California Legal Update: New Assessment Fees for California Real Estate Recordings

Overview

As of January 1, 2018, a required $75 assessment fee will be paid at the time of recording in addition to standard recording fees. The new law imposes a fee of $75 to be paid at the time of the recording of every real estate instrument, paper, or notice required or permitted by law to […]

By |November 14th, 2017|Loan Program News|0 Comments

3rd Quarter 2017: South County

South County
3rd Quarter 2017
(January-September)
* Due to changes in the NMLS we can no longer provide accurate statistics for cities in Santa Barbara County

 Nipomo

The only available city with accurate data in the South County is Nipomo, considered part of San Luis Obispo County and not Santa Barbara County

Nipomo 3rd Quarter 2017 vs. Nipomo 3rd Quarter […]

By |November 13th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: Scenic Coast

Scenic Coast
3rd Quarter 2017
(January-September)

Cambria
Cayucos
Los Osos
Morro Bay

The four beach cities that make up the Scenic Coast of San Luis Obispo County had the second highest prices for both median home price and price per square foot. Price per square foot on the Scenic Coast closely follows the Five Cities area’s price per […]

By |November 9th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: Five Cities

 Five Cities
3rd Quarter 2017
(January-September)

Arroyo Grande
Avila Beach
Grover Beach
Oceano
Pismo Beach

The Five Cities area of San Luis Obispo County had the highest average prices among any other region in the County, it had the highest average median home price and highest average price per square foot and contained the top two cities with […]

By |November 9th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: North County

North County
3rd Quarter 2017
(January-Septemeber)

Atascadero
Paso Robles
Santa Margarita
Templeton

The North Conunty had by far the most amount of sales with 941 total sales in the four cities that make up the area. It contains the two cities with the most sales in San Luis Obispo County: Paso Robles and Atascadero. The North County is […]

By |November 9th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: San Luis Obispo County

San Luis Obispo County
3rd Quarter 2017
(January-September)
The San Luis Obispo County includes data for all 15 cities that make up the county for the first 3 quarters (January-September) of 2017.

3rd Quarter SLO County 2017 vs. 3rd Quarter SLO County 2016

2,336 total number of sales (2017) vs. 2,168 (2016)
$642,717 average median home price (2017) vs. […]

By |November 8th, 2017|SLO County Real Estate|0 Comments

CCL Market Update: Personal Income and Outlays, Employment Cost Index, S&P Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Construction Spending, FOMC Meeting, Jobless Claims, Employment Situation

Personal Income and Outlays

Core inflation remains lifeless in a highlight of an otherwise solid income and spending report. Personal income rose 0.4 percent in Septembers, as wages and salaries rose 0.4 percent. Consumer spending jumped 1.0 percent and was driven by a 2.1 percent surge in durable goods tied to vehicle replacement following both Hurricanes […]

By |November 6th, 2017|CCL Market Updates|0 Comments

Tax Breaks for Fire Victims in Sonoma and Napa County

Napa County Assessor’s Post
CALAMITY REASSESSMENT AND PROPERTY TAX DEFERRAL
http://www.countyofnapa.org/Pages/DepartmentContent.aspx?id=4294980640

Property owners impacted by the 2017 Napa Fire Complex are eligible for a temporary reduction of their Proposition 13 base year value and deferral of the first installment of their 2017-2018 property tax bill. Click here to read the article.
Calamity reassessment relief and deferral of the first […]

By |November 2nd, 2017|Insight|0 Comments

CCL Market Update: PMI Composite Flash, Mortgage Applications, FHFA House Price Index, New Home Sales, Jobless Claims, Pending Home Sales, GDP, Consumer Sentiment

PMI Composite Flash

Advance indications are picking up increasing signals of growth including the PMI composite which at 55.7 in the October flash, tops economists’ high forecasts. The manufacturing sector is contributing strongly to this rise, at 54.5, an eight-month high. It is up strongly from September levels. Services are also contributing, at 55.9 for also […]

By |November 2nd, 2017|CCL Market Updates|0 Comments

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

Housing Market Index

Optimism among home builders, which has been easing slightly from very strong levels, bounced back strongly in October, to a composite headline of 68, 4 points above both August and economists’ predictions. Strength is led by future sales which are up 5 points to 78. Current sales were also up, at 75 for […]

By |October 23rd, 2017|CCL Market Updates|0 Comments