Monday, October 5, 2020 / by Monique 'Moey' Nichols
In today’s real estate market, setting the right price for your house is one of the most valuable things you can do.
According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes:
“Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”
When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized ...
Tuesday, September 29, 2020 / by Monique 'Moey' Nichols
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 ...
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.
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 ...
Monday, May 11, 2020 / by Monique 'Moey' Nichols
Beautiful 4 bedroom home on a half-acre has a landscaped front yard with mature trees and a private courtyard patio. Enter into the welcoming Great Room with vaulted ceilings, wood floors, a fireplace to cozy by & large Bay window. The spacious, dine-in kitchen has a breakfast bar, celestial skylight, ample counter space and walk-in pantry. Segue from the kitchen to the Multi-Use room with wall-to-wall built in cabinets, desk and additional fireplace. Fabulous space for relaxing, recreation, dining, studying or home office area.
Nicely sized 1st 3 bedrooms have ceiling fans and picture windows. Enter the Master Suite through in-home double doors or via private slider entrance from the patio garden. Master Bedroom has a large walk-in closet, wet bar kitchenette area, plus an ensuite with double sinks, a separate soaking tub and step in shower. Master Suite recently used as a lucrative Air BnB.
Enjoy the Central Coast weather BBQing on the back patios, growi ...