Santa Barbara
Real Estate News

California Pending Home Sales Continue to Slide in November

California Pending Home Sales Continue to Slide in November

California pending home sales dropped from both the previous month and last year in November 2015, indicating that the robust sales registered in November will likely not be repeated in the months ahead. Read More »


Mortgage Rates Climb Higher in Early November

Mortgage Rates Climb Higher in Early November

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. fixed mortgage rate moved higher in early November. Read More »

California Home Sales Uptick in September, First Time in 7 Months

California Home Sales Uptick in September, First Time in 7 Months

The California Association of Realtors are reporting this week that California's existing home sales ticked up in September 2016 on a year-over-year basis for the first time in seven months. Read More »

Distressed Sales Account for 8 Percent of U.S. Homes Sold

Distressed Sales Account for 8 Percent of U.S. Homes Sold

According to CoreLogic, distressed home sales in the U.S., which include REO and short sales, accounted for 7.8 percent of total home sales nationally in June 2016. Read More »


Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated December 26, 2016 8:02 AM ET

Santa Barbara Property News

Nearly 1.4 million (1,361,188) U.S. residential properties (1 to 4 units) representing 1.6 percent of all residential properties were vacant as of the end of Q3 2016..

According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month.

According to the California Association of Realtors, California statewide pending home sales continued to build momentum in July 2016, posting an increase from both the previous month and year.

According to the California Association of Realtors, California statewide home sales stumbled in July 2016 as low inventories and eroding affordability dragged down the housing market.

Sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units.

California pending home sales continued their upward momentum in June 2016 to post three straight months of annual increases.

After a couple months of lackluster growth in transaction volume, California's existing home sales rose to their highest level in nearly four years in June.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 24, 2016, U.S. mortgage applications decreased 2.6 percent from one week earlier.

268,000 U.S. homeowners regained positive equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million.

The California Association of Realtors are reporting this week that California statewide pending home sales reversed a three-month decline and posted higher in April.

According to the California Association of Realtors, higher wages and lower seasonal home prices combined to push California housing affordability higher in the first quarter of 2016.

Statewide pending home sales in California decreased in March 2016 on an annual basis for the third straight month, reflecting high demand for a dearth of homes available for sale on the market.

According to Irvine, Ca-based RealtyTrac's First Quarter 2016 U.S. Foreclosure Market Report, foreclosure activity in the U.S. was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas (36 percent).

More property investors are turning to niche properties and away from investing in single-family homes and multifamily properties than they have in recent years.

Moderating home price appreciation and improving housing inventory combined to spur California's housing market in February 2016 as existing home sales increased from both the previous month and year.

This week the California Association of Realtors reported that California's January 2016 existing home sales posted their best January monthly performance in three years.

Lower interest rates and level home prices combined to perk up California housing affordability in the fourth quarter of 2015.

According to the California Association of Realtors, pending home sales in California continued to improve from a year ago with solid gains, which will position the market for a modest increase in home sales in 2016.


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