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Gorgeous aerial video of Santa Barbara, California. Video by Gianone Muller
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Santa Barbara Real Estate 106 Homes sold in August 2023 down from 133 homes sold this time last year. Low inventory continues to drive sales. 40% of homes sold in southern Santa Barbara were "all cash." Although the market has softened slightly here in September there's a strong possibility that the market will pick up as we head into October and November. Click Read More below for more statistics, graphs, charts, and video.
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Barbara Corcoran on Good Morning America Video Good news! The Wall Street Journal reported that slowing inflation caused Federal Reserve Chair Jerome Powell to pivot away from raising interest rates and toward planning when rates might be lowered. The U.S. economic outlook has brightened in recent months because inflation and wage growth are slowing. Healed supply chain and an influx of workers to the labor force are curbing wage and price increases without causing broad economic weakness. Plus! Barbara Corcoran's takes on the real estate market. Spoiler Alert! When mortgage rates drop to around 6% prices will go up. If you're waiting for prices to drop that may not be the best strategy. Check out the video and decide for yourself. Click "Read More" below for the whole post and GMA video.
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570