Santa Barbara
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After Steady Declines in 2019, Luxury Home Prices are Stabilizing in Some U.S. Markets

After Steady Declines in 2019, Luxury Home Prices are Stabilizing in Some U.S. Markets

The average sale price for luxury homes in the U.S. rose 0.3 percent year over year to $1.6 million in the third quarter of 2019. It marks the first time luxury prices did not drop after three straight quarters of decline. Read More »


California Home Sales Remain Flat in September

California Home Sales Remain Flat in September

According to the California Association of Realtors, amid the most favorable mortgage interest rates in nearly three years, California's housing market recorded a third consecutive year-over-year sales increase as month-over-month sales remained essentially flat. Read More »

 Home Prices Not Affordable in 74 Percent of U.S. Cities by Average Wage Earners

Home Prices Not Affordable in 74 Percent of U.S. Cities by Average Wage Earners

According to ATTOM Data Solutions' Q3 2019 U.S. Home Affordability Report, the median U.S. home price in the third quarter of 2019 was not affordable for average wage earners in 371 of 498 U.S. counties analyzed in the report (74 percent). Read More »

California Home Affordability Issue Continues to Grow

California Home Affordability Issue Continues to Grow

According to the California Association of Realtors, higher home prices negated low interest rates and further reduced Californians' ability to purchase a home in the second quarter of 2019. Read More »


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Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated November 8, 2019 9:00 AM ET

Santa Barbara Property News

According to the California Association of Realtors, after rebounding in May, California home sales fell below the benchmark 400,000 level in June 2019 as sales declined from both the previous month and year.

After last week's two significant 6.4 and 7.1 earthquakes in Southern California, people are being reminded of the significant damage that earthquakes can cause the State's housing industry.

California home sales bounced back in February 2019, after hitting the lowest sales level in more than 10 years the previous month. February's annual sales level were the highest in six months.

Zillow is reporting this week that a limited U.S. housing inventory and rapid price appreciation have kept sellers firmly in the driver's seat for several years as the United States recovered from the housing market collapse in 2008.

Based on a new report by the California Association of Realtors, California home sales remained on a downward trend for the seventh consecutive month in November 2018 as prospective buyers continued to wait out the market.

According to a consumer survey released by the California Association of Realtors, despite affordability challenges, California renters continue to hold homeownership in high regard and aspire to purchase a home eventually.

According to real estate data company CoreLogic, approximately 48,390 California homes with a total reconstruction cost value (RCV) of approximately $18 billion are at high or extreme risk of wildfire damage from the Camp and Woolsey fires in Northern and Southern California.

According to ATTOM Data Solutions recent analysis of what California's housing market would look like if the state is split into three new states per a proposal that has qualified for the state's November 2018 ballot.

According to the California Association of Realtors, California's median home price reached a new high in May 2018, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year.

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.

According to the California Association of Realtors, California's spring housing market posted mixed results as home sales cooled in April 2018, yet home prices continued to accelerate, especially in the San Francisco Bay Area region.

According to the California Association of Realtors, led by the San Francisco Bay region, California home sales registered healthy gains in February 2018 on both a monthly and annual basis after January's weak start.

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017.

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires.

California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market.

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018

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.

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


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