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What Factors Affect Real Estate Markets & Property Values?
To help you better understand today’s real estate markets and property values this post takes a look at the macro...
Mortgage Rates, Market Trends, & Analysis
Mortgage rates have fallen since last Thursday reported Credible.com which is the source for the rates below: 30 year fixed...
How’s the Market? Interest Rates Edge Up!
Market Trends for southern Santa Barbara Home sales in all price points took off in June last year here in...
Has the Pandemic Changed the Real Estate Market?
https://youtu.be/2GkFsdM7r4Y The real estate market runs in cycles, from periods of unexplainable rapid appreciation to periods of consistent and predictable price...
Investing in Santa Barbara Real Estate
Mid Year Update
Looking back at the last six months the south coast of Santa Barbara, spanning from Goleta to Carpinteria, we’ve not...
New Real Estate Laws for 2024
The landscape of California real estate is ever-evolving, influenced by market trends, societal shifts, and legislative updates. In 2024, several significant changes have been implemented in California real estate law, impacting both buyers and sellers, as well as real estate professionals. These alterations reflect the state’s ongoing commitment to enhancing transparency, fairness, and sustainability within the real estate sector.
In this post we break down the changes and provide a new Real Estate Laws Chart for 2024 from the California Association of Realtors.
Click Read More below for more information about the new California Real Estate Laws for 2024.
Optimism is on the rise…
Mortgage rates have fallen for nine consecutive weeks and are expected to drop further although many think it’s unlikely that rates will drop below 6%.
The Federal Reserve’s campaign to lower inflation through rate hikes had a significant impact on the housing market. Now that inflation is easing, and interest rates are falling, it’s likely buyers who have been sitting on the sidelines might get back in the game.
The big question for 2024 is will there be a notable increase in inventory? The general consensus among real estate professionals is optimistic as you’ll see in the video included in this post. All expectations are for an increase in inventory. But, truthfully, only time will tell. All indicators at this stage look good without any significant unforeseen disruptions.
Click Read More below for Market Update, last year’s sale’s statistics, and a very timely Altos Research video.
Good News!
Good news! The Wall Street Journal reported that slowing inflation caused Federal Reserve Chair Jerome Powell to pivot away from raising interest rates and toward planning when rates might be lowered. The U.S. economic outlook has brightened in recent months because inflation and wage growth are slowing. Healed supply chain and an influx of workers to the labor force are curbing wage and price increases without causing broad economic weakness.
Plus! Barbara Corcoran’s takes on the real estate market. Spoiler Alert! When mortgage rates drop to around 6% prices will go up. If you’re waiting for prices to drop that may not be the best strategy. Check out the video and decide for yourself.
Click “Read More” below for the whole post and GMA video.
This website is not the official website of Sun Coast Real Estate. Sun Coast Real Estate does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website. Real Agents affiliated with Sun Coast Real Estate are independent contractors and not employees.
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