Can you take advantage of these market conditions? Today I have the latest news and notes from our San Luis Obispo market as we make our way through July. Inventory is practically the lowest it’s ever been, and the same can be said for interest rates. Since these are the driving forces behind our market, there are a couple of key tips buyers and sellers need to remember if they want to take ...
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YOUTU.BE
Last Liked - 53 months ago by TodayWeBuy
California Proposition 19 Deadlines: 12/31/2020 and 2/16/2021 Prop 15 got all the attention in California, but Prop 19 will have a major impact.
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SB 1120 - Ends Single Family Zoning Throughout California What's your view on SB 1120 now being considered by California Assembly?
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1 Comment - 51 months ago by TodayWeBuy
Update to SB 1120: This bill died in the final three minutes of the California Senate. TodayWeBuy · 51MOpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Home Prices Rise 12.1% Even With COVID-19 Southland home prices increased 12.1% year over year and sales grew 2.4% as buyers took advantage of low mortgage rates according to the LA Times. This was the largest percent increase since 2014.
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California Prop. 15, 19, and 21 Deal With Real Estate Prop. 15 - Commercial Property Tax
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Last Liked - 51 months ago by TodayWeBuy
LA Times Recommends: Yes on 15, No on 19 Proposition 15 taxes commercial and industrial properties at today’s market rate value instead of their value in 1978 plus %2 per year increase. Properties under $3 million are not impacted.
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Mortgage Rates Hit Another All-Time Low Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery. These low rates have ignited robust purchase demand activity, which is up twenty-five percent from a year ago and has been growing at double digit rates for four consecutive months. However, heading into the fall it will be difficult to sustain the ...
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FREDDIEMAC.COM
Freddie Mac Rates
Last Liked - 51 months ago by TodayWeBuy
It's Getting Harder to Qualify for a Mortgage COVID-19 has reduced the number of homes for sale. While interest rates are the lowest in 50 years, trying to get a mortgage is getting harder.
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MBA.ORG
Mortgage Credit Availability Index
Last Liked - 52 months ago by TodayWeBuy
Wear a Mask Diagram Here's a useful diagram on COVID-19. Bottom line:
Wear a mask and avoid people who don't.
Lowest Rates Ever Based on the chart below that goes from 1972 to 2020, these Freddie Mac rates look to be the lowest ever recorded! Wow!
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FREDDIEMAC.COM
San Luis Obispo (SLO) County Real Estate Newsletter SLO County’s recent trend indicates a flattening out in pricing. We have only seen a 0.9% increase in prices County wide since September 2018. The steam seems to be running out as buyer’s optimism falters with uncertainty towards the economy, the trade war, and an election year looming. There were 324 homes that closed escrow last month, ...
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Median Sales Price in SLO Closed Sales Inventory Months Supply
2 Comments - 54 months ago by TodayWeBuy
We can help you with a loan fund at an affordable rate. Kindly reach out
Agent TodayWeBuy · 54MOpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Nice article. TodayWeBuy · 54MOpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
What’s New in Our Market? What’s happening in our mid-June real estate market? Things have been changing rapidly, so we want to keep you updated.
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An Update on the San Luis Obispo Market so Far in 2020 Before we get deeper into February 2020, I want to bring you a few quick updates. I have the latest market stats, as well as really important information for home sellers. First, let’s look at the market.
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February 2020 Real Estate Newsletter The Schwaegerle Team's market update for the Central Coast. What we are seeing is a shortage of homes available, about 17% less active listings than last January. This is the lowest the inventory has been in 5 years. The shortage in supply has led to an increase in the median sales price of 7.9% year over year! The current median sales price ...
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Mortgage Rates Rise: 3.75% 30 year, 3.18% 15 year Rates increased slightly for a second week.
http://www.freddiemac.com/pmms/
Mortgage Rates Rise: 3.69% 30 year, 3.15% 15 year Rates increased slightly. The average rate for a 30 year fixed mortgage rate is 3.69% up from 3.57% last week.
30 Year Rates Fall To 3.57% / 15 Year to 3.05% 30 year fixed mortgage rates fell this week to 3.57% from 3.67% last week according to Freddie Mac. Last year at this time rates were 4.90%.
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