New home sales accelerate in May

New home sales have jumped to their highest rate in two years.

The Commerce Department reported that new home sales in May rose 7.6 percent to a seasonally adjusted 369,000-unit annual pace. Compared to May 2011, the rate is up 19.8 percent.

New home sales make up a much smaller percent of the market. At an annual rate of […]

By |June 25th, 2012|CCL Market Updates|0 Comments

Ecoplanners: Microwaves – the good, the bad and the ugly

My former husband and I spoke with a PG&E  technician twenty years ago about EMF’s (electromagnetic fields). We were concerned about the power source entering the house outside our young son’s bedroom. They agreed that electricity produced negative health effects, but the testing was inconclusive. We asked about the microwave oven. To be safe they […]

By |June 25th, 2012|SLO County Locals|0 Comments

Home prices up, existing sales show stability

Indicators released by the National Association of Realtors (NAR) and the Federal Housing Finance Agency (FHFA) show that home prices are continuing to improve. At the same time, existing home sales dropped slightly month-over-month, but this can be explained by a corresponding fall in supply.

In April, FHFA home prices rose 0.8 percent, an encouraging showing […]

By |June 22nd, 2012|CCL Market Updates|0 Comments

Estate Planning Basics Part 4: Intestacy, what to do when a relative dies without leaving a will

Intestacy means dying without a written will. A person who dies without having created a will is said to have died intestate.

Many people die without leaving a will. Let’s say you have procrastinated setting up an appointment with your favorite estate planning attorney to create a will or a trust. Naturally, you may be wondering who will inherit your […]

By |June 22nd, 2012|CCL Market Updates|0 Comments

U.S. unemployment rate up to 8.2 percent in May

In May, the U.S. unemployment rate rose 0.1 percent to 8.2 percent. Several months ago, the rate ticked down to 8.0 percent, but has since had trouble adding enough jobs to drop the rate. May added just 69,000 jobs, well below the 158,000 expected by economists.

We don’t have much to add here, except to add […]

By |June 22nd, 2012|CCL Market Updates|0 Comments

MBA applications and mortgage delinquencies: what the numbers really mean

The numbers: The Mortgage Bankers Association (MBA) reports that mortgage applications fell 0.8 percent week-over-week, including a 9.0 percent drop in purchase applications and a 1.0 percent rise in refinance applications. Lending Processing Services (LPS) reports that the U.S. mortgage delinquency rate rose to 7.20 percent in April (up 0.08 from March), which is still hovering […]

By |June 20th, 2012|CCL Market Updates|0 Comments

Tolbert Painting: DIY, the importance of personal protective equipment

Personal protective equipment or PPE is the barrier between you and injury. PPE can range from clothing to eye protection to gloves or kneepads. As a professional painter, I use PPE on a daily basis, so in this article I’m going to talk about some practical applications for the use of personal protective equipment in […]

By |June 20th, 2012|SLO County Locals|0 Comments

BREAKING: Fed extends Operation Twist

The Federal Open Market Committee (FOMC) voted to extend “Operation Twist” through the end of the year, citing the need for continued support of the U.S. economy and concern over Europe’s debt situation. The stimulus program involves the Fed selling short-term bonds (with maturities of three years or less) and purchasing long-term securities (with maturities […]

By |June 20th, 2012|CCL Market Updates|0 Comments

The problem with new home construction and development

After housing starts hit a three-year high in April, they fell off by 4.8 percent in May. The pace of 708,000 missed expectations, but is still up 28.5 percent year-over-year.

Housing permits, moving inverse to starts, rose 7.9 percent (after a 6.1 percent decline in April).

The Wall Street journal had an instructive take on the new […]

By |June 19th, 2012|CCL Market Updates|0 Comments

Home builder confidence at five-year high

According to the National Association of Home Builders (NAHB) June report, builder confidence rose to its highest level in five years – since May of 2007. The index measures builder perceptions of current single-family home sales and future expectations for the next six month.

The index ticked up one point, to 29, a score which reflects […]

By |June 18th, 2012|CCL Market Updates|0 Comments