Santa Barbara Real Estate

"Practicing the Fine Art of Real Estate"

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Santa Barbara Real Estate Market Trends

July 15th, 2017 · Santa Barbara, Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends

Santa Barbara real estate Market Trends from January 2013 to June 2017 for the number of sales for that month. This graph was created by Fidelity Title Company of southern Santa Barbara covering the communities of Carpinteria to Goleta (southern Santa Barbara). The market is appears to be on the rise!

Click on image to enlarge.

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Virtual Reality and Real Estate

July 10th, 2017 · 3D Home Tours, California Real Estate, Montecito Realtors, Real Estate News

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Practicing the fine art of Real Estate

July 7th, 2017 · California, California Real Estate, California Realtors, Santa Barbara Real Estate

Painting by local Santa Barbara artist Chris Potter

Forecast: California Home Prices to Grow by 10 Percent Through 2018

California home prices rose by 5.8 percent year over year in May and are projected to grow by 9.7 percent by next spring. U.S. rents rose by 3.1 percent on an annual basis in May, further eroding affordability. Although home values throughout most of the California are currently considered normal, most are projected to be overvalued by 2022.
Golden State homes should appreciate at almost double the national rate by next spring, though price growth and increasing rental costs do not bode well for affordability. CoreLogic’s latest Home Price Insights report says that U.S. home prices rose by 6.6 percent from May 2016 to May 2017. California home prices grew by 5.8 percent in that time period.

Single-family rent inflation grew by 3.1 percent year over year in May, a reflection of constrained housing inventory and yet another obstacle for those hoping to enter the housing market while mortgage rates remain historically low.  Housing affordability is already a national problem, dropping to a near nine-year low in the second quarter, according to a recent report from ATTOM Data Solutions. That analysis said that home prices grew faster than wages on an annual basis in 87 percent of U.S. housing markets
California’s affordability problem is unlikely to improve in the coming year if CoreLogic’s forecast is accurate. The HPI calls for 9.7 percent home price appreciation through May 2018, compared with 5.3 percent appreciation nationwide.

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Santa Barbara “Live” Real Estate Statistics

July 6th, 2017 · Santa Barbara Real Estate, Santa Barbara Real Estate Market Trends, SB Real Estate Statistics

Carpinteria: 93013, Summerland: 93067, Montecito: 93108, SB Westside: 93101, SB Westside: 93109 SB Eastside: 93103 (Riviera), SB Eastside: 93105, Hope Ranch: 93110, Goleta:93111. Goleta/county: 93117, and Santa Ynez: 93460
real-time real estate market research  
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The Fourth of July

July 4th, 2017 · 4th of July, American Riviera, Santa Barbara Real Estate

The Fourth of July—also known as Independence Day or July 4th—has been a federal holiday in the United States since 1941, but the tradition of Independence Day celebrations goes back to the 18th century and the American Revolution. On July 2nd, 1776, the Continental Congress voted in favor of independence, and two days later delegates from the 13 colonies adopted the Declaration of Independence, a historic document drafted by Thomas Jefferson. From 1776 to the present day, July 4th has been celebrated as the birth of American independence, with festivities ranging from fireworks, parades and concerts to more casual family gatherings and barbecues. Be safe, be well, have a great 4th of July!

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Santa Barbara Fireworks!

July 3rd, 2017 · 4th of July, Santa Barbara, Santa Barbara Real Estate, Santa Barbara Realtors

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Fun Facts about the Fourth of July

July 2nd, 2017 · 4th of July, California Real Estate, Santa Barbara, Santa Barbara Real Estate

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PACE Property Assessed Clean Energy Program Loan Controversy

June 30th, 2017 · PACE Program, Santa Barbara Homes For Sale, Santa Barbara Real Estate, Santa Barbara Realtors

More information regarding PACE aka Property Assessed Clean Energy’s program that’s designed to create financing for making one’s home more energy efficient. There are some issues here that are addressed by the President of the Santa Barbara Association of Realtor’s David Kim on KEYT television.

Click here for more information on the PACE Property Assessed Clean Energy Program issues.

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Zillow Threatens Blogger over Photos Online Controversy

June 29th, 2017 · California Real Estate, California Realtors, Santa Barbara Real Estate, Zillow Zestimates

The Verge.com reports: Zillow doesn’t even own the photos it threatened to sue popular blogger over!

Zillow, the bane of real estate professionals, with it’s often inaccurate Zestimates and other issues such as feeding on the data real estate professionals create without any compensation. Appears to now be bullying a blogger over photos she’s used that Zillow, according to Verge.com, does not own the rights to. Interesting? Also, Zillow takes the data real estate professionals creates and then tries to sell them back leads generated by the data? Crazy. And, although Zillow has claimed it would not get into competition with Realtors they’ve recently come up with “Instant Offers” on their site that does just that? More crazy? Click on the Instant Offer link for real estate professional’s feedback to this atrocity.

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Summer Solstice in Santa Barbara 2017

June 23rd, 2017 · California, Santa Barbara, Santa Barbara Real Estate, Summer Solstice

For More Information about the Summer Solstice Celebration in Santa Barbara visit their site at: Summer Solstice Parade in Santa Barbara 2017

Enjoy the video below, “A Sense of Place: Public Art in Santa Barbara,” that offers some footage of past Summer Solstice Parades in Santa Barbara (begins around 6:25 on video). But, the whole video is extremely enjoyable to watch!

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