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MAY 2016 Over the last 30 days, I have had the opportunity to analyze a lot of data and read, sometimes it can make your head spin. In addition, I had the opportunity to attend the UCSB Economic Forum and digest our April 2016 latest statistics. I want to know…
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The first quarter of 2016 seems to be quickly behind us. On a national scale, I read an article that has me thinking. Here is a snippet: “As mortgage originations taper off and the refinancing wave slows, banks are betting that offering home-equity lines of credit, will appeal to many…
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Exciting News! After a lot of consideration, I just made the decision to join the Compass team and support the launch of its first office here in Montecito / Santa Barbara. Compass is a real estate brokerage that is building a smarter, simpler, more sophisticated real estate experience. They are combining exceptional agents…
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2015 in Review I love putting together a yearly wrap up, seeing what happened in our market this last year. First hand, this is my sixth year working in the market and experiencing some great changes. To sum up 2015, I would call it healthy, steady and balanced. In general prices remained…
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Merry Christmas! As the year wraps up, I wanted to thank everyone for the friendships, support and business. I am very grateful to do what I do, it is truly an honor to help. As we finish out the year, we approach it in the normal fashion. The volume in the market has…
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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…
Market Update
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