Artificial Intelligence and Real Estate
The Future of Real Estate? I asked ChatGPT what Santa Barbara, California is like, and in about 15 seconds this...
Santa Barbara Real Estate Market Trends
Overall, homes in California are slightly less expensive than they were one year ago — but only very slightly. According to data from the California Association of Realtors (CAR), the median single family home sold for $777,500 in November 2022, compared to $782,480 in November 2021. Today’s significantly higher interest rates make that already-high price feel even less affordable.
This does not hold true across all areas of the state. For example, Fresno, Los Angeles and Orange County saw equally slight increases year-over-year, while the wine-country regions of Napa and Sonoma saw more significant increases.
Homes are also taking longer to sell, CAR reports. In October 2021, homes spent an average of 11 days on the market before selling. A year later, that number had more than doubled to 23 days on the market.
Click “Read More” below for Market Trends Statistics for Santa Barbara and artist information.
Mortgage Information and Rates
The benchmark fixed rate on 30-year mortgages now sits at 6.3 percent, down from last month’s levels, according to a...
Santa Barbara International Film Festival
The Santa Barbara International Film Festival announced on January 18, 2023, the highly anticipated line-up for the 38th Festival which will run from February 8, 2023, through to February 18. The Film Festival will showcase 52 World Premiers and 78 US premieres from 43 countries along with tributes featuring the year’s top talent, panel discussions, and free education and community outreach programs. Click Read More below for more information.
Martin Luther King Jr.
Martin Luther King Jr. (born Michael King Jr.; January 15, 1929 – April 4, 1968) was an American Baptist minister and activist, one of the...
Santa Barbara Real Estate Market Trends for 2022
It’s important to keep up with real estate trends if you’re looking to buy or sell. January’s housing market is likely to mimic December’s, which is good for sellers but not great for buyers. This post features Santa Barbara’s real estate market trends for December 2022, year-to-date statistics for the year, plus market trends for the last decade.
Mark Lomas
MarkLomas.com DRE: 00898298 MARK DANFORTH LOMAS HomesOfSantaBarbara@gmail.com “Practicing the Fine Art of Real Estate” I have over 30...
The Art of Downsizing
If you plan on downsizing during your retirement years, you have a lot to think about. That includes what to do with your current home before you transition to a smaller one, but this doesn’t have to be a stressful decision. As long as you take the right steps and have the right experts to help you, you can come up with the right plan for your home and your move.
California Coastal Conservancy
Navigating a Changing Market
As we head into 2023 the housing market finds itself at a turning point, hindered by a dramatic spike in mortgage rates that chilled the market. A storm was brewing as sellers came to terms with the fact that volatile mortgage rates were rising and pushing some buyers to the sidelines dampening demand for their homes. Yet supply is still tight and home prices went up faster throughout the year than many American incomes. The cooling housing market also leveled the playing field for all types of brokerages as change became the new normal.