June 2022 Statistics and Market Trends
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.
Sightings
Santa Barbara also known as the American Riviera has attracted celebrities for over a century. It’s been suggested that Santa Barbara and Montecito have more celebrities per square mile than Beverly Hills and as such our rarefied community is sometimes referred to as “Beverly Hills North.”
How’s the Real Estate Market?
Celebrating the 4th of July in Santa Barbara 2022
On July 2, 1776, the Continental Congress voted in favor of declaring independence from Great Britain. The Declaration of Independence was officially...
Will Rising Interest Rates Affect the Housing Market?
How’s the Market?
Memorial Day
This is the day we pay homage to all those who didn’t come home. This is not Veterans Day, it’s not a celebration, it is a day of solemn contemplation over the cost of freedom.
Thank you to all US servicemen and women for your sacrifice,
and to the families that are living with the loss of a loved one.
I Madonnari Returns!
Santa Barbara featured on CBS Sunday Morning
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570