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So far Central Coast Lending has created 888 blog entries.

CCL Market Update: Housing Market Index, Housing Starts, Mortgage Applications, Beige Book, Jobless Claims, Existing Home Sales

Housing Market Index

Home builders remain strongly up-beat with extending strength in traffic a major highlight in this report. Though, the housing index did slip 3 points in April it was still at a very strong level of 68. The traffic component came in at 52 which is the fourth plus 50 score in the last […]

By |April 24th, 2017|CCL Market Updates|0 Comments

Mike Belezzouli of Central Coast Lending Expands Big Brothers Big Sisters Realtors’ Circle to Include Lenders

San Luis Obispo, CA – Big Brothers Big Sisters expands its Realtors’ Circle to include lenders under the leadership of Mike Belezzuoli of Central Coast Lending. Belezzuoli donates to the organization from each closed loan and Central Coast Lending matches his donation. Last year’s donations totaled $6,000 to provide mentors to local youth.

Executive Director Anna […]

By |April 18th, 2017|Loan Program News|0 Comments

CCL Market Update: Labor Market Conditions, JOLTS, Mortgage Applications, Jobless Claims, Consumer Sentiment, Consumer Price Index

Labor Market Conditions Index

The unemployment rate was down 2 tenths in March to a level of 4.5 percent. The economy is at full employment but it isn’t giving much of a lift to the labor market conditions index which is barely holding above zero at only 0.4 in March.

JOLTS

Job openings rose a sharp 2.1 percent […]

By |April 17th, 2017|CCL Market Updates|0 Comments

CCL Market Update: US Consumer Spending Measures, Construction Spending, Mortgage Applications, ADP Employment Report, Job Creation Index, FOMC Minutes, Jobless Claims, Good Jobs Rate, Employment Situation

Gallup US Consumer Spending Measures

March daily self-reports of spending averaged $100, declining from the $101 average in Febraury. This year, March represents the highest spending estimate for any March in Gallup’s tracking since 2008. The previous years of March 2013 and March 2016 came at a low of $89. March is not typically one of […]

By |April 10th, 2017|CCL Market Updates|0 Comments

CCL Market Update: HPI, Consumer Confidence, Mortgage Applications, Pending Home Sales, GDP, Jobless Claims, Personal Income & Outlays, Consumer Sentiment

S & P Corelogic Case-Shiller HPI

The Case-Shiller home prices are up, posting a third straight 0.9 percent monthly gain for the adjusted index. This is the strongest run in nearly 4 years. Year on year appreciation is up 2 tenths t6o 5.7 percent for the highest rate in 2 ½ years. This report contrasts with […]

By |April 3rd, 2017|Uncategorized|0 Comments

CCL Market Update: Mortgage Applications, FHFA House Price Index, Existing Home Sales, Jobless Claims, New Home Sales

Mortgage Applications

Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the week of March 17th, while applications for refinancing decreased by 3 percent. On an unadjusted basis, the purchase index fell 2 percent from the previous week but was up 5 percent from the level it was at this time last year.  […]

By |March 27th, 2017|Uncategorized|0 Comments

CCL Market Update: Labor Market Conditions, FOMC Meeting, Mortgage Applications, Consumer Price Index, Housing Market Index, Housing Starts, Jobless Claims, JOLTS

Labor Market Conditions Index

Monthly employment reports have been solid but the labor market conditions index is barely above zero, at a rate of 0.6 percent for the month of February. Besides a series of negative readings that occurred this time last year, the indicator’s current run is the weakest of the recover.

FOMC Meeting

During the Federal […]

By |March 20th, 2017|CCL Market Updates|0 Comments

CCL Market Update: US Consumer Spending, ECI, Mortgage Applications, Job-Cut Report, Jobless Claims, Good Jobs Rate, Employment Situation

Gallup US Consumer Spending Measure

American’s self-reported daily spending climbed to an average of $101 in February. This is the highest average for the month of February since 2008, when spending averaged $106. The latest monthly average is up $13 from January, but still remains lower than December’s holiday-influenced level of $105. It took a total […]

By |March 13th, 2017|Uncategorized|0 Comments

Record Low Inventory Level in San Luis Obispo County

Inventory levels always decrease during the winter months, in the past five years we saw around a 3-4 months inventory between November and February then around 5 months of inventory during the summer. This February there was only 2.5 months of inventory in San Luis Obispo County. There were a total of 820 active listings […]

By |March 10th, 2017|SLO County Real Estate|0 Comments

CCL Market Update: Pending Home Sales, GDP, Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Construction Spending, Beige Book, Job Creation Index, Jobless Claims

Pending Home Sales

Pending home sales index, which measure initial contract signings, is down 25.8 percent in the report for January. These results point to weakness for final resales in both February and March. In addition, there was a sharp downward revision to the December index, now at plus 0.8 percent vs the initial data’s index […]

By |March 6th, 2017|Uncategorized|0 Comments