Investors are jumping into real estate even if they are having a negative cash flow. I was talking to a major investor yesterday who asked me to keep an eye out for single family, multi-family and commercial property in the San Luis Obispo County area. He told me that he had a certain amount of cash on hand and he wanted to make more than the .8% he is getting in banks. We have been seeing more and more investors coming into our market! They are price out the regular family home buyers that want to have a residence.
Visit my web site at www.myslohomefinder.com for all your real estate needs in Atascadero, Templeton, Paso Robles, San Luis Obispo, Pismo Beach, Arroyo Grande, Grover Beach, Oceano, Nipomo, Morro Bay, Cayucos, and Cambria.
The Day Ahead:International Trade , Jobless Claims
The International Tradebalance in March narrowed on weaker imports. The trade gap shrank to $38.8 billion from $43.6 billion in February. The market median forecast was for a deficit of $42.4 billion. Exports slipped 0.9 percent after increasing 0.9 percent in February. Imports dropped 2.8 percent after rising 0.3 percent the month before.Jobless Claims are moving surprisingly lower and there's no special factors to explain away the improvement. Initial claims fell 18,000 in the April 27 week following a 13,000 decline in the prior week. The 324,000 level in the latest week is a new recovery low and is a very sizable 21,000 below the Economist consensus.
Dow is trading at 14,772+71.29the 10 yr bond is at 1.64 from 1.64 Yesterday, . Currently mortgages areslightly worse from Yesterday
Conv. - 3.25%
FHA. - 3.25%
Average - 3.3%
Last year 3.9%
Have a great one!
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