Fractional home ownership. One-eighth ownership. Basically a timeshare. What could go wrong?
Disrupter Pacaso, is a Bay Area-based company that buys homes and then sells fractional interests in them to second-home buyers. After the sale – in which the company makes a profit – the company then manages the home, and the co-owners use Pacaso’s technology to schedule time in the home.
There is a rise in rental scammers taking advantage of the huge need in California for housing. Scammers are listing...
RATES HAVE FALLEN ABOUT 1.5% SINCE MID-OCTOBER. That translates to about $100 a month in savings per $100,000 borrowed.
The Housing Market is most definitely Not Frozen source: JVM Blog/ JVM Lending
INVESTORS ARE STILL BUYING: Investors seem to see something much of the homebuying world does not. Agents report that they’re dealing with investors of every type. The low inventory for Investment properties is fairly limited in Santa Barbara right now making good investment properties very desirable especially if they’re priced right.
RATES WILL CONTINUE TO FALL: Rates are expected to fall in the first half of 2023. If that happens we may also see more homes for sale. CoreLogic is predicting appreciation next year.
(For More Information Click Read More Below)
The colorful and always-changing Funk Zone in Santa Barbara is a unique neighborhood found between Highway 101 and the Beach off lower State Street. The Funk Zone proudly reflects its roots in art and industry with an eclectic mix of artisan shops, art galleries, studios, eateries, wine-tasting rooms, and microbreweries – some of which have popped up in the area’s converted warehouses and packing plants, all just steps from the beach!
Tourists and locals love to explore the Funk Zone’s artsy soul through the Arts Fund Community Gallery’s monthly exhibitions. From the Zone’s gourmet grab-and-go breakfast and lunch spots to its urban sit-down restaurants, the Zone shines a spotlight on locally sourced ingredients and plentiful outdoor patios. The Lark housed in a creatively repurposed historic fish market serves up tasty shareable plates. Next door, the Lucky Penny offers wood-fired pizzas, freshly baked pastries, sandwiches, and salads. Lastly, check out the Santa Barbara Urban Wine Trail. Taste wines from each of Santa Barbara County’s five AVAs at the Valley Project while ogling the stunning floor-to-ceiling map of the region.
Click “Read More” below for Funk Zone in Santa Barbara, California YouTube Video
What do Homeowners need to know about selling in today’s market? You’ve probably heard about the cooling of the housing market and you may be thinking of selling your home and wondering what that means for you. While it’s not at the same peak intensity we saw during the pandemic it’s still a seller’s market.
The Metaverse is a creation by Facebook’s founder Mark Zuckerberg. The Metaverse is an alternate digital universe where people can...
Recent months have seen the median sale price in Santa Barbara Real Estate dip from a record high this spring. The price paid per square foot is up 9% on the year. Looking ahead to next year, we expect an uptick in inventory and a more balanced Santa Barbara real estate market with more options for buyers and sellers.
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.
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570
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