Month: January 2016

Hancock Park! Beautifully appointed three-bedroom craftsman style home with room for all of your toys. This home features a formal living room, dining room and huge game room complete with wet bar, fireplace and Cathedral ceilings. All bedrooms are upstairs and are nicely sized . Indoor laundry, two car garage, two car detached garage and RV parking. All of this situated at the end of the cul-de-sac and steps away from Joe White Park. $525,000
Wendy Teixera

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This Elegant Country Hills home boasts almost 3,500 sq.ft. of living space, a covered porch, 3 car tandem garage & RV parking. Light & bright interior with beautiful Kahrs Swedish Oak wood flooring, formal living room, office with custom ceiling fan & wainscoting, a full bath & formal dining room. Cheerful kitchen with sink in island, new stove top, long granite counter tops, a Butler’s pantry and eating area. Separate laundry room has a porcelain sink. The family room has a lovely granite fireplace and access to the enclosed back yard. Upstairs takes you to the Master Bedroom featuring views of city and hills, a coffered ceiling, custom ceiling fan, and large walk-in closet with gorgeous built-in organizers. The Master Bath has separate His and Her” sinks and separate tub and shower. The massive bonus room has 2 large storage areas. Down the hall is a full bath with dual sink counter top, 3 additional bedrooms, each with custom ceiling fans. Great shopping and schools nearby. $599,00 Wade Wright

Clean and ready to go. One bedroom/one bath Mobile Home at La Sage Park, Grover Beach. Tremendous location! Walking distance to the beach, hiking trails, overlooking a golf course and peaks of the ocean! Own your own private beach getaway. Enjoy the constant sound of waves breaking from your beach bungalow. Convenient location with nature at your back door. Charming interior is light and bright with an open floor plan, single level living and inviting rear deck. Great getaway for enjoying all the Central Coast has to offer. $105,000 Bruce Freeferg

It’s a new year and Central Coast Lending is happy to announce the addition of three new members to its team!

Roberto Hassey prior to becoming a Loan Broker Associate earned his B.A. in Business Administration at the University of the Americas in Mexico. He is fluent in both English and Spanish and has been living here on the Central Coast for 21 years.

Carie Taylor has grown up in the Mortgage business. It is now her 25th year in the industry and she is happy to bring her knowledge and expertise to Central Coast Lending.

Mike Belezzuoli began his career in lending in 2001 after graduating from Cal Poly with a degree in Ag Business. He is experienced in both commercial and residential mortgages and has a total of 13 years’ experience.

Read More About Our Team

Central Coast Lending is proud to announce their affiliation with the national program Homes for Heroes®. Will Barnaby, Loan Officer at Central Coast Lending and Alicia DiGrazia, Realtor at RE/MAX Parkside are our newest affiliates. Homes for Heroes offers major discounts to those who qualify. Homes for Heroes is an organization that was formed after the tragic events of 9/11 as a way to say “Thank You” to the heroes of our nation. It is an organization that gives back to our local heroes who include, but are not limited to: Military personnel, Police/Peace Officers, Firefighters, First Responders, Teachers, and Health Care Workers.

Homes for Heroes, is celebrating its 13th year of bringing big savings to everyday heroes. Our partnership of Realtors, mortgage lenders, title companies, and other affiliated service providers created Homes for Heroes, Incorporated. This collaboration of real estate professionals’ sole purpose is to offer savings whether you’re buying, selling, or refinancing a home.

On average, based on a purchase or sale of a home for $200,000 our heroes will save approximately $2,000, but savings will depend on the sales price of the home. Realtor affiliates donate 25% of their commission, and lender affiliates donate $500 to cover the cost of appraisals. These rebates and discounts from us as your lender and realtor affiliates are applied directly at closing and your savings from Homes for Heroes can be used at any time!

Homes for Heroes is a free program, costs are covered by your local participating vendors. To sign up all you have to do is go to www.homesforheroes.com and “Sign up for Hero Savings.” An affiliate will then contact you to begin the process.

The Homes for Heroes Promise
• No extra forms
• No red tape
• No fine print
• No hidden fee
• No catch

Central Coast Lending, Inc. is a SLO County-based mortgage lender with offices in Atascadero, Morro Bay, Paso Robles, and San Luis Obispo. Contact Central Coast Lending, Inc. at (805) 543-LOAN or visit the website at www.CentralCoastLending.com. Equal Housing Lender CA BRE #01839608 CA DBO #6054783 NMLS #328358

Casa Grande Mobile Estates Double wide MH has 2 Bedrooms and 2 baths with approximately 1,248 Sq. ft. of living space with 2 space carport. This gated 55 plus community features clubhouse, pool, spa, 9 hole pitch and putt golf course and optional RV Storage. Great location for shopping and 101 Freeway access. ***Information deemed reliable but not verified or guaranteed by broker.*** Shea Hutchinson $58,000

CONSTRUCTION SPENDING

Construction had been a highlight of the US economy, but less so with November’s report where it fell 0.4% far below predictions at +0.7%. The year on year gain for construction spending is at 10.5%, the lowest since April of last year. There was a processing error in the government data that revised previous months all the way back to January of last year. It cut October’s initial 1.0% gain down 7 tenths to 0.3%. Prior residential component’s strength has been cut back. Still residential spending rose 0.3% for second month in a row following September’s very solid 1.2% gain. Spending on new single family homes has been rising strongly with a year on year rate of plus 9.3%. Spending on multi-family homes did fall in November but has been thriving in the prior months up 24.5%. Spending on nonresidential construction has also been solid, though, down in November from October, but still with a year on year rate at +13.6%.

MORTGAGE APPLICATIONS

Mortgage application activity fell sharply in the two weeks ended January 1, even when adjusted for the holidays .Total mortgage applications decreased by 27% on a seasonally adjusted basis. They were down 15% for home purchases, but still 22% higher compared to a year ago. Refinancing was down 37%. This downturn was likely due to the rush on home loans at the beginning of December, before the Federal Reserve increased its funds rate. All of the demand being pulled forward made for a steep drop after the FOMC announcement. Mortgage rates were steady in the period with an average increase of 1 basis point to 4.20%. Weekly data can be unstable during the shortened holiday weeks making these results difficult to read.

US HOMES EXCEED LAST DECADE’S PEAK

After 8 year home values hit a new record. US home values rose through the summer and fall months and have now surpassed the home valuations set in early 2007. The Home Price Index, published by the Federal Housing Finance Agency (FHFA) shows US property values up another 0.5% in October. This marks the 23rd consecutive month during in which home values have climbed nationwide, with a year on year increase of 6.1%. The rise in home valuation is spurring US home sales, too. Homes are expected to get more expensive in 2016 and current mortgage rates are expected to increase. This is creating an urgency to buy homes. The home price index is benchmarked to a value of 100 which is meant to represent the US housing market as it existed in 19 91, the year in which the index was created. In October 2015 the Home Price Index climbed to 227.5 a 0.5% increase from the month prior and a 6.1% increase from a year ago. It’s also the highest published reading of all time on a non-adjusted basis, surpassing last decade’s peak set in April of 2007. This rebound suggests that the housing market has made a full recovery from the economic downturn of last decade.

 

Click to Read the Full Market Update

Magnificent unblockable white water ocean and Rock views from all three levels of this gorgeous, ready to move in home. Watch the whales frolic from your choice of decks off of each spacious bedroom. Licensed vacation rental. Open floor plan with three bedrooms and two full baths plus a separate living space with it’s own kitchen and bath. There is also a bonus room with loft which could be used as another bedroom, game room or whatever suits your fancy. Enjoy awesome sunsets from a private deck, overlooking the ocean, designed for entertaining! Beautiful custom stone fireplace in living room. Other hardwood floors, dual paned windows, two car garage, & completely fenced yard.Kitchen was recently updated with new granite, steel and tile. Freshly painted exterior and interior. Don’t miss this one, it will not last long!
$950,000- Kelly Vandenheuvel

Wonderful 3 bedroom, 2 bath home with an open and bright floor plan! Home has a separate dining area with wood burning stove, and additional bar seating. Kitchen remodeled in 2006, and both bathrooms have been remodeled in the last 2 years. Spacious front and rear yards, both with nice privacy, include hardscaping, chicken coop, planter beds, 2 fruit trees and whole yard irrigation system. Various additional upgrades in the prior years include: new roof 5 years ago, new dual pane windows, new exterior paint, and updated interior and exterior lighting. Clear septic report!
$429,000- Monica Chudgar

Come home to this ocean and hills view beauty! Panoramic views of ocean from master bedroom and living room. Several windows lets the sun shine in! Sunburst window, ceiling fan, & ample closet space with built-ins in master bedroom. Master bathroom boasts large obscure glass block shower enclosure and dual sinks. Upstairs includes: Master bedroom, remodeled kitchen with sky light, large counter bar, custom cabinetry with towel pull-out and baking sheet storage, a cozy fireplace with gas starter and a private view balcony on upper level. Lower level has large storage closet beneath stairs, linen closets, a full bath, and two bedrooms. Central Vacuum system, Laminate and tile flooring throughout. Enclosed yard. Bike to the beach.
$499,000- Wade Wright