Higher Interest Rates Affecting People's Ability to Purchase a Home
Release Date: 10/12/2022
Formula to Follow if you Need to Reduce your Home's Sale Price
The Hop
The HOP (Home Ownership Podcast) Episode 147 David Charels Allen reports on the latest interest rates and Santa Barbara sales stats. This week, rates remained about the same. There were only 31 new listings and 36 homes went pending. With such a low inventory of properties, many homes are still selling quickly. However, if your property is not selling, David has a suggested formula for reducing its sale's price. If a couple of weeks go back and you haven't gotten any nibbles, David suggest you reduce the sales price by 10%. If the house has gotten some...
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Santa Barbara is Dog Friendly--Except when it comes to Renting a Property
The Hop
The HOP (Home Ownership Podcast) Episode 146 Week of Aug 5, 2023 David reviews the latest interest rates and real estate sales stats. While interest rates are up slightly, inventory is low--with only 35 new listings. There were 16 price changes which indicates that homes are taking longer to sell. The good news is that people who are looking for a new home can take a little longer to make up their mind and put in an offer. In the second part of the show, David discusses his new business. He and his business partner are selling healthy, organic dog treats with a long...
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Open Houe Etiquette
The Hop
The HOP (Home Ownership Podcast) Episode 144 David gives the latest interest rates and Santa Barbara sales stats. He and his co-host Patti, discuss Open House etiquette. While David stresses that you should feel free to ask the Open House Realtor questions about the house you're viewing, he advises that it's a good idea to let the realtor know if you're already working with another realtor. Then David and Patti shift their attention to The Fur Babies at Home segment. David discusses the benefits of feeding your dog a raw food diet and then discusses his new organic dog treats,...
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The HOP (Home Ownership Podast) Episode 143
The Hop
Week of 7-6 to 7-15-23 Host and Village Properties realtor, David Charles Allen, reviews the latest interest rates and sales stats in Santa Barbara. Interest rates dropped almost a half-percent. Regarding sales stats, Santa Barbara had 46 new listings, 31, sales closed, and 22 went pending. Sales seem to be slowing down slightly as summer is in full swing. If you'd like to talk to David about buying or selling a home, you can email him at or call him at 805-617-9311. In the second half of the show, David tells us about his new business, Chowdees. David has...
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An End to June Gloom in Site & Airbnb Regulations in Santa Barbara
The Hop
The HOP (Home Ownership Podcast) Episode 142 Week of 6/17/2023 Hosted by Village Properties Realtor, David Charles Allen June Gloom continues but sunny skies are predicted for Father's Day and the week that follows. After reviewing interest rates and the week's sale's stats, David discusses the unique regulations for owners renting out Airbnb's in Santa Barbara. To contact David Charles Allen, email , or call 805-617-9311.
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June Gloom is not Putting a Damper on Real Estate and the Supply is Building
The Hop
The HOP (Home Ownership Podcast) Episode 141 Week of 6-10-23 There has been little sunshine in Santa Barbara this June so far and temperatures have been in the mid-60's. Interest rates remain the same at 6 percent. Regarding this week's sales stats in Santa Barbara, there were: 44 New Listings 15 Price Changes 21 Closings 25 Pending Sales 4 Coming Soon David and Patti discuss AI and how it affects the real estate business. David reminds listeners that relationships are the most important factor when buying and selling real estate and that the main change with AI is some added...
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Is this the BEST TIME to purchase Property in Santa Barbara? Barbara Corcoran thinks so!
The Hop
The HOP (Home Ownership Podcast) Episode 140 Week of 6-3-23 Village Property Realtor and host of the HOP, David Charles Allen, reports on interest rates and the latest Santa Barbara sales stats. Thirty-year jumbo loans are at 6% this week and thirty-year conforming loans are at 6.5%. Santa Barbara sales stats are as follows: 27 New Listings 14 Price Changes 24 Pending 5 Back on on the Market 4 Coming Soon Patti and David discussed real estate mogul, Barbara Corcoran and her recent prediction that the Best Time to Purchase a Property is RIGHT NOW! She believes that if...
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Real Estate Financing
The Hop
The HOP (Home Ownership Podcast) Episode 139 With Village Properties Realtor, David Charles Allen This week brought cloudy skies and sweater weather in the 60's. Interest rates stayed about the same but new listings dropped to 37, (Last week, new listings were in the 50's.) David and Patti discuss financing and the different options before the final segment, 'Fur Babies at Home.' To get in touch with David, dall 805-617-9311 or call 805-617-9311.
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Bidding Wars are Back in Santa Barbara!
The Hop
The HOP (Home Ownership Podcast) Episode 138 Hosted by Village Properties Realtor, David Charles Allen Santa Barbara has had beautiful weather in the 60's and 70's and there have been a couple of South Swells, making surfers happy. This week, there were 50 new listings in Santa Barbara, which is higher than it has been in a long time. 45 listings went into a pending status so there was still not large build-up of supply. Bidding wars, expecially for the most desireable properties, have returned. Santa Barbara is a bit protected from the price reductions that other areas have experienced...
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Two Charming Santa Barbara Neighborhoods & Latest Real Estate Sales Stats
The Hop
The HOP (Home Ownership Podcast) Episode 137 With Host, Village Properties Realtor, David Charles Allen: Again, the number of new listings in Santa Barbara was in the 40's. Interest rates remained practically the same with 30 - year jumbo loans at 6 % and 30 - year conventional loans at 6.25 %. Patti and David warned about a number of real estate scams to watch out for before David reviewed two neighborhoods in Santa Barbara: Mission Canyon, and the Santa Barbara Riviera. The Santa Barbara Riviera properties are more expensive and many of them have amazing views. ...
info_outlineThe HOP (Home Ownership Podcast) Episode 114: Hosted by David Charles Allen, 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 805-617-9311.