November 2011

Found 2 blog entries for November 2011.

With Santa Barbara’s current city population hovering around 88,000 (an approximate 4% decline from 10 years ago) it’s hard not to notice even the smallest changes that happen to the profile of “America’s Riviera”. Two of the city’s most prominent thoroughfares, State Street and Cabrillo Boulevard, are seeing big changes now or in the near future.

There’s the planned “La Entrada” Project on 2.37 acres of lower State Street which includes rebuilding of the Californian Hotel, new restaurants, shops, open plazas, paseos and gardens, parking, a spa, and 9 vacation timeshares.

Many new retailers, restaurants and businesses are changing the makeup of State Street’s commercial corridor. REI, S.B. Rock Gym, Savvy, Paper Source, El Cielito Restaurant, Maggie’s

1,000 Views, 0 Comments

Last month Congress failed to extend the Fannie Mae, Freddie Mac, and FHA conforming loan limits and allowed them to expire Sept. 30. Since then, the Senate passed an amendment to an appropriation bill that would restore the $729,750 loan limits through December 2013. The Senate and House are now working out the differences between the Senate bill and the House bill, which the House passed earlier this year, but it did not reinstate the higher loan limits. If the House and Senate agree on a final bill, we will have a two-year extension to the conforming loan limits. C.A.R. is also working with the California Congressional Delegation to ensure this provision is included in the final bill.

With Santa Barbara’s current median house price at $780,000 (down

909 Views, 0 Comments