Thursday, September 24, 2020 / by Monique 'Moey' Nichols
Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.
According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic:
“U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019, an increase of 6.6%, year over year.”
Dr. Frank Nothaft, Chief Economist for CoreLogic, attributes much of the equity growth to rising home prices:
“The CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which supported an increase in home ...
Tuesday, September 22, 2020 / by Monique 'Moey' Nichols
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported:
“Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”
Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year.
This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, this may instead seem like troubling news. However, purchasers should realize that the price of a house is not as important as the cost. Let’s break it down.
There are ...
Tuesday, September 1, 2020 / by Monique 'Moey' Nichols
Absolutely marvelous 3 bedroom, 2 bathroom, single story home in the heart of Nipomo. Enjoy an all new air conditioning system & air filtration system throughout the home. Retreat to the backyard oasis with several established fruit trees, berry bushes, raised garden beds which is custom hard-scaped for easy upkeep.
Contact: The Keenan Carter Group (805) 773-7711
Keller Williams Realty Central Coast
Friday, August 7, 2020 / by Monique 'Moey' Nichols
Quaint manufactured 3 bedroom, 2 bathroom single story home in the beautiful Mesa Dunes Mobile Estates community in Arroyo Grande. Enjoy all the best of park living with the use of two pools, clubhouses, several greenbelts, a BBQ area, playground and wellness trails.
Thursday, July 16, 2020 / by Monique 'Moey' Nichols
2 Bedroom, 2 Full Bathroom, Single Story Home In Grover Beach. Situated on a cul-de-sac street, this home has low maintenance landscaping, featuring eco-grass in the front yard and a patio deck backyard. Fabulous location, just 3.5 miles from the Pismo Beach Pier.