Newsletters

SLO County Market Update / Senate Bill 1383 - statewide greenhouse gas emission reduction goal In 2016, Governor Jerry Brown signed Senate Bill 1383 into law, creating statewide greenhouse gas emission reduction goals. The law would roll out slowly over the course of several years with established dates for each action step trickling out until January 1st, 2025, where it would then be in full-effect....

SLO County Market Update  / Combating Inflation with Rising Rates Given the past few years; a world-wide pandemic, skyrocketing home prices, rising fuel costs, record-breaking lumber price tags, a brand new war.... we would never dream of trying to predict what may happen with the current interest rate hikes. However, here’s what we’ve found the experts are saying. The Goal: The Fed’s...

SLO County Market Update / Electricity In The News Amid record-breaking heat waves, the news has been buzzing with policies meant to combat climate change. Whether it’s immediate flex alerts or legislation intended to go into effect over the coming years, all Californians will be feeling the heat regarding these new commitments. Electricity is seen as the key to carbon neutrality and we’ve summarized...

SLO County Market Update / SLO’s Inclusionary Housing Ordinance Update On July 19th, San Luis Obispo’s City Council introduced two ordinances as part of an equitable-development strategy to address affordable-housing needs. Final adoption is scheduled for August 16th and they will go into effect after September 25th. Here’s a quick summary for better understanding.   Inclusionary...

SLO County Market Update / Types of Mortgages The first step for any potential homebuyer, is finding the loan that works best for their specific situation. Understanding your options and finding a mortgage professional to guide you through the process is a critical step in the biggest financial decision many people will ever make; buying a home.   Fixed Rate Mortgage A fixed-rate mortgage is...

SLO County Market Update / Federal Solar Tax Credit... The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar system. In December 2020, Congress passed an extension of the ITC through the end of 2023, unless Congress renews it. There is no maximum amount that can be claimed. The Details: The federal solar...

SLO County Market Update / Construction Supply Chain Issues Since the beginning of the pandemic, global supply chain issues have rocked numerous industries, but none nearly as hard as the construction business. Pricing, lead times and availability of many of the most crucial materials for construction and home renovation projects are increasingly unpredictable. Lumber: The pandemic both slowed...

SLO County Market Update / Remote Work & Real Estate Before Covid, many businesses and industries considered working from home taboo. However, the pandemic has proven that remote work can be productive and efficient, while cutting costs, and helping to attract and retain talent. An untethering of people who previously felt the need to live close to expensive downtowns, has resulted in a massive...

ADUs Banned in Los Osos & Cambria The California Coastal Commission unanimously voted to prohibit secondary dwelling units in Los Osos and Cambria, due to a concern over water supply issues. This decision comes on the heels of several new California laws that are intended to promote the construction of accessory dwelling units, in order to create more affordable housing and combat California’s...

Retrofit Upon Resale... California’s water resources are limited and we all need to do our part to meet the current and future water needs of residential, commercial and agricultural uses. With water conservation in mind, cities throughout the county have developed incentive programs, water audits, cash for grass landscape rebates, strict rules, irrigation schedules, hefty fines and local conservation...