Where Has All The Money Gone?

Here on the South Coast of Santa Barbara County of the loans closed year to date: 85% were conforming or under $625,500; Jumbo loans made up 6.6% of the market; FHA 7% and last but not least VA with 1.2% of the market. Given the fact that the low end, … Read More

Santa Barbara Area Homes Are In Short Supply

We have arrived! Our area inventory is now down to an 86 day supply with only 594 homes on the market. We are officially in a “Seller’s Market.” In a Seller’s Market prices usually begin rising, market pace is fast and there is low inventory. The Realtors I have spoken … Read More

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