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Dwight Yoakam “Live” performing Home For Sale from his This Time album.
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Despite low inventory, we continue to see more homes going into contract and closing escrow than this time last year. Low supply and high demand is driving prices up. Buyers are relocating here from more urban environments while capitalizing on low interest rates.
The Real Estate Scene This graph represents the number of homes sold for that month. In May, following the outbreak of the virus here in southern Santa Barbara County 85 homes sold. In June 161 homes sold, and in July 190 sales.
In this post we will address some of the pros and cons of Rent Control and how reforming Proposition 13 could help California’s current housing crisis. Proposition 33 aimed to repeal the Costa-Hawkins Rental Housing Act which currently limits the scope of rent control in California. On November 5, 2024 Californian voters voted 60% to 40% against the passing of Proposition 33.
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3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570