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Without a doubt the big news in the real estate market this month is… The long-awaited, predicted, and anticipated drop in the Fed Fund Rate, yahoo! While many anticipated an initial cut of 0.25%, it came as a surprise to many when the Fed decided on a 0.50% reduction. Although the…
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MARKET UPDATE Resilience is the story of the 2018 Santa Barbara area real estate market. With the tragic events to start the year our market outperformed most expectations. Total sales were almost even with 2017, which is a remarkable feat. Beyond the natural disasters, a number of other factors affected affordability. Rising…
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MARKET UPDATE This is always one of our favorite times of year. Things seem to slow down a little, and we get a little extra time with family and friends. We want to tell you how thankful we are for you, your friendship, your business and your continued trust in us. We couldn’t…
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MARKET UPDATE Overall the trends from last month continue (read last months report). As we anticipated, sales slowed in September but only a little. The market is down 7.5% or 12 fewer sales in September 2018 compared to 2017. What continues to surprise us is how active the market continues…
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Over the last couple months, I have had the opportunity to work on a number of more complex real estate transactions. As clients look for their first home, move up as the family grows or deal with involved financial pictures, some have been a complicated puzzle. The challenge is really enjoyable, especially when we solve it…
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This month news is not terribly exciting, but will affect most financed real estate transactions starting on Oct. 3, 2015. The Consumer Finance Protection Bureau has enacted TRID, with the purpose of protecting buyers who finance their properties. The new regulations mandates certain disclosures to the borrower and gives them adequate time to understand the terms as to not…
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Summer is wrapping up and surprisingly, through all the vacations, we are still seeing a lot of activity in the real estate market. In fact, the total number of homes & condos sold 2015 just surpassed 2013 total. With pending sales also up in July, we could end the year…
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The market is maintaining the same upward trajectory as last month. The total number of homes sold continues to out pace 2014 by 20.8%. Notable is that total number of homes & condos sold is nearly the same as 2013. This is significant as the median price for homes and condos has increased by 28% &…
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The market has momentum, almost half way through the year and we continue to see sales increase and upward pressure on price in almost all price points. Condos have experienced a huge 41.9% increase in sales year to date and single family homes have increased by 12.7%. The condo market is led by a couple…
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ACTIVE, this market has a lot of activity right now. I am experiencing and hearing about many multiple offer situations. Across the board in all price points, people are buying homes right now. I believe we are seeing an uptick in activity for two reasons. First, I hear a lot…
Tag: Santa Barbara Real Estate
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