Santa Barbara Real Estate News
Santa Barbara
California Home Sales Uptick 6 Percent Annually in January
Based on new data from the California Association of Realtors, the State of California existing home sales rebounded in January 2024 to the highest level in six months as mortgage rates pulled back sharply at the end of 2023.
California Home Sales Remain Stalled in October
Based on new data from the California Association of Realtors, California home sales were essentially flat in October 2023, as the cost of borrowing remained elevated and housing inventory continued to be tight.
California Home Sales Slide 21.5 Percent Annually in September
Persistently high mortgage rates continue to hobble California's housing market as home sales fell for the fourth consecutive month in September 2023, while the median price rose from the year-ago level for the third straight month to record its largest year-over-year gain in more than a year.
U.S. Mortgage Originations Predicted to Hit $1.95 Trillion in 2024
According to the Mortgage Bankers Association, total U.S. mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.
