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New Listing! Great Home in Costa Village


Great Home in La Costa Village. Bright Open floor plan, low maintenance yard. 2 Bedrooms, 2 1/2 baths, 1261 SQFT home with an attached 1-car garage. Freshly painted interior. Hardwood flooring in living areas. Back patio with grape vines on the fence, perfect for your BBQ. Kitchen features, solid surface counters, stainless steel appliances. Refrigerator and range included. Open to the great room. Gas Fireplace in the great room. Other features include, Air conditioning, Central Vacumn System tankless water heater, ceiling fans. Nice community, close to shopping and easy drive to SLO, Templeton or Paseo Robles.

Krisi Donati 805.459.3099 Lic# 01727301

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

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New Listing! Luxury Views & Privacy in 3 Bed, 3 Ba. Home

Luxury, views and privacy with a coastal influence just 15 minutes from Morro Bay. Custom built home on almost 5 acres with 2,632 sq. feet, includes gated entry. This home is an entertainers delight with a gourmet kitchen, that has granite counter tops, stainless high end appliances, and is open to the great room.The vista views out the windows of the mountains, and country side make for a calming feel. There are beautiful wood floors, cathedral ceilings,and a gas fireplace that you will enjoy in the great room along with many windows to capture the sky. Down stairs also has a large office/den/guest room with access outside thru french doors to the front patio, plus a full bathroom nearby. The master suite has a large bath, large walk in closet, plus a deck for viewing the night sky. All rooms are nice size, and the laundry room is upstairs with lots of storage. The oversize garage has a bathroom. The property has several fenced in areas for animals. Enjoy parties on the deck with a built in barbecue, and amazing views.http://www.13870paloverde.com

Kathy Birkhahn 805.610.6650 Lic# 00915832

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New Listing! Single Story 3 Bed, 2 Ba.


At the end of a busy day imagine getting home to this very private and tranquil oasis! Relax with a cup of tea while sitting in the backyard watching the birds play. This delightful single story home is situated on a flag lot offering the new homeowner peace and quietness. This 3 bedroom 2 bath home has been updated and has been gently lived in throughout the years. It has both a living room and family room, dual pane windows, two car garage, updated kitchen with granite counters, both bathrooms have been updated as well. The home has tile floors throughout except the 3 bedrooms that have carpet. Located close to parks, schools and shops. Come own this piece of tranquility!
Bernie Davidson 805.878.6967 Lic# 01237339

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Central Coast Lending Market Update

Consumer Credit

Consumer borrowing picked up in the month of May, according to the Federal Reserve. Total consumer credit increased $24.6 billion in May to a seasonally adjusted $3.9 trillion; for an annual growth rate of 7.6%, the fastest pace since November of last year. Economists predicted only a $12.4 billion gain. Credit grew a revised $10.3 billion in April, up from the prior estimate of $9.3 billion. Revolving credit, which includes credit cards, surged in May rising 11.4% after only a 1.3% gain in April. Non-revolving credit, which typically includes auto and student loans, rose 6.3% in May, up from 3.9% in the prior month. Mortgages are not included in this data. Much of the acceleration in economic growth in the second quarter, April through June, is due to consumer spending, as it broke away from its first quarter slump. It now appears that consumers are using their credit cards to fuel the growth in spending.

Job Openings

Americans quit their jobs in May at the fastest rate since 2001, showing that workers feel so good about the economy they are willing to leave one company for another. The percentage of people in the private sector who left their jobs by choice rose 2.7% from 2.5%. The quits rate among all workers edged up to 2.4% from 2.3%. Both of these levels are at their highest since 2001. Most workers who leave jobs voluntarily end up getting better pay or benefits elsewhere. More people are willing to make the with when the economy is booming. Job openings fell to 6.64 million in May from a record 6.84 million as companies filled more open positions. Approximately 5.75 million people were hired in May up 170,000 from the month prior, the biggest gain in hiring in 17 years. About 5.46 million people lost their jobs in May. Most of the decline in job openings was concentrated in the highly populated Northeast area of the country. Overall, the economy is surging, and companies are hiring rapidly to keep up with the strong demand in goods and services. It is predicted that soon the unemployment rate could possibly fall to levels not seen since the 1960’s. As the rising quits rate shows, more workers are striking out for better jobs or better paying jobs, confident they will succeed. If workers continue this trend, it could force companies to raise wages faster to retain their best employees or attract new ones. Better pay may be great for workers, but it would be a problem for the Federal Reserve. As members are watching closely to see if higher wages spur inflation, an outcome that would force them to raise interest rates more aggressively.

Producer Price Index

The wholesale cost of goods and services rose in June at the highest yearly rate in almost seven years, reflecting the broad inflationary pressures in a the fast growing US economy. The producer price index rose 0.3% in June, a tick above what was forecasted by economists. The 12- month rate of wholesale inflation climbed to 3.4% from the prior 3.1%, marking the highest point since the end of 2011. The yearly rate of core wholesale inflation, however, remained at 2.7% slightly below the recent high. The core rate does not measure the volatile components such as: food, energy, and trade, and is therefore seen as a better indicator of inflationary trends. The core rate rose 0.3% in June. The wholesale cost of services increased 0.4% while prices for goods increased just 0.1%. Energy prices only rose slightly after a series of sizable gains. Rising oil prices played a large part in pushing up wholesale inflation in the prior readings. The cost of transportation such as trucking, rail, and ocean bound shipping continued to increase; companies are paying more to ship goods with the strong economy and shortages of labor developing. Overall, inflation in the US has risen sharply in the past year due to rising oil prices, higher rents, and medical costs. The level of inflation is still relatively low historically and the PPI is not an exactly accurate predictor of future trends. However, if prices continue to rise the Federal Reserve will feel compelled to raise interest rates at a more aggressive pace. That in return would raise the cost of borrowing for both businesses and consumers. Costs are rising at the wholesale level and therefore will pressure prices given the robust demand.

Wholesale Inventories

Wholesale inventories in the US jumped 0.6% in May as companies boosted production to meet the growing demand. Sales shot up 2.5% I the month. The ratio of inventories to sales fell to 1.24 from a prior level of 1.27. This ratio reveals how many months it would take to sell all the inventory on hand. One year ago, the inventory to sales ratio was higher at a level of 1.31. An increase in inventories adds to the gross domestic product.

Weekly Jobless Claims

Initial jobless claims, a tracker of layoffs in the US, sank in the first week of July toward the lowest levels in almost 50 years. New claims fell by 18,000 to 214,000 in the seven days ending in July 7th. Economists predicted a higher reading of 226,000. The more stable measurement, the monthly average of claims, slipped by 1,750 to 223,000. The number of people already collecting unemployment benefits declined by 3,000 to 1.74 million, known as continuing claims. The number of claims last week was the third lowest of the current nine-year-old economic expansion that began in mid-2009. The last time jobless claims were consistently lower was in 1969. The number of people losing their jobs and seeking benefits has totaled fewer than 250,000 each week since last September. That is an unusually low number for an unusually long time, reflecting the healthiest US job market since at least the end of the 1990’s.

Consumer Price Index & Core CPI

Consumer prices rose in June at the highest yearly rate since 2012, reflecting an economy that is running hotter than anytime since the Great Recession. The increase in the cost of living rose to a 12-month pace of 2.9% from 2.8%, marking the highest level in more than six years. A year ago, the 12-month rate was just at 1.6%. In June, the consumer price index increased 0.1%, economists had predicted a higher 0.2% gain. A more closely followed measure, the core CPI, strips out food and energy, advanced 0.2% last month. The yearly increase in the core rate edged up to a more modest reading of 2.3%, the highest benchmark in a year and a half. Core CPI hasn’t grown faster than 2.3% since the Great Recession. The cost of food rose by 0.2% last month, but the increase was more than offset by a 0.3% decline in the price of energy. Although gasoline prices rose again, the cost of both electricity and natural gas fell sharply. Rents and medical care, meanwhile, continued to rise in price and so did both new and used cars. Airline fares and clothing prices both fell. Inflation has shot up over the past year due to the rising oil prices, higher rents, more expensive medical care, and growing bottlenecks in the economy for skilled workers and certain key materials. Real or adjusted hourly pay rose 0.1% in June, but it was flat in past 12 months. Higher inflation is also pushing the Federal Reserve to raise US interest rates. The Fed members expect inflation to level off soon and fall back toward the 2% mark, but if this does not happen, the central bank may have to act even more aggressively when raising rates. Inflation isn’t surging but is continuing its steady upward climb.

Patrick Harker, Philadelphia Fed President

Philadelphia Fed President Patrick Harker, stated in an interview Thursday, that he still favors only one more interest rate hike this year, even with the recently released data showing consumer price inflation rising at the fastest pace in six years. Harker said he was open to supporting two interest rate hikes this year, but only if inflation continues to accelerate further. Consumer prices rose to a 12-month pace of 2.9% in June, for the highest level since February 2012. The core rate edged up at a more modest pace to a level of 2.3%. Harker believes the Fed should take increases slow and steady; if core inflation begins to accelerate past 2.5%, then, he believes the Fed should act. Absent that, he stated, there are lots of good reasons to hold off increases. The Fed has hiked interest rates twice this year so far. The latest meeting that took place last month shows that Fed members are divided over how many more times to raise rates this year. Eight members forecasted two or more interest rate hikes this year while the other seven projected one or none.

Import Price Index

The cost of import goods fell sharply in June marking the biggest drop in about a year and a half, though this decline may be short lived as trade tensions worsen between the Trump White House and other countries. The import price index decreased 0.4%, the biggest decline since February 2016. Excluding fuel, import priced dropped 0.3%. The import index import price index may not reflect the new tariff related price increases since they are not apart of the index. The added burden of tariffs will mainly show in the producer and consumer price index reports. The cost of imported oil and natural gas declined in June. Oil prices are likely to show an increase next month, but natural gas may not as they have been on the soft side recently. The cost of imported foods, consumer goods and autos all declined. This could be the result of foreign suppliers trying to ship lots of goods to the US before tariffs are implemented. They also may have lowered prices ahead of the pending tariff to keep costs down for end use customers. Another factor that may have helped to push import prices down is a stronger dollar. The stronger dollar makes it cheaper for Americans to buy foreign goods. A stronger dollar has a depressing effect on import goods especially for consumer goods. Overall, inflation has shot up over the past year due to rising oil prices, higher rents, and more expensive medical care, among other things. Higher labor costs and worker shortages are contributing also. The cost of imports has been adding upward pressure to inflation and the problem could worsen once tariffs go into effect on billions of dollars of Chinese and other foreign goods.  Even prior to the tariffs taking effect the yearly rate of import inflation totaled 4.3% in June, close to the fastest pace in almost 7 years. While the tariffs are not actually included in the import price index, the threat of a trade war has pushed up the global cost of key materials like steel. The higher market prices for goods could end up in the index.

Consumer Sentiment Index

The consumer sentiment index fell in July to a reading of 97.1, below June’s level of 98.2 and economists’ forecasts of a reading or 98.9. This is the lowest the lowest the index has been since January. The biggest drop in the index came for the current conditions factor, which fell 113.9 in July from 116.5; expectations remained nearly unchanged at 86.4 vs. 86.3 in June. Negative concerns about the impact of tariffs have recently accelerated rising from 15% in May to 21% in June and 38% in July; these concerns are especially apparent among households at the top third of incomes. Among those who expressed negative views of the new tariffs, the expectations index was 30.5 points below those who did not mention tariffs. Inflation expectations ticked lower over both the one and five-year horizons. With unemployment near an 18-year low and job growth continuing, sentiment remains strong. It is near its average for the last 12 months of 97.7.

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! 3 Bedroom 1 Bath in Atascadero $350K


Perched at the top of a hill and shaded by a grand old oak tree, this lovely home is just waiting to be refreshed! Huge potential awaits the new owner of the 3 bedroom, 2 bath, over 1100 sq. ft. home. Built in 1974, the design affords spectacular views from the deck and spacious side/back yard. The intriguing retaining wall that runs most of the length of the block is said to have been a trademark design feature of E G Lewis properties. Only blocks away from great schools and the charming downtown of Atascadero. At this price, the sale is “as is” and work is needed that would prevent the financing through FHA or VA loans. Ask your realtor for more details. Cash buyers and contractors, come take a look and plan for a nice return on your investment. The seller will review offers on Saturday, July 21, 2018.
Kay Cementina 805.748.1438 Lic#01755079

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

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New Listing! Charming Condo Clost to Town


Charming Condo Close to Town! Located in the Victoria Square development, this delightful 3 bedroom, 2 ½ bath home is only blocks away from the center of town. You’ll be impressed with the stylish updates, original character and 10 ft. ceilings that add a sense of volume. The living room adorned with beautiful wood wainscoting also features a wood-burning fireplace with gas starter. The gorgeous hand-milled wood paneling in the dining room and up the stairway is in keeping with the Victorian feel of the neighborhood. The gorgeous kitchen is cozy, but very functional. A half bath is conveniently adjacent to the kitchen. The single-car garage houses the laundry area and there is also a designated parking place in the lot just behind the house. Upstairs, you’ll find 3 bedrooms and 2 baths. The master bedroom is generous and has an en suite bath. The other two bedrooms share the hall bathroom. A beautiful second story deck is accessed through one of the bedrooms. Enjoy watching the sunset from your rooftop view. These homes are coveted and sell very quickly so call your realtor immediately to schedule a private showing.
Kay Cementina 805.748.1438 Lic#01755079

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

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New Listng! Grand 3 Bedroom +2 Bonus Rooms


Welcome Home! This sunny and grand 3 bedroom with 2 bonus room and 2-3/4 Bath property has so much to offer that a tour has been created for you when you come and view it. Located in a friendly neighborhood and close to Laguna Middle School, parks, shopping and the highway. The newest upgrades done to this wonderful home is a total upgrade of the Master bedroom closets and flooring and en-suite bath that includes new vanity, tile shower and flooring. Although this home is two stories, the master bedroom & bath is located on the entry level, with minimal stairs. Engineered hardwood flooring and newer paint in the stairwell and vaulted living room makes for an open and light filled cozy space. The energy efficient upgrades on all lighting will make a difference on your utility bill with LED’s throughout. The newly landscaped front yard with stone retaining wall, entry pergola and spectacular cactus & gem garden play nicely with the fruit trees and seasonal climbing vines and flowers. The large garage has lots of areas for storage and multiple charging stations including a NEMA 14-50 240v outlet for Tesla charging and 30amp 240v for electric car charging. The back yard is generous and the large glass enclosed patio is perfect for dinner under the stars. Don’t miss the self guided Home Highlights Tour to give you a taste of what this home has to offer when you view the property.
Traci Ferguson 805.235.6396 Lic#01875751

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New Listing! Tri-plex in Los Osos


Investors take note, now available an excellent income opportunity. A tri-plex located near the charming hamlet of Los Osos. Built in 1963 this property has been well maintained with pride of ownership. Each unit is a two bedroom – one bath. There are beautiful Bay and Morro Rock views. With three enclosed single car garages for either parking or storage. Off street parking for tenants or guest makes this welcoming for many. This property has an excellent rental history – rarely vacant. Centrally located near shopping, transportation and eateries. Enjoy the area’s natural beauty and many outdoor activities available at the gorgeous natural state park of Montaña de Oro, the Elfin Forest Preserve, Sweet Springs Nature Preserve, Baywood Park Back Bay & Los Osos Estuary, beaches, fishing, golfing, and so much more.
LeeAnne Fisher 805.440.0251 Lic#01082922

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New Listing! Two Connecting Condos, Oceano


Resort living less than two blocks to the Pacific Ocean and Pismo State Beach. Welcome to your own private vacation destination with these two connecting condos. Both units are single-story ground floor units for easy access. Each is well appointed. They can be used individually or combined – as a full one bedroom or combined as two bedroom, two bath condominium. Maintained to your satisfaction. These units are spacious, fully furnished with flat screen televisions & kitchen appliances to make you feel right at home. The larger unit features a one bedroom one bath floor plan with open concept living-dining-kitchen areas. It also has a welcoming fireplace and sleeper sofa for a perfect vacation home scenario. Enjoy the protected patio area off the front door. Through a connecting door you are welcomed into the adjoining studio unit with a large main room and private bathroom. The one-bedroom unit could sleep four with a king size bed and the use of the sleeper sofa. Both units are offered fully furnished and currently sleep a total of six guests comfortably. The coastal commission allows for owners to occupy each unit 84 days out of the year. You can have revenue for the remaining days by using on or off-site property management. Why not have your vacation home pay for itself? These units are located near pristine beaches and sand dunes. Enjoy kayak and dune buggy rentals, golfing, surfing, fishing, world class wineries, dining and so much more!
LeeAnne Fisher 805.440.0251 Lic#01082922

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