Mike Hendrickson's Real Estate Blog

    The Day Ahead: Consumer Spending, Consumer Sentiment           Consumer Spending slowed sharply to a 0.1 percent rise in July but followed a strong 0.6 percent boost the month before. July posted lower than market expectations for a 0.3 percent increase.The consumer's assessment of economic c...

The nations GDP for the 2nd quarter was raised to 2.5%!   So it looks like the economy is expanding more than thougt!            Real GDP growth for the second quarter was raised to an annualized rate of 2.5 percent compared to the initial estimate of 1.7 percent and compared to a fourth quarter ...

Mortgage rates are going up!  Now home owners can lock in lower rates.   New lending programs are allowing homeowners to lock in a low rate mortgage before the Fed increases interest rates Wednesday, August 28, 2013 When homeowners visit the The Easy Loan™ official website, they may be shocked at...

The pending home sales are down 1.3% in July.  Is the slow down due to higher rates and higher home prices.  But also we have to consider the lack of inventory to blame for the lower sales.  Mortgage applications are down 2.5% for the week! Average 30 year mortgages are at 4.8% up 12 basis points...

Durable goods orders were down in July by 7.3%!  This ties in with the new home sales   in July down 13.4%!  This is just more proof to us here at www.myslohomefinder.com that the raising   of interest rates will slow the economy and may even push us back into recession!   Go to www.myslohomefin...

Moody's announced today that they were reviewing the credit worthyness of large U.S. banks.   Moody's is concerned that there is not the will in the best U.S. Gevernment, or the U.S. people, to bail them out again if they get in trouble, like was done in 2008.    The mood of the American people i...

In news that shocked the market, new home sales were down 13.4% last month.  Higher rates on mortgages were blamed!  This news caused the home builder's stocks to drop like rocks.  Here at this blog we have been having a lively debate about the economy, and if the present "mini housing boom" was ...

In news that shocked the market, new home sales were down 13.4% last month.  Higher rates on mortgages were blamed!  This news caused the home builder's stocks to drop like rocks.  Here at this blog we have been having a lively debate about the economy, and if the present "mini housing boom" was ...

 Sales of previous owned homes were up by 6.5%!  The most in 3.5 years!   Prices were up 13.7%!  Sales up 17.2% from a year ago!   It appears that the initial shock over rising rates has settled in and buyers are seeing that rates are going up more!  They are buying now while rates are still hist...

  Want to find a home or investment property in Templeton or the rest San Luis Obispo County?    Go to www.myslohomefinder.com to search the cities of San Luis Obispo County to find that special home.  We are known for our special treatment of people, and being able to help you find that special ...