San Luis Obispo Country Club (San Luis Obispo, CA)
By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
Rates are unchanged today!  But it looks like they are on the rise.  Any fence sitting buyers or refi's need to get it done now or face higher interest rates. I have attached a great chart showing how home prices have spiked in the last year! See our web site at www.myslohomefinder.com for all your real estate needs in San Luis Obispo County.  Our office covers San Luis Obispo real estate for sale, Atascadero real estate for sale, Paso Robles real estate for sale, Templeton real estate for sale, Arroyo Grande real estate for sale, Pismo Beach real estate for sale, Avila Beach real estate for sale, Shell Beach real estate for sale, Grover Beach real estate for sale, and Nipomo California real estate for sale.   What's up today: Month-End, Econ Data, and Technical Resistance              ...
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By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
I watched an interesting show on "60 Minutes" last Sunday.  It showed "ghost towns" in China where people had bought condos and homes in developments as speculations.  The problem was that no one lived there.  I wondered how many of these properties were bought with credit.  I wonder if this bubble could take out their economy and ours if it "pops".  Then on top of this we have seen signs of inflation coming back.  I hope we aren't looking at the "stagflation" of the 1970s returning! See my web site at www.myslohomefinder.com for all your San Luis Obispo County home search needs. The Day Ahead: ADP, Factory Orders, Beige Book           ADP does not show improvement for private payrolls, at plus 198,000 in February vs an upwardly revised 215,000 in January. Though the month-to-month comp...
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By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
As an avid sportsman and golf spectator, who wants to improve his rusty game, I have recently taken a tour of what I have to call a "golfer's paradise" right here in San Luis Obispo County on the Central Coast of California.  My wife Mila, my son Marcus, and I were given a tour of the Trilogy Monarch Dunes Resort in Nipomo, California by Steve Berry the Shea Homes sales representitive.  Steve is a PGA quality former pro that drove us around the resort in his golf cart.  Steve is one of those low key sales people that I like.  No need being high pressure when you have such an outstanding product to sell.  The Trilogy is not just a resort home development it is a warm and friendly community.  It offers a wide assortment of activities to residence everything from wine making to exercise cl...
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By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
I appears that rates are going up!  If you look out on the horizon, you can see the signs.  Housing prices are gooing up, rents are going up, more jobs are being created, food inflation is creeping up, and governments around the world are printing money!  See my web site at www.mysloohomefinder.com for all your home search needs! The Day Ahead: ISM's non-manufacturing report           Strong gains for employment are being tallied in the ISM's non-manufacturing report which offers an indication of rising momentum for the bulk of the nation's jobs market. The report's employment index jumped 2.2 points in January to 57.5 which is the strongest rate of monthly growth since February 2006.   Dow is trading at 14,000+121.02, the 10 yr bond is at 2.01 from 1.97 Yesterday, . Currently mortgages...
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By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
Here is the weekend mortgage rate update!  Hope you all have a great weekend! See my web site at www.myslohomefinder.com The Week Ahead: New home sales   A huge upward revision to November makes for an unexpected and very outsized comparison with December. New home sales in December plunged 7.3 percent to an annual rate of 369,000. November is now revised 22,000 higher for a 9.3 percent monthly surge to 398,000 which is by far the highest rate since the housing stimulus of April 2010. October is even revised upward, by 3,000 to 364,000. New homes are in short supply though December's adjusted number of homes on the market, at 151,000, is up 2,000 from November and up 4,000 from October. The fall in December's sales rate really brought up supply at the current sales rate, from a seven-ye...
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By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
How long are rates going to stay low?  There is an up swing in job creation and inflation is starting to appear in real estate, rent, food and energy.  But of course food and energy aren't figured into the U.S. inflation rate!  Go figure!  Today's update is brought to us by Prudential California Realty in San Luis Obispo California. Visit my web site www.myslohomefinder.com for all your home search needs. The Day Ahead: Jobless Claims, PMI Manufacturing Index           Noticeable improvement is underway in the jobs market based on initial Jobless Claims that, at 330,000 for a 5,000 decline in the January 19 week, are exactly at a five-year low. The four-week average is nearly at a five-year low, down a sizable 8,250 to 351,750 and is trending more than 10,000 below the month-ago level.C...
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By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
    What should we pay for taxes?  Is 62% of your earnings too much?  I believe it is!  As a country that was founded because of over taxation by the British now is charging 62% to the successful like Phil Mickelson.  The founding fathers would be planning a second revolt if they were here today.  I believe that total taxes should not be above 20%.  If government can't make it on that then they should cut their budget.  I recall the recent headlines in the news that said 49% of Americans don't even pay federal income tax. I would hate to see Phil leave California.  He is a very positive person, and a local hero.  He resides in Rancho Santa Fe near San Diego, and if he leaves I'm sure he will miss the great San Diego weather.  But he brings up a great question, how much taxation is too m...
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San Luis Obispo, CA Real Estate Professionals