Rising Rent Prices Are Creating 1st Time Home Buyers By Scott Westlotorn Armed with more confidence in the economy, first time buyers are jumping into the housing market. Many are compensating for soaring entry level home prices with a Federal Housing Administration loan that became cheaper after insurance premiums were cut in January 2015 to… more
Mortgage Trends
Santa Barbara Real Estate Market Update: Is Real Estate Ready for the Expected Rate Hike & Will it Affect the SB Market
Image via Flickr by Pictures of Money There’s been a lot of debate about the Federal Reserve raising interest rates in December. The Fed is on record saying they will with Fed Chair Janet Yellen repeating that sentiment again on December 2 said she’s “looking forward” to the first interest rate hike in nearly 10… more
Santa Barbara Real Estate Market Data for October 2015
Click links below for updates on Santa Barbara, Montecito, Hope Ranch, Goleta, Summerland, and Carpinteria for October 2015: Sales by Area Price Report South County Market Trends South County Cash Transaction Trends Source: Fidelity National Title Santa Barbara
Santa Barbara Real Estate Market Data for September
Yesterday we wrote about how Santa Barbara’s secondary & tertiary real estate markets are attracting buyers from primary markets, underlining the continued appeal of Santa Barbara real estate. Today, we bring to you September’s price report, sales by area , cash trends, and more for Santa Barbara County’s real estate market. Click on the links below for data related… more
Santa Barbara Real Estate Market Update August 2015
Sales Activity down in August with tight inventory, but 6.2 % above last year The National Association of Realtors reported three straight months of gains for existing home sales May through July, then tapering off in August with a slowdown in price growth. Although there was a positive turnaround in sales to first time buyers,… more