Our offices will be closed on Monday, February 17, and will reopen for normal business hours on Tuesday, February 18.
The median sales price for single-family homes rose by about 14% in San Luis Obispo County over the past year, jumping from $395,000 to $450,000, according to the Keith Byrd price tracker.
Our offices will be closed on December 24th and 25th and will reopen on the 26th. Merry Christmas!
We will be closed in observation of Veteran’s Day on November 11. We will resume normal office hours the following day. Our usual Monday mortgage rate update will also be delayed a day. Thanks, and have a wonderful day!
Partisan Stalemate to Blame
The Republican-controlled House of Representatives continues to tie the government budget to defunding initiatives of the Affordable Care Act (Obamacare). The Democrat-controlled Congress keeps rebuffing them, and President Barack Obama demands a “clean” to keep the government running.
As a result of the impasse, on the first day of the 2014 fiscal year (October 1) the United States government is shutdown and without a budget.
Financial markets took the close in stride. The Dow and S&P 500 actually rose slightly at the beginning of trading day, signaling the belief that the shutdown won’t be longwinded.
“Essential” functions will continue, while “non-essential” personnel will idle – some 800,000 workers.
The hit comes in a fraught year for government employees, who are already down work days after the sequester-induced austerity measures were triggered earlier this year. Spending battles continue to wrack the divided government.
Early indications from analysts seem to suggest the government will be shutdown for several days.
A complete list of the government services that remain open and the effects that the shutdown will have.
2. Government Shutdown Begins as Deadlocked Congress Flails (Bloomberg)
A recap of the past 24 hours, including the clash between the House and Senate.
3. Government Shutdown Could Slow Housing Recovery (CNBC: Diana Olick)
The effect on mortgage and the housing recovery. In particular, the IRS is closed, which will stall mortgage processing. The IRS process tax return transcripts to verify income. Government employees will be unable to verify employment. The FHA remains open, but with a smaller staff.
We are extending the deadline for the Spirit of SLO Photography Contest through this Labor Day Weekend! The prompt: take a picture of a local “Skyscape” and the winner receives a $50 gift certificate to Luna Red.
How much do you think this house costs?
A few things, in fact. The first of which, unsurprisingly, is its location. Up in the hills on 2750 Pecho Valley Road in Los Osos and bordering Montana De Oro State Park, the property has amazing views of the dunes and ocean, stretching out to Morro Bay and beyond.
Central Coast Lending will be closed on Thursday, July 4 and Friday, July 5. The office will resume normal business hours on Monday, July 8 (9 a.m. to 5 p.m.). To get your mortgage fix, check out Mortgage Matters Radio on KVEC 920 this Saturday from 10 a.m. to 12 noon.
Today marks the 6th annual Hunger Awareness Day in SLO County. Put on by the Food Bank Coalition of SLO County, the goal is to raise $150,000 in a single day to feed the estimated 44,000 homeless that reside in SLO County.
A $1 donation will provide $10 worth of nutritious food for those in need.
Even just a dollar to two can make a big difference to those in need in our local community.