California’s Changing Real Estate Landscape Sellers push up list prices & Buyers compete with multiple offers – The National Association of Realtors said existing homes sales in June rose to an eight year high. Overall sales on the south coast of Santa Barbara rose 16% year over year. Leaving the median price essentially unchanged at $1,125,000,… more
Mortgage Trends
Mesa Home Prices Rising
As we head toward July, here’s an update for Mesa Real Estate activity – MESA HOME PRICES RISING – Did you know that median home values for Mesa neighborhoods rose 15% from this same time last year? Month-over-month the median sales price for the broad Santa Barbara area rose from $950,000 in 2014 to $977,700… more
Santa Barbara Real Estate Market Analysis May 2015
Santa Barbara Real Estate Market Analysis May 2015 The real estate market for Single Family Residences (SFR) on the South Coast of Santa Barbara maintained its strength in May with increases seen in both price and volume. Inventory continues to lag however with only 145 new listings in May for a total of 286 single… more
Top 6 Credit Myths Busted
A healthy credit score is imperative to securing low interest rates for mortgage loans… but there are so many myths surrounding credit that it can be difficult to know what is true and what is not. Thankfully, the graphic above has done all the myth-busting and debunking for you. If you don’t know your credit… more
Mortgage Update: New Low, Further Decline in Delinquencies
The 30-year fixed-rate mortgage averaged 4.21 percent this week, the lowest since November 2013, Freddie Mac reported in its weekly mortgage market survey. “Mortgage rates continued moving down following the decline in 10-year Treasury yields after a dismal report on real GDP growth in the first quarter,” says Frank Nothaft, Freddie Mac’s chief economist. Freddie… more