Friday, June 21, 2024 / by Dick Keenan
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. ...
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real estate, home purchase, buying, california living
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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Monday, November 23, 2020 / by Traci Pimentel
This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters. Here’s why.
According to the most recent Housing Trends Report from the National Association of Home Builders (NAHB):
“The length of time spent searching for a home continues to grow.”
The report indicates that 62% of buyers now spend 3 months or more looking for a home, an increase from 58% one year ago. A primary cause for the delay is the heavy competition today’s buyers face when making an offer on a home. Based on recent data from the National Associatio; ...
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Thursday, October 8, 2020 / by Traci Pimentel
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.
The Institute for Luxury Home Marketing (ILHM) explains:
“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.”
This was not the case at this time last year, as the most recent Luxury Market Report from ILHM; ...
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real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, california living, housing affordability, buyer's agent, cost of housing in california, low interest rates, mortgage rates, move up buyers, luxury home, designer home, luxury market, afford more home
Tuesday, September 29, 2020 / by Traci Pimentel
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate?
Original forecasts modeled this uncertainty, and they ranged anywhere from home values gaining 3% (Zelman & Associates) to home values depreciating by more than 6% (CoreLogic).
However, as the year unfolded, it became clear that there would be little negative impact on the housing market. As Mark Fleming, Chief Economist at First American, recently revealed:
“The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.”
Have prices continued to appreciate so far this year?
Last week, the Federal Housing Finance Agency (FHFA) released its; ...
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