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Buying | The Keenan Carter Group, Keller Williams Realty CC Blog

Friday, June 21, 2024   /   by Dick Keenan

Your Equity Could Make a Move Possible

Many homeowners today feel trapped by the current high mortgage rates, making the idea of selling and moving less appealing. If you’re in this situation, it might seem like there’s no good solution. However, there’s a potential way to counteract these higher borrowing costs: leveraging the equity in your current home.

What Is Equity?

Equity is essentially the difference between your home's market value and what you owe on your mortgage. As you pay down your mortgage and as home values rise, your equity increases. Recent years have seen significant home price appreciation, so many homeowners have more equity than they might realize.

According to the latest data from the Census and ATTOM, over two-thirds of homeowners have either completely paid off their mortgages or have at least 50% equity in their homes.

How Your Equity Can Help You Move

Your home equity can be a powerful tool when selling your house, helping you navigate higher mortgage rates more ea. ...

  real estate, central coast, home buyer, selling a home, realtor, home purchase, california, buying, real estate agent, new home, time to sell your home, moving, selling, value, move up buyers, down payment, equity, afford more home, cash out equity

Friday, June 21, 2024   /   by Dick Keenan

Why a Vacation Home Is the Ultimate Summer Upgrade

With summer in full swing, it's the ideal time to plan your getaway and enjoy some relaxation. If you’re eager to soak up the sun and have some fun, you might want to consider whether owning a vacation home is the right choice for you.

Why People Buy Vacation Homes

A survey by Ameriprise Financial reveals several reasons why people choose to purchase a second home:

Vacation Destination or Stress Reliever (81%): Owning a vacation home provides a personal retreat where you can escape the daily grind and unwind. You also won’t need to worry about booking accommodations when you want to get away.

Better Weather (49%): If you live in an area with harsh weather, a vacation home in a sunny, warm location offers a great escape, letting you enjoy pleasant weather year-round.

Rental Income (41%): When you’re not using your vacation home, you can rent it out, providing a source of extra income.

Future Primary Residence (33%): You can enjoy. ...

  real estate, home purchase, buying, california living

Friday, October 9, 2020   /   by Traci Pimentel

Should You Buy a Retirement Home Sooner Rather than Later?

Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in life. This year, however, the game changed.
Many of today’s workers who are nearing the end of their professional careers, but maybe aren’t quite ready to retire, have a new choice to make: should I move before I retire? If the sand and sun are calling your name and you have the opportunity to work remotely for the foreseeable future, now may be a great time to purchase that beach bungalow you’ve always dreamed of or the single-story home in the sprawling countryside that might be a little further out of town. Whether it’s a second home or a future retirement home, spending the next few years in a place that truly makes you smile every; ...

  real estate, keenan carter group, keller williams, central coast, home buyer, selling a home, time to sell your home, low interest rates, buying retirement home, retirement, retirement home, retirement investment

Wednesday, September 23, 2020   /   by Traci Pimentel

Home Builder Confidence Hits All-Time Record

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes.
As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back.
Looking at the three-month moving averages for HMI scores, confidence increased in every region of the country:
The Northeast increased 11 points to 76
The Midwest jumped 9 points to 72
The South rose 8 points to 79
The West increased 7 points to 85
Confidence Is Validated by the Numbers
This confidence is definitely warranted. According to a recent NAHB report, single-family housing starts increased 4.1% to a 1.02 million annual ...

  real estate, keenan carter group, keller williams, central coast, home buyer, home purchase, buying, new home, house for sale, home owner, move up buyers, new construction, for sellers, for home buyers

Wednesday, September 23, 2020   /   by Traci Pimentel

Market Update: This Is Unusual For Fall.

This past week we've seen a slight dip in Sold properties in comparison to the previous week, however the increase in Pending home sales balances things out. In addition, we've also seen 'Under Contract' homes tick up.  New Listings hitting the market are hovering within single digit changes week over week. Inventory continues to remain incredibly low. There's no denying we are in a Seller's Market.

This Seller's Market is unique though. Buyer's are taking advantage of the all-time-low mortgage interest rates available. In today's market, it's not about the price, it's about the payment. Even though sellers are benefiting from minimal days on market, multiple offers and above asking price offers,
buyers can afford more home than ever before.

Summer home buying season continues to show resilience against the usual fall slowdown as prices continue to hit new highs and homes sell faster than ever before. Buyers are clearly scooping up ...

  real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, home owner, market update, real estate market update, buying power, low interest rates, low inventory, sellers market

The Keenan Carter Group
Richard Keenan And Narlene Carter Keenan
350 James Way, Ste 130
Pismo Beach, CA 93449
Keller Williams Realty Central Coast DRE# 02005015
The Keenan Carter Group DRE# 00860187
Each Office is Independently Owned and Operated.

Based on information from California Regional Multiple Listing Service, Inc. as of July 14, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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