Santa Barbara Real Estate Articles

The 15 Best Housing Markets for the Next Five Years

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With an annualized expected growth from 2012 – 2017: 8.4 percent, Santa Barbara made the list of the 15 best housing markets for the next five years! Read the entire article here.

Top 10 Turnaround Towns: 2nd Quarter of 2012

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According to AOL Real Estate News, Santa Barbara, Santa Maria and Lompoc, ranks No. 10 on the list of “Top 10 Turnaround Towns: 2nd Quarter of 2012” with a -31.10 percent decrease in year-over-year quarterly for-sale inventory and an increase of median list prices of 16.93 percent compared to the same time last year. Santa Barbara‚Äôs housing market moved 21.43 percent faster in the second quarter of 2012 than the same quarter last year. Santa Barbara County today generates one foreclosure filing for every 330 homes, but shows positive signs in new-home sales for April 2012 with both increases year-over-year and compared to the previous month. Santa Barbara was a highlighted market in the May 2012 Realtor.com monthly market report. Read the entire article here.

FHA Mortgages are Poised to get more Expensive!

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In case you haven’t heard, the cost of mortgages will be increasing soon. If you are in the market for a new home, take a look at this recent LA Times article and call your mortgage broker!

FHA Mortgages are Poised to get more Expensive!