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New Listing! 4 Bedroom Orcutt Home

Orcutt! This four bedroom, three bath with over 2300 sq ft of living, home offers the downstairs bedroom and bath room everyone asks for! The front living room ceiling soars 20 feet high with huge picture windows allowing sunlight to naturally lighten the home. Enjoy a formal dining/den area off the kitchen that could be suitable for an office, extra den or ? The kitchen is open to the huge family room complete with stone fireplace and wet bar. French doors lead to the private, east facing back yard. Upstairs there are three more bedrooms, one bath and a master suite large enough for an army. With a walk in closet the size of a normal bedroom, and a remodeled bathroom complete with glass block, gorgeous tile, separate tub and shower as well as dual sinks… All this with a three car garage, too! Close to Joe Nightingale elementary school, Waller Park, shopping and the Santa Maria Country Club.
Wendy Teixeira 805.310.3505

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Located in San Luis Country Clut


List the things that make a home most desirable, and you will find a great many of them in this one lovely property. Located in the gated San Luis Obispo Country Club on a quiet cul-de-sac, it is beautifully upgraded, meticulously maintained, with formal living room plus family room, kitchen with breakfast bar, formal dining room, three bedrooms and office – all in one beautiful home. It is comfortable, peaceful, gracious and not to be missed!
Beverly James 805.748.8613

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Rustic 3 Bedroom 2 Bath

Rustic home on 9.5 acres. Owner/builder wanted a solid Cabin style home in the country. He achieved his vision. Floors are faded red Adobe tiles. Lots of aged wood throughout. Multiple skylights brighten the Home and shine on the large indoor plants, that might stay. It feels like your walking into a hundred year old Ranch House. Land has a few different levels for the Shop, Rental unit, and pasture. The incomplete addition could be another bedroom or artists studio. Well appears solid. Might come with about 10 cords of firewood and a tractor depending on offer. Brian Wolf 805.441.9612

Written by Keith Byrd - Go to Keith's Website/Profile

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Freddie Mac 30 Year Historic APR Average

Above is the 30 year fixed Freddie Mac conventional program’s APR historic average data for the past 30 years dating back to 1987. In the late 1980’s, when the graph begins its recording, rates were at a 30 year high with all APR’s above the 10.00% mark, which is more than double where rates have been at in most recent years. In the early 1990’s rates began dropping for a four year on year decline from years 1989 to 1992. For the most part, APR averages on a yearly basis have been steadily declining in the past 30 years since 1987, with some years being an exception to this trend, but when looked at from a distance it appears rates are moving downward on a yearly averaged basis. 2017 was an exception to this trend as rates increased by more than 30 basis points: from the 30 year low of 3.65% APR in 2016. Since 2010 it appears that rates have been fluctuating at only a minimal pace.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Listing-

This 2 bedroom, 2 1/2 bath is located at the end of a cup-de-sac and backs up to open space and gorgeous Edna Valley hill side views. Just built in 2011, this large, open floor plan boasts many custom upgrades such as motorized window coverings, designer alder cabinets in kitchen, laundry, bath and study, tankless water heater, solid core doors, and even has air condition for those rare occasions in San Luis Obispo where it is needed. See the photos which feature amazing sunrise views, the cozy family room fireplace and even 2 additional parking spaces in front of the 2 1/2 car, oversized garage. With HOA fees at only $160/month, this low maintenance, luxury living opportunity is truly a rare opportunity. Wes Burk 805.801.7061

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing- Stately Home in Lake Marie

Lake Marie! This stately five bedroom home offers executive style living with the amenities you’re looking for. With over 4474 sq ft of elegance, the inviting entry features a glimpse into the formal and living rooms featuring gorgeous walnut flooring. The architectural elements are too many to list, but.. enjoy beautiful hand crafted beamed ceilings, a pizza oven created with beautiful stone, an oversized island with a pop up flat screen TV, a six burner, double oven stove, pantry, and prep sink – and this is just the kitchen! This home provides a split floor plan with an office, bathroom and master suite on the south side, the living areas in the center, and the secondary bedrooms and bathrooms on the north side. Enjoy a massive master en suite complete with sitting area, French doors and handsome fireplace. Walk into your fabulous bathroom and enjoy an oversize walk in shower, dual sinks and garden tub as well as a room walk in closet. The family room allows another opportunity to entertain and enjoy the backyard view. With an inground pool, roomy covered, brick porches, extensive landscaping areas, and many areas to enjoy conversation, you won’t get chilly enjoying the backyard while sitting under the infrared heaters. Finishing off this massive home, is a man cave complete with a meticulous security system in place so any treasure deserving ultimate Wendy Teixeira 805.310.3505

Written by Keith Byrd - Go to Keith's Website/Profile

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Employment Situation

The jobless claims report is one of the three reports that came out this week that reflect the continued strength seen in the employment sector of the economy. Jobless claims remained low though they did see some increases to initial claims and the four-week average, as well as the four-week average for continuing claims. Despite these small increases claims are little changed from a month ago – a positive sign for the employment report. The ADP Employment report is computed from a subset of ADP records and is usually a prediction of the employment situation report. The ADP consensus for December was a call of steady strength at 188,000. The employment situation, the last of this week’s employment related reports, is a set of labor market indicators based on two separate surveys in one report. In the report, hiring has cooled, though employment levels remain high. Nonfarm payrolls rose 148,000, though favorable, they came in lower than expected. Revisions are mixed with November up sharply to 252,000 and October sharply down to 211,000 for a 9,000 decline. The number of unemployed actively seeking work rose slightly to 5.308 million though the unemployment rate remained at 17-year low of 4.1 percent. Both labor participation rate and pool of available workers remain little changed. Average hourly earnings rose a noticeable 0.3 percent on the month as November got a one tenth downgrade to only 0.1 percent gain. On a yearly basis this reading is moving in the right direction but at a very slow pace, up only one tenth to 2.5 percent. The payroll breakdown confirms that the housing and factor sector had accelerated into the year end, as manufacturing was up 25,000 while construction increased 30,000.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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Kmart in Arroyo Grande Closing in April 2018

Sears just announced they will be closing 64 Kmart stores and 39 Sears stores. Unfortunately, the Kmart in Arroyo Grande is going to be one of the stores closing. The AG store is set to close its doors in April of 2018. As of now there aren’t any other locations set to close in San Luis Obispo county.

Here are the locations of other Sears, Kmart and Macy’s stores closing soon – List of Stores

Written by Keith Byrd - Go to Keith's Website/Profile

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CCL Market Update: S&P Case-Shiller HPI, Consumer Confidence, Pending Home Sales, Jobless Claims

S&P Case-Shiller HPI

One of the biggest stories of the 2017 economy was home prices reflected in the S&P Case-Shiller data where October’s seasonally adjusted gain for the 20-city index is a sharp 0.7 percent. For a second month in a row, all 20 cities followed by this report, show monthly gains. Adding to this strength is a sizable 5 tenths upward revision to September to a level which now stands at 1.0 percent; this however is offset in part by the two tenths downward revision to August to a 0.2 percent gain. The gain for October and the upward revision to September are tied to seasonal adjustments as the undadju8sted index rose only 0.2 percent in October with September unrevised at 0.4 percent. October, compared to other months, is relatively slow for the resale market which is compensated for by a large upward adjustment. Year on year rates for October 2017 vs. 2016 are less affected by these seasonal adjustments and here underlying strength is the signal, at 6.4 percent for   2 tenths gain and the best rate since July of 2014.

Consumer Confidence

After posting back to back 17-year highs in the prior two months, the consumer confidence index cooled slightly in the December report, to a level of 112.1 vs. a revised 128.6 in November and 126.2 in October. The cooling, however doesn’t include the assessment of the current jobs market where only 15.2 percent say jobs are hard to get vs. 16.8 and 17.1 percent in the prior two months. This reading of current jobs is closely watched and will confirm expectations for another strong monthly employment report. Strength in other readings eased especially in the assessment of the future jobs markets where optimists fell nearly 2 percentage points to 18.4 percent and pessimists rose more than 4 points to 16.3 percent. Other details include a gain for those seeing their income rising which his offset, however by an increase among those who see their income falling. The strength in this report of the jobs hard to get reading dominates this report and more than offsets the slowing seen in other readings.

Pending Home Sales Index

The pending home sales index has been flat and has not been in line with the strength seen in the final sales of existing homes. The November pending home sales index only managed a 0.2 percent gain to a level of 109.5; this is still below last year’s levels. In contrast, existing home sales at annualized rate of 5.810 million in data released last week for the month of November, are at the highest level of the economic expansion. The pending home sales index is up only 0.8 percent compared to this time last year, again this is below final sales where the year on year gain is 3.8 percent. Housing data in general has been accelerating strongly as we enter the year end but the pending home sales index, though it did see a sharp 3.5 percent increase in last month’s report for October, has been mostly an exception.

Jobless Claims

Initial jobless claims remained unchanged at 245,000 in the week of December 23rd though, due to holidays, an unusually large total of 15 states had to have their data estimated. Though 245,000 Is on the high side for initial claims, the four-week average is still low at 237,750 for only a slight weekly gain. For the lagging data, continuing claims for the week of December 16th rose slightly to 1.943 million with this four-week average down 24,000 to 1.920 million. The unemployment rate for insured workers remains at the low level of 1.4 percent. The large number of cities whose data had to be estimated clouds this report but earlier readings in December point to strong health for the labor market and yet to another favorable monthly employment report

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Listing! Beautiful Flat & Usable Parcel

Beautiful flat and usable parcel, 30 minutes to Santa Margarita. 5 minutes to the Pozo Saloon. The Home on the property is given no value. The barns and outbuildings are many and varied. Parcel would make a great refuge from the “work a day world.” Peaceful and Quiet. Possibilities for a weekend retreat, Horse Ranch with arenas..or even a boutique Vineyard. Two wells, one well is functional. The windmill works and pumps water. Buyer to satisfy themselves how well. Out of area Seller has not lived on the property in many years. This little Valley has a really nice feel to it.
Brian Wolf 805.441.9612

Written by Keith Byrd - Go to Keith's Website/Profile