Economists say that 2020 will be positive but not stellar for the housing market in California. Although last year they expected mortgage rates to rise and they fell keeping real estate markets much stronger than anticipated. Lesson…real estate predictions can be tricky business. CALIFORNIA STILL SHOWING GROWTH Despite some predictions from expert economists that the west would face a tough 2019 real estate market, California proved to be one of...
Lower than expected interest rates kept real estate strong in 2019 and many experts predict 2020 will keep rolling in the same direction. According to a recent article in Forbes, Odeta Kushi, deputy chief economist at First American, shared that mortgage rates will remain low next year, between 3.7 and 3.9%, fueling a healthy real estate market. PRICES TO KEEP RISING Tight inventory and increased demand will keep pushing prices...
In view of the healthy economy, you may be thinking of buying a second home as a vacation getaway, as housing for family members or as an investment property. That could reap great benefits, but you should only proceed with insight into this year’s secondary home market. A few predictions from real estate specialists: In general you can expect a buyer’s market, according to Bloomberg. Costs may be attractive in...
If you’re planning to put your luxury home on the market, consider staging it first. Staging is the process of “styling” a home to maximize its appeal to potential buyers. It can be as simple as eliminating clutter or reorganizing a bookcase, or staging can involve removing, replacing or re-arranging furniture, adding accessories or taking down heavy draperies that block the light. According to StagedHomes.com, which provides training and awards the...
You can feel it in the air! The season has changed and Fall has arrived. Historically, fall is the time when the real estate market slows down after the summer rush as families settle into a new school year. And this year is no different…or is it? In the last few weeks, we have seen a flurry of price reductions and listings are now taking longer to sell. Could this...
It’s Mid-State Fair time here on the Central Coast! A timeless tradition of true Americana, celebrating our heritage of agriculture, arts, crafts, competitions and show-stopping entertainment. Bright lights, carnival rides, fair food, exhibits and top-name entertainers were just some of the reasons that a record-breaking 430,000 guests made the trek to Paso Robles in 2017. If the entertainment line-up is a top indicator for guest attendance, 2018 will be on...
Century 21 Hometown has more consumer website traffic (over 600,000 monthly visits) than any other brokerage or franchise website on the Central Coast according to Hitwise. Only Century 21 Hometown partners Realtor.com, Zillow.com, and Trulia.com have more. No other brokerage ranks in the top 10 for the Central Coast DMA, Hitwise reports. The Central Coast DMA or Demographic Market Area is defined as the stretch of the California coastline that...
How long will it take to sell a home is a key question asked by every seller during the listing presentation. The answer usually depends on price. If you price too high, not only will it take longer to sell, but you will typically get less money for the home than it is worth. Listings that languish in an overpriced status typically get "low-ball" offers from buyers. The longer on...
There are literally millions of real estate information websites on the internet for you to use, but they are not all created equally. We are happy that you choose ours. What you may not know if that real estate agent and broker websites are governed by laws that protect you in ways that consumer websites are not. One of the most important features of an agent or broker website is...
Our company has grown from 100 agents to more than 300 over the past few years. You have probably see more Century 21 Hometown Yard Signs than any other local company. We have had to open offices in nearly every town on the central coast to support the growth. Century 21 Hometown Realty is currently working with more than 850 buyers company wide. There are only 994 listings available -...
