Ventura County Real Estate

Some Highlights: According to the   US Census Bureau,   ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest   Profile of Home Buyers & Sellers ,   the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now! http://www.mcqueenandassociates.com

Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this   not to be true . Where are home values today compared to the beginning of the year? While rates have been rising, so have home values. Here are the most recent monthly price increases reported in the   Home Price Insights Report   from   CoreLogic : January: Prices were up 0.5% over the month before. February: Prices were up 1% over the month before. March: Prices were up 1.4% over the month before. Not only did prices continue to appreciate, the level of appreciation accelerated over the first quarter.   CoreLogic   believes that home prices will increase by 5.2% over the next twelve months. How can prices rise while mortgage rates increase? Freddie Mac   explained in a recent   Insight Report : “In the current housing market, the...

4539 Via  Pluma & 78 Via Mirabella = SOLD!

Every year, the   New York Federal Reserve   publishes the results of their   Survey of Consumer Expectations   (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources to do so, would you like to OWN instead of RENT your primary residence? Over three-quarters of respondents under the age of 50 said that they would prefer to own their home, rather than rent. While only 52.6% of those over 50 would prefer to own. The full breakdown can be found in the chart below. When renters were asked what the average probability of owning a primary residence at some point in their future was, 66.4% of those under 50 believed that they would eventually own their home, while only 23% of those over 50 did. Bottom Line Many had wondered if young Americans had lost their desire to o...

www.McQueenandAssociates.com 35 N. Via El Toro $1,015,000 https://www.flexmls.com/share/1Qhyx/35NViaElToroNewburyParkCA91320 989 Via Palermo $1,475,000 https://www.flexmls.com/share/1TmgC/989ViaPalermoNewburyParkCA91320     1090 Via Palermo $1,415,000 https://www.flexmls.com/share/1OkQs/1090ViaPalermoNewburyParkCA91320   1096 Via Palermo $1,250,000 https://www.flexmls.com/share/1TmhY/1096ViaPalermoNewburyParkCA91320   4925 Via El Cerro $4,250,000  https://www.flexmls.com/share/1OkRS/4925ViaElCerroNewburyParkCA91320 www.McQueenandAssociates.com

So, you’ve decided to sell your house. You’ve   hired a real estate professional   to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home. Here are five levels of access that you can give to buyers, along with a brief description: Lockbox on the Door   – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience. Providing a Key to the Home   – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home. Open Access with a Phone Call   – the seller allows showings with just a phone call’s notice. By Appointment Only (example: 48-...

The famous quote by Walt Whitman, “ A man is not a whole and complete man, unless he owns a house and the ground it stands on ,” can be used to describe homeownership in America today. The   Census   revealed   that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year’s 63.6%. Chief Economist,   Dr. Ralph McLaughlin, in his   VUE Blog   gave these new homeownership numbers some context: “The trend is clear: the homeownership rate has been ticking up for five consecutive quarters, and the number of new renter households has fallen for four consecutive quarters. Owner-occupied households grew by 1.345 million from a year ago, while the number of renters actually fell by 286,000 households. The fact that we now have four consecutive quarters where owner households increased while renter households fell is a...