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Thousands of L.A. Wildfire Evacuees Find Shelter, Support in Santa Barbara
Kids Displaced by L.A. Fires Welcomed by Santa Barbara School
All Eyes Are On Housing Pricing Even though the summer homebuying season is officially here, the housing market is still experiencing a winter chill. The national average 30-year fixed mortgage rate remains elevated compared to last year, hitting a year-to-date high of 6.79% the week ending June 1, according to Freddie Mac. Though the median existing-home sales price edged lower year-over-year for the fourth consecutive month—a promising sign for home shoppers—experts don’t expect substantial, nationwide price declines anytime soon. Click Read more below for the entire post and videos.
Santa Barbara Real Estate The median price and active listings data depicted in the graphics in this post are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes. Sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower end or the upper end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes. Click Read More Below for more information, sales data, and video.
Even though the Dow Jones plunged 391 points on Friday Americans are increasingly optimistic about housing market conditions, encouraged by growing confidence in their personal financial outlook and the U.S. economy in general. That optimism was revealed in a recent survey by Fannie Mae, the government-sponsored mortgage firm, and it gives a boost to forecasts for real estate activity in the Bay Area and elsewhere in the months ahead.
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