Oxnard, California

In Oxnard, California, $485,000 is the median amount a house is worth. Home values have increased substantially in 2017 - at 8.1 percent. It is anticipated that the value of homes will increase 4.8 percent in 2018.

These strong increases in home value make it very difficult for many people, especially the young, to get a foothold into the housing market. In so many cases, renters stuck with escalating apartment rental prices, and yet aspiring to enter the housing market, are stuck between a rock and a hard place. A great piece of wisdom for this dilemma is to make the sacrifice to save money.

And an amazing secret that puts the ability to save on steroids is to cultivate a desire to save that is so strong, it’s greater than the desire to spend. Sounds difficult? It could be. But, cultivate the desire to save, follow through with it, and you could have plenty to spend.

And besides, Einstein said, Compound interest is the eighth wonder of the world.” Put Einstein behind you and you could be unstoppable.

In the business world, your profit is what you have left over at the end of the year that you didn’t spend.

Getting back to home statistics, per square foot, Oxnard has a list cost median of $314. The Metro area of Ventura has a higher per square foot list cost median of $354.

For houses presently listed, the median cost is $520,000 in Oxnard, California. For houses presently sold, the median price is $499,000 in Oxnard, California.

Oxnard has a rent cost median of $2,650. The Metro area of Ventura has a rent cost median which is higher. It’s $2,800.

In the next few years, a factor having impact on the worth of houses is the foreclosure rate. Per 10,000 houses, 1.8 are going through the foreclosure process in Oxnard. The Metro area of Ventura has a significantly lower foreclosure rate of 1.0 homes per 10,000. And nationally, the foreclosure rate is 1.6 homes for every 10,000.

Home owners go through a first step in experiencing a foreclosure. It’s being delinquent on their mortgage. What is the definition of being delinquent on a mortgage? It’s the home owner not making a payment on a mortgage.

1.1 percent is the percent of mortgage delinquencies in Oxnard. 1.6 percent is the national mortgage delinquency rate, which is greater than Oxnard’s.

In the recession of 2008, there was a drop in the worth of houses of more than 20 percent in the United States. Because of this, many owners of homes are experiencing their homes being underwater. What is the meaning of underwater? It means that an owner of a home owes more than the worth of the home.

8.3 percent of house owners in Oxnard are experiencing their mortgage being underwater. 6.0 is the percent of the Metro area of Ventura homeowners being underwater, which is lower.