REAL ESTATE SEARCH TIPS

If you are searching for real estate online and are having trouble finding things inaccurate or out of date: The two most up to date and accurate sites are Realtor.Com and Re/Max.Com because they get their feeds directly from the multiple listing services across the country.

SLO COUNTY ONE OF THE LOWEST FOR FORECLOSURES

from the Telegram  Tribune business page:
San Luis Obispo County is faring better than other counties in the state when it comes to foreclosure activity, according to recent data from RealtyTrac, a Southern California-based firm that keeps tabs on foreclosure trends.The county ranks 46th out of 58 counties in the number of foreclosure filings, the firm reported this week.

DOES THE STOCK MARKET AFFECT THE REAL ESTATE MARKET?

  This is a question a lot of people ask about and have their own perceptions of. Although they are both measures of the economy in their own ways, the fact is that at many times the real estate market can be very good while the Dow is in a "bear market" and vice versa. However, when you have a collapse like we had in fall of 2008, it will mean that people have lost a lot of their net worth which may have been used to purchase real estate and that will have an effect primarily on higher end real estate sales and commercial real estate. It may also have the effect of dampening consumer confidence because the ups and downs of the Dow are an every day item posted in the news.
 

Statewide Real Estate Stats

LOS ANGELES (June 22) – Home sales increased 1.2 percent in May in California compared with the same period a year ago, while the median price of an existing home rose 23.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

June 2010 North County Real Estate Statistics

June Sales in Northern San Luis Obispo County were up 9% over May of this year and down 4% compared against June of 2009.   Sales for the 1st 6 months of 2010 were down less then 1% over the 1st 6 months of 2010.  This tells us that we reached the bottom of the market last year and although there is no large increase over last year there is also no real decrease in activity.   The amount of properties on the market is up only 2% from same time last year so no real change in supply either.