Here are the numbers wrapping up the year for 2020!
Statistics for 2015 and what the market looks like for 2016
The mortgage industry can breath a sigh of relief with the final fiscal cliff deal bringing back a popular tax break on mortgage insurance premiums and debt forgiveness for borrowers who go through a short-sale or some other type of debt reduction.
Good News! The Santa Barbara Real Estate Market has been very robust in 2012. The number of sales have been up every month this year and are higher than sales for the last five years. This has caused our inventory of property listings to...
The new "Medicare Tax" will apply to real estate transactions starting in 2013. This 3.8% surtax was passed in 2010 to help fund the new health care mandates and kicks in next year on many forms of investment income including...
Dozens of images come up when our mind sweetly wanders to the historic mission town of Santa Barbara: palm tress and pleasantries, organic eats, Oprah’s mega-mase, suntans and sand beneath our toes, majestic mountain peaks… the list goes on and on. Our city plays host to upscale urbanites, mavens of mellow, and even on-the-fly overnighters. It’s really the ultimate territory to explore for any kind of escape artist. With summer just around the corner, now is the perfect time to discover...
Local real estate market appears to reflect positive conditions. Sales are up strongly and inventory is down. Months of inventory for Santa Barbra’s South Coast, from Carpinteria to Goleta is at 2.6 months; 2.8 months for houses and Planned United Development (PUDs) and 2.3 Months for condos. Currently, buyers are signing offers, writing deposit checks negotiating great prices, and entering escrow at increasing rates. Essentially, these positive indicators along with current house and condo prices, has contributed to...
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is...
With today's real estate market dramatically changing daily, it is still always better to be a homeowner. Here are 5 brief reasons why it is so great to own your own home.
“Steady resilience” seems to be what the first half of 2011 experienced in the real estate market. The median sales price was $839,950. This compares to $857,500 for 2010 and $850 for 2009 for the same period. This three- year trend in the median price, (down approximately 32% from the high of $1,250,800 in 2007), suggest a steady “foundation” has been established in our local real estate market. “Flat” is good for now, as we have to...
Live on Cloud 9! This Spanish Hacienda has unobstructed 360 degree views extending from the SB Airport to Pt Mugu. The focal point of the home is the South facing Living/Dining room with walls of glass 18 ft vaulted, tongue groove cedar ceiling. The mountain top retreat is perfect for those looking for a sense of serenity seclusion or a weekend pied-a-terre.