It’s National ‘Roof Over Your Head’ Day!

It’s ‘National Roof Over Your Head’ Day!
Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd? We celebrate “roofs over heads” every day, but our friends at Keeping Current Matters reminded us that today is the official day to celebrate. 

As noted on the National Calendar, this day was “created as a day to be thankful for what you have, starting with the roof over your head. There are many things that we have that we take for granted and do not stop to appreciate how fortunate we are for having them.”

From bungalows to cottages, and farmhouses to treehouses, today we show our appreciation and gratitude for the places we call home. Owning the roof that shelters us is something many renters still aspire to, knowing there are so many financial and non-financial benefits to homeownership.

According to the 2019 State of the Nation’s Housing from the Joint Center for Housing Studies of Harvard University,

“Cost-burdened renters now outnumber cost-burdened homeowners by more than 3.0 million. In addition, renters make up 10.8 million of the 18.2 million severely burdened households that pay more than half their incomes for housing.”

Homeownership drives many benefits, including providing families with a place to feel secure. It also helps promote confidence that they are investing proactively in themselves and their communities. That is why there are 77.7 million owner-occupied housing units in the United States.

Many, however, fear it is too expensive to own a home. In reality, though it’s actually more expensive to rent. Here’s the breakdown as a percentage of income necessary for both – affording median rent and owning a home:

It’s ‘National Roof Over Your Head’ Day! | Keeping Current Matters

Today as we pause to appreciate the places we call home, and all of the other reasons we have to be truly thankful, think about this: For those who don’t own yet and would like to, it’s a wonderful time to start identifying the steps needed to achieve homeownership. Contact The Ransom-McKenzie Team today to begin creating your plan.

Over The Edge for Habitat

For the second year, the Ransom-McKenzie Team has supported Habitat for Humanity Riverside’s Over the Edge fundraiser. Last year, all three team members went Over the Edge and we raised $5,000. This year, we shot for the same goal with just Connie going over the edge.

We once again raised $5,000 to support Habitat’s great efforts in the Inland Empire to provide affordable housing to at-risk families here. This event is a fun opportunity to raise awareness for a dire need in our community while having a good time experiencing the thrill of rappelling off of one of Downtown Riverside’s tallest buildings, Regency  Tower on Orange Street. This year’s thrill was even more exciting because Connie, at 82 years old, was the oldest participant to go Over the Edge in Riverside. She made it look incredibly easy too!

Connie Press Enterprise

Selling real estate in Riverside, The Ransom-McKenzie Team knows what it takes to be able to afford a home. Connie, together with her team members Charlotte and Bob McKenzie, (who are also her daughter and son-in-law), welcome the opportunity to help people find affordable, safe housing in the community. 2019 OTE Connie BowsHabitat for Humanity’s mission statement clearly states that they “believe that everyone should have a safe, decent and affordable place to call home”. This is why we feel it is so important to not only raise money for Habitat for Humanity but to also raise awareness of the need for affordable housing in our region.

Through the fundraising efforts of the Over the Edge event, Habitat for Humanity Riverside raises funds to help bring their mission to fruition. Prospective homeowners put in sweat equity, and go through extensive life skills training in order to qualify for the Habitat for Humanity’s housing programs. This investment of time and effort gives the new homeowners a feeling of accomplishment as well as pride as they turn the key to open the door of their new home for the first time.

The Ransom-McKenzie Team is proud to be able to be part of this community-building organization. Working together with community partners like Habitat for Humanity helps to make Riverside a great place to live.

2019 OTE Group Shot

The Ransom-McKenzie Over the Edge Team on site. (L to R) Sarah Beresford, Bob McKenzie, Charlotte McKenzie, Roger Ransom, and Connie Ransom

 

Don’t be Scared, Be Smart

There is no need to be scared when you’re working with the Ransom-McKenzie Team!

Buying a home can be scary!

Give us a call today or visit our website at RansomMcKenzieTeam.com. We’ll make buying or selling your next home fun, not scary.

To Stage or Not To Stage

Our clients often ask us whether staging a home is an important part of getting their home sold quickly.  It can be. A well staged home does make a difference.

Staging is not just referring to putting furniture into a vacant home. It also refers to what we ask our sellers to do when preparing their home for sale. One of the most basic, yet effective staging strategies is decluttering the home. This could include everything from cleaning out closets to moving out furniture that makes a room look too small. Other staging game plans could include more extreme measures such as replacing carpet, painting or even replacing kitchen counter tops.

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Days on the Market Hits All Time Low

According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. In Riverside this number is under 20 days in some neighborhoods.

Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract. The time needed to sell a home has dropped substantially since its highest mark of 11 weeks in 2012.

The chart below shows the median weeks on the market from 1987 to today.

Time on the Market Drops to New Low in 2017 | Keeping Current Matters

Bottom Line

If you are a homeowner who is debating whether or not to list your home for sale, know that national market conditions are primed for a quick turnaround! Give The Ransom-McKenzie Team a call today to get a free property value report. We would love to help you sell your home.

Multi-Generational Households May Be The Answer To Price Increases

Multigenerational Households May Be the Answer to Price Increases | Keeping Current Matters

Multi-Generational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multi generational household – a household with two or more adult generations, or grandparents living with grandchildren – a level that hasn’t been seen in the U.S. since 1950.”

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Feeling Stuck in Place?… You Aren’t Alone

Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope! | Keeping Current Matters

Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.

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Median Days on the Market Drops Again!

Throughout this year the median days on the market (DOM) has consistently gotten lower every month.  When compared to year over year figures from 2016, there is often a 50% drop in the number of days on the market.

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5 Reasons to Hire a Real Estate Professional when Buying or Selling

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

CB Ransom McKenzie Logo

The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam. Read More

5 Reasons Home Ownership Makes ‘Cents’

The American Dream of home ownership is alive and well. Recent reports show that the US home ownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities.

Home Ownership Makes Cents

The benefits to home ownership are numerous and varied. Today we want to talk about the top 5 financial reasons you should own your own home. Read More