• Affordability is at 49% in SLO County 1st Qtr 2009.
• One in three properties sold were in foreclosure, short sale, or loan default.
• The percentage of home buyers utilizing FHA loans increased significantly in 2008 – 18.8% compared to 1.2% in 2007.
• Adjustable rate and hybrid loans decreased for the third consecutive year – falling to just 7.5% in 2008.
• Fixed rate mortgages showed a sharp increase – 91% in 2008.
• More than half the properties sold were Real Estate Owned (REO – properties owned by the lender).

Sounds like it's definitely time to buy! First-time home buyers can finally afford a home in California. Investors can find properties that offer positive cash flow. Retirees can get into their dream retirement home. Growing families can move to their perfect long-term family home.

As a buyer in today’s market, the biggest problems you are going to have are deciding which property to buy that best meets your needs and what price & terms to offer. There is so much ‘inventory’ available. That’s why it is important to work with or consult with me. I will save you time, money and headache by understanding your needs, previewing potential properties, negotiating the best possible price, watching out for your best interest, and consulting with you every step of the way.

DAILY UPDATES: My office has a unique service that provides you with a daily list of properties for San Luis Obispo, Santa Barbara and Monterey counties. You can add as many cities as you would like to track. On a daily basis you will receive the new listings, price reductions, pending, and sold properties for the cities you stipulate. Email me to sign up.

If you are buying in another area outside San Luis Obispo or Santa Barbara Counties, I can save you time there as well. I will be happy to screen potential realtors to help you find the best one to work with. All it takes is a quick email or call.