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Realtors explain SLO County’s 2022 housing market struggle

Post Author By Evo Plus
Post Date 29/01/2023

At the start of 2022, many San Luis Obispo County Realtors were feeling optimistic about the coming year’s housing market.

The year, Realtor Karen Fissori said, was supposed to be a “prosperous” one for the San Luis Obispo County housing market — but instead it turned out to be “a roller coaster.”

It started with five years of record-low interest rates, along with “the strongest yearly growth in single-family (home) values and rentals, a generational low in foreclosure rates and the highest number of home sales in 15 years.”

“But, rising inflation and mortgage rates in 2022 changed its outlook

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What is a recession? The economic concepts explained. What causes and happens during one.

Post Author By Evo Plus
Post Date 27/01/2023

Inflation has slowed down and gross domestic product has revived, but most economists still expect a mild recession this year.

In December, consumer prices rose 6.5% from a year earlier but that was down from a 40-year high of 9.1% in June. Core prices, which exclude volatile food and energy items, rose 5.7% annually, according to the Labor Department’s consumer price index.

Meanwhile, GDP, or the value of all goods and services produced in the US, increased by 2.6% in the quarter that ended Sept. 30, after dropping at an annual rate of 1.6% in the first three months of

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