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The HOP (Home Ownership Podcast) Episode 92: Rising Interest Rates not Deterring Home Buyers

The Hop

Release Date: 04/25/2022

The Pros & Cons of Purchasing a Condo or a Townhouse VS a House show art The Pros & Cons of Purchasing a Condo or a Townhouse VS a House

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The HOP (Home Ownership Podcast) Episode 120 with Village Properties Realtor, David Charles Allen. As usual, David reports on the latest interest rates and sales stats in Santa Barbara and then he and Patti discuss the pros and cons of purchasing a townhouse or condo, versus a house. To contact David, email him at [email protected] or call 805-617-9311.

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Finding the Best Loan Terms show art Finding the Best Loan Terms

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HOP (Home Ownership Podcast) Episode 119 Village Properties Realtor and Host of the HOP, After reviewing the interest rates and Santa Barbara Real Estate stats, David reminds listeners that different lenders can affect the terms of your loan. He says that while it's wise to call around to try to get a better rate, it's important to understand that if your credit is run repeatedly, it could ding your credit. As always, David and his co-host end the show by talking about their fur babies at home. You can contact David by emailing [email protected] or call him at 805-617-9311.

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Higher Home Prices in Santa Barbara may Lead to More Renters & Less Buyers show art Higher Home Prices in Santa Barbara may Lead to More Renters & Less Buyers

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The HOP (Home Ownership Podcast) Episode 118 , Host of the HOP and Village Properties Realtor: After reviewing the latest interest rates and real estate stats in Santa Barbara, David explains why high home prices and rising interest rates may inevitably lead to fewer home buyers and more renters in Santa Barbara. To contact David, email [email protected] or cal 805-617-9311.

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Open House Etiquette & Choosing an Agent & Brokerage show art Open House Etiquette & Choosing an Agent & Brokerage

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The HOP (Home Ownership Podcast) Episode 117: Hosted by , Village Properties Realtor in Santa Barbara. David reports on the latest interest rates and Santa Barbara real estate stats. He then discusses Open House Etiquette and the importance of choosing the right agent and brokerage. Desireable homes in Santa Barbara are still selling quickly for their asking price or more. As long as supplies remain low, home prices are likely to stay high. If you'd like to contact David, you can call him at 805-617-9311 or email [email protected]

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The Importance of Pricing a Home Correctly show art The Importance of Pricing a Home Correctly

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The HOP (Home Ownership Podcast) Episode 116: Village Properties Realtor and host of the HOP, , reviews the lates interest rates and sales stats. Thirty-year jumbo loans are at 5.75 % and thirty-year confroming loans are at 6.75 %. This week, there were very few new listings or houses coming soon. David discussed a number of topics including the importance of pricing a home correctly, contingencies, and purchasing in 'good faith.' Don't miss this informative episode. You can email David at [email protected] or call him at 805-617-9311.

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Insurance Problems may  Arise after a Natural Disaster show art Insurance Problems may Arise after a Natural Disaster

The Hop

The HOP (Home Ownership Podcast) Episode 115: Village Properties Realtor, , gives the latest interest rates and sales stats in Santa Barbara. Interest rates rose slightly; up to 6.75 % for 30-year conforming loans and 5.625% for 30-year jumbo loans. Regarding the latest sales stats, there were only 16 new listings in Santa Barbara with five listings coming soon. Patti and David discuss Hurricane Ian and David says that while home values usually come back within a couple of years after a natural disaster, insurance companies may raise rates or pull out of the area, causing a big problem for...

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Higher Interest Rates Affecting People's Ability to Purchase a Home show art Higher Interest Rates Affecting People's Ability to Purchase a Home

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The HOP (Home Ownership Podcast) Episode 114: Hosted by , Village Properties Realtor in Santa Barbara, CA.. Interest rates for 30-year jumbo loans are at 5.375% and 30-year conforming loans are now 6.375%. David noted that these higher rates are impacting affordability, and people's ability to purchase a home. With a limited number of homes for sale (only 29 new listings this week in Santa Barbara), ideal properties are continuing to sell quickly for the full asking price while those that are less desireable are having to drop their prices. Email David at [email protected] or call...

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Interst Rates Rise & New Listings are Down show art Interst Rates Rise & New Listings are Down

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The HOP (Home Ownership Podcast) Epidosde 113 Hosted by Village Properties Realtor, David Charles Allen. Interest rates continue to rise and new listings are down. Here are last week's stats: 25 new listings, 24 price changes, 18 closed, 21 pending, 1 expired and 2 coming soon. Interest rates spiked to 5.5% for 30-year jumbo loans and 6.375 for 30-year conforming. David reports that homes that are desireable are still selling quickly, often with multiple offers. However, homes that are considered less desireable due to location or those needing work are often having to lower their prices....

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How the Economy Downturn could Affect the Housing Market show art How the Economy Downturn could Affect the Housing Market

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The HOP (Home Ownership Podcast) Episode 112, Hosted by Village Properties Realtor, .   In this episode, David reports on the latest interest rates and sales stats before discussing how an economy downturn could affect the housing market.  While large investors could actually benefit from an economy downturn with lower housing prices (especially if they're cash buyers),  it won't be beneficial for others.  For instance, those who bought their homes when interest rates were at their lowest, are unlikely to want to sell their homes as they'll get less for their money...

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Low Supply as Interest Rates Rise show art Low Supply as Interest Rates Rise

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The HOP (Home Ownership Podcast) Episode 111: Hosted by David Charles Allen of Village Properties. As so often happens this time of the year, Santa Barbara has had a heat wave and one day last week it even made it up to the triple digits!! This has caused the ocean water to warm up and there’s been a bit of a south swell--as Santa Barbaran's enjoy swimming in the ocean. Interest rates last week rose to 5% for jumbo loans and 5.75% for 30-year conforming loans. Last week, there were 24 new listings, 12 price changes, 31 closings, 18 pending, 12 expired listings and 4 coming soon. With the...

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Hosted by Village Properties Realtor, David Charles Allen: There were 47 new listings this week in Santa Barbara and 31 properties closed.  Interest rates continued to creep up with 30-year fixed conforming loans at 4.75% and 30-year jumbo loans at 4%.  Many buyers are worried that interest rates will continue to rise and are more determined than ever to purchase a home asap. While houses have appreciated dramatically over the course of the past two years, David points out that historically, they are likely to continue to appreciate, albeit at a slower rate.   He also reminds listeners that if buying a house makes you happy and you can afford it, then it's the right time for you to purchase a home.  Patti asks David about the stiff competition that realtors face with so few houses on the market and so many realtors and David discusses  the importance of being trustworthy and knowlegable.  To contact David, call 805-617-9311 or email [email protected]