Hey, Millennial Homeowners!! It May Be T

August 16, 2017

Hey, Millennial Homeowners!! It May Be Time to Sell
Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise.
Many Millennials took advantage of post housing crash prices and the First-Time Homebuyers’ Tax Credit and jumped into homeownership in 2010. If you are one of these buyers, now may be the time to sell for many reasons. Here are a few:
1. Equity Build-Up:
Home prices have been on the rise since the beginning of 2012 and your house may have appreciated by more than you think. ATTOM Data Solutions, in their Q2 2017 U.S.
2. Projected Home Price Increases:
If you just got married or just found out you are about to become a parent, you may have plans to move up a bigger home or perhaps move to a different area. Waiting to buy a more expensive home in this market probably doesn’t make sense. The experts contacted for the Home Price Expectation Survey are projecting home prices to increase by nearly 5% over the next year. Yes, your house’s price will increase but not as much as a home currently valued higher than yours.
3. Projected Interest Rate Increases:
The Mortgage Bankers’ Association, Freddie Mac, Fannie Mae and the National Association of Realtors are each projecting mortgage rates to increase over the next year.
Higher PRICES + Higher INTEREST RATES = LARGER MORTGAGE PAYMENTS.
Bottom Line:
If you are lucky enough to be one of those Millennials who purchased a house in 2010 (or even later), now might be the perfect time to move up to the home of your dreams! http://ow.ly/i/xGJg6

Open House for 8367 Rosemary Dr, Riversi

August 15, 2017

Open House for 8367 Rosemary Dr, Riverside 92508.
Will Be Held Saturday & Sunday (08/19/17 & 08/20/17) From 11:00 am to 2:00 pm. Come and Enjoy Viewing This Stunning Home! Call/Text Juan Rodriguez for any questions at 562-230-4845 http://ow.ly/8Hyb30eqF59

How Long Do Most Families Stay in Their

August 14, 2017

How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.
Why the dramatic increase?
– The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.
– With home prices rising dramatically over the last several years, 93.9% of homes with a mortgage are now in a positive equity situation with 78.8% of them having at least 20% equity, according to CoreLogic.
– With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.

What does this mean for housing?
Many believe that a large portion of homeowners are not in a house that is best for their current family circumstance; They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple living in a one-bedroom condo planning to start a family.

These homeowners are ready to make a move, and since a lack of housing inventory is still a major challenge in the current housing market, this could be great news. http://ow.ly/i/xGG3V

20 Tips for Preparing Your House for Sal

August 4, 2017

20 Tips for Preparing Your House for Sale
Some Highlights:
– When listing your house for sale your top goal will be to get the home sold for the best price possible!
– There are many small projects that you can do to ensure this happens!
– Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Any questions feel free to contact me,
Juan Rodriguez 800 916 0366

#realtor #realestate #riverside #CA http://ow.ly/i/xpIbU

Check this out! Use it and share it! Any

August 1, 2017

Check this out! Use it and share it! Any questions feel free to contact me,
Juan Rodriguez 800 916 0366 http://ow.ly/i/xiTeB

Inventory Drops Again, Sales Slow Highli

July 31, 2017

Inventory Drops Again, Sales Slow
Highlights:
– Existing Home Sales are now at an annual pace of 5.52 million.
– Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.
– The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.

Any questions feel free to contact me,
Juan Rodriguez 800 916 0366

#realtor #realestate #riverside #CA http://ow.ly/i/xgmGR

Americans Still Believe Real Estate is B

July 28, 2017

Americans Still Believe Real Estate is Best Long-Term Investment
According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question:
“What is the best way to invest money you wouldn’t need for 10 years or more?”
Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments – such as savings accounts and CD’s – came in second with 23% (the same as last year).
The article points out several reasons for these results:
“After bottoming out at the end of 2011 following the worst housing collapse in generations, home prices have gone gangbusters recently, climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the 12 months that ended in May, according to CoreLogic.
The article also revealed that:
“Bankrate’s Financial Security Index — based on survey questions about how people feel about their debt, savings, net worth, job security and overall financial situation — has hit its third-highest level since the poll’s inception in December 2010.”
Bottom Line: There is tons of coverage about the financial and non-financial reasons homeownership makes sense. It is nice to see that Americans still believe in homeownership as the best investment!!!

Any questions feel free to contact me,
Juan Rodriguez 800 916 0366

#realtor #realestate #riverside #CA http://ow.ly/i/xcbuY

Check this out! Use it and share it! Any

July 25, 2017

Check this out! Use it and share it! Any questions feel free to contact me,
Juan Rodriguez 800 916 0366 #realtor #realestate #riverside #CA http://ow.ly/i/x5y9z

Singles Are Falling for Their Dream Home

July 24, 2017

Singles Are Falling for Their Dream Home First
Some Highlights:
– According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
– The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
– The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men). http://ow.ly/i/x3eSJ

New Listing! Call/Text Juan @ 562-230-48

July 21, 2017

New Listing! Call/Text Juan @ 562-230-4845 to see this home. http://ow.ly/CtS030dOOzk http://ow.ly/i/wZ5CZ