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Real Estate NewsletterPublished October 6, 2025
August 2022 Real Estate News
{original post 9/2/2022}Hello! Thanks for tuning in to this month’s newsletter. It’s our goal to bring valuable real estate content and local updates to you, so we hope you enjoy! ☺️?? In this e-newsletter, we will highlight our newest team member Rob, recession concerns, 3D printed homes, the latest mortgage rates, summertime home upgrades and our new office. The Schwaegerle Team strives to educate and empower all people on the ins and outs of real estate, so thank you for tuning in and following the team on social media! |
| Welcome to the team! Meet the team’s newest Real Estate Agent, Rob Delgado. Rob is a tenacious entrepreneur who is excited to partner with The Schwaegerle Team to serve others on the Central Coast. With a mixed background in business and finance, Rob is always available to connect about best investment strategies, especially when it comes to real estate purchases. We are excited to watch him thrive. Welcome to the team, Rob!  |
| Recession ahead… or not? The US GDP slowed down for two quarters in a row. It shrank 0.9% in Q2 and 1.6% in Q1. When the economy slows for two consecutive quarters, people often say that we are in a recession. However, a recession must be announced by the National Bureau of Economic Research in order to be official. This nonprofit, non-partisan organization determines whether we are in a recession by looking at facts and figures, much of which must be done retroactively.  One quick thing to note is that the Federal Funds Rate is not directly linked to mortgage interest rates. Mortgage rates are more closely linked to the 10 year treasury. If you want to see what mortgage rates are most likely to do next, take a look at the 10 year treasury. Historically, mortgage rates hover about 1.7 to 2.0% above the 10 year treasury. What does all of this mean for real estate prices? Although there are concerns of a recession, the housing market remains robust. Yes, rising interest rates are causing shifts in purchasing power for home buyers, but buyers can still find good deals in this market. The media might make it sound all doom and gloom in real estate, but if you look at the data you will see that 55% of homes in the US sold above the listing price in June 2022. Unemployment is still at 3.5%, so people are still buying and selling homes. We would classify what we are seeing in the market as price deceleration, not price depreciation. This means while there may be recessionary pressure in other sectors of the economy, real estate prices seem to be holding steady for now.  |
| Will 3D printed homes save the real estate industry? The median sales price of a home in San Luis Obispo County just hit $847,000. The cost of homes has become unbelievably high. We need to embrace new technologies to help streamline house building to make it more affordable. 3D printed homes might be the solution. SQ4D, a 3D home printing company, claims that their homes can be built 3x as fast, with 40% less construction costs, and using a crew of only 3 people. Compare this to a traditional 1500 SF home. A normal crew of 4-8+ people could take 1-4 weeks to lay the foundation and do the framing. A 3D printer can do all of that in 20 hours. Imagine the time saved, the construction costs saved, and the potential savings for the end user if we printed homes en masse! This type of forward thinking is what it takes to disrupt an industry and pave the way for more affordable housing. We are probably 5-10 years away from this becoming adopted more widely, but the benefits seem to outweigh the risks.  What do you think? Will 3D printed homes take off or fall flat? |
| What’s the latest with mortgage rates? Rates will continue to climb, but lower rates are still possible in this market. Here’s how: Ask sellers for a closing cost credit to buy down your interest rate using points!  Rates have diminished purchasing power on average by about $165,000. Home mortgages have risen around 49% due to the increase in rates. While rates will continue to rise, Forbes states there has recently been a dip. If you take a look at the graph below you’ll be able to see the recent average mortgage rates.  With loans being a necessity for most home buyers, it’s so important to have the right lending team on your side to lock in the best rate. Communicating with the right lender is highly important to lock in the best rate for your mortgage loan. We work with wonderful mortgage lenders and brokers, and we’d be happy to connect you with them if you have any questions about loans. Ultimately, it’s most important you work with a rockstar real estate team who will work hard to negotiate on your behalf to get you the right purchase price and closing cost credits needed to create a win-win deal. |
| Enjoy being outside during summertime Living in California during the summer is truly a gift. As we’ve been experiencing more frequent heat waves this year, here are a few ways you can create cooler environments at home. Planting trees is an efficient and eco-friendly way to create shade outside. The best types of trees for a cooler ambiance are the ones that grow straight and produce a wide canopy, such as hybrid poplars, Coastal Live Oaks, Paper Birch, or Red Maple. If trees aren’t something you are able to plant in your space, you can add shade with canopies, archways, and other structures. For a more natural feel, adorning with ivy or other viny plants is always an option. If you are interested in making some outdoor changes but aren’t wanting to make these changes yourself or need design assistance, please reach out to us and we can connect you with the right person for the job. We know several talented landscape designers and architects and would be happy to connect you with them. |
| We Moved! The Schwaegerle Team moved to 3591 Sacramento Dr. Suite #116, San Luis Obispo, CA 93401. If you are ever in the area, we would love to see you. Please feel free to stop by and say hello! Our team is ready to provide a complimentary home buyer or seller consultation for you. Text us today at 805-215-5063 to schedule your free 15 minute consultation!  |
| Let's Be Social Thanks so much for reading our newsletter this month! We want to hear from you! Please let us know how we can support you on your real estate journey. Whether you just purchased a new home, want to explore home buying options, are curious about what your property might be worth, or just want to know more about the market, please reach out! @theschwaegerleteam @savannahsiador_ @marianovahomes You can also follow us on YouTube and Facebook for more updates throughout the month. |
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