Santa Barbara Real Estate

"Practicing the Fine Art of Real Estate"

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For Buyers, Sellers, and the Real Estate Curious

November 24th, 2014 · No Comments · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Realtors

3SBPotterWharfNov2014

Painting by Chris Potter 

Real Estate Industry News/Trends

$1 Million-Plus Home Sales Up 16%; CNBC

New York’s Multimillion Dollar Home Sales Keep Soaring; CNN Money 

Rental Apartment Construction Is At A 27-Year High; WSJ Real Time Economics Blog 

Fannie Mae, Freddie Mac Adjust Loan Repurchase Rules; Reuters 

Fannie Cuts Mortgage-Rate Outlook, But Home Buyers May Not Bite; MarketWatch 

Competition

Inventory Rising Among Most Expensive Homes, But Low-Priced Homes Still Scarce; Zillow

Economic News/Legislative Affairs 

Economic Growth Slowing After Mid-Year Burst, But 2015 Growth Expected To Top 2014; Fannie Mae

Economy Shows Strength As Inflation Stays Low; NY Times

Exclusive: America’s Part-Time Economy; CNN Money

Mortgage Rates

Low Interest Rates Drive Refinances To Six-Month High; HousingWire

Overnight Averages from Bankrate.com

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