Ventura County Real Estate

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming   too lenient   (data shows this is untrue) , to those who are concerned that prices are again approaching   boom   peaks because of   “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation) , there seems to be no shortage of opinion. However, the increase in prices is easily   explained   by   the theory of supply & demand.   Whenever there is a limited supply of an item that is in high demand, prices increase. It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate   (see chart below). ...

www.McQueenandAssociates.com 5318 Via Quinto $1,150,000 Sunday 1:00 - 3:30 https://www.flexmls.com/share/1PpSn/5318ViaQuintoNewburyParkCA91320 989 Via Palermo $1,519,000 Sunday 1:30 - 4:30 https://www.flexmls.com/share/1PpT5/989ViaPalermoNewburyParkCA91320 1090 Via Palermo $1,449,000 Sunday 1:30 - 4:30 https://www.flexmls.com/share/1PvYn/1090ViaPalermoNewburyParkCA91320 4925 Via El Cerro $4,500,000 Sunday 1:30 - 4:30 https://www.flexmls.com/share/1PpRF/4925ViaElCerroNewburyParkCA91320 www.McQueenandAssociates.com

1707 Shetland Place, Westlake Village Open House Saturday April 28th 1:00-4:00 Incredible Remodel in North Ranch on Secluded Cul-de-sac! Stylish Cape Cod home taken to a whole new level, Open Design Offering Light, Airy, Casual living. Professionally Designed Using The Finest Materials. Circular Brick Driveway leads to Custom Brazilian Mahogany Double Front Glass Doors, New Roof & Gutters, Exterior & Interior Paint, Garage Doors. Wonderful Floor Plan w/Grand Foyer w/Soaring Ceilings. Gorgeous French Oak Wood Floors, Chic Light Fixtures, Crown Molding, Black Grates & Flat Black Hardware. Living Room w/Carrera Mosaic Marble Fireplace & Built-ins. Dining Room w/Beautiful Designer Wallpaper. Gourmet Kitchen w/Stunning Carrera Glass Mosaic Backsplash & Granite Counters, White Cabinets, SS Appliances, Wolf Range, Island w/Sink. Family Room w/Fireplace, Shiplap, French Doors to Yard. Downstairs Bedroom or Office, Bathrooms w/Exquisite Custom Vanities...

This month,   Arch Mortgage Insurance   released their spring   Housing and Mortgage Market Review .   The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases payments by roughly 13% or 14% That begs the question… What if both rates and prices increase as predicted? The report revealed: “If interest rates and home prices rise by year-end in the ballpark of what most analysts are forecasting, monthly mortgage payments on a new home purchase could increase another 10–15%. That would make 2018 one of the worst full-year deteriorations in affordability for the past 25 years.” The   percent increase   in mortgage payments would negatively impact affordability. But, how would affordability then compare to historic norms? Per the report: “For the U.S. overall, even if affordability were to d...

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families. Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO: The buyer who wants the best deal possible The buyer’s agent who solely represents the best interest of the buyer The buyer’s attorney (in some parts of the country) The   home inspection   companies, which work for the buyer and will almost always find some problems with the house The termite company if there are challenges The buyer’s lender if the structure of the mortgage requires the sellers’ participation The   appraise...

Please visit our new listing Friday April 27th 1:00-3:00 5318 Via Quinto, Dos Vientos https://www.flexmls.com/share/1Qa86/5318ViaQuintoNewburyParkCA91320 McQueen and Associates http://www.mcqueenandassociates.com

The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall.

Open House Friday April 20th 1:00-3:00        5318 Via Quinto, Dos Vientos Beautiful Highly Desirable Pool Home in Gallery at End of Cul-de-sac. Sought-After Floor Plan w/5 Bedrooms and 3 Baths. Upgrades Include Gorgeous Travertine and Wood Floors, Crown Molding, Stylish Window Treatments & Light Fixtures, Designer Paint & Carpet, Built-ins. Owned Solar. Living Room & Formal Dining Room w/Wood Floors. Downstairs Bedroom & Bath. Chef's Kitchen w/Granite Counters, White Cabinets, Big Island, Walk-in Pantry, Stainless Steel Appliances. Mud Room off the Kitchen w/Built-ins. Spacious Family Room w/Raised Hearth Fireplace & Built-in Media Center. Large Master Suite w/Views, Luxurious Bath w/Quartz Counters, Dual vanities, Shower & Tub, Big Closet w/Custom Organizers. 3 Additional Bedrooms Upstairs. Incredible Entertainer's Private Yard w/Sparkling Salt-Water Pool w/Volcano Feature, Firepit, Speakers, Lush Landscapin...

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time. These developments have caused concern that families might be reaching unsustainable levels of mortgage debt. Some are worried that we may be repeating a behavior that helped precipitate the housing crash ten years ago. Today, we want to assure everyone that this is not the case. Here is a graph created from   data   released by the   Federal Reserve Board   which shows the   Household Debt Service Ratio   for mortgages as a percentage of disposable personal income. The ratio is the total quarterly required mortgage payments divided by total quarterly disposable personal income. In other words, the percentage of spendable income peo...