Oprah drops by the Montecito Starbucks on Coast Village Road on Sunday to promote her new Chai Tea!

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Have homebuyers had enough? Nationally mortgage rates have spiked on top of record appreciation! Up 42% since the onset of the pandemic. Locally though the real estate market here in Santa Barbara has only seen modest changes so far. Homes may be taking a little longer to sell, and we're seeing more price reductions/ price improvements. It seems as if the market reinvents itself every day.
According to the Santa Barbara Multiple Listing Service there were[...]
Lower-priced homes are most likely to have the word love in property descriptions, while million-dollar homes are most likely to be described as sexy and seductive, an analysis of listings finds. In luxury real estate, love is cheap and sex sells.
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Mark Lomas BRE 00898298
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