Santa Barbara Real Estate

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Santa Barbara International Film Festival 2016

February 4th, 2016 · Mark Lomas and Kirsten Wolfe, Santa Barbara, Santa Barbara Film Festival

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Santa Barbara International Film Festival * February 3rd thru February 13th!

Santa Barbara International Film Festival Website

Santa Barbara International Film Festival Lineup for 2016

The Santa Barbara International Film Festival is an eleven-day film festival held in Santa Barbara, California since 1986.

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Mortgage Watch January 2016

January 31st, 2016 · Mortgage Information, Santa Barbara Real Estate

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For week of January 21, 2016
MORTGAGE RATES DIP TO 3-MONTH LOW
Mortgage rates have declined every week so far in 2016 and are currently at their lowest levels since the fall, a fact that could help motivate hesitant homebuyers who have been sitting on the fence.
  • That’s according to the most recent numbers from Freddie Mac, which said that 30-year, fixed-rate mortgages fell to 3.81 percent for the week ended Jan. 21, down from 3.92 percent from a week earlier and up from 3.63 percent a year ago. Fifteen-year mortgage rates displayed a similar pattern, dropping from 3.19 percent to 3.10 percent on a weekly basis but up from 2.93 percent year over year.

    In a statement accompanying the report, Freddie Mac Chief Economist Sean Becketti attributed the declines to weak inflation in 2015 and global economic turmoil, which is driving investors to treasuries.

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Santa Barbara 4th Quarter Statistics for 2015

January 29th, 2016 · Mark Lomas and Kirsten Wolfe, Market Conditions, Santa Barbara Real Estate Market Trends

4thQuarter2015SantaBarbara

4thQuarter2015Montecito

4thQuarter2015HopeRanch

4thQuarter2015CarpGoleta

CLICK ON IMAGE TO ENLARGE

 

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Sotheby’s International Realty Santa Barbara

January 25th, 2016 · American Riviera, Mark Lomas and Kirsten Wolfe, Montecito Realtors, Santa Barbara Realtors


Sotheby International Realty’s Santa Barbara Television Ad

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Santa Barbara Real Estate Market Trends

January 21st, 2016 · Hope Ranch Homes For Sale, Montecito Homes For Sale, Santa Barbara Homes For Sale

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Click on image to enlarge. Data provided by Fidelity Title Company

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Santa Barbara, Montecito, Hope Ranch Average and Median Price Review 2007-2015

January 21st, 2016 · Mark Lomas and Kirsten Wolfe, Market Conditions, Santa Barbara Real Estate Market Trends

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Santa Barbara, Montecito, and Hope Ranch market trends from 2007 to 2015. Right now there does not appear to be any downside to the Santa Barbara real estate market.  The modest increases in median prices across the areas still look appealing to buyers. One concern is the Chinese stock market which recently has had an effect on the Dow Jones.  If the Chinese market continues to slip it might have some affect on the buying power for some prospective buyers and if the Feds continue to raise interest rates it might be prudent for some buyers to get off the fence. Data provided by Fidelity Title Company

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Santa Barbara “Live” Real Estate Statistics

January 21st, 2016 · Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends, SB Real Estate Statistics

real-time real estate market research
Carpinteria: 93013, Summerland: 93067, Montecito: 93108, SB Westside: 93101, SB Westside: 93109SB Eastside: 93103 (Riviera), SB Eastside: 93105, Hope Ranch: 93110, Goleta:93111. Goleta/county: 93117, and Santa Ynez: 93460
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CNBC Real Estate Predictions for 2016

January 16th, 2016 · Carpinteria Homes For Sale, Hope Ranch Homes For Sale, Montecito Homes For Sale, Santa Barbara Homes For Sale, Summerland Homes For Sale

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Improving Economy May Be A Boost To Real Estate

January 16th, 2016 · American Riviera, Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate

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Twilight at Stern Wharf in Santa Barbara

Even though the Dow Jones plunged 391 points on Friday Americans are increasingly optimistic about housing market conditions, encouraged by a 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.

Fannie Mae said its latest  (HPSI) Home Purchase Sentiment Index rose 2.4 percentage points in December to 83.2, its highest level since the index was created in June 2010.

Four of the HPSI’s six components increased in December:

  • Survey respondents who said it is a good time to sell a house rose 4 percentage points to 8 percent.
  • Respondents who said that home prices will go up rose 2 percentage points to 40 percent.
  • Those who said they are not worried about losing their job rose 3 percentage points to 72 percent.
  • Those who said their household income is significantly higher than it was 12 months ago rose 9 percentage points to 15 percent.
  • Respondents who said that it is a good time to buy a house remained flat at 35 percent.
  • Those who said mortgage interest rates will go down continued to decrease, dropping 4 percentage points to negative 52 percent.

“Consumers ended the year on an improved note with regard to their income, job security, and overall economic outlook,” Doug Duncan, senior vice president and chief economist at Fannie Mae, said in a statement accompanying the survey results. “This more-positive consumer sentiment brought the HPSI up a few points, moving the index up for all of 2015.

“Brightening economic prospects, if sustained, should stimulate demand for homeownership,” Duncan said. “However, continuing upward pressure on rental prices and constrained housing supply, particularly for starter homes, may mean prospective first-time homebuyers could face affordability constraints.”

The Home Purchase Sentiment Index was derived from Fannie Mae’s monthly National Housing Survey, which polled 1,000 Americans in early December, asking them about their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence.

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Welcome to the American Riviera!

January 11th, 2016 · American Riviera, Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Together with Sotheby’s International Realty, Santa Barbara’s Number One Residential Real Estate Brokerage, we can provide you with the best real estate services available.  Call, email, or text us today!

Mark Lomas and Kirsten Wolfe       805.845.2888      TheRealEstateConcierge@gmail.com

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