Wednesday, September 30, 2020 / by Monique 'Moey' Nichols
This past week, San Luis Obispo County saw a slight uptick in both closed transactions & new listings.
Pending & Active Under Contract Properties are practically equal to last week’s opened escrows.
Mortgage rates fluctuated a few times just today, however continue to remain around 2.75%.
In comparison to end of summer/beginning fall last year - we’re at half the available inventory.
Access the value of YOUR home with relevant neighborhood comparisons: https://www.allcentralcoastcahomes.com/homevalue/default
The Keenan Carter Group DRE# 00860187
Keller Williams Realty Central Coast DRE# 02005015
Each Office is Independently Owned and Operated.
Monday, September 28, 2020 / by Monique 'Moey' Nichols
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered.
Mark Fleming, Chief Economist at First American, announced last week:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
The Economic & Strategic Research Group at Fannie Mae upgraded its forecast for home sales last week:
“Housing data over the past month continued to show a strong V-shape rebound, helping drive the broader economy. Existing home sales jumped to a p ...
Wednesday, July 29, 2020 / by Monique 'Moey' Nichols
Mid Year Market Update
2020 has most certainly been one for the books!
Covid-19, Protests, Riots, Kobe Bryant, No Olympics, Distance Learning,
Social Distancing, Murder Hornets, Locusts, SpaceX, Australia Burning,
Royals Leaving Royalty, Zoom, and let's not forget, Tiger King.
We've made it past the half-way marker!
Although this year has brought many challenges, these defining moments
have been shaping our economy in a very surprising way.
With many businesses forced to shut down, unemployment rates
sky-rocketed in the initial phase of sheltering at home.
Many were worried they wouldn't be able to pay their mortgages
and would need to rely on a forbearance program.
We have made a surprising rebound, and the Real Estate industry
is leading the pack! For the first time since March of this year,
Home Sales have actually surpassed pre-Covid numbers week over week since May. Here's a look at the past weeks numbers for San Luis Obispo County, informational stats from C ...