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

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

Mortgage Applications

Purchase applications for home mortgages fell a seasonally adjusted 3 percent during the week of February 17th. Refinancing applications decreased by 1 percent to the lowest level since January.  On an unadjusted basis the purchase index rose 2 percent from the prior week and was up 10 percent from a year ago. The refinancing […]

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

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