Urban Land Institute Predicts Positive Economic Changes for New Year A new presidential term always brings change, especially when it comes to the economy. But despite the doom and gloom of the media, the overall economic outlook for the country and real estate market seems relatively positive, according to a recent Urban Land Institute… more
Mortgage Trends
Buying VS. Renting in California
The advantages of buying a home instead of renting in various parts of California.
Santa Barbara Market Overview
The Consumer Confidence index, as reported by the US Government, was up 4.3% to 113.7, the most optimistic in years. Existing home sales rose .07% nationally to 5.61 million units sold through December 21. Santa Barbara sales however were down 2% in 2016 from the year before primarily because there has been a chronic shortage… more
6 Predictions For Housing Market in 2017
1. “Cities will focus on denser development of smaller homes close to public transit and urban centers.” Last week economist John Burns also pointed to development happening in certain parts of California reflecting the “surban” movement (when urban and suburb collide), in which revitalized suburban downtowns are starting to authorize new housing. 2. “More millennials… more
The Homebuying Cost You Shouldn't Overlook
When people are looking to buy a home, they may be thinking about how much they’ll need to save for a down payment or what monthly mortgage payment they can afford. But there’s another expense prospective homeowners should consider before taking out a mortgage: closing costs. What Are Closing Costs? When you take out a… more