Navigating a changing real estate market
As we head into 2023 the housing market finds itself at a turning point, hindered by a dramatic spike in mortgage rates that chilled the market. A storm was brewing as sellers came to terms with the fact that volatile mortgage rates were rising and pushing some buyers to the sidelines dampening demand for their homes. Yet supply is still tight and home prices went up faster throughout the year than many American incomes. The cooling housing market also leveled the playing field for all types of brokerages as change became the new normal.
For seasoned realtors navigating a changing market is par for the course. Staying ahead of the curve and adapting to the many twists and turns in this unpredictable market is why buyers and sellers look to local professionals that are familiar with this dynamic.
Experience counts. Only by understanding the challenges and opportunities are they able to serve their client’s best interests.
Three Housing Market Predictions for January 2023 Source: The Ascent
Housing Market Predictions for 2023, Will Home Prices Drop? Source: Forbes 12.21.2022
California Housing Market – Will the California Housing Market Crash? Source: Norada 12.20.2022
Santa Barbara Real Estate Market Trends and early Predictions for 2023 11.16.2022
March 19, 2025: Home sales are down in California, and prices are rising, with a…
Southern Santa Barbara, stretching from Carpinteria to Gaviota, offers a unique blend of coastal charm…
The southern Santa Barbara's real estate market offers a fascinating glimpse into the dynamic interplay…
In 2024 the southern Santa Barbara real estate market saw a 16% increase in inventory.…
The 40th Annual Santa Barbara International Film Festival is rolling out the red carpet Tuesday,…
The Santa Barbara real estate market in 2025 is quite dynamic and continues to attract…