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Dec 202016

The Federal Reserve Hikes Interest Rates for a 2nd Time in a Decade

Interest rates: what does the hike mean for your wallet? By now you might know the Federal Reserve has raised interest rates by a quarter of a percentage point: the 2nd rate hike in about ten years. According to the Washington Post, the Fed's rate...

Dec 132016

2017 California Housing Market Forecast

Home sales are leveling off. Prices are rising more slowly. And even mortgage rates near all-time lows. According to the California Association of Realtors 2017 California housing market forecast, the sunshine state will post modest gains next year ...

Nov 82016

Clinton or Trump, Who Is the Best Bet for Luxury Real Estate?

Who do you think will be the best bet for luxury real estate, Hillary Clinton or Donald Trump? Americans don't have much information about either candidate's positions on the U.S. housing market even today as they head to the polls. I am neutral when...

Sep 222016

Montecito Home Makes Forbes List of America’s Most Expensive Homes

The magnificent Rancho San Carlos estate n Montecito has made the Forbes list of America's most expensive homes on the market right now. The property, located at 2500 East Valley Road, is one of 26 homes on the market listed for more than $75 milli...

Aug 252016

Buying Real Estate: Is This the Best Time in History to Invest?

I just read an op-ed piece in MarketWatch that says if you're considering buying real estate, this is the best time in history to do so. While plenty of pundits are sounding the real estate alarm bells for a variety of reasons, editor Jeff Reeves thi...

Jul 52016

California #3 Among States with the Best Economies

According to WalletHub's new ranking of state economic performance, California comes in third in a list of states with the best economies. The personal finance site came up with the list by comparing each of the 50 states, plus the District of Col...

Apr 272016

Is California a Financially Savvy State?

According to professionals at Wallet Hub, a personal finance resource on the web, California is one of the most financially savvy states in the nation. In fact, California came in #12 on the list of 2016's Most & Least Financially Savvy States. N...

Mar 152016

Housing Statistics That Will Make You Smile

I just read the latest housing statistics about home sales on a national basis in Realtor.com. A new report out by the National Association of Realtors® says the number of houses across the nation that have sold but have not closed yet dipped 2.5%,...

Jan 222016

The Luxury Home Market Update

In a recent blog, I shared with you the latest luxury real estate stats for Santa Barbara and Montecito. Today, I am going to look at the luxury home market nationally. The Institute for Luxury Home Marketing (ILHM) publishes the ILHM Luxury Homes...

Jan 112016

2015: The Year In Real Estate in Montecito and Santa Barbara

Last year was stellar for the real estate industry here in Montecito and Santa Barbara County In general, last year was not so surprising since we all expected the real estate market would continue to recover in 2015. The first half of the year wa...

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