We have our weekend update to look at the week that was and the week coming up!  This is from Prudential California Realty in San Luis Obispo with a 100% client satisfaction policy. Visit our web site at www.myslohomefinder.com for all your San Luis Obispo County real estate search needs. The Week Ahead: Employment Situation, Consumer Sentiment         The November jobs report was surprisingly positive-at least at the headline level. First, the unemployment rate declined to 7.7 percent after edging up one tenth in October to 7.9 percent.Non-Farm Payroll jobs in November rose a moderately strong 146,000, following an increase of 138,000 in October (originally up 171,000), following a gain of 132,000 in September (previously up 148,000). The net revisions for September and October were do... 12/08/2012

Here is another mortgage rate update brought to you from Prudential California Realty- "Where our clients come first!" Visit my state of the art web site to search for your perfect home- www.myslohomefinder.com The Day Ahead:Jobless Claims at a minus 164,000           Initial Jobless Claims fell 25,000 in the December 1 week to 370,000. This is the third straight major decline that together just about fully unwinds a giant 90,000 spike in early November tied to Hurricane Sandy. The latest level falls in line with the trend that preceded the giant storm, a comparison that hints at no significant change in the nation's jobs market. ECB Pres Mario Draghi announce that the European Central Bank Governors were widely discussing lowering rates, this help keep down the 10yr bond yield to 1.57 ... 12/07/2012

Here is today's mortgage rate update brought to us by Prudential California Realty.  Can the rates go any lower? Check out my web page at www.myslohomefinder.com for all your home search needs. The Day Ahead: Employment Situation, Consumer Sentiment         The November jobs report was surprisingly positive-at least at the headline level. First, the unemployment rate declined to 7.7 percent after edging up one tenth in October to 7.9 percent.Non-Farm Payroll jobs in November rose a moderately strong 146,000, following an increase of 138,000 in October (originally up 171,000), following a gain of 132,000 in September (previously up 148,000). The net revisions for September and October were down 49,000. The consensus called for an 80,000 rise for November.Private payrolls advanced 147,000... 12/07/2012

What if we fall off the fiscal cliff?  Will it affect us?  We have a budget short fall, and lack of revenue.  Maybe the spending cuts will be a good thing!  It could be a wake up call to all those politicans that we aren't a walking piggy bank.  I have attached a good article about it below.  It looks like the President wants to call the Republicans' bluff! Geithner: Ready to go over 'cliff' if necessary By MARTIN CRUTSINGER AP Economics Writer The Associated Press Wednesday, December 5, 2012 9:17 PM EST WASHINGTON (AP) — Treasury Secretary Timothy Geithner said Wednesday that the Obama administration is "absolutely" ready for the U.S. economy to go over the "fiscal cliff" rather than accept a budget deal that doesn't include higher tax rates for top earners. Geithner said the administr... 12/05/2012

Interest rates are so low so why aren't you buying property? Here is the update from Dr. Bob Franklin at Wells Fargo Home Mortgage in the pretty village on the beach- Pismo Beach California. My web site is the state of the arts site for all you home search needs www.myslohomefinder.com The Day Ahead: ADP Employment and Other Economic Data           ADP sees month-to-month growth slowing for US private payrolls, forecasting a rise of 118,000 in November vs its downwardly revised increase of 157,000 for October.Productivity for the third quarter was revised up, consistent with the recent upward revision to third quarter GDP. Nonfarm business productivity rose an annualized 2.9 percent in the third quarter, compared to the initial estimate of a 1.9 percent gain and compared to a 1.9 percen... 12/05/2012

Here is today's mortgage rate update from Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. Go to my web site at www.myslohomefinder.com for all your home search needs in San Luis Obispo County. The Day Ahead: No Economic Data Leaves Focus on Fiscal Cliff   Dow is trading at 12,969 -3.02, the 10 yr bond is at 1.61 from 1.64 Yesterday, . Currently mortgages are slightly better from Yesterday    Conv. - 3.125% FHA. -   3.0%             Make it  a Great Day!       Bob Franklin   Mortgage Consultant NMLSR ID 248760   Wells Fargo Home Mortgage  |  575 Price St    Suite 105  |  Pismo Beach, CA  93449 MAC E2396-011 Tel (805) 550-3395  |  Toll-free (855) 783-9170  |  Fax (877) 609-0926   Bob.Franklin@wellsfargo.com   www.wfhm.com/Bob-Franklin     12/04/2012

Today's mortgage rate update is brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California.  Check out my web site for all your San Luis Obispo County home search needs www.myslohomefinder.com   The Week Ahead: Economic Data, Fedspectations, and the Fiscal Cliff   ISM Mfg Index, Readings  sector have been bumpy and are a little bit more bumpy following the ISM's sub-50 reading of 49.5. This indicates monthly contraction in general business activity -- a contraction following two months of slight expansion and returning to the contraction of the three prior months.Construction activity in October was healthy across the board. Other sectors within construction have been up and down but housing continues its sustained uptrend. Construction spending jumped 1.4 perc... 12/03/2012

So big things coming up this month!  Congress and the President have to come up with legislation to stop us from driving off the fiscal cliff.  Hopefully they will come up with something!  Is that too much to ask? Thanks to Mr. Bob Franklin at Wells Fargo Home Mortgage for the update.  I leave you with this quote- Will Rogers- "We have the best Congress that money can buy!" The Week Ahead: Month-End, Moderate Data, Germany Votes on Greece                 Hurricane Sandy has wreaked havoc on a number of economic indicators and now you can add the personal income report to that list. Personal income in October was flat for the month, following a 0.4 percent boost in September. October was well below the market median forecast was for a 0.3 percent rise. Notably, the important wages & sala... 12/01/2012

I read a good article on where mortgage rates will be going into the next year.  70% of a panel of experts thought they would remain about the same, and 23% think they will go down.  But 7% think they will go up. Read the attached article for the results of the poll- mortgage Mortgage Rate Trend Index: Nov. 29, 2012 By Bankrate.com       Will rates go up, down or remain unchanged?   Panel Prediction Up Down Unchanged 7% 23% 70%   Will rates rise or remain relatively unchanged? Experts and Bankrate analysts predict where mortgage rates are headed over the next week.This week (Nov. 29-Dec. 5), 7 percent of the panelists believe mortgage rates will rise over the next week or so, 23 percent think rates will fall, and 70 percent believe rates will remain relatively ... 12/01/2012

Good morning to all!  Here is today's mortgage rate update from our friend Bob Franklin at Wells Fargo Home Mortgage located in Pismo Beach California. Go to my web site at www.myslohomefinder.com for all your home search needs. The Day Ahead: Durables Goods, Consumer confidence, Greece's long-term debt           The latest Durables headline number is not great-other than it did beat expectations. But there was modest strength in the details. New factory orders for durables in October were unchanged after rebounding 9.2 percent up September and after a massive 13.1 percent fall in August. Market expectations were for a 0.8 percent decline. The transportation component tugged down on October data. Excluding transportation, orders rose 1.5 percent after gaining 1.7 percent in September. A... 11/27/2012

Here is the mortgage rate update for Monday 11/26/2012.  Thank you Bob Franklin at Wells Fargo Home Mortgage for the update.  His office is in the beautiful city on the beach, Pismo Beach California. Go to my web site at www.myslohomefinder.com for all your home search needs.   The Week Ahead: Euro-Drama, Month-End, Auctions and a Full Week of Data           Today, The Dallas Fed general business activity index rose to 1.8, registering its first positive reading since June. Tuesday: Durable goods orders, prior 9.9%, consensus -0.8%. Consumer confidence, prior 72.1, consensus 72.8 Wednesday: New home sales, prior .389K, consensus .387K.Beige Book (This book is produced roughly two weeks before the monetary policy meetings of the Federal Open Market Committee. On each occasion, a differen... 11/26/2012

Real estate agents often ask me, "Does social media work?"  My answer is that "It only works if YOU WORK it!"  In other words, it's not instant; it requires real work and effort and follow-up.  It's sort of like going to a Chamber of Commerce mixer, handing out a stack of business cards, but then forgetting to get others' cards... and worse, never following up.  Networking, whether online or in person, netWORKing requires “work” for it to WORK!     11/25/2012

I want to thank all my clients and associates for a Great Thanksgiving!  I have had my greatest year due to my clients, friends and family.  I have to give them praise for helping me!  I have to give thanks to all!  God Bless! From www.myslohomefinder.com   11/22/2012

Happy Thanksgiving to all!  Here is the mortgage rate update for 11/21/2012.  This update is brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. See my web site for your home search needs www.myslohomefinder.com The Day Ahead: Last of the Week's Economic Data   Impact from Hurricane Sandy is extreme for weekly Jobless Claims which have become impossible to read as a gauge for underlying employment. Initial claims fell back 41,000 in the November 17 week to 410,000 with the prior week revised yet higher to 451,000. Market News International reports that the Labor Department has no handle on the magnitude or the duration of the storm effect. The Labor Department is warning that there may be excess claims due to the storm. We will want to be sure that the ... 11/21/2012

Sometime when I see the present mortgage rate updates I feel like we're in a "Limbo" competition.  How much lower can they go?  I really can't believe how low they are today!  Thanks to Bob Franklin for the mortgage rate update.  Bob is with Wells Fargo Home Mortgage located in Pismo Beach California. Visit my web site for all your San Luis Obispo home search needs at www.myslohomefinder.com   The Day Ahead: Light Data Calendar, Bernanke in the Afternoon           Builders are more than maintaining their busy pace, they're adding to it based on Housing Starts for October which rose 3.6 percent to an annual pace of 894,000. This follows a giant 15.1 percent revised surge in September and a 3.0 percent gain in August. October's gain is centered in the West and Midwest with the South posti... 11/20/2012

Some good news for all the home owners and sellers in San Luis Obispo County.  October home sales are up for the 9th month in a row!  See this article from the SLO TT for more information. County home sales and median price up in October It's the ninth consecutive month in which more homes were sold in the county than in the same month of 2011 By Julia Hickey — jhickey@thetribunenews.com Both the total number of homes sold in San Luis Obispo County and the median price of a home rose this October compared with the same month last year. Home sales overall grew 18 percent year over year to 328, according to the San Diego-based firm DataQuick, an independent real estate tracker. It marked the ninth consecutive month in which more homes were sold than in the same months of 2011. In another ... 11/20/2012

Hello to all!  Here is Monday's mortgage rate update.  Brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. My web site at www.myslohomefinder.com has all you need to search for that perfect property in San Luis Obispo California. The Week Ahead: Holiday-Shortened and Light on Data           Sales of existing homes have been bouncing up and down and bounced back in October, up 2.1 percent to a 4.79 million annual rate following a revised 2.9 percent decline in the prior month. Sales in the Northeast, which was hit at month end by Hurricane Sandy, fell 1.7 percent. The report's other three regions, led by the West, all show gains.The aftermath of Hurricane Sandy sure isn't holding back the home builder's housing market report where the main index is up a ... 11/19/2012

We are all seeing it!  Inventory is done and we are having bidding wars for moderate to low priced properties.  Now I'm seeing the high end selling too.  This article spells out for us the percentage of increase.  Also I read that the CAR expects the real estate prices to rise 15% in  the next two years.  Great news for home owners! Thank you to Bloomberg Businessweek for the great article. Bloomberg Businessweek California home prices rise 19 percent in October By Elliot Spagat on November 15, 2012     SAN DIEGO (AP) — California home prices posted an eighth straight annual increase in October, a research firm said Wednesday, the latest evidence that the state's housing market recovery is picking up steam amid tight inventories. The median price for new and existing houses and condomin... 11/17/2012

This is the weekend mortgage rate update for this weekend.  This is from Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. To view all properties in San Luis Obispo visit my web site at www.myslohomefinder.com The Day Ahead: Pace Slows, Minimal Data, Fiscal Cliff Meetings           Industrial production declined 0.4 percent in October after having increased 0.2 percent in September. Hurricane Sandy, which held down production in the Northeast region at the end of October, is estimated by the Fed to have reduced the rate of change in total output by nearly 1 percentage point. The largest estimated storm-related effects included reductions in the output of utilities, of chemicals, of food, of transportation equipment, and of computers and electronic products.Market expe... 11/17/2012

I came across this great report about the boom in apartment complex building and permits issued to build.  This report shows the need for rentals nation wide and the activity to meet these needs.  Thank you to Lesley Deutch and John Burns Real Estate Consulting for this report. Apartment Building Market Intelligence, November 2012   Apartment Construction Booming!       Lesley DeutchVice President November 15, 2012 There are 44 metro areas which will double their multifamily construction this year. Among the major markets, the growth is staggering: Click to View Larger   The Boom Has Just BegunDespite the boom, many of these markets are far from their peak levels of construction, and we think further increases can easily be absorbed in a growing economy. Click to View Larger   The Shift... 11/17/2012