Ventura County, CA Real Estate News

By Dave and Patricia Zumbrun
(The "Z" Team 4 RE, Inc.)
Who watched the fireworks in Ventura County this weekend? They were glorious! It is nice to see a return to some sort of normalcy here in California. Is homeownership next up on your agenda? Oxnard made Forbes' list of the hottest markets in California. But, really, we have seen prices reach record highs all over Ventura County these past few months. Finding a home is one thing. Avoiding falling out of escrow is another thing entirely.How to Avoid Falling Out of EscrowPossible Inspection SurprisesPart of the home sale process includes a home inspection. This offers buyers a realistic look at the condition of a property, warts and all. Sometimes, the inspector may find minor issues. Other times, an inspector may find major issues. At that point, a buyer can choose to either re-negotiate ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On June 16, 2021, California Association of Realtors (C.A.R) reported that homes values decreased 6.8% to an average price of $806,000 in May of 2021 from an average price of $865,000 in April of 2021, but rose 18.3% from $681,250 in May of 2020. While, homes sales fell 7.8% in May of 2021 from April of 2021, but jumped 119.5% from May of 2020 in  Ventura County, California.There were 1.9 months supplies of available inventory of homes in May of 2021 up from 1.7 months in April of 2021, but dropped from 7.6 months in May of 2020. An average it took 22.0 days to sell a home in May 2021, unchanged from 22.0 days in April of 2021, but declined from 45.0 days in May of 2020 in Ventura County, California.For complete more detailed information about the California Association of Realtors’ May...
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By Dave and Patricia Zumbrun
(The "Z" Team 4 RE, Inc.)
When Governor Newsom lifted the mask mandate last week, Californians rejoiced. Residents and visitors to Ventura get to enjoy local events like Steel Drum Saturdays and Live Music Sundays without any face coverings. And with temperatures beginning to heat up, that makes it even more pleasant. Last year, most Ventura County cities canceled their fireworks displays due to COVID concerns. This year, we see a return of normalcy (of sorts). Here is a list of some of the places you can catch Ventura County fireworks shows for the July 4th weekend this year.Ventura County Fireworks Shows and MoreCamarilloThis Ventura County fireworks show is scheduled to start at 9 pm on Sunday, July 4th, at Camarillo Park. Listen to music streaming live set specifically to the show on your car radio. Just tun...
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By Dave and Patricia Zumbrun
(The "Z" Team 4 RE, Inc.)
Last month, Governor Newsom said that he expected to lift the mandatory mask mandate in California on June 15th (just eight days from today). However, he may require workers to continue to wear masks under certain circumstances. Fortunately, outdoor events appear to be OK. Last month's Open Air Seaside Market showed tremendous success. Starting later this month, Ventura Steel Drum Saturdays should also be a welcome treat for visitors to Ventura Harbor Village.What: Ventura Steel Drum Saturdays 2021Where: Ventura Harbor VillageWhen: 1 pm to 4 pm every Saturday from June 19th to Sept 4thAdmission: FREEContact: Ventura Harbor Village (805) 477-0470Ventura Steel Drum Saturdays 2021They say music calms the savage beast. Well, then, all savage beasts need to visit Ventura Harbor Village. Sip ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 17, 2021, California Association of Realtors (C.A.R) reported that homes values increased 12.2% to an average price of $865,000 in April of 2021 from an average price of $770,750 in March of 2021, and gained 28.1% from $488,000 in April of 2010. While, homes sales rose 28.9% in April of 2021 from March of 2021, and jumped 70.3% from April of 2010 in Ventura County, California.There were 1.7 months supplies of available inventory of homes in April of 2021, down from 2.1 months in March of 2021, but dropped from 4.6 months in April of 2020. An average it took 22.0 days to sell a home in April 2021, unchanged from 22.0 days in March of 2021, but fell from 38.0 days in April of 2020 in Ventura County, California.For complete more detailed information about the California Association ...
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By Dave and Patricia Zumbrun
(The "Z" Team 4 RE, Inc.)
The CDC recently released their latest mask guidelines for fully vaccinated individuals. However, Governor Newsom has not released an update to California's mask guidelines as of yet. So, some businesses may require you to wear a mask when you enter. Even so, our beautiful sunny weather makes it a great time to be outdoors. And if you missed attending things like an open air market, the fairgrounds hosts the Ventura Open Air Seaside Market on the last two Sundays of May.What: Ventura Open Air Seaside Market 2021Where: Ventura Fairgrounds (10 W Harbor Blvd)When: Sunday, May 23rd & 30th, from 10:30 am to 4 pmAdmission: Free (parking $10)Contact: Ventura Fairgrounds (805) 648-3376Ventura Open Air Seaside Market 2021Graduation. Birthdays. Anniversaries. Father's Day. Just because. Or maybe ...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
Some Highlights  Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war. In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home.  « Why Waiting to Buy a Home Could Cost You a Small Fortune The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or o...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
El poder de la preaprobación de la hipoteca [Infografía]    Mitos sobre la compra Compradores de vivienda por primera vez, Para los compradores, Infografías, Compradores de casa mas grande           Algunos aspectos destacados: La preaprobación de la hipoteca significa que un prestamista ha revisado sus finanzas y basándose en factores como sus ingresos, deuda e historial crediticio, determinó cuánto está calificado para pedir prestado. Estar preaprobado para un préstamo puede darle claridad mientras planea su presupuesto para la compra de una vivienda, confianza en su capacidad para asegurar el préstamo y ventaja competitiva en una guerra de ofertas. En el mercado competitivo actual, comunicarse con su prestamista para obtener una preaprobación puede ser el cambio radical que le ayuda...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To determine if they should buy now or wait another year, they both need to ask two simple questions: Do I think home values will be higher a year from now? Do I think mortgage rates will be higher a year from now? Let’s shed some light on the answers to these questions. Where will home prices be a year from now? If you average the most recent projections from the major industry forecasters, the expectation is home prices will increase by 7.7%. Let’s take a house that’s valued today at $32...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
Por qué esperar para comprar una casa podría costarle una pequeña fortuna   Pago Inicial, Compradores de vivienda por primera vez, Para los compradores, Tasas de interés, Compradores de casa mas grande, Precios       Muchas personas están esperando, tratando de decidir si ahora es el momento de comprar una casa. Algunos son inquilinos con un fuerte deseo de convertirse en propietarios de vivienda, pero no están seguros si comprar en este momento tiene sentido. Otros pueden ser propietarios que han dado cuento de que su casa actual ya no se ajusta a sus necesidades cambiantes. Para determinar si deben comprar ahora o esperar otro año, ambos necesitan hacerse dos preguntas simples: ¿Creo que el valor de las casas será más alto dentro de un año? ¿Creo que las tasas hipotecarias serán más ...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say. Danielle Hale, Chief Economist, realtor.com: “Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .” Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
¿Se espera que las tasas de interés aumenten a lo largo del próximo año?  Compradores de vivienda por primera vez, Para los compradores, Tasas de interés, Compradores de casa mas grande       En lo que va del año, las tasas hipotecarias continúan rondando alrededor del 3 %, lo que esta aminando a muchos compradores a entrar en el mercado de la vivienda. Sin embargo, hay una buena probabilidad de que las tasas aumenten a finales de este año y entrando en 2022, básicamente, haciendo más caro pedir dinero prestado para un préstamo hipotecario. He aquí un vistazo a lo que varios expertos tienen que decir. Danielle Hale, Economista Principal de realtor.com: “Nuestra visión a largo plazo de las tasas hipotecarias en 2021 es superior. A medida que las perspectivas económicas se fortalecen, gr...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons. Recently, Homes.com released the findings of a survey that identified these concerns, as well as what it will take for homeowners to feel comfortable selling their houses. Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the housing market today. 1. Homeowners don’t...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial and personal benefits with even higher value. Recently, two national surveys revealed the reasons homeownership is such an important part of life. The top three personal benefits of homeownership noted by respondents in Unison’s 2021 report on The State of the American Homeowner are: 91% – feel secure, stable, or successful owning a home 70% – feel emotionally attached to the homes that have kept them safe over the past year 51% – call homeownership a “key part of their life” These sentiments were support...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
Los estadounidenses encuentran más valiosos los beneficios no financieros de la propiedad de la vivienda   Compradores de vivienda por primera vez, Para los compradores, Alquilar Vs. Comprar       La propiedad de la vivienda es una parte fundamental del sueño americano. A medida que miramos hacia atrás a más de un año de refugiarnos en nuestros hogares, tener un lugar propio es mas importante que nunca. Si bien los beneficios financieros son siempre un aspecto clave de la propiedad de la vivienda, hoy, los propietarios clasifican los beneficios no financieros y personales con un valor aún mayor. Recientemente, dos encuestas nacionales revelaron las razones por las que la propiedad de la vivienda es una parte tan importante de la vida. Los tres beneficios personales principales de la pr...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
4 incentivos grandes para que los propietarios de viviendas vendan ahora    Para los vendedores, Actualizaciones del mercado de la vivienda, Compradores de casa mas grande, Precios, Mitos sobre la venta       El mercado de la vivienda sigue navegando. El único viento en contra que podría sacarlo del curso es la falta de inventario para la venta. La Asociación nacional de Realtors (NAR por sus siglas en inglés) informa que en marzo había 410,000 unidades unifamiliares menos en venta que en marzo de 2020. La clave para el éxito continuo es el mercado de la vivienda residencial es que más casas para la venta salgan al mercado. Sin embargo, a muchos propietarios les preocupa que vender su casa podría ser un desafío por varias razones. Recientemente, Homes.com dio a conocer los resultados d...
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By Dave and Patricia Zumbrun
(The "Z" Team 4 RE, Inc.)
Buying your first house may leave you feeling overwhelmed. Before you search for a Ventura home you love, you must find a real estate agent you trust, save for a down payment and closing costs, get approved for a loan, and make sure you are ready for the first year of homeownership. The CalHFA helps homebuyers in California purchase their first home.California Housing Finance Agency (CalHFA)Requirements to QualifyTo even be considered for one of California Housing Finance Agency's loans, buyers must meet certain requirements. First, you must be a first-time homebuyer. That means that you either never owned a home before or you have not owned one in the previous three years. Secondly, your credit score below 660 (for conventional low-income rate) or 680 (for conventional standard rate). ...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
¿Debo comprar ahora o esperar? [Infografía]   Mitos sobre la compra, Compradores de vivienda por primera vez, Para los compradores, Infografías, Tasas de interés, Compradores de casa mas grande, Precios           Algunos aspectos destacados: Si está pensando que esperar uno o dos años para comprar una casa podría significar que ahorrará algo de dinero, piénselo de nuevo. Las tasas hipotecarias actualmente son muy bajas, pero los expertos en general están pronosticando aumentos tanto en los precios de las casas como en las tasas de interés. Comprar una casa ahora significa que gastará menos a largo plazo. Vamos a comunicarnos para poner en marcha sus planes antes de que los precios de las casas y las tasas hipotecarias suban aún más. También puede disfrutar leyendo 24 horas que de repen...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run. Let’s connect to put your homebuying plans in motion before home prices and mortgage rates climb even higher.  « Is Home Price Appreciation Accelerating Again? The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as inv...
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By Chris B Johnson REALTOR®, 5 Star Rated REALTOR® Quality, Not Quantity
(Allison James Elite)
At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year. This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their num...
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