Today's Featured Article

Credit Suisse survey for April

by Larry Smyth on May 23, 2013

The Credit Suisse Housing Survey is in.  We may sound like a broken record, but here are the highlights. Demand remains high Supply declines Prices continue to move higher Multiple offers are commonplace Buyer traffic remains high Time on the market declines Be sure to check the full ... Read More »

Friday Photo

by Larry Smyth on May 17, 2013

Have you ever take a cross country flight?  If so, then this tray table photo should look familiar.  I think this is somewhere over Kansas. The interesting this is that there are two soft drinks that I order on a plane.  Ginger Ale or Bloody Mary mix (Just the mix).  I never order them anywhere e... Read More »

Local Sales Market Heats Up

by Larry Smyth on April 30, 2013

So here we go.  The local sales market in San Luis Obispo County is heating up.  Looking at the attached graph, you can see a steady trend of increased pending sales in the county.  In fact March had the highest number of pending sales in the last 15 months.  During the same time period we have se... Read More »

Credit Suisse – Demand and Pricing Accelerate

by Larry Smyth on March 15, 2013

The Credit Suisse report for February tells us that 2013 is off to a super start.  According to the survey, here is what’s going on around the Country. - Unprecedented Breadth of Strength in pricing and buyer traffic - Increased pricing in all 40 markets surveyed - Buyer traffic accelerates... Read More »

Low Inventory

by Larry Smyth on March 6, 2013

Low Housing Inventory= Appreciation If you have been following the recent real estate market or following our blog over the last few months, the general theme is that the housing inventory is very low, and there are lots of buyers.  I have provided a graph below that backs up that point in the San Lu... Read More »

January Credit Suisse Report

by Larry Smyth on February 20, 2013

Once again it is time for the Credit Suisse report.  All indications are that 2013 is starting off with “A surge in demand”. The Key points of the report Show the following: There was a meaningful step-up in traffic and pricing in January The home price index was up from December Buyer... Read More »

Credit Suisse

by Larry Smyth on January 25, 2013

This week we are posting the year end Credit Suisse report.  Credit Suisse surveys real estate brokers all over the country to develop a report of current market trends. Here are some of the points closing out 2012 and leading into 2013. Buyer traffic and pricing end 2012 on a strong note Decem... Read More »

Photo Friday

by Larry Smyth on January 19, 2013

Here in San Luis Obispo the city fathers have decided that community art is an important part of building a community.  To that end, artists have been commissioned to use the traffic signal boxes as their canvas, and create “Street Corner Art”.  This selection is on the corner of ….Oh Oh I almos... Read More »

Credit Suisse Report

by Larry Smyth on December 15, 2012

We just received the November Credit Suisse Report. The report has the same reoccurring theme that we discussed at our office meeting this morning….Inventory is Low.  There seems to be plenty of buyers in the market, and with the short inventory, prices are pushing up a bit.  The good news is tha... Read More »