Alys Martinez of KEYT television in Santa Barbara reports on County Supervisor’s ban on Short Term Rentals. The Supervisors say they’re “reaffirming zoning regulations.” This has been a controversial topic that has pitted neighbors against neighbors in Santa Barbara. Many believe their property values are threatened by commercial use of homes zoned for residential use only. And, that the quality and character of their neighborhood is changed by a continual flux of unfamiliar short-term tenants.
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Governor Newsom recently signed three new housing bills, that hopefully, will create more opportunities for more housing. The 3 new bills are simply explained here.
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.
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