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Santa Barbara Real Estate Statistics The 2021 Santa Barbara Real Estate Market by the Numbers
Santa Barbara Real Estate Statistics
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Looking for the perfect home, it turns out, is a lot like looking for love. Prospective homebuyers frequently develop “crushes” on certain properties and drive by or go online for a second or third look while technically still playing the field, according to a recent survey. And what makes one buyer’s heart go all aflutter can leave another cold as a stone. The survey was conducted by Realtor.com, which polled 1,000 visitors to its website in the weeks leading up to Valentine’s Day. It found that 69 percent of consumers admitted to having a “home crush” — a property they liked so much they were drawn back to looking at it more than once, in person or online. The survey also revealed that in matters of the heart, like matters of the heart, men and women behave differently.
Real Estate Laws 2024 Santa Barbara, California The landscape of California real estate is ever-evolving, influenced by market trends, societal shifts, and legislative updates. In 2024, several significant changes have been implemented in California real estate law, impacting both buyers and sellers, as well as real estate professionals. These alterations reflect the state’s ongoing commitment to enhancing transparency, fairness, and sustainability within the real estate sector. In this post we break down the changes and provide a new Real Estate Laws Chart for 2024 from the California Association of Realtors. Click Read More below for more information about the new California Real Estate Laws for 2024.
Optimisim Santa Barbara Real Estate Mortgage rates have fallen for nine consecutive weeks and are expected to drop further although many think it’s unlikely that rates will drop below 6%. The Federal Reserve’s campaign to lower inflation through rate hikes had a significant impact on the housing market. Now that inflation is easing, and interest rates are falling, it’s likely buyers who have been sitting on the sidelines might get back in the game. The big question for 2024 is will there be a notable increase in inventory? The general consensus among real estate professionals is optimistic as you'll see in the video included in this post. All expectations are for an increase in inventory. But, truthfully, only time will tell. All indicators at this stage look good without any significant unforeseen disruptions. Click Read More below for Market Update, last year's sale's statistics, and a very timely Altos Research video.
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