Regal Cinemas Summer Movies: $1 All Summer Long!

Regal

Every summer, Regal Cinemas offers $1 kids movies on Tuesdays and Wednesdays at 10:00 am.

This summer is no exception! 2 movies play on both Tuesdays and Wednesdays. The lineup this summer looks awesome. There are 9 weeks of kids movies, rated either G or PG. If you would like to see the movies and dates offered this summer for just $1, click here! A portion of the proceeds even goes to the Will Rodgers Institute. Maybe we’ll see you there!

Your Monday Bellingham Real Estate Update

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The number of real estate signs you see in yards can be deceiving 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 Saturday, April 8th, the pending ratio in Bellingham was 49%. 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 39%

The Ferndale pending ratio was 39%

The Lynden pending ratio was 46%

The Sudden Valley pending ratio was 51%

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

Consumer Confidence in Economy & Housing is Soaring

Consumer Confidence in Economy & Housing is Soaring | MyKCM

The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject.

HousingWire:

“Consumers’ faith in the housing market is stronger than it’s ever been before, according to a newly released survey from Fannie Mae.”

Bloomberg:

“Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate.”

Yahoo Finance:

“Confidence continues to rise among America’s consumers…the latest consumer sentiment numbers from the University of Michigan showed that in March confidence rose again.”

MarketWatch:

“U.S. consumers are the most confident in the U.S. economy in 15 years, buoyed by the strongest job market since before the Great Recession. The survey of consumer confidence rose…according to the Conference Board, the private company that publishes the index. That’s the highest level since July 2001.”

Ivy Zelman, in her recent Z Report, probably best capsulized the reports:

“The results were incredibly strong and…offer one of the most positive consumer takes on housing since the recovery started.”

2017 looks to be a great year for real estate. Contact us with any questions you may have. Phone: (360) 303-2734 or email info@johnsonteamrealestate.com.

Ticket Blitz for the Northwest Washington Fair!

NW Wa Fair

One day only!

Get your Northwest Washington Fair tickets in Lynden early and at a discounted price!

Stop by on Thursday May 18 between 7:00 am – 11:00 am, grab a coffee and your Northwest Washington Fair tickets.

This exclusive deal will be available at all Woods Coffee Locations in Whatcom and Skagit Counties. Inside only.

Your Snowy Whatcom County Real Estate Update!

The number of real estate signs you see in yards can be deceiving 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 Saturday, Feb. 4th, the pending ratio in Bellingham was 48%. 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 24%

The Ferndale pending ratio was 34%

The Lynden pending ratio was 41%

The Sudden Valley pending ratio was 42%

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

Homeownership Offers Stability & Wealth Creation

Homeownership Offers Stability & Wealth Creation | MyKCM

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

-They want the opportunity to build equity.

-They want a stable and safe environment.

Building Equity

In a recent article by The Mortgage Reports, they report that “buying and owning a home is the essence of ‘The American Dream.’ Each month, your housing payments go toward owning your home instead of renting it; building your personal wealth and assets instead of someone else’s.

History has shown that homeownership is a clear path to wealth-building, with homeowners boasting a net worth [that is] multiples higher than the net worth of renters.”  

Family Stability 

Does owning your home really create a more stable environment for your family?

survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:

  • 68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
  • 53% of property managers said that they were more likely to bring in a new tenant at a higher rate than to negotiate and renew a lease with a current tenant they already know.

We can see from these survey results that renting will provide anything but a stable environment in the near future.

Bottom Line

Homeowners enjoy a more stable environment, and at the same time are given the opportunity to build their family’s net worth.

Johnson Team Real Estate is here to help you become a homeowner! Call us today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com

If Your Home Hasn’t Sold Yet… Check the Price!

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The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it is probably because of the price.

 

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.

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Bottom Line

The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation.

Source: KeepingMattersCurrent

If you are curious about your home’s value in today’s market or have questions about real estate pricing call us locally at (360) 303-2734 or email us at Info@JohnsonTeamRealEstate.com, we’d be happy to help!

Click to receive a FREE no obligation home value report via email!

home-worth

Celebrate New Year’s Eve Safely This Year!

While ringing in the new year please don’t forget to take the time to remember some important safety tips to keep everyone safe! Below are some tips courtesy of USA.gov to help you usher in 2016.

If you are hosting a New Year’s Eve party, following a few simple rules could prevent a tragedy:

  • Plan ahead by naming a “designated driver.” Make this your responsibility as the host.
  • Contact a local cab company to provide rides for your guests.
  • Serve non-alcoholic beverages as an option to your guests.
  • Stop serving alcohol to your guests several hours before the party ends.
  • Provide your guests with a place to stay overnight in your home.

If you are attending New Year’s Eve parties and celebrations:

  • If you drink, don’t drive.
  • Plan ahead and always designate a sober driver before the party or celebration begins.
  • If you are impaired, call a taxi, use mass transit, or get a sober friend or family member to come pick you up.
  • Take the keys from someone if you think he/she is too impaired to drive.

Happy New Year from all of us at The Johnson Team Real Estate!

What’s Your Home Worth?

Bellingham Home Values

To chat directly about the value of your home you can reach us toll free at 1-888-713-3056, locally at 303-2734 or by email at Info@JohnsonTeamRealEstate.com

Think All Millennials Live in Their Parent’s Basement? Think Again!

Think All Millennials Live in Their Parent's Basement? Think Again! | MyKCM

According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America’s youth born between 1982-2000, now represent more than one quarter of the nation’s population, totaling 83.1 million.

There has been a lot of talk about how, as a generation, millennials have ‘failed to launch’ into adulthood and have delayed moving out of their family’s home. Some experts have even questioned whether or not millennials want to move out.

The great news is that not only do millennials want to move out… they are moving out! The National Association of Realtors (NAR) recently released their 2016 Profile of Home Buyers and Sellers in which they revealed that 61% of all first-time homebuyers were millennials in 2015!  

The median age of all first-time buyers in 2015 was 31 years old. 

Here is chart showing the breakdown by age:

Think All Millennials Live in Their Parent's Basement? Think Again! | MyKCM

Many social factors have contributed to millennials waiting to buy their first home. The latest Census results show that the median age of Americans at the time of their first marriage has increased significantly over the last 60 years, from 23 for men & 20 for women in 1955, to 29 & 27, respectively, in 2015.

Those who went to college and took out student loans are finally paying them off, as the terms on traditional student loans are 10 years. This means that a large portion of the generation is making its last loan payments and is working toward saving for a first home.

As a whole, the first-time homebuyer share increased to 35% of all buyers, up from 32% in 2014. Not all millennials are first-time buyers, they also made up 12% of all repeat buyers!

Bottom Line

Millennials will continue to drive the housing market next year, as well as in the years to come. As more and more realize that owning a home is within their grasp, they will flock to own their piece of the American Dream. Are you ready to buy your first or even second home?