Wednesday, April 14, 2021 / by Traci Pimentel
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.
Do Americans believe a home is a better investment than stocks?
In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.
Here’s how the results break down:The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):
Bottom Line
The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:
“Housi ...
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Thursday, March 4, 2021 / by Traci Pimentel
This is what California dreams are made of! Boasting breathtaking ocean views, this premier custom home is located in the prestigious Shell Beach community of Spyglass Pointe. The west-facing deck is an ideal spot to relax or entertain while taking in fabulous unobstructed coastline views.
Wall to wall glass doors bring the beach elements indoors to enjoy from the main Living area, Dining Room & Kitchen. Sip a libation by the wet bar and cozy up by the hearth in the Living Room. Gorgeous hardwood floors flow throughout this open-concept 3 story home.
The luxury kitchen is a chefs delight, featuring lustrous granite counters, a large island with a dual basin sink, two dishwashers, an additional wash sink and beautiful wood cabinetry. The 6 burner DACOR convection stove is adorned with a decorative tile backsplash &Tuscan style hood. Bring your groceries up from the garage hassle-free using the elevator.
The Master Suite has the top floor all to itself! Hang up yod ...
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Friday, February 26, 2021 / by Traci Pimentel
Find out more information about this property: https://www.allcentralcoastcahomes.com/homes/ca/pismo-beach/crmlsresadpi21037021365215859/458-bello-st-pismo-beach-ca-93449
Call The Keenan Carter Group: (805) 773-7711
DRE# 00860187
Keller Williams Realty Central Coast DRE# 02005105
Each Office Is Independently Owned and Operated
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Wednesday, February 24, 2021 / by Traci Pimentel
Market Update
Weekly San Luis Obispo County Numbers are in, as well as the California Association of Realtors January 2021 Report and First American Title Company's Central Coast January 2021 Recap.
Tight inventory is making 2021 a great year to list a home! It's important to remember that the housing market today is not the same as the housing market during the 'Bubble Years'. Lower mortgage rates and rising incomes correspond with higher house prices, strong demand and low inventory.
Winter months tend to show slowing in the Real Estate industry year over year. Mortgage rates are beginning to inch up, however the FEDs have indicated they don't intend to raise the National rate anytime soon. For buyers, NOW is the time to take advantage of these historical low rates while they last!
Despite possible improvement on the supply side of the market as we approach the Spring Selling Season, upward pressure on prices are continuing to build up. With current inve ...
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Wednesday, February 10, 2021 / by Traci Pimentel
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.
1. This time, housing supply is extremely limited
The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and demand is high, prices naturally increase.
In real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market. The normal months’ supply of inventory for the market is about 6 months. Anything above that defines a buyers’ market, indicating prices will soften. Anything below that defines a sellers’ market in which prd ...
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