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July 8th, 2016 · No Comments · Hope Ranch Real Estate, Montecito Real Estate, Real Estate News, Santa Barbara Real Estate

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For The Real Estate Curious….

 Foreign Buyers Pull Back from U.S. Housing Market

California realtors and others in the housing industry have hoped recent turmoil in the global economy would boost foreign interest in U.S. real estate. New figures suggest the opposite is likely.

Purchases of U.S. residential real estate by foreigners who aren’t residents of the United States fell by $10 billion in the year ending March to $44 billion, the lowest level since 2013, according to a survey by the National Association of Realtors.

Feds Plays Waiting Game on Rates

Federal Reserve officials are in a holding pattern heading towards their July policy meeting, following the release of mixed economic data and the vote by the U.K. to exit the European Union.  Fed governor Daniel Taruillo said Wednesday the central bank should wait for more convincing evidence that inflation is closer to – and would remain near – the Fed’s 2% target before raising short term interest rates again.

Seller Frustrated By Junky Home Next Door

This is one of the most difficult problems to address, and one of the advantages to living in a community association is not having to deal with a neighbors junkyard.

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