Oprah drops by the Montecito Starbucks on Coast Village Road on Sunday to promote her new Chai Tea!
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The real estate market here in southern Santa Barbara continues[...]
Zillow's "Zestimates" can be tweaked if you know how to add improvements to Zillow's valuation methodology. You need to be the owner, or owner's agent to do this, or an unscrupulous hacker. Actually, you don't even need to be a hacker, anyone can do it. Zillow does offer valuable information they gather from Public Records. But, you're not going to get a bank to loan you money based on a Zillow "Zestimate." Where homes are very similar (condos/townhomes) sometimes Zillow's "Zestimates" can be helpful. But, if you live in an area where the home styles vary, for real estate agents (your best source for what the true value of your property is) Zillow's "Zestimates" can drive you crazy. Many home sellers and buyers give credence to Zillow's "Zestimates." Unfortunately the degree of accuracy of Zillow's "Zestimates" can vary dramatically from neighborhood to neighborhood. To real estate professionals is what makes this video so hilarious, and wonderfully ironic...enjoy!
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.
