How Fast Can You Save for a Down Payment?

How Fast Can You Save for a Down Payment?

How Fast Can You Save for a Down Payment? – Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take you to save for a down payment in each state.
Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.
By determining the percentage of income spent renting a 2-bedroom apartment in each state, and the amount needed for a 10% down payment, we were able to establish how long (in years) it would take for an average resident to save enough money to buy a home of their own.
According to the data, residents in Iowa can save for a down payment the quickest in just under 2 years (1.99). Below is a map created using the data for each state:
How Fast Can You Save for a Down Payment? | MyKCM

What if you only needed to save 3%?

What if you were able to take advantage of one of Freddie Mac’s or Fannie Mae’s 3% down programs? Suddenly, saving for a down payment no longer takes 5 or 10 years, but becomes attainable in a year or two in many states as shown in the map below.
How Fast Can You Save for a Down Payment? | MyKCM

Bottom Line

Whether you have just started to save for a down payment, or have been saving for years, you may be closer to your dream home than you think! Let’s meet up so I can help you evaluate your ability to buy today.
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Thinking of Selling? Now Is the Time to Act

 

Thinking of Selling? Now Is the Time to Act

Thinking of Selling? Now Is the Time to Act – If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
“The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.”
Smoke goes on to say:
“We started the year with the lowest inventory of homes available for sale that we’ve ever seen on realtor.com. While we did see inventory grow 2% in February, total inventory was down 11% over last year.”
In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.
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What Are the Experts Saying about Mortgage Rates?

What Are the Experts Saying about Mortgage Rates?

 

What Are the Experts Saying about Mortgage Rates?Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying:

“In 1984, 1994, 2000, and 2013, every time we have rate increases, we have increases in nominal home prices. We expect this to be more pronounced, as there is a big demand-and-supply gap at the present time.”
“The tightening labor market, rising wage growth, high levels of consumer confidence and a millennial generation with a pent-up demand for housing should allow the housing market to weather the storm of gradually rising interest rates.”
“Although we strongly believe that the housing supply-demand imbalance for single-family homes will continue to drive above-average home price appreciation, just as falling mortgage rates aided pricing power on the margin in recent months, we expect the opposite effect to become evident in the coming months. As such, we project year-end home price inflation of 4.8% for 2017 and 4.1% for 2018.”
“A modest increase in mortgage rates won’t have much of an effect on home purchases. A buyer may need to slightly re-evaluate which homes they can afford, but it’s not likely to make an impact on qualifying, in most cases.”
“Our survey data shows that mortgage rates would have to be significantly higher to have any meaningful impact. The house buying power that borrowers have, even with rates below five percent, still remains historically strong.”
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Mortgage Rates Impact on 2017 Home Values

 

Mortgage Rates Impact on 2017 Home Values – There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.
The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.
In a recent study of industry experts, “rising mortgage Interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow demand for housing, home values will be impacted.
To this point, Pulsenomics, recently surveyed a panel of over 100 economists, investment strategists, and housing market analysts, asking the question “In your opinion, at what level will the 30-year fixed rate mortgage rate significantly slow home value appreciation?” The survey revealed the following:

Bottom Line

Most experts believe that rates would need to hit 5% or above to have an impact on home prices.
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11545 Pampus Dr – Jurupa Valley – CA 91752 For Sale by Celina Vazquez

11545 Pampus Drive- Jurupa Valley, CA 91752

http://www.11545pampusdr.com

feff9-11545-pampus-drive-jurupa-valley-ca-91752-sky-country-community-celina-vazquez-realtor-909-697-0823-keller-williams-realty-horse-property-for-sale-large-lots-front-8

Celina Vazquez Broker/Realtor represents this beautiful #Ranch-Style property located in the very desirable community of #SkyCountry of #JurupaValley one of the newest City of the Inland Empire of the County of Riverside, California. A single story #horse property features 4 bedrooms, 2 full bathrooms and bonus room. Spacious open floor concept with a large fully remodeled kitchen with new cabinets, new granite counter tops and new appliances. Large family room with cozy brick fireplace and open to the dining area, there is bonus room that can be utilized as a 5 bedroom or use as a family room. Spacious bedrooms with ceiling fans and wall-to-wall closets, master bedroom has a large master bath fully remodeled. The large patio overlooks the ½ acre lot. There is new paint, new carpet in the bedrooms area and fully remodeled bathrooms. #SkyCountry is a ranch-style community conveniently located with close proximity of the 15, 60, 10 and 91 freeway. Its location is very advantageous for business commuters who travel to major employment to #Riverside, San Bernardino, Los Angeles and Orange County. The Metrolink station-running rail serves to the greater Los Angeles area. #SkyCountry Community offers large estates size lots and are equestrian properties in a rural environmental but within minutes from the city. #LaramorePark is an #Equestrian Park located inside of #SkyCountry Community which facility is available for you to drop-in use and can follow the horse trails across #SkyCountry. The Santa Ana River is within minutes, which has a facility available to park your truck and trailer for the day and access the horse trails along the river. #JurupaValley High School, Mira Loma Middle School, and #Sky Country Elementary are the schools designated to the #SkyCountry Community. #Wineville &  #Vernola Family Pak are located within minutes of the house. The #Eastvale Gateway shopping center is a power center with stores like Home Depot, Best Buys, Target, Homegoods, Dress Barn and fine restaurants for dining like Carino’s Italian Restaurant, On The Border, Pacific #FishGrill and Applebees are just less than 2 miles away. The Vernola Shopping Center with stores like #Kirkland, Lowe’s, Bed Bath & Beyond, Ross, are just 2 minutes away from this gorgeous home. The Big League Dream Park is another park just around the corner from #Sky Country and right next to #JurupaValley High School. Horse communities are scattered throughout the Inland Empire and #SkyCountry Community is one of them. In a city where lot sizes have shrunk steadily for the past two decades, this is a great opportunity to obtain your #SkyCountry, #JurupaValley home with great land. Contact Celina Vazquez at 909-697-0823 or email at celina@celinavazquezrealtor.com to schedule a showing. 

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Celina Vazquez

www.celinavazquezrealtor.com

909-697-0823

9d6cc-celina-vazquez-realtor-jurupa-valley-91752

11510 Park Center Dr, Jurupa Valley, CA 91752 Sky Country Home For Sale by Celina Vazquez Realtor

“JUST LISTED”
WWW.11510PARKCENTERDR.COM
11510 Parkcenter Dr
Jurupa Valley, CA 91752
 
Open House
Sunday, May 1st, 2016
From 1:00 – 3:00 PM
Celina Vazquez Realtor with Keller Williams Realty- Rancho Cucamonga represents this beautiful horse property located in one of the Jurupa Valley’s most sought communities Sky Country. This California Ranch Home single-story features 3 bedrooms, 2 bathrooms, large bonus room/family room, and 1,650 Square Feet home on over ½ acre lot with 2-car garage with direct access.
The kitchen has been beautifully remodeled with granite overlay counters, newer 4-burner stainless steel Frigidaire gas range/oven and newer laminate flooring.  The living room has an impressive corner fireplace with a circular hearth, formal dining room/ dining room with open concept to the large kitchen and view to the enclosed patio. Large bonus room that can be use as a 4 bedroom or family room. With 23,087 square feet lot beautiful landscape backyard is designed for peace and privacy and for entertaining.  Two-stall stable, three custom storage sheds and gorgeous sparking blue swimming pool.  This house has plenty of room for all your toys, RV, horses, hay and more. 
Sky Country Community is designed with ½ acre home ranches so ideally suited to its beautiful country living and is conveniently located with close proximity of the 15, 60, 10, 91 freeways. Its location is very advantageous for business commuters who travel to mayor employment to Riverside, San Bernardino and Orange County. Sky Country Community is near an abundance of family friendly amenities within minutes of the Big League Dreams, Vernola Park which features sports fields and outdoor basketball courts. Wineville Family park features baseball park, Laramore park is an Equestrian park.  Jurupa Valley High School, Mira Loma Middle School and Sky Country Elementary School are the schools designated to the Sky Country Community of the Jurupa Unified School District.  The Eastvale Gateway Shopping Center is a power center with stores like Home Depot, Best Buys, Target, Homegoods, and Dress Barn. The Victoria Gardens and The Ontario Mills Shopping Malls are within minutes of this community.  For more information about this home, or to make an appointment for private showing, please contact Celina Vazquez of Keller Williams-Rancho Cucamonga @ 909-697-0823 of email celinalvz@gmail.com.
 
 

https://player.vimeo.com/video/164197695

 

 

 

 

 

We Look Forward To Connecting With You Soon!
Celina Vazquez 
909-697-0823
Cal BRE # 01736989


 

11302 58th Street Jurupa Valley Just listed Sky Country Home by Celina Vazquez

JUST LISTED
 
SKY COUNTRY HOME
 
WWW.1130258THSTREET.COM
 
11302 58TH STREET
JURUPA VALLEY, CA 91752
 
CELINA VAZQUEZ
 Celina Vazquez Broker/Realtor with Keller Williams-Rancho Cucamonga represents this beautiful ranch-type home located inside of the Sky Country Community of one of the newest Cities of the County of Riverside, Jurupa Valley. This beautiful horse property features three bedrooms, 2 bathrooms, bonus room that can be use as a family room or extra bedroom and 2-car garage with direct access.
With over 1,650 Square Feet of living space and a lot of ½ acre this ranch-type home features a beautiful floor plan with a large kitchen with tile counters, 4 burner stove, double sink with disposal and large pantry. Large open space to the dining room and living room that has a wood/gas-burning fireplace and large windows with plenty of natural light, and a large master bedroom with large wall-to-wall closet.
There is a cover patio to spend great afternoons over looking the beautiful landscaped backyard with automatic irrigation system and fruit trees. There is a storage shed nicely built in the back for additional storage.
Your home at Sky Country is surrounded with recreation facilities that suit every phase of outdoor or indoor activity. Wineville & Vernola Family Parks are located within minutes. Sky Country Community has equestrian trails throughout and the Laramore Park is an Equestrian Park for horseback riding and training.
Sky Country Community is conveniently located with close proximity of the 15,60,10 and 91 freeways. To the north through Ontario and Rancho Cucamonga the shopping centers of the Ontario Mills and the Victoria Gardens are within minutes of this community. The Eastvale Gateway Shopping Center is a power center with stores like Home Depot, Best Buys, Target, Homegoods, Dress Barn and fine restaurants like Corino’s Italian Grill, To the Border Restaurant and Corky’s Kitchen & Bakery is just minutes away. The Vernola Market Place with stores like Bed Bath and Beyond, Kirkland Home Decor and Michaels, BevMo! is another shopping center within just minutes away from the community of Sky Country. The Big League Dream Park is another baseball park just around the corner from Sky Country. Sky Country Community is served by Jurupa Valley High School, Mira Loma Middle School and Sky Country Elementary. Horse Communities are scattered throughout the Inland Empire and Sky Country Community is one of them.  This is a great opportunity to obtain your ranch-type home. For more information about this home, or to make an appointment for private showing, please contact Celina Vazquez of Keller Williams-Rancho Cucamonga @ 909-697-0823 of email celinalvz@gmail.com.
 
 
 
 
Celina Vazquez
BRE# 01736989
Broker/ Realtor / CCRM/ GRI
 

561 W Parkwood Ave, La Habra CA Just Listed by Celina Vazquez

JUST LISTED
561 W Parkwood Avenue
La Habra, CA 90631
Presented by
Celina Vazquez
Broker/Realtor
Open House Sunday, April 24th From 12:00 to 3:00 PM

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Celina Vazquez Realtor from Keller Willimas Realty- Rancho Cucamonga proudly presents this gorgeous single story La Habra beauty with very spacious floor plan features 3 bedrooms, 2.5 bathrooms with 2-car garage with direct access.  A great floor plan that is light and bright throughout. Beautiful entry with large formal living room, separate dining room. Fabulous kitchen with stainless slate finish appliances, large family room with cozy gas-fireplace that stand out for its understated yet glamorous approach to fireplace design with beautiful finish with carrara marble mosaic tile. Large master bedroom with sitting area and large closets and large master bath. Plantation shutters in the living room. When relaxing, you can enjoy the front porch that is the perfect space for year round outdoor entertaining with sunset views.  This home is centrally located from shopping centers, Imperial Middle School, and Las Positas Elementary School are within walking distance.  561 W Parkwood Ave, La Habra, CA 90631 is proudly presented by Celina Vazquez – Keller Williams Rancho Cucamonga for more information or private showing. 909-697-0823

 

 

 

 

 

 

 

 

 

 

 

 

909-697-0823
Celina Vazquez
 
 
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11569 Humber Dr -Jurupa Valley – CA -91752- For Sale – By Celina Vazquez Realtor

Coming Soon!
Sky Country Home
11569 Humber Drive
Jurupa Valley, CA 91752
 
Presented by 
 
Celina Vazquez Realtor / Broker 
 
Celina Vazquez of Keller Williams –Rancho Cucamonga is proud to present another Premier Property located in the beautiful Sky Country Community of Jurupa Valley.  With 1,883 Square Feet of living space this gorgeous single-story ranch home features 4 bedrooms, Bonus Room and 2 bathrooms on nearly ½ acre lot with 2-car garage and open floor plan.
The living room with a cozy gas/wood burning fireplace has an open concept to the dining room. Large kitchen with tile counters, 5 burners stove and a grill, built-in microwave, newer multi-cycle dishwasher and plenty of cabinetry to store all your pots and pans and large nook area. Tile floors in kitchen, halls and dining room, upgraded carpet throughout the living room and bedrooms. Kitchen doors opens to a bonus room, which can be use as bedroom, family room or an office.  Attached 2-car garage with laundry hook ups for a full-size washer and dryer.  There are two roomy closets for linens. Wall-to-wall closets in each room and large master bedroom with sliding door that leads to the beautiful well manicured back yard.
The resort-like backyard is designed for peace and privacy and for entertaining. Gorgeous sparkling blue swimming pool gated all around. The gorgeous well-manicured backyard has fruit trees like citrus, avocado, apple, lime and pecan trees. In addition, there is a single story 1,000 square feet garage workshop, which is an ideal solution for those in need of extra parking and room for woodworking, crafts or home improvement.  The workshop has plenty space for a workbench, and the overhead garage doors make it easy to move tools and supplies in and out of the workshop. The additional two-car garage will provide plenty of room for storage and your everyday cars as well as space for the family bikes, lawn mower or garden tools.  If you own an RV you will love the large drive way designed for RV parking.
This gorgeous home is located in Sky Country which is a community located in the newest City of the Inland Empire, Jurupa Valley. Sky Country is a planned community of ½ acre ranch style homes. Conveniently located near the 15, 10, 60 and 91 Freeway. Sky Country location is very advantageous for business commuters who travel to major employment to Riverside, San Bernardino and Orange County. The Metrolink station-running rail serves to the greater Los Angeles area.   Your home at Sky Country is surrounded with recreation facilities that suit every phase of outdoor and indoor activity. Sky Country has 3 parks Vernola Park, Wineville Park and Laramore Park; Laramore Park is an equestrian park. Great shopping centers like Vernola Shopping Center and Eastvale Gateway Center. These shopping centers have great stores like Kohl’s, Target, Dressbarn, Tilly’s, TJ Maxx, Home Goods, Best Buy and much more. Great family restaurants like Applebess, Carino’s Italian Restaurant, Pacific Fish Grill, Blaze Pizza and many more. Sky Country schools are Sky Country Elementary, Mira Loma Middle School, and Jurupa Valley High School. For more information about this home, or to make an appointment for a private showing, please contact Celina Vazquez of Keller Williams Realty- Rancho Cucamonga at (909) 697-0823 or e-mail celinalvz@gmail.com.
Gorgeous well manicure backyard
Beautiful Swimming Pool
Garage Workshop

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 Gorgeous Storage Shed
Celina Vazquez 
909-697-0823
Cal BRE # 01736989
 
 
Celina Vazquez
Broker/Realtor
 

11302 58th Street, Jurupa Valley, CA 91752 For Sale by Celina Vazquez

COMING SOON!!
FOR SALE
Celina Vazquez of Keller Williams Rancho Cucamonga presents this gorgeous California Ranch single story home located in the desirable community of Sky Country, Jurupa Valley, CA 91752. This beautiful home features 3 bedrooms, 2 bathrooms with over 1,600 Square Feet of living space on 1/2 acre lot with a 2 car garage with direct access and large open floor plan.
Large kitchen with remodeled kitchen cabinets, pantry, tile counter tops. 4 burner stove, multi-cycle dishwasher and double sink with disposal.
Large family room with plenty of light and cozy fireplace and open concept to the dining room and large breakfast bar. Newer laminate floors throughout the family room and bonus room with carpeted bedrooms.
The master bedroom has a very spacious floor plan with wall to wall closet and large master bathroom. This home features a 4 bedroom as a bonus room. The large backyard is divided and ready for comfortable living, half is fully landscaped with automatic irrigation system and plenty of fruit trees and storage shed for all the extras. Gorgeous patio to enjoy great afternoon overlooking the gorgeous large backyard. RV access and plenty of room to build additional garages to store any toys. This horse property is located inside of the equestrian community of Sky Country. Laramore Equestrian Park is within minutes of this house. The Jurupa River and his trails are just minutes away.  Be sure to put this one a the top of your list to tour soon!
Jurupa Valley is the newest City of the Inland Empire located in the Riverside County and Sky Country is one of the fewest equestrian community with 1/2 acre of home properties. Conveniently located near the 15, 60 and with minutes of the 10 and 91 freeway for easy commute to Orange County, LA County.
11302 58th Street, Jurupa Valley, CA 91752 is proudly presented by Celina Vazquez from Keller Williams Rancho Cucamonga you can reach Celina @ 909-697-0823 for a private viewing.
Please Feel Free To Call, Text, or Click For More Information!
We Look Forward To Connecting With You Soon!
Celina Vazquez Home Selling Team
 
909-697-0823
Cal BRE # 01736989