Changes Coming to Flood Maps for Santa Barbara
On September 2, 2015, local government officials met with the public regarding changes and updates to Flood Maps that could have an effect on insurance rates and available loans. Prospective home buyers who want to use Freddie Mac and Fannie Mae loans are required to get Flood Insurance. The impact on some buyers’ ability to purchase in certain areas could be affected.
The Ten Best Remodeling/Renovation Web Sites
Houzz is Best for Getting inspired to make changes big (overhauled kitchen) to small (paint color ideas) — and seeing...
The Millennials Are Moving!
Kenneth Harney recently reported in the LA Times that the millennials that appeared to hold out on purchasing real estate...
Are Zillow’s Zestimates a Deal Killer?
The issue is how accurate is Zillow. Not very. The average Zestimates have an error rate of 8% nationally says Spencer Rascoff Zillow’s CEO. What Rascoff did not share is that the localized error rate sometimes far exceeds 8%.
That’s a problem!
The localized error rate in Manhattan is 19.9%, in San Francisco 11.6% (it’s actually much higher since approximately 25% of San Francisco’s listings do not ever go on the MLS which is where Zillow gets its data), and error rate is an astounding 26% for some rural counties in California?
Zestimates are hardly gospel – and often far from it!
Millennials and Gen X Real Estate
Millennial Update By the end of 2015, millennial buyers (under the age of 35) will become the largest group of...
Real Estate Brokerage Accepts Bitcoins
The Bond real estate brokerage in NYC now accepts Bitcoins.“The Bitcoin is a convenient and inexpensive way for our customers to transfer money, so we see it as a win-win situation which will impact the real estate industry,” said Noah Freedman, co-founder of Bond New York.
In what may be a first for a traditional real estate firm, Manhattan-basedbrokerage Bond New York has announced it will now accept Bitcoin as payment for real estate transactions.
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3112 State Street, Santa Barbara, California 93105
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