Market Conditions

Market Overview Locally and Nationally

May 20, 2024 – Mortgage rates moderated further last week before inching up in the past couple of days, as the latest…

1 year ago

Market Trends and Insights

The southern Santa Barbara real estate market remains vibrant with increased sales activity even as mortgage rates rise. Despite the…

2 years ago

Market Trends, Statistics, and Video

Despite a recent uptick in mortgage rates, the California's housing market continued to demonstrate resilience in February, reaching sales levels…

2 years ago

Good News!

Good news! The Wall Street Journal reported that slowing inflation caused Federal Reserve Chair Jerome Powell to pivot away from…

2 years ago

Inventory Improving and Promising Signs…

Santa Barbara has been described as the "American Riviera," a "playground for the rich and famous" and, quite simply, "paradise."…

2 years ago

Housing Recession?

Surging mortgage rates and still-high home prices are not leaving already demoralized home shoppers much to be thankful for these…

2 years ago

Market Update

Recently I spoke with the manager of one of the larger Real Estate Companies here in southern Santa Barbara and…

2 years ago

Market Trends August 2023

106 Homes sold in August 2023 down from 133 homes sold this time last year. Low inventory continues to drive…

2 years ago

Virtually Unchanged

Buyers and sellers' sentiments remained virtually unchanged in August 2023 as housing market participants waited for more signals on what…

2 years ago

How Are Sales?

The Santa Barbara real estate market has enjoyed a historic run in home values over the course of a decade. As a…

2 years ago