2017 Lynden Corn Maze

owl

Each year, the Lynden Corn Maze opens and everyone can enjoy the fun of the maze during the day or as a flashlight maze after dark. The Lynden Corn Maze started back in 1999 as the main fundraiser for the Lynden FFA Booster Club.

The 2017 Corn Maze is open now and runs every weekend through Sunday, October 1st.

HOURS:

Fridays – 6 pm – 10 pm

(Flashlight maze after dark)

Saturday – 2 pm – 10 pm

(Flashlight maze after dark)

Sunday – 2pm – 10pm

LOCATION:

Just South of Lynden

on the Hannegan Road

 

PRICES:

Adults (7th grade & up) – $6.00

Students (K-6th) – $4.00(must be accompanied by an adult)

Pre-School – FREE(0-4 Yrs. must be accompanied by adult)

FAMILY RATE – $18.00

(2 Adults & 3 kids)

For more information, visit their website!

 

More Americans Say Now is a Good Time to Sell!

More Americans Say Now is a Good Time to Sell! | MyKCM

Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year.

Overall, 62% of Americans surveyed said that now is a good time to sell (up from 58%), while 26% of respondents said that now is not a good time to sell (down from 30%). The net score is the difference between the two percentages, or 36%.

According to CoreLogic, home prices are now up 6.7% over last year and 78.8% of homeowners with a mortgage in the US now have significant equity (defined as 20% or more).

As home prices have increased, more and more homeowners have realized that now is a good time to sell their homes in order to take advantage of the extra equity they now have.

At the same time, however, rising prices have had the exact opposite impact on the good-time-to-buy scale as many buyers are nervous that they will not be able to afford a home; the net score dropped 5 points to 18%.

Doug Duncan, Vice President & Chief Economist at Fannie Mae, had this to say,

In the early stages of the economic expansion, home selling sentiment trailed home buying sentiment by a significant margin. The reverse is true today.

The net good time to sell share is now double the net good time to buy share, with record high percentages of consumers citing home prices as the primary reason for both perceptions. Such a sizable gap between selling and buying sentiment, if it persists, could weigh on the housing market through the rest of the year.”

Buyer demand continues to outpace the supply of homes for sale, which has driven prices up across the country. Until the supply starts to better match demand, there will be a gap between the sentiments surrounding buying and selling.

Bottom Line

If you are considering listing your home for sale this year, now is the time! Contact us toll free at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

5 Reasons to Sell This Fall

 

5 Reasons to Sell This Fall | MyKCM

 

Here are five reasons listing your home for sale this fall makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal housing market.

This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.

Historically, the average number of years a homeowner stayed in their home was six, but that number has jumped to an average of almost nine years since 2008. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days, after seeing a 12-month high of 48 days in January.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move-up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 5.0% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

5. It’s Time to Move on With Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important. If you have any questions, call us toll free at (888) 713 – 3056 or email us at Info@JohnsonTeamRealEstate.com.

Report: Homeownership Is a Precondition of the American Dream

Report: Homeownership Is a Precondition of the American Dream | MyKCM

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations ‘including millennials’ agree homeownership is very important to achieving the American Dream.”

Americans ranked owning a home I love” higher than any other options (including “starting a family” and “finding a fulfilling career”) as an important part of the American Dream.

Despite some claims that homeownership’s importance to the American Dream is in decline, the report found that the dream of homeownership remains strong.

Of Americans who said they think achieving the American Dream is important, 70% think homeownership is important to the dream, and 41% think homeownership is very important to the dream.

What about Millennials?

Hearth addresses the desires of millennials by explaining:

Contrary to popular opinion, millennials who want to achieve the American Dream are 5% more likely than Baby Boomers to think homeownership is important. And two-thirds of millennial renters view homeownership as important to the American Dream.

Although millennials are often portrayed as fickle and transient, they actually seek the stability of homeownership even more than their parents.”

Other Key Findings from the Report:

  • Homeowners are 126% more likely than non-homeowners to view homeownership as a way to build wealth. Nevertheless, homeowners still overwhelmingly associated homeownership with a family living space.
  • Homeowners are 24% more likely than non-homeowners to see homeownership as an achievement that reflects hard work.
  • Millennials are 77% more likely than baby boomers to see a home primarily as a way to build wealth.
  • Baby boomers are 98% more likely than millennials to see a home as a way to pass wealth down to children or family.
  • Millennials are 29% more likely than baby boomers to see a home as an achievement that reflects hard work–an outcome we expected given that many millennials are still working hard to afford their first homes.

Bottom Line

The report concluded:

This survey revealed a powerful finding: Across demographic groups, homeownership remains a precondition of the American Dream.”

Learn The Value of Your Bellingham Home

Have you noticed sale pending and sold signs on homes in your neighborhood?

Does all this activity in the Bellingham  real estate market have you curious what your home might be worth?

The Bellingham real estate market is active and can sometimes be hard to keep up with.  We are here to help! Learn the value of your home in today’s real estate market. Simply enter your home’s address and have your home’s value emailed directly to you free of charge and with no obligation.

Bellingham Home Value

 

If you have immediate question about real estate don’t hesitate to contact us toll free at 1-888-713-3056 or via email at Info@JohnsonTeamRealEstate.com

How Many Homes Are For Sale?

The number of real estate signs you see in yards can be decieing as to the number of home actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Friday, September 8th, the pending ratio in Bellingham was 34%. Click the links to view a report of how many homes are for sale in each area and price range and how many of them are pending showing just how active certain sectors of the market are.

Birch Bay has a pending ratio of 34%

The Ferndale pending ratio was 37%

The Lynden pending ratio was 31%

The Sudden Valley pending ratio was 25%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you will all your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com

How Supply and Demand Impacts Real Estate Home Values

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
  • Anything under a 6-month supply is a seller’s market!
  • Nationally, there has not been a 6-months inventory supply since August 2012!
  • Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.

If you have any questions, please contact us toll free at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

4 Reasons to Buy a Home This Fall!

 

4 Reasons to Buy a Home This Fall! | MyKCM

 

Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage either yours or your landlord’s.

As an owner, your mortgage payment is a form of˜’forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on With Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If purchasing a home for you and your family is the right thing for you to do this year, buying sooner rather than later could lead to substantial savings. Contact us today at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Just Listed – Move In Ready Lynden Home!

3 bedroom, 1.75 bath, 1,792 sq feet.

1802 Fairview Court

fairview

1802 Fairview Court is a wonderful property in a super walk-able part of Lynden. The home features 3 bedrooms and 1.75 baths. Move in ready at the back of the cul-de-sac. This 1 level home has a full unfinished basement ready for your finishing touches to double the size. A newer furnace, roof and a brand new hot water tank make maintenance years down the road. Plus, it is clad with Hardi Plank siding a new yard is being installed. There is even a space in the back for a nice garden.

Additional Information1190497_05_I6Y8JNlt

  • Property Description Cable TV, Patio
  • Taxes $3,246
  • Lot Size 0.26 Acre (11,326 SqFt)
  • Garage Size 2 Car
  • Exterior Cement Planked, Wood
  • Fireplaces 1 Fireplace
  • Heating/Cooling Central Air, Forced Air
  • Roof Composition Roof
  • Flooring Vinyl Floor, Wall to Wall Carpet

For more information on the home or to schedule a showing visit our website or call (360) 303-2734 today!

America Needs Your House!!

America Needs Your House!! | MyKCM

The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added):

Mark Fleming, First American’s Chief Economist

The underlying fundamental issue is an overwhelming lack of supply ‘The supply of newly constructed homes is also sagging, adding to the supply challenges. Over the last eight years, housing demand has increased by 5.9 million, but the net new number of housing units has only increased by 3.5 million.'”

Svenja Gudell, Zillow’s Chief Economist

Everyone has been talking about tight inventory but I think we are OK calling it a straight up inventory crisis at this point. We just don’t have enough homes.”

Sean Becketti, Freddie Mac’s Chief Economist

House prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust. The spoiler is the lean inventory of houses for sale.”

Lawrence Yun, National Association of Realtors’ Chief Economist

Listings in the affordable price range continue to be scooped up rapidly, but the severe housing shortages inflicting many markets are keeping a large segment of would-be buyers on the sidelines.”

Bottom Line

If you are considering selling your house soon, now may be the time to get it on the market. The lack of competition could lead to a faster sale at a higher price. If you have any questions, please contact us toll free at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.