Millionaire to Millennials: Buy a Home N

October 19, 2017

Millionaire to Millennials: Buy a Home Now!
In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”
Bach went on to explain:
“If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.”
In his bestselling book, “The Automatic Millionaire,” Bach does the math:
“As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!”
Who is David Bach?
Bach is a self-made millionaire who has written nine consecutive New York Times bestsellers. His book, “The Automatic Millionaire,” spent 31 weeks on the New York Times bestseller list. He is one of the only business authors in history to have four books simultaneously on the New York Times, Wall Street Journal, BusinessWeek and USA Today bestseller lists.
He has also been profiled in many major publications, including the New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Time, Financial Times, Washington Post, the Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily, and Forbes.
Bottom Line
Whenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – if you don’t yet live in your own home, go buy one.

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

#realty #realestate #realtor #broker #sales #Riverside #Ca #homes #properties #buyer #seller #leads #clients http://ow.ly/i/ztJtL

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The Mortgage Process: What You Need to K

October 18, 2017

The Mortgage Process: What You Need to Know
Some Highlights:
Many buyers are purchasing a home with a down payment as little as 3%.
You may already qualify for a loan, even if you don’t have perfect credit.
Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

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

#realty #realestate #realtor #broker #sales #Riverside #Ca #homes #properties #buyer #seller #leads #clients http://ow.ly/i/ztIaw

Check this out! Use it and share it! Any

October 17, 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/ztH57

Dying malls could help ease housing cris

October 16, 2017

Dying malls could help ease housing crisis
Source: Los Angeles Times
As housing shortages persist, developers are eyeing old shopping malls—which often include large parcels of land—for redevelopment into residential projects. In California, which is suffering from severely tight housing inventory, developers are jumping on the trend. A nearly vacant mall in the San Fernando Valley, for example, will soon be turned into a residential neighborhood with 1,400 homes, retail shops, and a concert venue. And a mall in Orange County will be transformed into a mixed-use development with more than 900 homes.
Some mall owners are redeveloping their properties and trying to transform them into destination parks, with an emphasis on entertainment, restaurants, and outdoor boutiques. Housing is also key to these redevelopments. “You don’t have to reach out to your customer base because they live right there,” says Cynthia Murphy, who oversees nationwide mall leasing for commercial real estate brokerage CBRE Group.

Lets find you a home today! Call me,
Juan Rodriguez 800 916 0366

#realty #realestate #realtor #broker #sales #Riverside #Ca #homes #properties #buyer #seller #leads #clients http://ow.ly/i/zrqPY

More than 60 percent of adults say ‘rent

October 14, 2017

More than 60 percent of adults say ‘rent is too high’ to save for a home purchase, but wide variations exist across the country
Washington, D.C. — Nationwide, 63 percent of adults surveyed by NeighborWorks America say the rent is too high where they live to save for a down payment on a home, but perceptions are dramatically different across the country. In the Midwest, the number with this view is 58 percent, compared to 67 percent in the Northeast and 73 percent in the West.
Differences also are found depending on adults’ race: Seventy-two percent of nonwhite renters say the rent is too high, compared to 65 percent of whites.
The impact of high rent also can be seen in the number of people who say they have enough money saved for a down payment on a home. According to the survey, just 26 percent of adult renters overall and 18 percent of millennials say they “probably” or “definitely” have enough money saved for a down payment.
Renting and having enough money saved for a down payment correlates with income. Fifty-five percent of renters with household incomes above $100,000 say they have enough for a down payment, compared to 21 percent of households with incomes under $60,000.
When examined by race, people of color who are renters are more likely to say they have enough saved for a down payment than whites. The survey found that 38 percent of Hispanic renters and 31 percent of blacks report having enough saved for a down payment, while 20 percent of white renters say the same.
Editor’s note: Widmeyer Communications, a Finn Partners Company, conducted the national representative study with an online panel, including 1,000 adults age 18 or older, and an additional, separate sample of 500 millennials, defined as age 18-34.

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

#realty #realestate #realtor #broker #sales #Riverside #Ca #homes #properties #buyer #seller #leads #clients http://ow.ly/i/zroNV

The Truth About Homeowner Equity A recen

October 13, 2017

The Truth About Homeowner Equity
A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.
A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.)
If eight out of ten homeowners now have significant equity in their homes, it is hard to make the claim that lack of equity is “one of the main reasons why there are so few homes for sale.”
Bottom Line:
If you are one of many homeowners who is debating selling your home and are wondering how much equity you have accumulated, let’s get together to determine if now is the time to list.

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

#realty #realestate #realtor #broker #sales #Riverside #Ca #homes #properties #buyer #seller #leads #clients http://ow.ly/i/zrnat

Are you and your family struggling to co

October 11, 2017

Are you and your family struggling to come up with a down payment for the purchase of a home?
Ask us about a new program! This program grants a 3% (non-repayable) down payment for those who qualify.
Give us a call today and see if you qualify! http://ow.ly/i/ziD9v

New Program! 100% Convntional Loan With

October 10, 2017

New Program! 100% Convntional Loan With Assistant Grant, No Repayment!
Do you want to buy a highrer priced home and lower your payments between $200 – $300 a month?
Ask us about this new program! Conventional loan 97% with assistant grant up to 4.5%, which will cover down
payment and part of closing cost.
This is now available on all single family and manufactured homes!
-reduced MI
-no median income
-no income limit
Rental and boarder income may be considered,
can add a tax credithwhich we can use to qualify from $200-$300 a month
Don’t wait, call now and get approved to buy the home you have been waiting for!
Call/Text Juan Rodriguez at 562-230-4845 http://ow.ly/i/ziCYR

A Tale of Two Markets: A 6-Month Update

October 9, 2017

A Tale of Two Markets: A 6-Month Update
Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.
In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In the premium, or luxury, home categories, the opposite was true as there was a surplus of these homes compared to the buyers that were out searching for their dream homes, which created a buyer’s market.
According to the National Association of Realtors latest Existing Home Sales Report, the inventory of existing homes for sale in today’s market is at a 4.2-month supply. Inventory is now 6.5% lower than this time last year, marking the 27th consecutive month of year-over-year decreases.
Bottom Line:
Real estate is local. If you are thinking about buying OR selling this fall, let’s get together to discuss the exact market conditions in your area. http://ow.ly/i/ziBJJ

Check this out! Use it and share it! Any

October 8, 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/zdw6L