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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

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

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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

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

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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

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June Employment

Nonfarm Payroll, Unemployment Rate, Average Hourly Earnings

The US created 213,000 new jobs in June, another solid gain that shows companies are finding ways to fill open jobs despite the dwindling pool of skilled workers. The gain in hiring topped the 200,000 economist forecast. The unemployment rate, surprisingly, rose 4% last month after dropping to a 18 year low of 3.8% back in May of this year. The jobless rate rose largely because approximately 600,000 people entered the labor force. More Americans are known to look for jobs when they are seen as easier to find, in yet another sign the labor market is very healthy. The number of people who were unemployed also grew by half a million, but the increase may have been tied to the end of the school year when teens enter the workforce. The shrinking pool of labor is slowly forcing companies to raise pay as the competition for talent intensifies, but labor costs are still managing to remain down. Hourly wages rose a very modest 5 cents to $26.98, the yearly rate of pay increase remained unchanged at 2.7%. White collar professional firms filled 50,000 jobs last month to lead the way in hiring. Manufacturers added 36,000 jobs, health care providers increased 25,000 and construction companies hired 13,000 new workers. The only segments of the economy to reduce employment was retail as they shed 22,000 jobs after hiring 25,000 workers in the prior month. The government raised the number of new jobs created in May and April to a combined 37,000. Rising sales are causing business to try to fill a record number of job openings. The problem is finding enough talent, especially with baby boomers retiring. The US has added 19 million jobs in the last eight years and the unemployment rate could possible drop to level not seen since the 1960’s in the near future. This labor shortage has pros and cons, however. While workers could reap higher pay and benefits, rising labor costs could spur the Federal Reserve to raise the cost of borrowing more aggressively; meaning higher payments for mortgages, new cars and other consumer goods.

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! Foxendwood Country Club Home


Updated and functional in Foxenwood Country Club! Just a quick golf cart ride from the Santa Maria Country Club, this attractive, cul-de-sac single story meets all of your needs. Hardwood flooring through most of the home. Spacious living room with custom fireplace, hearth and mantel. Kitchen with quartz counters and large subway tile backsplash, plus stainless appliances including commercial style range and warming drawer. Prior formal dining room is now an enclosed office with tray ceiling. Three spacious bedrooms, and baths with custom roll-in showers. Master bedroom has sliding door to backyard patio, abound with floral color. This lovely home has been perfected to an ideal floor plan and is ready for you to move in and enjoy!
Gina Gluyas 805.310.7208
Lic#01732656

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

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New Listing! The Home of Your Dreams

The home of your dreams is available! This beautifully update four bedroom home is a pleasure to view. Absolutely immaculate with new paint throughout, new flooring,new appliances, a new irrigation system and landscaping. The yard is lush and green with a beautiful patio to enjoy the summer evenings. There is room to park your RV or boat in the side yard, a lovely bird coop, additional parking area in the front yard and located on a cul-de-sac. Inside is amazing. Upon entering you are greeted by cathedral ceilings that invite you into the living room. The kitchen features granite counters and breakfast bar seating. An office, family room, gorgeous kitchen, bath, laundry room and additional storage room complete the main level. Upstairs you will find four bedrooms, two baths and a sitting area. All lovingly cared for and tastefully designed. Located inside the gate with access to the recreational facilities offered in Heritage Ranch and within walking distance of the grocery store, gas station, car wash, coffee shop, elementary school and more. Inside the ‘Ranch’ you will find a dog park, lake access, camp ground, tennis courts, basketball courts and baseball facilities, equestrian barn, parks and more. You can have it all!
Kim Croft 805.689.2654
Lic#01455763

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New Listing! 6 Bedroom 2 Baths in Atascadero


A truly unique property! Two recently renovated residences on over 8 acres of usable land located in southwest Atascadero. Private entries to each of the homes are located on opposite sides of the buildings. Each home features three bedrooms, 2 bathrooms and are approximately 2000sf. The living spaces and entertaining areas are spacious and designed with the favorable open floor plan concept in mind. Premium finishes for the property include laminate flooring, granite slab countertops, stainless steel appliances, vinyl windows and recently painted interiors & exteriors. The back acreage includes a 30 x 30 shop with dual roll up doors on a concrete slab in additional to a seasonal pond and creek. This location has been fenced and cross fenced. Plenty of parking for all your toys! Bring your creative ideas to this open canvas parcel or simply lodge your family and enjoy the topography as is.
April Fehrer 805.610.0345
Lic#01446379

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New Listing! San Luis Obispo Lot


Lot A. A wonderful opportunity to capture some truly outstanding views in an exceptional location! This is one of two lots located above the San Luis Obispo Country Club golf course, with open space all around the two, and ublock-able views of the Edna Valley that have to be seen to be appreciated! These views are from north of SLO clear to the southern part of Edna Valley, and all of the hills to the east. Unblock-able and unbeatable! Here is an opportunity to build the house of your dreams! In the Los Ranchos school district, close to the Country Club.
Beverly James 805.748.8613 – Lic#00841774
Sandy Lee 805.550.6052 – Lic#01856768

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

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New and Pending Home Sales

New Home Sales

New home sales ran at a seasonally adjusted annual rate of 689,000 in May. This level beat economists predictions of a 668,000 selling pace, although revisions to prior months were mostly negative. Sales of newly constructed homes were 6.7% higher than the downwardly revised April pace and 14.1% higher than they were a year ago. The median sales price in May was $313,000, which is 3.3% lower than a year ago. With a faster selling pace it would take less time to exhaust available inventory, 5.2 months at the current pace, compared to 5.4 months in April. New home sales have been slowly growing higher, but the month to month report, based only on small samples of data, are always choppy. In May year to date sales were 8.8% higher than the same period in 2017, a tick up from 8.4% in April. May’s pace was the second strongest of the current cycle. The biggest challenge for the housing market is still the lack of supply to feed years of pent up demand. Previously owned homes spent an average of only 26 days on the market in May, yet May sales were still lower than in April due to their lean volumes. To put the data into perspective the 2017 average was 613,000. The fourth quarter average was considerably higher at 655,000 but that period likely included significant rebuilding activity after the past season’s hurricanes. The first quarter of 2018 average held essentially steady at 656,000 and the April-May average of 667,000. It appears that a gentle uptrend in new home sales remains in place.

Pending Home Sales

US pending home sales declined 0.5% to a reading of 105.9 in May. The index tracks real estate transactions in which a contract has been signed but the transaction has yet to close, this measure dropped to a four month low in May and missed economists forecasts of a 0.6% increase. The index was 2.2% lower than a year ago. That’s the fifth straight month of negative annual readings. The story in the housing market remains centered around supply not demand. Realtors in most of the country continue to describe their markets as highly competitive and fast moving but without enough new and existing inventory for sale, essentially stalling activity. Contract signings precede sales by approximately 45 to 60 days, so this report signals the next batch of existing home sales data could be yet another disappointment.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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FOMC Votes to Raise Federal Funds Rate in Latest Meeting

The Federal Reserve in their meeting that took place Wednesday June 13th, voted to raise the US interest rate, this underscores the central bank’s confidence in a steadily growing economy but does acknowledge the recent rise in inflation. The bank as expected lifted its federal funds rate by a quarter of a percentage point to a range of .75%-2% now. The Fed also signaled a shift in thinking by projecting a total of four rate increases in 2018 rather than the previously planned three rate hikes. The Fed members remain closely divided over whether the bank should boost rates three or four times this year; with eight of the Fed officials expecting interest rates to rise at least four times; and seven members forecasting only three forecasts. This lack of consensus among interest rate changes reflects the uncertainty about how high inflation will rise and how far the Fed can go before damaging the economy. Fed Chairman Jay Powell stated, “if you raise rates too quickly, you are just increasingly the likelihood of recession.” The Fed’s preferred inflations has already hit the bank’s long run 2% target rate. The Fed predicts inflation will end up around 2.1% by year end suggesting the central bankers think prices will ease later this week. The Fed found particularly surprising the slow rate of increase in worker pay despite the lowest unemployment rate in almost two decades and growing shortages of skilled labor. The Fed no longer thinks money is very cheap or that the economy needs as much help as it once did, they stated the economy is in great shape. Beyond this year, the Fed predicts it will raise rates three times in 2019 and one more time in 2020 to push its benchmark rate up to 3.4%. Eventually the rate is expected to slip back to around 3% or less.

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