SLO HomeStore: The Buyers' Resource

Mortgage rates rising; thank Congress. Every home buyer on the cusp of making that important decision needs to contact their mortgage lender right away and ask about locking in their rate before mandatory rate increases go into effect. Failure to lock the rate and close escrow by the end of that lock will result in [...]

Is home buyer Representation Always “Representation”? We’d probably all expect the minister to preach the gospel but we might be taken aback to hear the same from an agnostic. So it is that it comes as no surprise when an Exclusive Buyer Agent (EBA) preaches the benefits of buyer agency. But when a traditional agent [...]

The central coast has been impacted by the growth of distressed properties in the marketplace according to a 7-year analysis prepared by SLO HomeStore. Beginning in 2005 when there were just two bank-owned (REO) sales in San Luis Obispo County and no short sales, and culminating in 20011 when such distressed properties comprised 42% of [...]

central coast home sales up, prices down. That pretty much sums up the recently closed year. 2011 saw more Central Coast homes sold than during the previous year, albeit prices by any measurement were lower. Throw in historically low mortgage interest rates and it was a year for home buyers to rejoice. Indications are that [...]