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Archive for July 2012

30
Jul
Boats and Rock 4

San Luis Obispo County Rate Update – July 30, 2012

On Friday, July 27, the Commerce Department announced that the United States’ Gross Domestic Product (GDP) fell to 1.5 percent growth in the second quarter. GDP measures the market value of a country’s goods and services to quantify strength of its economic production. While the 1.5 percent figure still shows growth, it is down from the 2.0 percent pace in the first quarter, and well down from the target 3.0 percent rate that would reduce unemployment significantly.

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30
Jul

Mortgage Matters Radio: July 28

Wes Burk from Patterson Realty joins Jason in the studio this week while Dan is out of town. Wes talks about the challenges he sees for first-time home buyers in the housing market when there are multiple offers on homes. A listener calls in, and we discuss the cost differences between buying an existing home and building one in today’s market.

 
30
Jul
Life Guard Stand

Market Update: A Picture is Worth a Thousand Words

Jason VanDyke takes a look at recent economic news and trends in the bond market. While we know interest rates have been at record-lows for some time now, Jason gives us some insight to suggest these low rates may not be sticking around for much longer.

Summer is in full swing, and we all seem to be out enjoying the beautiful weather we are so lucky to have here on the Central Coast.  The lazy days of summer are not so lazy this week when it comes to economic news.  There are several events we will be watching very closely to see how interest rates will react over the next few days.

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25
Jul

Mortgage Matters Radio: July 21

This week on Mortgage Matters, Jason shares his experience at the fair with his family. Dan and Jason discuss ups and downs of jobless claims and the housing market the past few weeks. We take a phone call from Joe in San Luis Obispo, and take an in depth look at the new homeowner bill of rights and how it’s changed the foreclosure process.

 
24
Jul
gray-water-reclamation-1

EcoPlanners: Water Recycling Basics Part 1: Reusing Graywater

Graywater (Greywater, Gray Water) is simply untreated water that comes from the bath, shower, bathroom sink and washing machine or building waste water. It is non-potable water, but safe for surface (or 16″-20″ below the surface) irrigation of non-edible plants or subterranean recharging of the aquifer. “Treated” graywater can be used in SLO County, to flush toilets and urinals.

Not all laundry water may be reused. If you’ve been washing dirty diapers or other unsanitary things, the water becomes “blackwater”.  Blackwater is flushed toilet water, water from the kitchen sink, garbage disposal and dishwasher because of the high concentrations of organic waste like chicken skin and body waste.  With sophisticated treatment and filtration, blackwater can be purified to be drinkable. However, most people are don’t like the thought of reusing water that was initially so unsanitary.

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24
Jul
colors2

Tolbert Painting: Tips for choosing a new paint color for your home

For a home owner, the most difficult part of a paint project is choosing a color- it’s the reason I often end up painting a house the exact color it was. This doesn’t have to be the case, though. Picking the right color is a great way to update the look of your home and bring some refreshing change to your dwelling.

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23
Jul
Boats and Rock 4

San Luis Obispo County Mortgage Rate Update- July 23, 2012

More indicators of slow economic growth last week- retail sales saw a surprising drop in June (0.5 percent), and the consumer price index remained unchanged, with declines seen in energy. Some good news in the housing market, however. Though existing home sales dropped to the years low, housing prices saw increases and housing starts rebounded 6.9 percent in June.

Rates have continued to stay at record lows this week, with some dropping even lower.

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20
Jul

Mortgage Matters Radio: July 14

Jason and Dan talked about the surprising jobless claims figures released this past week. They have an in-depth discussion about the relationship between banks and lenders, process of securing a loan and how integrity comes into play in this process.

 
20
Jul
Backlight-wedding

Estate Planning Basics Part 6: Community Property and Separate Property in Estate Planning

In the estate planning context, the concepts of community property and separate property are very important for California married couples* to understand. Generally, all of the income and property acquired during a marriage is considered community property. Each spouse owns a joint 50% interest in each item of community property. Separate property is (a) property a spouse acquired before the marriage, (b) property acquired by gift or inheritance, whether before or during the marriage, and (c) any proceeds or income generated by (a) and (b). A spouse has no right to the other spouse’s separate property. Read more »
19
Jul

Existing home sales drop to year low

Sales of existing homes took a surprising drop in June (5.4 percent) to a 4.37 million annual rate- the lowest of the year. Prices did see increases, however. The median is up 5.0 percent from May, and up 7.9 percent year-over-year. At $189,400, the median home price is at it’s highest in two years.