Goodnight 😘 #🌙

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What Would a Millennial Baby Boom Mean for Housing?

Recently released data from the #National Center for Health Statistics revealed that 1.3 million Millennial women gave birth for the first time in 2015. There are now over 16 million women in this generation who have become mothers.

“All told, Millennial women (those born between 1981 to 1997) accounted for about eight in ten (82%) of U.S. births in 2015.”

The data also shows that this generation has waited until later in life to become parents as only 42% of #Millennial women were moms in 2014, compared to 49% of #Generation X at the same age. A #Pew Research Center article discussing the data, points to social influences that may have contributed to the delay:

“The rising age at first birth is hardly limited to the Millennial generation. It has been a trend since at least 1970. Many factors may contribute, including a shift away from marriage, increasing educational attainment and the movement of women into the labor force.”

Do Millennials Want to Be Parents?

“While Millennials may be delaying parenthood, it’s not for a lack of interest in eventually becoming moms and dads. Members of this generation rated being a good parent as a top priority in a 2010 Pew Research Center survey.  

Some 52% said it was one of the most important goals in their lives, well ahead of having a successful marriage, which 30% said was one of their most important lifetime goals.”

So, What Does This Mean for the Housing Market?

As Jonathan Smoke, #Chief Economist for #realtor.com explained: “At any given time in our history, demographics would explain 60-80% of what’s happening [in the market], and we are in a period of time where Millennials make up a largest demographic group.” 

As more and more #Millennial families are formed, this generation will shift their focus to providing the best home for their children to grow up in, the best school districts, and often to the stability that owning a home of their own provides.

Two-thirds of #Millennials have not yet reached the average first-time home buying age of 32, as reported by the #National Association of Realtor. The homeownership rate amongst Millennials has nowhere to go but up!

Bottom Line

#Millennials as a generation have delayed traditional social norms until later in their lives. Whether getting #married, having #children or #buying a #home, the desire to provide for their family is still there, even if it takes a little while longer than it did for previous generations.

For More Info Please Call or Visit: www.celinavazquezrealtor.com

(909)697-0823

Good #morning my #amigos

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5 Myths About Real Estate Reality TV Explained

5 Myths About Real Estate Reality TV Shows Explained

Have you ever been flipping through the #channels, only to find yourself glued to the couch in an #HGTV reality binge session? We’ve all been there… watching entire seasons of “#Love it or List it,” “#Fixer Upper,” “#House Hunters,” “#Property Brothers,” and so many more, just in one sitting.

When you’re in the middle of your #real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and make a decision to purchase one of them.

Truth: There may be buyers who fall in love and buy the first home they see, but according to the #National Association of Realtors the average homebuyer tours 10 homes as a part of their search. 

Myth #2: The houses the buyers are touring are still for sale.

Truth: The reality is being staged for TV. Many of the homes being shown are already sold and are off the market. 

Myth #3: The buyers haven’t made a purchase decision yet.

Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

Myth #4: If you list your home for sale, it will ALWAYS sell at the #Open House.

Truth: Of course this would be great! Open houses are important to guarantee the most exposure to buyers in your area, but are only a PIECE of the overall marketing of your home. Just realize that many homes are sold during regular listing appointments as well.

Myth #5: Homeowners make a decision about selling their home after a 5-minute conversation.

Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives/goals.

Bottom Line

Having an #experienced #professional on your side while navigating the real estate market is the best way to guarantee that you can make the home of your dreams a reality!

For More Info Visit www.celinavazquezrealtor.com

When you see someone without an #smile, give them one of yours #6amsuccess it just #Monday #beliveinyourself #beautifulstateofmind

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#available #now #single #homesforsale #fontana #CelinaVazquez Broker/Realtor of Realty Masters & Associates #RanchoCucamonga presents this gorgeous two-story #family residence located in the Silver Ridge Community of North #Fontana. The #home features 3 bedrooms, loft, formal living room, and large family room with open concept to the kitchen area, 2.5 bathrooms and 2-Car Garage with direct access. This gorgeous home with features 2,180 Square Feet of living space and 5,100 Square Feel Lot features a beautiful entry way with laminate #flooring and high ceilings, large living room with brand new wood shutters. Large #kitchen with plenty of cabinets for all the pots & pans, 4-burner gas stove, multi-cycle #dishwasher, dual sink with disposal and large pantry. Adjusted to the kitchen is a large #family room with cozy gas-only #fireplace. The combination of #familyroom, dining room offers recess lighting, brand new wood shutters and slider door to the spacious patio and #backyard. The well manicure and spacious backyard is perfect for outdoor entertaining. The #mastersuite has a large walk-in closet, his and hers vanity, separate shower & tub. Large loft in second level for additional entertainment center. This beautiful house is located in the North side of Fontana just minute away from the 210 and the 15 freeway. The #VictoriaGardens Shopping Center is just 10 minutes away. The #VictoriaGardens is a beautiful shopping center pedestrian-oriented, open-air concept, mixed-used town center with stores such Macy’s, #JcPenney, #BassProShops, #Express, Banana Republic, #bebe, Brighton and many more. Great restaurants to dinning in such #BRIO Tuscan grille, #California Pizza Kitchen, The #Cheesecake Factory, #CrepesDeParis, #Lucille’s Smoke House, Bar-B-Que, #LunaMexicanGrill, #YardHouse and many more. Dorothy Grant elementary School, Wayne Ruble Middle School and #A.B. Miller High School are the designated schools for this area. The Fontana Park a 38 acres of fun of recreational activities for the entire family is jut 10 minutes away. This beautiful will hit the market February 1st, 2017. To schedule a private showing contact #CelinaVazquez 909-697-0823

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Why Pre-Approval Should Be Your First Step

In many markets across the country, the number of #buyers searching for their #dream #homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach. 

Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many #advantages of working with a local #real #estate #professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a #lender, you will need to fill out their loan #application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.” 

Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:

1. Capacity: Your current and future ability to make your payments
2. Capital or cash reserves: The #money, #savings and #investments you have that can be sold quickly for cash
3. Collateral: The #home, or type of home, that you would like to #purchase
4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show #home #sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.