If you need assistance, please call 805-773-7711

Housing Crisis | The Keenan Carter Group, Keller Williams Realty CC Blog

Wednesday, February 10, 2021   /   by Monique 'Moey' Nichols

3 REASONS WE'RE DEFINITELY NOT IN A HOUSING BUBBLE

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 ...

Read More


  real estate, keenan carter group, keller williams, central coast, selling a home, california, time to sell your home, real estate market, reasons to sell your home, sell during an inventory shortage, selling during a pandemic, when home sellers make the most, housing economy, putting home on market, economy during covid-19, housing crisis, housing bubble

Thursday, December 3, 2020   /   by Monique 'Moey' Nichols

MARKET UPDATE: Inventory Crisis?

Market Update






We've seen greater than a 50% drop in inventory since mid-October.
With so few homes on the market, buyers have been grasping at straws.
Interest rates are still hovering at an all time low. With an upcoming shift in Presidency and so much uncertainty with Covid-19 cases surging, home buyers want to take advantage of the low rates while they last.




























REAL TIME MARKET NUMBERS












PISMO BEACH STATS
ARROYO GRANDE STATS
GROVER BEACH STATS
OCEANO STATS
AVILA BEACH STATS
SAN LUIS OBISPO STATS
NIPOMO STATS








ATASCADERO STATS
TEMPLETON STATS
PASO ROBLES STATS
MORRO BAY STATS
CAMBRIA STATS
CAYUCOS STATS
LOS OSOS STATS





















Fewer new sellers coming to the market while a greater than usual number of buyers continue to search for a home causes inventory to continue to evaporate. Historically, six m ...

Read More


  real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, time to sell your home, low interest rates, real estate market, low inventory, real estate market update, housing market update, sellers market, housing economy, selling during the holidlays, housing crisis, housing projections, inventory shortage, real estate projections, sell during an inventory shortage

Wednesday, November 18, 2020   /   by Monique 'Moey' Nichols

Why the 2021 Market Forecast Doesn't Call For A Foreclosure Crisis

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself.
This year, homeowners are able to request 180 days of mortgage relief through forbearance. Upon expiration of that timeframe, they’re also entitled to request 180 additional days, bringing the total to 360 days of deferred payment eligibility. As forbearance expires, homeowners should stay in touch with their lender, because creating a plan for the deferred payments is a critical next step to avoiding foreclosure. There are multiple options for homeowners to pursue at this point, and with the right planning and communication with the lender, foreclosure doesn’t have to be one of them.
Many homeowners are conce. ...

Read More


  real estate, keenan carter group, keller williams, central coast, san luis obispo county, dick keenan, narlene carter keenan, california, real estate market, real estate market update, housing market update, foreclosure, forebearance, housing economy, housing crisis, foreclosure crisis

The Keenan Carter Group
Richard Keenan And Narlene Carter Keenan
350 James Way, Ste 130
Pismo Beach, CA 93449
805-773-7711
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 June 15, 2021. 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.
This site powered by CINC: www.cincpro.com