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Wines of Paso Robles

by Paso Robles - Authentic California

 

Over 40 wine grape varietals and blends are produced in Paso Robles, California - from Spanish to Italian to Bordeaux and Rhône, including the area's heritage variety Zinfandel.

This vast area boasts six different wine regions, each with their own distinct microclimate and terroir including the Back Roads Wineries, Far Out Wineries,
Pleasant Valley Wine Trail, Downtown Wineries, 46 East Wineries and 46 West Wineries.

Wine lovers can visit a large variety of tasting rooms, many of which offer picnic areas and specialty winemaker dinners. There are numerous wine events throughout the year, including the Zinfandel Festival, Earth Day Food and Wine Festival, Paso Robles Wine Festival, Sunset's SAVOR The Central Coast and Harvest Wine Weekend.

The Top Five Moving Mistakes You Can Make

by Realty Times

Do you know what the Tuesday after Memorial Day is? It is the busiest day of the year for people to move items into self-storage and one of the most popular days of the year to move, earning it the name "National Moving Day."

Whether moving across town or across the country, packing up and moving can be stressful, costly and full of surprises. From shady movers and inaccurate price quotes, to overpacking or not allowing enough time to get the move set up, every step of a move has the potential for mistakes that can make a move a nightmare.

These tips will help anyone preparing for a move, whether they currently live in a house, an apartment, a dorm, with friends or with mom and dad.

1. Hiring a shady mover.

We've all heard horror stories about moving scams, and perhaps maybe you've been the victim of a moving scam yourself. You can steer clear of a less-than-upstanding mover by doing your homework. The Better Business Bureau, Angie's List, your state transportation regulator and the U.S. Department of Transportation -- and even your relatives, friends, neighbors and colleagues -- are all good sources of information about whether a moving company is on the up-and-up. Doing some homework online can save you a lot of heartache on moving day.

If you've done your research and still aren't confident in the movers you've come across, you always can go the DIY route -- just be sure you're up for the task.

2. Messing up the quotes.

If you hire a mover, you should be able to have someone from that company come to your place for an in-home moving estimate. If a moving company won't do an in-home estimate, you should think about shopping around for another mover.

Along those lines, don't rely on just one quote from one mover. Contact several movers for quotes. If you really like one mover over another but your favorite company is a little pricey, try negotiating for a lower price. Always make sure to get a moving estimate in writing.

3. Packing too much stuff.

Do you really need those old boxes of baby clothes that you haven't laid eyes on since your 6-year-old was in diapers? Before you move, you need to "edit" your belongings. Think about whether you can trash some of your possessions, donate them to charity, or give them away to friends and relatives. Perhaps you could hold a garage sale to clear out some of the clutter. If you haven't seen, worn or used something in a year, it's best to think hard about whether you need to keep it -- and whether you need to haul it to your new place.

4. Failing to schedule your move well in advance.

During the summer months, good moving companies are booked up quickly. Rather than waiting till the last minute, make sure your move is scheduled weeks -- or, better yet, months -- in advance. You don't want to be scrambling to find a mover the day before you're supposed to head out. Moving already is stressful enough without adding that frustration.

5. Ignoring the need to pack ahead of time.

You'll find very few people who'll say that packing is fun. In fact, a 2013 survey commissioned by SpareFoot found that people who'd moved in the past year identified packing and unpacking as the biggest hassle in the process.

You can lessen the load by beginning to pack well before moving day comes along. Start by boxing up stuff that you won't need right away -- for instance, if you're moving in the summer, pack up your winter clothes so that they're out of the way. Also, be sure to carve out time in your schedule to check items off your packing to-do list.

If you get down to the wire and need help with packing, enlist friends, neighbors, relatives or colleagues to lend a hand. Make sure you've got plenty of food and beverages as a "thank you" for your volunteer helpers. If you can't rustle up any free help, consider hiring laborers to do the packing for you; that may be a small price to pay to alleviate moving-related stress.

 

Written by SpareFoot.com on Friday, 23 May 2014 9:59 am

Is Now The Right Time For You To Move Up?

by CAR

According to the California Association of Realtors, the number one reason for people selling their homes in 2013 was because they felt that "the time and price are right for moving up!"


Million-Dollar Home Sales Thrive While Low End Stumbles

by Prashant Gopal - Bloomberg

Luxury-home sales are climbing as an improving economy and stocks that have almost tripled from 2009 lows bolster confidence among affluent buyers. At the same time, slow wagePhotographer: Emile Wamsteker/Bloomberg

Million-dollar homes in the U.S. are selling at double their historical average while middle-class property demand stumbles, showing that the housing recovery is mirroring America’s wealth divide.

Purchases costing $1 million or more rose 7.8 percent in March from a year earlier, according to data released last week by the National Association of Realtors. Transactions for $250,000 or less, which represent almost two-thirds of the market, plunged 12 percent in the period as house hunters found few available homes in that price range.

Luxury-home sales are climbing as an improving economy and stocks that have almost tripled from 2009 lows bolster confidence among affluent buyers. At the same time, slow wage growth, tight credit standards and escalating prices are putting homeownership out of reach for many Americans. While investors drain the market of lower-end properties, builders are constructing more expensive houses that generate bigger profits.

“The real estate market is the ultimate reflection of confidence, wealth and income,” said Sam Khater, deputy chief economist at Irvine, California-based CoreLogic Inc. “The same factors driving the income stagnation in the middle are driving the income momentum at the top.”

Photographer: Daniel Acker/Bloomberg

Luxury-home sales are climbing as an improving economy and stocks that have almost... Read More

Million-dollar-plus homes made up 2 percent of deals in February, about the same proportion as in 2008, before credit markets collapsed and drove down the share to the historical average of about 1 percent, according to Khater.

Greenwich Record

An analysis by DataQuick of 25 of the top U.S. metropolitan areas for multimillion-dollar sales showed purchases for $2 million or more jumped 33 percent in January and February from a year earlier. The 2,129 transactions were the most for the two-month period in the research firm’s data going back to 1988.

A U.S. price record for a single-family home was set last month with the $120 million sale of a waterfront mansion on 50 acres (20 hectares) in Greenwich, Connecticut, according to Christie’s International Real Estate. The New York-based brokerage marketed the property, known as Copper Beech Farm, to international buyers.

While demand from the super-rich began to rebound in 2012, with investors from countries such as China and Russia scooping up the most expensive U.S. homes, the lower end of the luxury market has surged in the past year, according to Bonnie Stone Sellers, chief executive officer of Christie’s International. Purchases have picked up as the economy improved and banks increased lending to higher-income borrowers, she said.

Photographer: Christina Mendenhall/Bloomberg

Luxury-home sales are climbing as an improving economy and stocks that have almost... Read More

Loan Demand

Loan applications rose in February for home purchases of $500,000 or more while declining for all other levels, according to the Mortgage Bankers Association. In April, the average loan size for purchases climbed to $280,000, the highest in figures dating to 1990, the trade group said.

“The luxury markets are on fire,” Sellers said in a telephone interview. “The trends in luxury housing are similar to trends in other luxury goods. Whether you’re buying a third home in Manhattan as a pied-a-terre or another Picasso, these are acquisitions of passion, of lifestyle and of experience.”

Purchases of getaway homes are also climbing. Vacation properties made up 13 percent of transactions in 2013, the largest share in seven years, the National Association of Realtors said last month.

In New York’s Hamptons, the summer playground for financiers and celebrities, home sales in the first quarter jumped 52 percent from a year earlier, according to a report by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The median price rose 19 percent to $880,000, fueled in part by higher Wall Street bonuses.

Butler Service

Gary Wasserman, CEO of Troy, Michigan-based Allied Metals Corp., is considering selling two homes in Florida -- one in Naples and another in Miami Beach -- to take advantage of rising prices in the area. He’s also buying a 5,000-square-foot (465-square-meter) condominium in a project under construction in Miami’s Coconut Grove section.

Wasserman declined to say how much he’s paying for the apartment in Grove at Grand Bay. Prices for similar units range from $4.4 million to $7.2 million, according to Philip Freedman, sales manager for the dual-tower development. Plans call for 12-foot (3.7-meter) ceilings, rooftop pools, an onsite chef and butler service.

“The stock market is very strong and this is a way to monetize and concretize some gains,” said Wasserman, 64. “We had quite a shock to our collective confidence in 2008 and 2009. The resurgence of the economy has underscored for us that this country remains a very strong place and that the future remains strong.”

Economic Growth

The U.S. economy expanded 1.9 percent in 2013 and 2.8 percent the prior year. Employers boosted payrolls in April by the most in two years and the unemployment rate fell to 6.3 percent from 6.7 percent, Labor Department figures showed today.

While the Commerce Department reported this week that gross domestic product grew at only a 0.1 percent annualized rate in the first three months of 2014, gains in retail sales, employment and manufacturing at the end of the quarter indicate the setback will be temporary.

The Standard & Poor’s 500 Index jumped 30 percent last year, the most since 1997. Since its 2009 low, the benchmark gauge has increased almost 180 percent to a record high.

While the real estate crash hit homeowners of all income levels, the affluent have more of their money in other investments, according to Richard Fry, senior economist at the Pew Research Center in Washington.

Unequal Pie

The average wealth for households with a net worth of $500,000 or more jumped 21 percent from 2009 to 2011, the first two years of the economic recovery, Fry said. It declined 5 percent for everybody else. The top 13 percent of households own all corporate and municipal bonds, 92 percent of the value of directly-held stocks and 69 percent of the wealth in 401(k) funds, according to Fry’s analysis of Census Bureau data.

“We see a rising wealth pie but the gains were unequal,” he said. “This makes sense because for the typical American household, most of their wealth is in their homes.”

Lenders courting business from affluent borrowers are charging less for bigger loans. The rate at Wells Fargo & Co. (WFC) for jumbo mortgages of at least $729,000 -- those too big for backing by government programs -- was 4.13 percent yesterday, compared with 4.38 percent for a conventional 30-year fixed loan.

The Federal Housing Administration, the biggest source of financing for first-time buyers, has raised the cost of borrowing and tightened underwriting to cope with losses on mortgages it insured before the crash. The number of FHA borrowers purchasing their first homes declined 38 percent last year from the 2010 peak.

Miami Condos

In downtown Miami, many young professionals aren’t able to purchase in condo towers near their jobs because lenders require higher down payments in buildings where more than half of the units aren’t owner-occupied, said Bo Mastykaz, an agent at Redfin. Investors bought many of the condos that were built in the development boom of the last decade and are now renting them out to young people.

Even shoppers who look in the area’s suburbs mostly miss out on the best deals. Homeowners prefer to sell to cash buyers who then paint and upgrade carpets and resell at a significant markup, Mastykaz said.

“First-time homebuyers are paying retail price, investors are getting wholesale pricing,” he said. “The market has shrunk and the inventory that is left over are the ones where the price increased so far so fast that it’s less appealing.”

Investor Buying

In states where prices have risen the most in the past two years -- including Florida, California, Nevada, Arizona and Georgia -- institutional investors have helped worsen the inventory crunch by buying thousands of single-family homes and converting them into rentals.

U.S. homebuilders haven’t done much to ease the supply problem for lower-income families because they’re increasingly catering to buyers who can afford larger, more expensive properties and have an easier time getting mortgages.

KB Home (KBH), which traditionally targeted entry-level buyers, now builds about half of its houses for the move-up market.

“With the mortgage headwinds and the lack of job growth and everything else that we dealt with through this housing cycle and now into the recovery, the typical first-time buyer got kneecapped,” Jeff Mezger, CEO of the Los Angeles-based company, said on a conference call in March. “So there is no demand there, and we found a way to go flex up and change product and move as quickly as we could to where the demand was.”

Horton Homes

D.R. Horton Inc. (DHI), which started its high-end Emerald Homes line last year, said houses priced at more than $500,000 accounted for 16 percent of revenue in the first quarter, up from 9 percent a year earlier.

The company also sees opportunity in the shortage of lower-cost properties. Last month the Fort Worth, Texas-based builder said it started a new brand, Express Homes, aimed at first-time buyers who are now shut out of the market. Prices start at $120,000.

“The next leg of this recovery will be driven by the true entry-level buyer, and we are prepared to capture that demand,” CEO Donald Tomnitz said on D.R. Horton’s April 24 earnings call. “There’s no question that with the price increases that we’ve experienced in our industry over the last couple, three years, with all the pricing power we’ve had, we’ve really depleted that pool of affordable buyers.”

Lower Affordability

U.S. home prices climbed 12.9 percent in the year through February, according to the S&P/Case-Shiller index of 20 cities. The average rate for a 30-year fixed mortgage is up almost a full percentage point from a near-record low last May, data from Freddie Mac show.

From 2009 to 2013, wages rose only for the top U.S. earners and fell for the bottom 90 percent, according to an analysis of Bureau of Labor Statistics data by the Economic Policy Institute, a Washington-based think tank.

“The American Dream is dead for everybody but the happy few who have enjoyed the tailwinds of the appreciating stock market,” said Robbert van Batenburg, director of market strategy at New York-based Newedge, a multi-asset broker-dealer that published a note to clients last month on the unequal housing recovery. “On the low end, home sales are still making fresh lows every single month.”

 

 

To contact the reporter on this story: Prashant Gopal in Boston at pgopal2@bloomberg.net

To contact the editors responsible for this story: Kara Wetzel at kwetzel@bloomberg.net Christine Maurus

Homes Are Selling Fast!

by CAR

"2013 marks the shortest time homes have sat on the market since 2005!" - CAR


Displaying blog entries 1-5 of 5

Contact Information

Real Team 360
RE/MAX Parkside Real Estate - BRE #01421338
1213 Vine Street
Paso Robles CA 93446
Office: (805) 238-1555