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 ...

Tuesday, September 29, 2020 / by Traci Pimentel

Where Are Home Values Headed Over the Next 12 Months?

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

MARKET UPDATE: Inventory Crisis?

Where Are Home Values Headed Over the Next 12 Months?

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

MARKET UPDATE: Inventory Crisis?

Where Are Home Values Headed Over the Next 12 Months?

Recent Articles

Popular Tags

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