Santa Barbara Real Estate

How’s the market? Real Estate Metrics 101

Possibly the most important real estate video you’ll see this year. Everyone is asking what’s happening to the housing market. There are a lot of opinions out there. This video only focuses on real estate historic metrics and might be the most insightful look into what’s really happening and the outlook for real estate going forward. This video was created on August 17, 2022. How’s the market? Just the facts.

August 2022

The real estate market reinvents itself every day. It’s constantly changing. The housing market had been booming with properties valued at an all-time peak. Homes were in high demand partially due to historically low-interest rates and low inventory. But now that rates have risen the market has slowed.

We find ourselves in a price-sensitive market. The market appears to be normalizing as rates stabilize. It’s critical to price your home correctly for the best results. It’s still a good time to buy or sell real estate depending on your goals.

As your real estate experts, you can count on us for pricing guidance. Making the decision to buy or sell is an exciting one. That’s where we come in. We know getting the pricing right is crucial, and we have strategies to help you succeed every step of the way. Reach out today to begin that conversation.

Mortgage Rates September 11, 2022 / Click on image for more information
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Mark Danforth Lomas

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