consumer attitudes about the housing market showed marked improvement last month, strengthening the case for a lift in housing activity this year, according to results from Fannie Mae’s May 2015 National Housing Survey. In line with the positive May jobs report—which showed an acceleration in average hourly earnings—and reflecting recent trends of firming personal income growth, the share of survey respondents reporting a significant increase in their household income climbed 4 percentage points to a near all-time high.

Homeownership and Renting Highlights

  • The average 12-month home price change expectation remained at 2.8 percent.
  • The share of respondents who say home prices will go up in the next 12 months rose to 49 percent. The share who say home prices will go down fell to 6 percent.
  • The share of respondents who say mortgage rates will go up in the next 12 months fell to 47 percent.
  • Those who say it is a good time to buy a house rose back up to 66 percent, while those who say it is a good time to sell went up 3 percentage points to 49 percent – a new survey high.
  • The average 12-month rental price change expectation rose to 4.3 percent.
  • The percentage of respondents who expect home rental prices to go up rose to 55 percent.
  • Those who think it would be easy to get a home mortgage decreased by 2 percentage points to 50 percent, while those who think it would be difficult remained at 46 percent.
  • The share who say they would buy if they were going to move rose 3 percentage points to 66 percent, while the share who would rent fell to 27 percent.

 

Home Sales rose four months in a row!

June 1st, 2015

April Pending Home Sales rose for the fourth month in a row, to the highest level since 2006. This National Association of Realtors (NAR) index of signed contracts on existing homes was up 3.4% for the month, and 14.0% over a year ago, its eighth month in a row of annual increases. Realtor.com’s chief economist said, “All this bodes well for continued momentum into May and June.” The NAR’s chief economist added, “Homeowners looking to sell this spring appear to be in the driver’s seat, as there are more buyers competing for a limited number of homes available.”

Gen y shaping housing trends

March 19th, 2015

Gen Y — those 34 and younger — make up 32% of home buyers. That’s a larger share than any other segment of buyers, according to NAR’s latest “Generational Trends” report.

Boomerang Millennials A Promising Sign for Housing

February 12th, 2015

This is a great article on a recent study of “Boomerang Millennials” who move out of their parents’ home only to move back in. I think we all know a few of these…

 

Are you a boomerang buyer?

January 30th, 2015

More than 7 million homeowners who suffered a foreclosure or short sale during the housing crisis are poised to become buyers again.

Over the next eight years, nearly 7.3 million Americans who lost their homes in the housing crash will become creditworthy enough to buy again, according to a new analysis.

RealtyTrac, a real estate information company and online marketplace for foreclosed properties, estimates that these “boomerang buyers”—those who suffered a foreclosure or short sale between 2007 and 2014—are rapidly approaching, or already past, the seven-year window “conservatively” needed to repair their credit.

This year, the firm expects, more than 550,000 of these buyers could be in a position to get back into the market. The number of newly creditworthy individuals will then top 1 million between 2016 and 2019 and gradually decline to about 455,000 in 2022.

Screenshot 2015-01-27 10.30.07

RealtyTrac notes that the return of these former homeowners could have a strong effect on housing markets with a particular appeal to the boomerang demographic: areas with “a high percentage of housing units lost to foreclosure but where current home prices are still affordable for median income earners” and a healthy population of Gen Xers and Baby Boomers, “the two generations most likely to be boomerang buyers.”

Based on those criteria, the analysis targets metro areas surrounding Phoenix (with an estimated 348,329 potential boomerang buyers), Miami (322,141), and Detroit (304,501) as the most likely to see an uptick in return buyers.

Chris Pollinger, senior vice president of sales at First Team Real Estate, told RealtyTrac that previously foreclosed Americans shouldn’t rule out another try at homeownership. “The housing crisis certainly hit home the fact that homeownership is not for everyone, but those burned during the crisis should not immediately throw the baby out with the bathwater when it comes to their second chance,” Pollinger said.

New home listing in Oxnard!

December 29th, 2014

Check out my NEW LISTING in Oxnard! 1335 Vaquero Drive 93030 3+2.5 1866sq ft! Offered at $475K beautiful Aldea Del Mar 3 bedroom 2.5 bath 2 story home. Open floor plan is an entertainers dream with formal living, dining,kitchen and family rooms all open to each other. Upgraded kitchen with granite counters and custom tile back splash, stainless appliances.

Front2 living room looking into dining Yard1