Good Fiscal Policy Makes Sense


By Kay Wilson-Bolton

President, Ventura County Coastal Assn of REALTORS®

Thank goodness for a Federal Reserve that oversees our monetary policies without having to clear their path with the president and his advisors.

The interest rate adjustments are having the desired effects and we should all be glad.  The fever is subsiding to a healthy temperature.

We note that sales are still brisk and prices are still strong.  There are fewer multiple offers and new asking prices are not quite as high over the last price as they were.

The cooling means there are fewer buyers willing or able to handle the higher interest rates. Now that the affordability factor in Ventura County has gone from 29 percent of the population to 31, we could take a little heart but our entry-level buyers who relish the fixer-upper and the condo are finding fewer opportunities for home ownership. Rising interest rates hurt them the most.

The Federal Housing Administration just announced that there are no more funds for the purchases of condos using FHA low down payment programs.

This factor alone will change the resale market for condos in a big way. There are a few major lenders who are able to use funds for these purchase programs but the smaller brokerages had bad news to tell to REALTORS® and their buyers.

As election time draws nearer, REALTORS® will be watching for the bullet points of campaigning and how high housing affordability in this county ranks as an issue.

The disparity of housing costs within our ten cities is alarming. The Local Government Relations Committee of the Ventura County Coastal Association of REALTORS®, chaired by Nancy Stepp, will be studying candidates and issues that impact our jobs to help County residents participate in home ownership.

This committee will be hosting and co-sponsoring a number of campaign debates and interviewing the candidates to see where we can place our support.

The REALTOR® Associations around the State and the Nation play a major role in keeping housing issues at the forefront.

Our Association is unique in that we involve ourselves in the widest range of issues that affect our everyday life such credit scoring, tenant-landlord rights, eminent domain, conflicts of interest for elected officials, taxing issues, school bond balloting, septic tank requirements and appropriateness of fees.  The list is long and everything we do relates to the preservation of property rights.


Kay Wilson-Bolton is president of the Ventura County Coastal Association of REALTORS®.  For more information, contact Kay Runnion, Interim CEO, Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is




About Kay Wilson-Boltonhttp://www.kaywilsonbolton.netWith a full-time career in real estate, I can add to your bank of knowledge, not only in real estate but in many areas of life that deal with people and relationships and choices. My real estate career has taught me many lessons about planning ahead and looking forward. I believe in helping along the way so that they can be the best they can be in any situation. I serve as a Fire Department Chaplain and Coordinator for the Many Meals Project which serves homeless and hungry families in my community. The event is far more than many meals. As a result of my work with the homeless population in my community, I received the Good Neighbor Award 2017 from the National Association of Realtors and named as a Champion of Homes in 2015 by the California Association of Realtors. I make pastoral visits to the inmates in the County Jail System and offer them what God says about "all things being new" and His remarkable plan for our lives. I have served my community as Mayor and in many volunteer capacities. I serve others by serving God first. My husband is involved in prison ministry and is a graphic artist. We live a simple life in Santa Paula with an office cat named Scout, three rescued poodles and a cat named Tony Diane at home.

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