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New Listing – Beautiful 2 Bedroom 2 Bath at Rice Ranch

Beautiful 2 Bedroom 2 Bathroom Monaco Floorplan at Trilogy at Rice Ranch, located on California’s spectacular Central Coast. Large Corner Lot, Master Bedroom with Walk-in Closet, Master Bath with dual sinks and tiled shower, 2nd Bedroom has Murphy Bed which is great for office or guests. Spacious Kitchen with breakfast nook opens to living room, Indoor laundry room, Beautiful Engineered Wood flooring in living areas, Carpeted Bedrooms. Private back yard with large covered patio area and low maintenance landscaping, 2 Car garage with storage cabinets. View of the hills in the distance. The community also offers park, hiking and biking trails as well as dog park. Solar City lease has been paid off so there will be no lease or electricity payments for new owner. Clear Pest Cert.
Shea Hutchinson 805.260.6322
Lic# 01189054

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

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New Listing- 4 Bedroom 2 Bath in Orcutt

This is the former sales/model home for the ”Vista Sol” Estates built in 1959 and lovingly updated and maintained. Located on Hobbs Lane in Orcutt, this home features new carpet, fresh paint, and dual pane windows along with a remodeled hall bath complete with granite counters, walk in stone and tile shower, too. Enjoy the roomy kitchen with tile counters open the dining area and French doors. The family room focal point is the classic brick fireplace! The ”garage is a large bonus room with laundry facilities in the closet, lots of desk and bookshelves and storage – and has a separate entrance. A fenced in private RV area provides plenty of room for all of your toys. Large terraced backyard, too!
Wendy Teixeira 805.310.3505
Lic#01345995

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

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New Listing – Nice Manufactured Home on 40 Acres!

Nice Manufactured Home on 40 acres. Permanent foundation. Pergo floors and beautiful cabinetry, This is a very livable Home. Completely off the grid. Solar backed up with a large Onan generator and Propane. Nice combination of hills and usable flat areas. Peaceful and Quiet. Many suitable uses including Recreation or Agricultural Enterprises.
Brian Wolf 805.441.9612
Lic#01713911

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

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New Listing- Charming Arborwalk Cottage

Charming Arborwalk cottage with end-unit location! This open floor plan home is light and bright with southern and western exposure. Enjoy working in your kitchen with a view to living and dining areas. Large master bedroom with balcony, and equally spacious walk-in closet! Upstairs laundry makes for easy living. Low maintenance backyard area perfect for vegetable gardening or enjoying the afternoon sunshine. Enjoy the comforts of a gated community plus walking distance to numerous local shops, restaurants, gas and shopping. Easy access to Hwy 135 for commuters to Lompoc and Vandenberg AFB, plus public transportation.
Gina Gluyas 805.310.7208
Lic#01732656

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

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New Listing- 4 Bedrom Home near Cal Poly

Location speaks volumes about this property, only 2.5 blocks to the entrance of Cal Poly San Luis Obispo with convenient access to 101 and schools. This inviting mostly single-level home is set on a low maintenance 9600 square foot lot, nestled under the canopy of native oaks. You’ll be surprised by expansive living areas with hardwood floors, generous-sized bedrooms, 3 bathrooms, and well-designed kitchen. Indoor laundry room. Sliding glass doors access large yard area. There is a 2 car garage as well as a long driveway to accommodate multiple vehicles in tandem. On demand tank-less water heater & low-E windows.
LeeAnne Fisher 805.440.0251
Lic#01082922

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

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New Listing! Beautiful 4 Bedroom Home on the golf course

Beautiful one story home on the golf course! This home is located at the 17th tee on the Santa Maria Country Club & offers 4 nicely sized bedrooms, 2 1/2 bathrooms & a 3 car garage. Enjoy the open & flowing floorplan featuring formal living & dining areas, cathedral ceilings & plantation shutters. The large gourmet kitchen features an island with breakfast bar, ample storage & granite counters. The French doors in the formal living area provide privacy for a home office or ? The roomy master bedroom has all the amenities you’d want – garden tub, separate glass shower, dual sinks, walk in closet & a French door to the patio. Enjoy two levels of gathering areas outside, including a water fall, mature landscaping & plenty of spots to entertain and enjoy all life has to offer!
Wendy Teixeira 805.310.3505
Lic# 01345995

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

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Affordable Living Right at the Ocean!

Check out this super cute home with fantastic views of both the ocean and mountains. Located in the premier mobile home park, Mesa Dunes, you’ll have access to two pools, each with their own clubhouse, fitness trails and parks. Priced at $179,000, you’ll have 4 bedrooms, 2 baths and over 1500 sq. ft. of living space. See more at https://www.youtube.com/watch?v=80hl5bWczT8

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

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Market Update

CCL Market Update:

PMI Manufacturing Index

The manufacturing PMI finished March at a steady and firm rate of 55.6, 1 tenth lower than the mid month flash and three tenths above February’s reading. Strength in new orders; including export orders, is a highlight of the March report as is a 3-year high for business expectations. Output is strong but slowing and the sample continues to hire but at an easing rate. Capacity strengths are evident including the sharpest increase in delivery times in four years as well as a jump in input costs with respondents citing rising tariffs and also rising cost of raw material. These higher prices are being passed through to customers with rising selling prices currently at a five year high. The data in these past few months are showing accelerating factory conditions including building and signs of inflation.

ISM Mfg Index

ISM manufacturing eased back from February’s 14 year high, slipping 1.5 points and back below 60 to what is still a strong number at 59.3 for the month of March. Judging from the strength for orders, including both export orders and backlog orders, suggest the PMI may return into the 60 range in the next couple months. Questions of capacity stress have to be raised given a second 60-plus reading for supplier deliveries which indicates lengthening times and suggest that the supply chain is increasingly jammed up. Input costs, at 78.1 are at an 8 year high. But stress, isn’t appearing yet in the employment sector as the sample continues to find available applicants with related index at a very strong 57.3, which is down nearly two points from February.

Construction Spending

Construction spending has been soft as it only inched 0.1 percent higher in February after no change in January but there are signs of strengths in the details. The most important gains are being posted for new single family homes, up 0.9 percent for a second straight month for a yearly gain of 9.5 percent. Multi-family homes, where spending has been were, bounced back a monthly 1.2 percent for a yearly 0.9 percent for a second increase. The weakness in February’s overall report comes from homw improvements which fell a monthly 1.5 percent for only a 1.4 percent gain. Public spending also weakened in February with educational and highway spending both slipping into slightly negative group on the month. But private nonresidential spending is a positive, up 1.5 percent on the month though the year on year spending is still subdued at 1.1 percent. Power and manufacturing construction have been showing the most weakness though has they both posted gains in February. Transportation, despite a slip in February, has been very strong as has commercial building while office spending after a large monthly jump moved back into the positive column for its year on year rate. Overall year on year spending is still subdued, down 2 tenths to only 3.0 percent. Yet the gains in single family homes are a big plus for the housing market and should help build expectations for a desperately needed rise in housing supply which in turn would be a major plus for housing sales.

Mortgage Applications

Purchase applications for home mortgagees fell a seasonally adjusted two percent the week of March 30th, shrinking the year on year gain in the purchase index by 3 percentage points to 5 percent. Refinancing applications fell five percent in the week puling down the refinance share of mortgage activity by 0.9 percent. Despite the weekly decline, purchase applications continue to show solid year on year gains and point to housing market strength.

PMI Services Index                 

New orders remain strong but did ease in the month of March, pulling down the PMI to 54.0 for the month’s final reading vs 54.1 at mid-month and noticeably lower than February’s 55.9. Orders aside, output remained strong and hiring accelerated as well in the month for the best showing since last August.

ISM Non-Mfg Index

Unusual strength eased a bit in March for ISM’s non-manufacturing sample as the index came in near expectations at 58.8 vs. 59.5 in the prior two months. Growth in new orders remains very str5ong though the index is now under 60 at 59.5, for the first time since December. A key positive was a 1.6 point rise in employment to 56.6 which is strong for this reading.

Jobless Claims

After holding steady near record lows since the middle of January initial claims jumped 24,000 higher to 242,000, well over economists’ high estimates. There are no special factors behind the jump. Continuing claims in an offset, fell a very sizable 64,000 to 1.808 million in the week of March 24th which also falls outside the sample period for the monthly report. The unemployment rate for insured workers is unchanged for a fifth straight week at a very low 1.3 percent.

Employment Situation

March payroll growth of 103,000 is well below expectations but wage indications from average hourly earnings do show a little pressure as was expected, up 0.3 percent on the month with the year on year rate up 1 tenth to 2.7 percent. The unemployment rate did not move down which was the consensus among economists, instead it held steady at very low 4.1 percent. Looking at payroll growth, February and January have both been revised with a net of minus 50,000 as the result. The first quarter average of 202,000 is a bit below the fourth quarter’s 221,000. The breakdown for March shows another very strong showing for manufacturing up 22,000 which hits economists’ consensus and with professional and business services, a key component for tracking labor demand, rising a respectable 33,000. Yet the temporary help subcomponent for tis reading fell 1,000 after rising 21,000 in February. Construction payrolls which have been on the rise, fell 15,000. Retail also fell, down 4,000 in the month.

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 Country Club Home

Complete “Walls In” re-model of this 2800 sq.ft. 3 bedroom, 2 and 1/2 half bath golf course home. Features list is HUGE including: Complete kitchen remodel & breakfast nook with Wolf range & exhaust system, Subzero Refrigerator–restaurant quality, Sharp tray microwave, Bosche dishwasher, wine refrigerator, farmhouse sink, hammered bar sink, & corresponding hardware , granite counters & new custom cabinets, sit-down bar counter. All new interior & exterior lighting systems from Stollmeyer, Sonos whole-house audio-video system, including outdoor ‘back-deck’ coverage. Contractor Glass high-efficiency window upgrades. All new flooring-Stone in kitchen, bathrooms, laundry room & front entry, Carpeting in bedroom, Hardwood in living areas and hallway.
Bruce Freeberg 805.748.0161
Lic# 01771947

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

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New Listing! 3 Bedroom 1 Bath Move-in-Ready

Orcutt, Move in Ready 3BD/2Bath Home. Open floorplan with built-ins, living room pre-wired for home theatre. Kitchen updated with granite countertops and stainless steel appliances. Master Bedroom has built in dresser, Master Bath with dual sinks and tiled shower. Covered patio with stamped concrete in back yard. Nice yard space with Orange Tree. Leased Solar System with Sunrun. Edgewood Community park for residents to enjoy. Near 101 Freeway access and Orcutt Schools!!! **Information deemed reliable but not verified or by broker**
Shea Hutchinson 805.260.6322
Lic# 01189054

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