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For the first time in three years, Santa Barbara is celebrating Old Spanish Days again! Old Spanish Days – Fiesta is Santa Barbara’s largest celebration and one of the top regional festivals in the United States.
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Home buying demand skyrocketed during the pandemic as interest rates collapsed and an influx of Americans started working from home. However, the Fed’s rate hikes have quickly spurred a reversal.
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Have homebuyers had enough? Nationally mortgage rates have spiked on top of record appreciation! Up 42% since the onset of the pandemic. Locally though the real estate market here in Santa Barbara has only seen modest changes so far. Homes may be taking a little longer to sell, and we’re seeing more price reductions/ price improvements. It seems as if the market reinvents itself every day.
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Santa Barbara also known as the American Riviera has attracted celebrities for over a century. It’s been suggested that Santa Barbara and Montecito have more celebrities per square mile than Beverly Hills and as such our rarefied community is sometimes referred to as “Beverly Hills North.”
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Moody’s Analytics’ top economists believe that a correction of the market is coming, rather than a crash.
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On July 2, 1776, the Continental Congress voted in favor of declaring independence from Great Britain. The Declaration of Independence was officially […]
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To help you understand this phenomenon we will help explain how rising interest rates are affecting the housing market. (Click “READ MORE” below for the GMA video and for current Mortgage Interest Rate information).
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Although interest rates have risen they are still historically low. It may be time to lock in your rate. We may be seeing signs of things changing.
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This is the day we pay homage to all those who didn’t come home. This is not Veterans Day, it’s not a celebration, it is a day of solemn contemplation over the cost of freedom.
Thank you to all US servicemen and women for your sacrifice,
and to the families that are living with the loss of a loved one.
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The I Madonnari Italian Street Painting Festival returns and will be taking place from 10 am to 6 pm (free admission) on May 28th, May 29th, and May 30th in front of the steps of the Old Santa Barbara Mission!