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Real Estate NewsletterPublished October 6, 2025
March 2023 Real Estate News
{original post 3/24/2023}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 it! ☺️🏡💛 In this e-newsletter, we will dig deep into the concept of a forever home, share about the continuing market shift, and highlight local moving companies. 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! |
| The Forever Home “I’m on my 5th forever home,” a local homeowner recently told us. The idyllic concept of a forever home is not in the realm of possibility for most California homebuyers today. With home prices continuing to rise and the overall cost of living increasing, buyers are looking for creative solutions to build wealth through real estate, not necessarily buying the home they will live in for the rest of their lives. It’s so important to get your foot in the door and start building wealth through equity and appreciation. As we’ve seen recently with bank collapses and tumultuous times in the stock market, it’s important now more than ever to have a stable investment. Real estate will always serve as a hedge against inflation, and that’s why we strongly believe every person needs to buy as soon as they are able to. A home purchase will serve you well, especially when there is uncertainty in the economy. However, we may need to shift our criteria into purchasing a starter home or a home that needs a little TLC rather than overleveraging to purchase the dreamy “forever home” that most likely won’t be the home you live in for more than 7-10 years. Let’s look for the worst house in the best neighborhood so we can add value to it over time. We may need to reprioritize our criteria and sacrifice some wants to do so. After building equity for a few years, we will be financially set up to make an upsize move. We can still achieve the quintessential lifestyle through our first home purchase in the same way we would with a forever home, it will just take a bit of creativity and strategizing to get there. We’re here to help you love where you live while also experiencing financial freedom through real estate. Let’s create a long-term game plan to achieve your real estate dreams. |
| Market Shifts Continue “Home sales are bottoming out,” says Lawrence Yun, the National Association of Realtors (NAR) Chief Economist. “Prices vary depending on a market’s affordability, with lower-priced regions witnessing modest growth and more expensive regions experiencing declines.” Housing inventory remains low but has allowed buyers to have more price negotiating power with homes sitting on the market longer than 60 days. With spring approaching, economists are hopeful for a turnaround in sales activity for the housing market. Here’s a closer look at other key indicators from NAR’s latest housing report:Days on the market: 54% of homes sold in January were on the market for less than a month. On average, properties remained on the market for 33 days in January, up from 26 days in December and 19 days a year earlier.First-time home buyers: As competition lessens, first-time home buyers are re-emerging. First-time buyers accounted for 31% of sales in January, up from 27% a year earlier.All-cash sales: All-cash transactions comprised 29% of sales in January, up from 27% in January 2022. Individual investors and second-home buyers tend to make up the biggest bulk of all-cash sales. They purchased 16% of homes in January, down from 22% a year earlier. Distressed sales: Foreclosures and short sales continue to make up a very small share of sales. Distressed sales accounted for 1% of sales in January, matching levels from a year earlier. |
| Meet our local Moving Companies! Moving doesn’t have to be stressful. With the right crew, it can be a smooth and possibly even fun experience. As your real estate team, we are here to provide valuable resources to help make your move easy, and we recommend connecting Central Coast Moving and Meathead Movers to learn about their special rates to assist with your upcoming move.   |
| Upcoming Events with The Schwaegerle Team Upsize, Downsize, Buy, and Sell Workshop Curious to learn more about upsizing or downsizing soon? Come join us for a FREE interactive workshop to create your personalized moving strategy! Date: Tuesday, April 4, 2023 Time: 5:30 PM Location: 3591 Sacramento Dr. Ste. 116, San Luis Obispo, CA 93401 RSVP to reserve your seat! Homeowner Workshop Are you a homeowner looking for ways to add value to your property? Come join us for a FREE interactive workshop to identify worthwhile upgrades you can make to your home. We will also share tips on how to keep your home for many years to come, even if you decide to move in the future! Date: Wednesday, April 12, 2023 Time: 5:30 PM Location: 3591 Sacramento Dr. Ste. 116, San Luis Obispo, CA 93401 RSVP to reserve your seat! |
| Local Activities – The Charles Paddock Zoo Flamingos, tigers, and red pandas, oh my! The Atascadero Zoo is a wonderful place to spend a few hours with friends and family. We were there a few weeks ago with good friends and loved learning about the history of our local zoo and seeing all the beautiful animals. Located next to the park, the lake, and restaurants, this is the perfect weekend destination!   |
| 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_ @closeinslo @your.realtor.slo You can also follow us on YouTube and Facebook for more updates throughout the month. |
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