Housing Recovery Picks Up Steam
The Wall Street Journal reported this Wednesday (June 1, 2016) that Home Prices are back to near record highs across...
Real Estate Scams in Santa Barbara?
Unfortunately, we live in a day and age where fraud has become a fact of life. Scams in real estate...
The week’s most expensive new listings nationally are from California
There’s a heavy West Coast vibe to this week’s most expensive new listings on Realtor.com. The four priciest properties to hit the market all hail from California.This week’s highest-priced home has been on the market before, but the luxe Bel Air home returns with a modest price cut (now $48.5 million) and an adorable new video that highlights all that the home has to offer.
In Real Estate, Sometimes, Love Hurts
Buying in an Appreciating Real Estate Market
Sell first or buy later depends on your financial circumstances, what the current housing market is, and your tolerance for temporary displacement. The ideal in an appreciating market is to buy first and then sell your current home. In a depreciating market, it’s better to sell your home and then buy. Currently, in Santa Barbara, we are in a stable and gradually appreciating market.
Oprah buys Seamair Farm in Montecito, California
Oprah Winfrey purchased the Seamair Farm at 380 Santa Rosa Lane in Montecito on February 5, 2016, reported the Santa Barbara News-Press on February 14, 2016. The Spencer T. Olin Trust conducted an Auction of the 23-acre farm on November 18, 2015. The trust conducted an Auction because they believed, “the property was very hard to value due to its size and location within Santa Barbara County.” This property which included 260 Santa Rosa Lane sold for $28,850,000.
Improving Economy May Be A Boost To Real Estate
Even though the Dow Jones plunged 391 points on Friday Americans are increasingly optimistic about housing market conditions, encouraged by growing confidence in their personal financial outlook and the U.S. economy in general. That optimism was revealed in a recent survey by Fannie Mae, the government-sponsored mortgage firm, and it gives a boost to forecasts for real estate activity in the Bay Area and elsewhere in the months ahead.
Get a Clue
The Real Value of a Home
Vintage Train Ride Benefit for Gaviota Coast Conservancy
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