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Thousands of L.A. Wildfire Evacuees Find Shelter, Support in Santa Barbara
Kids Displaced by L.A. Fires Welcomed by Santa Barbara School
Mark Lomas Santa Barbara Realtor We are in one of the most foundationally strong housing markets of our lifetime because homeowners are going to fight to keep their current mortgage rate and they have a tremendous amount of equity. This is yet another reason things are fundamentally different than in 2008. We may be in one of the strongest Real Estate Markets in a long time. When you look at the numbers today, the one thing that stands out is the strength of this housing market. Here are two fundamentals that prove this point. Click "Read More" below to continue reading.
Santa Barbara Historic Homes Tour Sunday, May 18, 2014 (11[...]
Santa Barbara Real Estate Market Trends 2023 The California real estate market has shown signs of recovery in May, with home sales reaching the highest level in eight months and the median home price surpassing $800,000 for the second consecutive month. The market is demonstrating resilience and stability. The Santa Barbara real estate market remains strong while interest rates hovers around 7%. On July 16, 2023, the current average interest rate for a 30-year mortgage was 7.14%. Source: Bankrate All Cash purchases have picked up since last year here in Santa Barbara. All Cash sales for June of 2022 were 28%. This year for June was 40%, which may reflect the dramatic hike in interest rates this year. Click Read More below for graphs, charts, and video.
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570
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