July 2012

Found 3 blog entries for July 2012.

With all of the dismal news about the economy and upcoming election there’s been something in the spotlight in addition to the Olympics. It’s the housing market. Home prices are beginning to rise according to the S&P/Case-Shiller Home Price Indices. According to a recent article in the LA times “shrinking inventory” is having a profound effect on market dynamics in many areas. “The stock of homes listed for purchase has fallen significantly from last summer, in turn raising prices and homeowners' equity stakes and reducing total sales.”  “Bidding wars are spinning off the charts.” To read the full article click here. 

High demand areas like Silicon Valley, for its jobs, and Santa Barbara, for its luxurious environment, are seeing market dynamics move

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Interest rates took another downward turn last week, making home affordability the best it’s ever been for buyers in Santa Barbara and across the nation. Rates have continued to find all-time record lows amid easing bond yields following June’s lackluster employment report. Both the average 30-year and 15-year fixed-rate mortgage hit new lows. At the week’s end Freddie Mac released the results of its Primary Mortgage Market Survey showing that 30-year fixed-rate mortgages averaged 3.56 percent and 15-year fixed-rate mortgages averaged 2.86 percent with an average 0.7 point fee.

Have you been waiting for the right time to purchase a home? With regard to affordability there has never been a better time than now. I appreciate your inquiries and look

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In a city known for its Spanish Mediterranean architecture and red tile roofs it’s no surprise that the most requested style of property in Santa Barbara from home buyers of late is Spanish Mediterranean. This is especially true with out-of-town buyers who currently make up a very large segment of the market. Two other highly requested home qualities from buyers are “single-level” and “ocean view”. The no stairs preference has become more prominent with 55 and over buyers dominating the $1M plus market.

With its popularity and low turn over rate the single-level ocean view Spanish Mediterranean home in Santa Barbara usually comes with a hefty price tag. Currently there’s only one available home in this category priced under $2M. It’s ten minutes from

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