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The end of the year and the start of a new one is a great time to look back and reflect. Even though it’s arbitrary, it’s a helpful marker to consider where our market is, what’s trending, and what might happen in the future. So what is the current state…
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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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What to say & where to begin… here is the latest news in Santa Barbara real estate. You may have noticed that we have not sent out a newsletter in a few months, a brief hiatus, part of that is simply life, but part of that has been this market.…
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What is up with all the media & news about real estate commissions? Is there a change coming? And the big question is, are real estate commissions going to decrease? Lots to cover, but we will keep it brief and our goal is to be unbiased. We have always held…
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“So, how is the real estate market doing? Our sales volume has seen a modest increase in the last two months compared to our historic low 2023. We would like to see more listings and sales, but any improvement in volume is good. One message that has been broadcast by…
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2024 is off and running. Though we don’t experience extreme weather like other parts of the country, we do have some seasonality. It takes a little time for buyers to return after the holidays. We could try to extrapolate trends, but with just 86 sales it is probably good to…
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2023 has come to a close and 2024 is off and running. Every year, we appreciate the opportunity to review the activity and share what transpired. So how was the real estate market in 2023? It was sure a different year. The headline un-doubtable is, a whole lot less sales! How much?…
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Merry Christmas & Happy New Year! We are very grateful for you. The question we get asked most is, “How’s the real estate market?” Well, this has been a unique year. The metaphorical brakes have been applied by the Fed through rising interest rates for some time now. Though the…
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There is so much to talk about in Santa Barbara real estate, where to begin. It is difficult to avoid the elephant in the room. The average 30 year fixed rate mortgage crossed 8% on Wednesday October 18th. Rates vary, but here is the index that we follow (VIEW RATES).…
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Happy Summer! We hope everyone is enjoying this amazing weather, our beaches, and hopefully some extra time with family and friends. So what is going on in our Santa Barbara real estate market, in short our inventory is finally growing, but the market is active with multiple offers still common…
Market Update
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