May 2013

Found 2 blog entries for May 2013.

Santa Barbara is heading into this summer with 26% less housing inventory than last summer and 45% less inventory than the summer before. Year-to-date sale numbers are on the opposite side of the scale, up 14% from last year and 36% from the year before. If this trend continues we will soon see a very limited number of homes available in the Santa Barbara area.
 
In addition to keeping an eye on the real estate market there are many activities to enjoy in and around Santa Barbara this summer. Following are some of the upcoming attractions!

June 2 - Platinum Performance State Street Mile, State and Pedregosa, 1st heat at 8am

June 6-9 - 67th Ojai Music Festival, Libbey Bowl and various locations

June 8 - Ocean Awareness Festival, Stearn’s Wharf, West

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About a year and a half ago Robert Shiller predicted that the appreciation for housing would remain low, at around 1.1% per year, for the next five years. Well known real estate enthusiast and mentor David Kohler responded to that prediction with the following: Shiller is wrong – again!! We are on the verge of the biggest real estate boom in history! NOW is the time to re-balance your portfolio and ‘leave the shills behind’!!

David’s strong feelings about another real estate boom in the works comes from the United States currently holding over $60 trillion in paper investments (stocks, bonds, mutual funds, 401Ks, currency, etc.) and the increasing urge to move it more into commodities like real estate. The US has currently been trading only around $1

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