Published October 6, 2025

September 2022 Real Estate News

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Written by Owen & Camille Schwaegerle

September 2022 Real Estate News header image.

{original post 9/22/2022}


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 it! ☺️??

In this e-newsletter, we will highlight baby Walker Schwaegerle, current market trends, mortgage lender tips from Jeff Meyers, getting your home Fall ready, and our 3rd Annual Client Appreciation Party. 

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 world, Walker! 

We are thrilled to announce that baby Walker Schwaegerle was born this summer. It’s been the biggest joy and blessing to have him in our lives. Thank you to each and every one of you for your love, support, and prayers. We are so excited for you to meet Walker soon!
 
Current Trends in the Market: Crash or Correction?


There’s been lots of talk in the news about the real estate market slowing down. Does this mean prices are falling and the market is crashing? Or are things simply correcting?
Data does seem to be indicating a slow down. One of the primary factors for this is affordability. With prices being at all time highs and rates having nearly doubled over the past 9 months, buyers are getting fed up. However, prices are far from crashing. Real estate values are still at all time highs due to the massive demand from millennials entering their prime home buying years. Household formation has taken off for this demographic and the inventory remains extremely low. Let’s take a look at the numbers to read the true story, not inundate ourselves with catchy headlines.
We are still in a seller’s market. A seller’s market takes place when we have a 6 month or greater supply of homes for sale. Currently, we only have 2.3 months supply of homes on the market, so we are still in a very strong seller’s market. 
Active Listings are up ~7% from last year to a total of 620 units on the market. If you take a look at the trend line, you will see that inventory was rising but has since petered out and slowed back down. Because of this, we still have an extreme shortage of homes available. Buyer demand, measured by units gone Pending, is cooling down with only 230 units going Pending in August 2022, a decrease of approximately 37% from last year.
 


In summary, the market is changing, but this does not mean the market is crashing. This change provides new opportunities for buyers and sellers. The market is actually stabilizing in a healthy way, one where greed and fear are being checked by reality.
Lender Spotlight: Jeff Meyers

Meet Jeffrey Meyers, a local mortgage lender with Cross Country Mortgage. Jeff shares with us more details about what it takes to buy a home in this market. Watch until the end to hear Jeff’s hot tip on how buyers can save money in this market despite the rise in interest rates. If you want to learn more about monthly affordability loan requirements, we can get you connected!

https://www.youtube.com/watch?v=3Ai7KXOfZ0s&feature=youtu.be

Get your home FALL ready
You're Invited! 3rd Annual Client Appreciation Party


You’re invited! We’d love for you to join us at our 3rd Annual Client Appreciation Party on Friday, October 14 from 5:30 PM - 7:00 PM. This party is to honor each of you who have believed in us, supported us, or trusted us with your business over the years. This year’s party will be at our new office located at 3591 Sacramento Drive Suite 116 in SLO. We will have charcuterie boards, SeaBreeze cupcakes, games, amazing raffle prizes, and so much more! Please RSVP to schwaegerleteam@gmail.com by September 30. Can’t wait to see you there!
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
@closeinslo

You can also follow us on YouTube and Facebook for more updates throughout the month.

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