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CCL Market Update: Gallup US Consumer Spending, Labor Market Conditions, Gallup US ECI, JOLTS, Mortgage Applications, Jobless Claims, Consumer Sentiment

Gallup US Consumer Spending Measure

Americans daily self-reports of spending fell to an average of $88 in January down from the level of $105 back in December. This is consistent with the drops yearly drops in January over seen the past four years. Though the spending rate did drop; it is at the highest daily consumer […]

By |February 13th, 2017|CCL Market Updates|0 Comments

Step One: Get Pre-Approved!

The most critical part of buying a home is to get preapproved for a mortgage. Preapproved buyers are taken more seriously by sellers and real estate agents, enjoy a less stressful transaction since all your financing will be figured out first, and close faster with NO last minute surprises about credit, income, or asset issues. […]

By |February 9th, 2017|Loan Program News|0 Comments

CCL Market Update: Pending Home Sales, S&P Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Construction Spending, FOMC Meeting, Jobless Claims, Gallup Good Jobs Rate, Employment Situation

Pending Home Sales

Existing home sales have recently been near cycle highs but have been unable to move above those highs, although new gains may perhaps be underway. The pending home sales index rose a strong 1.6 percent in December which is just above economists’ top predictions. Pending sales track contract signing for resales and the […]

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

2016 4th Quarter: SLO County

2016 4th Quarter Central Coast Real Estate Update: San Luis Obispo County
The San Luis Obispo County’s Real Estate update includes data for all cities and surrounding areas of the Central Coast for the four quarters that made up the year of 2016 (January-December).

2,869 Total Home Sales (2016) vs. 2,852 (2015)
$555,000 Median Home Price (2016) vs. […]

By |January 31st, 2017|SLO County Real Estate|0 Comments

2016 4th Quarter: Scenic Coast Real Estate Report

2016 4th Quarter Central Coast Real Estate Update: Scenic Coast
The Scenic Coast regional real estate overview includes data for the four quarters (January-December) that made up the year 2016. The following cities make up the Scenic Coast of San Luis Obispo County:

Cambria
Cayucos
Los Osos
Morro Bay

Though, the Scenic Coast does not have the highest median home price, […]

By |January 31st, 2017|SLO County Real Estate|0 Comments

2016 4th Quarter: South County Real Estate Update

2016 4th Quarter Central Coast Real Estate Update: South County
 

The South County regional real estate overview includes data for the four quarters (January- December) that made up the year 2016. The markets in the following cities make up the South County of San Luis Obispo County:

Buellton
Orcutt/ Santa Maria
Nipomo
Santa Ynez
Solvang

The South County had the largest total […]

By |January 31st, 2017|SLO County Real Estate|0 Comments

2016 4th Quarter: North County Real Estate Update

2016 4th Quarter Central Coast Real Estate Update: North County
The North County regional real estate overview includes data for the four quarters (January-December) that made up 2016. The markets in the following cities make up the North County of San Luis Obispo County:

Atascadero
Paso Robles
Santa Margarita
Templeton

Out of all the regions of San Luis Obispo County and […]

By |January 31st, 2017|SLO County Real Estate|0 Comments

2016 4th Quarter: Five Cities Real Estate Update

2016 4th Quarter Central Coast Real Estate Update: Five Cities
The Five Cities regional real estate overview includes data for the four quarters (January-December) that made up the year of 2016. The markets in the following cities make up the Five Cities area of San Luis Obispo County:

Arroyo Grande
Avila Beach
Grover Beach
Oceano
Pismo […]

By |January 30th, 2017|SLO County Real Estate|0 Comments

2016 4th Quarter SLO City Real Estate Update

2016 4th Quarter Central Coast Real Estate Update: San Luis Obispo City
 
2016 vs. 2015 Overview

365 Total Number of Sales (2016) vs. 350 (2015)
$715,000 Median Home Price (2016) vs. $671,853 (2015)
60% Selling Price per a Listing Price vs. 98.40%
$428.03 Average of Price per a Square Foot (2016) vs. $413.44 (2015)
52 Cumulative Days on Market (2016) vs. […]

By |January 30th, 2017|SLO County Real Estate|0 Comments

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

Existing Home Sales

The lack of homes on the market is continuing to hold down sales. Existing home sales fell 2.8 percent in December to a lower than expected annualized rate of 5.490 million. This rate is offset by a sizable upward revision to November which is now at 5.650 million. Supply is at the lowest […]

By |January 30th, 2017|Uncategorized|0 Comments