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Mark Danforth Lomas has contributed 583 entries to our website, so far.View entries by Mark Danforth Lomas
Southern Santa Barbara Real Estate Year to Date Sales Statistics.[...]
Surging mortgage rates and still-high home prices are not leaving already demoralized home shoppers much to be thankful for these days. Nonetheless, the housing market remains competitive as demand continues to outpace supply. Would-be buyers with the stomach to stay in the market are gobbling up the limited inventory, especially new homes, as builders continue offering incentives to hopeful homeowners. Click Read More below for more information and video from Altos Research.
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)
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