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Santa Barbara Real Estate Since the beginning of 2020 the nationwide median home list price is up 27% - adding 9.1 Trillion to the total value of the US Housing Market.
Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably. Unsure buyers navigating an unpredictable landscape keep demand declining while other potential buyers remain sidelined from an affordability standpoint. The interest rate hike by the Federal Reserve will certainly inject additional lead into the heels of the housing market.
Santa Barbara Real Estate In early March the Montecito Journal reported that the Montecito Water District (MWD) unanimously approved a declaration of emergency water shortage - Ordinance 92- on February 11th, mandating no new water connections, plus restrictions on pools, hosing of hard surfaces, home car washes, and correction of leaks, plus fines of up to $1000 for repeated violations.
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570