Santa Barbara Recovery Resources Maps
Santa Barbara Readiness Maps were created for the areas of Montecito, Summerland, and Carpinteria affected by the deadly Jan. 9 debris flows and were released on June 11, 2018, by the Federal Emergency Management Agency. The debris flows killed 23 people and damaged or destroyed hundreds of homes and businesses just weeks after the Thomas Fire blackened most of the watershed about Montecito. The maps reflect areas that can be expected to flood in heavy rainfalls, with new elevations that resulted from the events related to the debris flow, according to Santa Barbara County officials. Residents, architects, and contractors are expected to use the new elevations and flood hazard zones to guide their planning and development decisions.“The maps are a critical guide to future development decisions in Montecito,” said Matt Pontes, the county’s assistant executive officer. “The updated FEMA maps are a key tool to rebuild Montecito.
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Home Accessibility: Making Your Home Work for You
As someone who is living with a disability, your home should be a place where you can easily maneuver, allowing for ease of living and relaxation. Whether you are looking for a new home or would prefer to modify your current one, the following tips will set you on the right path to a more accessible home.
Buyer’s Market?
CNBC reported on July 24, 2018, that sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic. The median price paid for all Southern California homes sold in June was a record $536,250. A 7.3 percent increase compared to June 2017. In the past California, one of the largest housing markets in the nation has been a predictor for the rest of the country. Sales fell 1.1 percent compared with May, but the average change from May to June, going back to 1988, is a 6 percent gain. The weakness was especially apparent in sales of newly built homes, which were 47 percent below the June average. Part of that is that builders are putting up fewer homes, so there is simply less to sell.
The Correllation between the Stock Market and Interest Rates
There is not a tangible relationship between mortgage rates and the stock market whereby one can be said to directly drive the other. Although they both respond to the same market conditions, their response is difficult to predict. That said, there are some notable patterns by which either mortgage rates or the stock market suggest the behavior of the other. These patterns are based on flows of investment money, as well as the larger economic impact of either a healthy stock market or low mortgage rates.
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